About connectingapp
connectingapp is a company based in Seoul (South Korea) founded in 2018.. connectingapp has raised $2.05 million across 1 funding round from investors including Korea Investment Holdings and IMM Korea. connectingapp operates in a competitive market with competitors including Voice Club, Chatous, MiChat, Jongla and Anonymous Chats, among others.
- Headquarter Seoul, South Korea
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.05 M (USD)
in 1 rounds
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Latest Funding Round
$2.05 M (USD), Seed
May 11, 2020
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Investors
Korea Investment Holdings
& 1 more
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Employee Count
Employee Count
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Funding Insights of connectingapp
connectingapp has successfully raised a total of $2.05M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.05 million completed in May 2020. 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 1
- Last Round Seed — $2.0M
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First Round
First Round
(11 May 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Seed - connectingapp | Valuation | IMM Investment , Korea Investment Holdings |
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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 connectingapp
connectingapp has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Korea Investment Holdings and IMM Korea. 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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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Investment holding firm established in Seoul in 2003.
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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 connectingapp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - connectingapp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Connectingapp Comparisons
Competitors of connectingapp
connectingapp 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 Voice Club, Chatous, MiChat, Jongla and Anonymous Chats, 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 |
Provider of audio-calling companion app
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| domain | founded_year | HQ Location |
Anonymous topic-based messaging is enabled for one-to-one chats.
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| domain | founded_year | HQ Location |
Free app for one-on-one chats, group conversations, and making new friends.
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| domain | founded_year | HQ Location |
Nearby users are connected through a mobile chatting app.
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| domain | founded_year | HQ Location |
Anonymous Chats is an app-based platform enabling anonymous conversations with strangers for secure interactions.
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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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Frequently Asked Questions about connectingapp
When was connectingapp founded?
connectingapp was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is connectingapp located?
connectingapp is headquartered in Seoul, South Korea.
Is connectingapp a funded company?
connectingapp is a funded company, having raised a total of $2.05M across 1 funding round to date. The company's 1st funding round was a Seed of $2.05M, raised on May 11, 2020.
What does connectingapp do?
Connectingapp was founded in 2018 and is headquartered in Seoul, South Korea. Voice communication solutions are offered in the social connectivity sector, linking users through shared hobbies and inclinations. A mobile application is available on iOS and Android platforms to support these interactions. Operations center on enabling voice-based connections with unfamiliar individuals in a structured environment.
Who are the top competitors of connectingapp?
connectingapp's top competitors include Voice Club, Chatous and Jongla.
Who are connectingapp's investors?
connectingapp has 2 investors. Key investors include Korea Investment Holdings, and IMM Korea.
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