About Elice
Elice is a company based in Daejeon (South Korea) founded in 2015 by Jungkook Park, Suin Kim, and Jae Won Kim.. Elice has raised $14.97 million across 2 funding rounds from investors including Hyundai Motor Company, SK and Samsung. Elice offers products and services including Elice AI, Elice LXP, Elice Cloud, Elice Test, and Elice AI Solution. Elice operates in a competitive market with competitors including Pluralsight, Codecademy, Udacity, Galvanize and Springboard, among others.
- Headquarter Daejeon, South Korea
- Founders Jungkook Park, Suin Kim, Jae Won Kim
-
Sectors
Education
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Elice, Inc.
-
Annual Revenue
$27.82 K (USD)-20as on Dec 31, 2022
-
Net Profit
$187.59 (USD)-70as on Dec 31, 2022
-
EBITDA
-
Total Equity Funding
$14.97 M (USD)
in 2 rounds
-
Latest Funding Round
$14.97 M (USD), Series C
Jan 17, 2024
-
Investors
Hyundai Motor Company
& 7 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Elice
Elice offers a comprehensive portfolio of products and services, including Elice AI, Elice LXP, Elice Cloud, Elice Test, and Elice AI Solution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides AI solutions and education for corporate competitiveness.
Platform for generative AI and customized training content.
Offers AI-optimized cloud with credits and discounts.
Custom-designed tests for coding and promotions.
Delivers industry-specific AI consulting and adoption support.
Funding Insights of Elice
Elice has successfully raised a total of $14.97M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $14.97 million completed in January 2024. 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 2
- Last Round Series C — $15.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series C - Elice | Valuation | Vertex Holdings | |
| Jan, 2017 | Amount | Seed - Elice | Valuation | NAVER D2 Startup Factory |
|
| 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 |
Investors in Elice
Elice has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Hyundai Motor Company, SK and Samsung. 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 |
|---|---|---|---|---|
|
Early-stage venture capital firm investing in tech and life sciences sectors
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in life science and biotechnology sectors
|
Founded Year | Domain | Location | |
|
Tech startups are accelerated via focused incubation programs.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Elice
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Elice
| 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 |
Elice Comparisons
Competitors of Elice
Elice 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 Pluralsight, Codecademy, Udacity, Galvanize and Springboard, 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 |
Cloud-based LMS platform for IT industry
|
|
| domain | founded_year | HQ Location |
Mobile and SaaS-based platform to learn coding
|
|
| domain | founded_year | HQ Location |
Online platform for professional development courses in software is provided.
|
|
| domain | founded_year | HQ Location |
Bootcamps and startup growth platform
|
|
| domain | founded_year | HQ Location |
Online courses, workshops, and expert mentorship are delivered.
|
|
| domain | founded_year | HQ Location |
Programming courses are delivered via a mobile platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Elice
Frequently Asked Questions about Elice
When was Elice founded?
Elice was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Elice located?
Elice is headquartered in Daejeon, South Korea.
Who is the current CEO of Elice?
Jae Won Kim is the current CEO of Elice. They have also founded this company.
Is Elice a funded company?
Elice is a funded company, having raised a total of $14.97M across 2 funding rounds to date.
What is the annual revenue of Elice?
Annual revenue of Elice is $27.82K as on Dec 31, 2022.
What does Elice do?
Elice was founded in 2015 in Daejeon, South Korea, within the edtech sector. An online platform is operated to deliver coding-related education. Instruction in languages such as Python, Java, and C, along with artificial intelligence topics, is featured. Live coding sessions are supported for users, complemented by practical exercises and automated feedback mechanisms.
Who are the top competitors of Elice?
Elice's top competitors include Pluralsight, Udacity and Codecademy.
What products or services does Elice offer?
Elice offers Elice AI, Elice LXP, Elice Cloud, Elice Test, and Elice AI Solution.
Who are Elice's investors?
Elice has 8 investors. Key investors include Hyundai Motor Company, SK, Samsung, Seoul National University, and LG.