About People Life
People Life is a company based in Seoul (South Korea) founded in 2003 was acquired by Hanwha Life in January 2023.. People Life has raised $62.4 million across 1 funding round from investors including Hanwha Life and Corstone Capital.
- 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.4 M (USD)
in 1 rounds
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Latest Funding Round
$62.4 M (USD), Private Equity Round
Dec 27, 2018
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Investors
Hanwha Life
& 1 more
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Employee Count
Employee Count
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Acquired by
Hanwha Life
(Jan 02, 2023)
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Funding Insights of People Life
People Life has successfully raised a total of $62.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $62.4 million completed in December 2018. 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 1
- Last Round Private Equity Round — $62.4M
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First Round
First Round
(27 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Private Equity Round - People Life | Valuation | Corstone Capital |
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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 People Life
People Life has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hanwha Life and Corstone Capital. 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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Buyouts are targeted by this private equity fund.
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Founded Year | Domain | Location | |
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Life insurance policies are offered to customers in South Korea.
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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 People Life
| 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.
|
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.
|
2016 |
Financial Statements - People Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
People Life Comparisons
Competitors of People Life
| 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.
|
Frequently Asked Questions about People Life
When was People Life founded?
People Life was founded in 2003 and raised its 1st funding round 15 years after it was founded.
Where is People Life located?
People Life is headquartered in Seoul, South Korea.
Who is the current CEO of People Life?
Gu Du Gyo is the current CEO of People Life.
Is People Life a funded company?
People Life is a funded company, having raised a total of $62.4M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $62.4M, raised on Dec 27, 2018.
What does People Life do?
People Life was established in 2003 in Seoul, South Korea, focusing on the insurance and financial sectors. Services including insurance planning, finance management, and related offerings are provided to clients. Operations are centered in the Korean market, with leadership directed by CEO Gu Du Gyo. The company supports individuals and businesses through structured financial advisory and planning solutions.
Who are People Life's investors?
People Life has 2 investors. Key investors include Hanwha Life, and Corstone Capital.