About Hey Dealer
Hey Dealer is a company based in Seoul (South Korea) founded in 2014.. Hey Dealer has raised $97.93 million across 5 funding rounds from investors including Atinum Investment, Korea Development Bank Europe and IMM Investment. Hey Dealer operates in a competitive market with competitors including Mr Pic, PRND, AJ Selfie, Jeonju Auto World and Honoka, among others.
- Headquarter Seoul, South Korea
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Pr&D Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$97.93 M (USD)
in 5 rounds
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Latest Funding Round
$33.55 M (USD), Series D
Feb 05, 2024
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Investors
Atinum Investment
& 2 more
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Employee Count
Employee Count
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Funding Insights of Hey Dealer
Hey Dealer has successfully raised a total of $97.93M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $33.55 million completed in February 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 5
- Last Round Series D — $33.6M
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First Round
First Round
(01 Jun 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series D - Hey Dealer | Valuation | Korea Development Bank Europe , Atinum Investment |
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| Dec, 2021 | Amount | Series C - Hey Dealer | Valuation |
investors |
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| Jul, 2019 | Amount | Series B - Hey Dealer | Valuation |
investors |
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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 Hey Dealer
Hey Dealer has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Atinum Investment, Korea Development Bank Europe and IMM Investment. 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 geographies such as South Korea
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Founded Year | Domain | Location | |
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Operates as a commercial bank providing deposits, loans, and payment services to customers.
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Founded Year | Domain | Location | |
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IMM Investment is recognized as a leading multi-asset alternative investment firm in 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 Hey Dealer
| 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 - Hey Dealer
| 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 |
Hey Dealer Comparisons
Competitors of Hey Dealer
Hey Dealer 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 Mr Pic, PRND, AJ Selfie, Jeonju Auto World and Honoka, 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 |
Online services for car buyers & sellers
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| domain | founded_year | HQ Location |
Online C2B second-hand car mobile auction
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| domain | founded_year | HQ Location |
Online used car distributor
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| domain | founded_year | HQ Location |
Provides online used car buying, selling, and consultation services.
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| domain | founded_year | HQ Location |
Functions as an online platform for buying and selling used cars.
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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 Hey Dealer
Frequently Asked Questions about Hey Dealer
When was Hey Dealer founded?
Hey Dealer was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Hey Dealer located?
Hey Dealer is headquartered in Seoul, South Korea.
Who is the current CEO of Hey Dealer?
Park Jin-Woo is the current CEO of Hey Dealer.
Is Hey Dealer a funded company?
Hey Dealer is a funded company, having raised a total of $97.93M across 5 funding rounds to date. The company's 1st funding round was a Series B of $25.38M, raised on Jun 01, 2015.
What does Hey Dealer do?
Hey Dealer was founded in 2014 in Seoul, South Korea, as a C2B platform in the automotive sector. Cars are sold through an auction system where sellers submit vehicle details, owner information, and expected price ranges. The service connects individual sellers with dealers. An app is provided for Android and iOS devices to facilitate these transactions.
Who are the top competitors of Hey Dealer?
Who are Hey Dealer's investors?
Hey Dealer has 3 investors. Key investors include Atinum Investment, Korea Development Bank Europe, and IMM Investment.