About Model Solution
Model Solution is a company based in Seoul (South Korea) founded in 1993 was acquired by Hankook Tire in May 2018.. The company has 321 employees as of December 31, 2024. Model Solution offers products and services including CMF Design and Prototyping.
- Headquarter Seoul, South Korea
- Employees 321 as on 31 Dec, 2024
- Stage Public
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Model Solution Co., Ltd.
-
Annual Revenue
$46.13 M (USD)5.12as on Dec 31, 2024
-
Net Profit
$3.59 M (USD)111.43as on Dec 31, 2024
-
EBITDA
$5.76 M (USD)35.73as on Dec 31, 2024
-
Latest Funding Round
-
Investors
Hankook Tire
& 1 more
-
Employee Count
321
as on Dec 31, 2024
-
Acquired by
Hankook Tire
(May 10, 2018)
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
IPO & Listings of Model Solution
Model Solution is a publicly listed company on the KRX with ticker symbol 417970 in South Korea, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Model Solution
Model Solution offers a comprehensive portfolio of products and services, including CMF Design and Prototyping. 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.
CMF design services are provided to align with market trends and customer needs in product development.
Prototyping services are offered, including CNC machining and 3D printing for high-fidelity prototypes.
Funding Insights of Model Solution
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Private Equity Round - Model Solution | Valuation |
investors |
| 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 Model Solution
Model Solution has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hankook Tire and SkyLake 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 |
|---|---|---|---|---|
|
Buyouts are targeted through private equity investments by SkyLake Investment.
|
Founded Year | Domain | Location | |
|
Tires are manufactured and supplied by Hankook Tire worldwide.
|
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 Model Solution
| 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 - Model Solution
| 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 |
Model Solution Comparisons
Competitors of Model Solution
| 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.
|
Frequently Asked Questions about Model Solution
When was Model Solution founded?
Model Solution was founded in 1993 and raised its 1st funding round 21 years after it was founded.
Where is Model Solution located?
Model Solution is headquartered in Seoul, South Korea.
How many employees does Model Solution have?
As of Dec 31, 2024, the latest employee count at Model Solution is 321.
What is the annual revenue of Model Solution?
Annual revenue of Model Solution is $46.13M as on Dec 31, 2024.
What does Model Solution do?
Provider of technology solutions for injection molded parts manufacturing.
What products or services does Model Solution offer?
Model Solution offers CMF Design and Prototyping.
Is Model Solution publicly traded?
Yes, Model Solution is publicly traded on KRX under the ticker symbol 417970.
Who are Model Solution's investors?
Model Solution has 2 investors. Key investors include Hankook Tire, and SkyLake Investment.
What is Model Solution's ticker symbol?
The ticker symbol of Model Solution is 417970 on KRX.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.