About KREAM
KREAM is a company based in Seongnam-si (South Korea) founded in 2020. It operates as a Two-Sided Marketplace, and Commission-Based. KREAM has raised $447.79 million across 4 funding rounds from investors including Naver, Mirae Asset and Samsung. KREAM has completed 3 acquisitions, including Blank Corporation, SASOM and nike-mania.co.kr. KREAM offers products and services including Limited Edition Trading Platform and Fashion and Luxury Items. KREAM operates in a competitive market with competitors including Pampam, Epic One and Koodon, among others.
- Headquarter Seongnam-si, South Korea
- Stage Minicorn
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kream Corp.
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Annual Revenue
$35.7 M (USD)1299as on Dec 31, 2022
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Net Profit
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EBITDA
$-204.81 M (USD)-197as on Dec 31, 2022
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Total Equity Funding
$447.79 M (USD)
in 4 rounds
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Latest Funding Round
$38.5 M (USD), Series C
Dec 22, 2023
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Investors
Naver
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Blank Corporation
& 2 more
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Products & Services of KREAM
KREAM offers a comprehensive portfolio of products and services, including Limited Edition Trading Platform and Fashion and Luxury Items. 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.
A platform for trading limited edition products is provided.
Fashion and luxury items are sold through the platform.
Funding Insights of KREAM
KREAM has successfully raised a total of $447.79M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $38.5 million completed in December 2023. 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 C — $38.5M
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First Round
First Round
(15 Oct 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series C - KREAM | Valuation | Altos Ventures Management |
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| Mar, 2023 | Amount | Series C - KREAM | Valuation | Altos Ventures Management | |
| Nov, 2022 | Amount | Series C - KREAM | Valuation | Altos Ventures Management |
| 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 KREAM
KREAM has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Naver, Mirae Asset 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 |
|---|---|---|---|---|
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Early-stage companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Private equity investments across Asia are managed by Axiom Asia.
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Founded Year | Domain | Location | |
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Early-stage venture capital arm of SoftBank Group
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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 KREAM
KREAM has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Blank Corporation, SASOM and nike-mania.co.kr. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
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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.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online retailer offering multi-category fashion products for men and women
|
2019 | ||||
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E-commerce support services are provided to online businesses and platforms.
|
2016 | ||||
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Online platform offering second hand sneakers
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - KREAM
| 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 |
Kream Comparisons
Competitors of KREAM
KREAM 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 Pampam, Epic One and Koodon, 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 |
App based listing platform for buying and selling used luxury fashion products
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| domain | founded_year | HQ Location |
Second-hand luxury fashion items are sold via an online marketplace.
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| domain | founded_year | HQ Location |
Second-hand brand products are traded on a Korean online marketplace.
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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 Kream
Frequently Asked Questions about KREAM
When was KREAM founded?
KREAM was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is KREAM located?
KREAM is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Who is the current CEO of KREAM?
Kim Chang-Wook is the current CEO of KREAM.
Is KREAM a funded company?
KREAM is a funded company, having raised a total of $447.79M across 4 funding rounds to date. The company's 1st funding round was a Series C of $157M, raised on Oct 15, 2021.
What is the annual revenue of KREAM?
Annual revenue of KREAM is $35.7M as on Dec 31, 2022.
What does KREAM do?
A digital marketplace for limited edition products, including fashion, luxury items, and streetwear, is managed by KREAM. Transactions between buyers and sellers are facilitated, with a focus on sneakers, apparel, and accessories. Various sectors such as outdoor wear, beauty, and refurbished electronics are covered. Solutions for secure transactions and product verification are provided to ensure trust. Seasonal collections and exclusive drops are featured to attract a diverse customer base.
What products or services does KREAM offer?
KREAM offers Limited Edition Trading Platform and Fashion and Luxury Items.
How many acquisitions has KREAM made?
KREAM has made 3 acquisitions, including Blank Corporation, SASOM, and nike-mania.co.kr.
Who are KREAM's investors?
KREAM has 7 investors. Key investors include Naver, Mirae Asset, Samsung, Samsung Securities, and Altos Ventures Management.
What is KREAM's valuation?
The valuation of KREAM is $742M as of Mar 2023.