About Doeat
Doeat is a Consumer company based in Seoul (South Korea) founded in 2022 by Kirok Kwon and Ian Yunseok Lee. It operates as a food from local restaurants is delivered via an online platform. Doeat has raised $21.39 million across 1 funding round from investors including Goodwater Capital, SBVA and Base Ventures. Its chief executive is Ian Yunseok Lee. Its website doeat.io draws about 20 thousand monthly visits. Its focus areas include Food and Agriculture Tech, Food Tech, Food Discovery and Ordering and Restaurant Aggregator. Its competitors include Delivery Hero, Woowa Bros, Baemin, Yogiyo and Shuttle Delivery and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
Doeat was founded in 2022 in Seoul, South Korea, as a platform in the food delivery sector. Local restaurants are discovered by users through the service, and food orders are facilitated with a required minimum amount. Operations focus on connecting customers to nearby eateries for delivery, supporting efficient urban food access in the region.
- Total Equity Funding$21.39M (USD)
in 1 rounds
- Latest Funding Round$21.39M (USD), Series A
Jan 2025
- InvestorsGoodwater Capital
& 4 more
Funding Insights of Doeat
Doeat has successfully raised a total of $21.39M through 1 strategic funding round. The most recent funding activity was a Series A round of $21.39 million completed in January 2025. 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 $21.39M
- Total Rounds 1
- Last Round Series A β $21.39M
- First Round $21.39M
(Jan 2025)
- Investors Count 5
All 1 funding rounds of Doeat with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $21.39M | Series A | β | Goodwater Capital |
5 investors in total: 5 institutional.
Investors in Doeat
Doeat has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Goodwater Capital, SBVA and Base Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in consumer tech sectors are managed by Goodwater Capital. | – | goodwatercap.com | Burlingame, United States | |
Early-stage venture capital arm of SoftBank Group | – | sbvacorp.com | Seoul, South Korea | |
Venture capital firm investing in early-stage companies with a focus on modern consumer and enterprise sectors. | – | base.ventures | - | |
Venture capital fund focused on crypto-assets | – | hashed.com | Seoul, South Korea | |
Investment support is offered by BDC Labs for emerging industries. | – | bdclabs.co.kr | Seoul, South Korea |
Investor details for Doeat
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People of Doeat
2 people are tracked at Doeat (2 in leadership).
| Name | Role | Group |
|---|---|---|
Kirok Kwon | Co-Founder | Leadership |
Ian Yunseok Lee | Co-Founder & CEO | Leadership |
Complete people profiles for Doeat
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Timeline of Doeat
2 dated milestones of Doeat across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Doeat is founded.
- Funding First funding round of $21.4M.
Competitors of Doeat
Doeat has 9 listed competitors in our database, 4 of them funded. They include Delivery Hero, Woowa Bros, Baemin, Yogiyo and Shuttle Delivery, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deliveryhero.com | 2010 | Berlin, Germany | $1.8B | 47,981 | Food ordering and delivery services are facilitated online. | |
| woowahan.com | 2011 | Seoul, South Korea | $131.8M | – | Food delivery platforms are developed and operated for on-demand services. | |
| baemin.com | 2013 | Seoul, South Korea | – | – | Food delivery is enabled via an online ordering platform. | |
| yogiyo.co.kr | 2012 | Seoul, South Korea | – | – | Food orders and deliveries are enabled via an online platform. | |
| shuttledelivery.co.kr | 2007 | Seoul, South Korea | – | – | Food delivery is enabled via an online ordering platform. | |
| foodfly.co.kr | 2011 | Seoul, South Korea | $622,700 | – | Local food delivery | |
| ddingdong.net | 2016 | Seoul, South Korea | $10.53M | – | Operates an online platform for food ordering and delivery. | |
| myfranchise.kr | 2019 | Seoul, South Korea | – | – | Food ordering and delivery are facilitated via an online platform. | |
| spidor.co.kr | 2017 | Seoul, South Korea | – | – | Online platform for food order and delivery |
Detailed competitors of Doeat
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Web traffic of Doeat
The website of Doeat (doeat.io) receives about 19.8K visits a month.
- Monthly visits19.8K
▼ 14% vs previous month
Websites whose visitors overlap most with Doeat. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
innoforest.co.kr | innoforest.co.kr | 100% | – | #204,484 | β |
| myfranchise.kr | 60% | 109.8K | #168,834 | View details | |
| duit.kr | 43% | 44.5K | #793,663 | View details | |
ymchicken.co.kr | ymchicken.co.kr | 30% | – | #4,514,316 | β |
| namu.wiki | 29% | 350.1M | #113 | View details |
Top companies in Food & Beverage Platforms
10 companies that operate in the same segment as Doeat (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 6,903 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 592.4 M | – | 16,949 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | 6,360 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Related news about Doeat
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Frequently Asked Questions about Doeat
Doeat was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Doeat is headquartered in Seoul, South Korea.
Ian Yunseok Lee is the current CEO of Doeat. They have also founded this company.
Doeat is a funded company, having raised a total of $21.39M across 1 funding round to date. The company's 1st funding round was a Series A of $21.39M, raised on Jan 2025.
Doeat was founded in 2022 in Seoul, South Korea, as a platform in the food delivery sector. Local restaurants are discovered by users through the service, and food orders are facilitated with a required minimum amount. Operations focus on connecting customers to nearby eateries for delivery, supporting efficient urban food access in the region.
Doeat's top competitors include Delivery Hero, Woowa Bros and Yogiyo.
Doeat has 5 investors. Key investors include Goodwater Capital, SBVA, Base Ventures, Hashed, and BDC Labs.