About Korbit
Korbit is a company based in Seoul (South Korea) founded in 2013 was acquired by Nexon in September 2017. It operates as a Commission-Based, and FinTech. Korbit has raised $78.62 million across 4 funding rounds from investors including Nexon, Korea Investment Holdings and Sk-square.com. Korbit offers products and services including Virtual Asset Trading. Korbit operates in a competitive market with competitors including Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
- Headquarter Seoul, South Korea
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Sectors
Financial Services
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Phone
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Website
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Social
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Products & Services of Korbit
Korbit offers a comprehensive portfolio of products and services, including Virtual Asset Trading. 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.
Virtual assets are traded on this pioneering platform.
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Funding Insights of Korbit
Korbit has successfully raised a total of $78.62M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $75.22 million completed in November 2021. 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 4
- Last Round Series B — $75.2M
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First Round
First Round
(19 Jan 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - Korbit | Valuation |
investors |
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| Jun, 2016 | Amount | Series A - Korbit | Valuation |
investors |
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| Aug, 2014 | Amount | Series A - Korbit | Valuation | SBVA |
| 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 Korbit
Korbit has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Nexon, Korea Investment Holdings and Sk-square.com. 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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Investment holding firm established in Seoul in 2003.
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Founded Year | Domain | Location | |
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Blockchain-focused investment funds and venture capital are provided.
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Founded Year | Domain | Location | |
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Investments in US tech companies are made by BAM Ventures.
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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 Korbit
| 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 - Korbit
| 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 |
Korbit Comparisons
Competitors of Korbit
Korbit 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 Gemini, FTX, Blockchain, Bitstamp and PDAX, 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 |
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| domain | founded_year | HQ Location |
Platform offering crypto exchange solutions
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Cryptocurrency trading is facilitated through an online platform.
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| domain | founded_year | HQ Location |
App-based platform for exchange and trading solutions for cryptocurrency
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| domain | founded_year | HQ Location |
Cryptocurrencies are bought, sold, and exchanged via a mobile app.
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| domain | founded_year | HQ Location |
Online exchange platform for cryptocurrencies
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| domain | founded_year | HQ Location |
Online platform for crypto exchange
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Korbit
Frequently Asked Questions about Korbit
When was Korbit founded?
Korbit was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Korbit located?
Korbit is headquartered in Seoul, South Korea.
Is Korbit a funded company?
Korbit is a funded company, having raised a total of $78.62M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jan 19, 2014.
What does Korbit do?
Korbit is established as South Koreas inaugural virtual asset exchange. Operations are focused on facilitating the trading of cryptocurrencies and other digital assets. The platform serves a growing market of investors and traders within the financial technology sector. Services are provided to ensure secure and efficient transactions for users across the region.
Who are the top competitors of Korbit?
Korbit's top competitors include Blockchain, Gemini and FTX.
What products or services does Korbit offer?
Korbit offers Virtual Asset Trading.
Who are Korbit's investors?
Korbit has 7 investors. Key investors include Nexon, Korea Investment Holdings, Sk-square.com, Pantera Capital, and BAM Ventures.
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