About Althea
Althea is a company based in Seoul (South Korea) founded in 2015.. Althea has raised $10.5 million across 4 funding rounds from investors including Korean Development Bank, InnoVen Capital and FirstFloor Capital. Althea operates in a competitive market with competitors including StyleKorean, Gwenchanda, AvenueSeoul, Meamo and Lady K House, among others.
- Headquarter Seoul, South Korea
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Sectors
Healthcare
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.5 M (USD)
in 4 rounds
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Latest Funding Round
$7 M (USD), Series B
Oct 25, 2017
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Investors
Korean Development Bank
& 9 more
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Employee Count
Employee Count
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Funding Insights of Althea
Althea has successfully raised a total of $10.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $7.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2017 | Amount | Series B - Althea | Valuation | FirstFloor Capital , Korean Development Bank | |
| May, 2016 | Amount | Series A - Althea | Valuation | Tekton Ventures , Cherubic Ventures | |
| Oct, 2015 | Amount | Seed - Althea | Valuation | 500 Startups |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Althea
Althea has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, InnoVen Capital and FirstFloor Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in early & growth stage companies in Asia & the US
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Founded Year | Domain | Location | |
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US, UK, Israel, and parts of Asia
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Althea
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Althea
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Althea Comparisons
Competitors of Althea
Althea operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as StyleKorean, Gwenchanda, AvenueSeoul, Meamo and Lady K House, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Skin care products are retailed online by StyleKorean.
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| domain | founded_year | HQ Location |
Online retailer offering Korean skincare, makeup, hair, and body care products globally.
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| domain | founded_year | HQ Location |
Offers online retail of Korean cosmetics, skincare, and beauty accessories for consumers.
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| domain | founded_year | HQ Location |
Online platform for Korean Botox, dermal fillers, and skincare products worldwide.
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| domain | founded_year | HQ Location |
Online retailer offering Korean skincare, makeup, and health items to consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Althea
Frequently Asked Questions about Althea
When was Althea founded?
Althea was founded in 2015.
Where is Althea located?
Althea is headquartered in Seoul, South Korea.
Is Althea a funded company?
Althea is a funded company, having raised a total of $10.5M across 4 funding rounds to date.
What does Althea do?
Althea was founded in 2015 and is headquartered in Seoul, South Korea. The company operates as an online retailer in the beauty sector, focusing on Korean products such as skincare, cosmetics, makeup, and hair care items. Discounts are provided on brands including BBIA, Easy Powder, and Klug. A direct distribution channel is utilized to link K-beauty suppliers with consumers in Southeast Asia.
Who are the top competitors of Althea?
Althea's top competitors include StyleKorean, Gwenchanda and AvenueSeoul.
Who are Althea's investors?
Althea has 10 investors. Key investors include Korean Development Bank, InnoVen Capital, FirstFloor Capital, Tekton Ventures, and BA Partners.