About Balaan
Balaan is a company based in Seoul (South Korea) founded in 2015 by Joonhong Park. Balaan has raised $44.97 million across 3 funding rounds from investors including SBI Investment Korea, Company K Partners and Mega Investment. Balaan operates in a competitive market with competitors including Atney and Yble, among others.
- Headquarter Seoul, South Korea
- Founders Joonhong Park
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$44.97 M (USD)
in 3 rounds
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Latest Funding Round
$17.33 M (USD), Series C
Oct 16, 2022
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Investors
SBI Investment Korea
& 8 more
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Employee Count
Not available
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People of Balaan
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Funding Insights of Balaan
Balaan has successfully raised a total of $44.97M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $17.33 million completed in October 2022. 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.
Investors in Balaan
Balaan has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include SBI Investment Korea, Company K Partners and Mega Investment.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on multiple sectors
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Venture capital firm investing in tech startups
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Stage & sector-agnostic VC firm funding companies in South Korea and the US
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Investor details for Balaan
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Investments & Acquisitions by Balaan
Investment portfolio details for Balaan
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Financial Statements - Balaan
Detailed financials for Balaan
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Balaan Comparisons
Peer comparison for Balaan
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Competitors of Balaan
Balaan 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 Atney and Yble, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Online retailer offering multi-category fashion products
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Manages an e-commerce store featuring multi-category fashion products from designers.
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Detailed competitors of Balaan
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Latest news on Balaan
Complete news archive for Balaan
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Frequently Asked Questions about Balaan
Balaan was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Balaan is headquartered in Seoul, South Korea.
Hyung Rok Choi is the current CEO of Balaan.
Balaan is a funded company, having raised a total of $44.97M across 3 funding rounds to date.
Online retailer of multi-category fashion products by designers. The product catalog includes skirts, pants, tops, shoes, sneakers, bags, etc.
Balaan has 9 investors. Key investors include SBI Investment Korea, Company K Partners, Mega Investment, KTB Network, and DAOL Ventures.