About PILAB
PILAB is a company based in Seoul (South Korea) founded in 2018 by Jong Hyup Lee.. PILAB has raised $11.7 million across 2 funding rounds from investors including Kakao, HYBE and Korea Investment Holdings. PILAB operates in a competitive market with competitors including Lydian Labs, SKYPlay, Prometheum, Injective Labs and Here Not There Labs, among others.
- Headquarter Seoul, South Korea
- Founders Jong Hyup Lee
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.7 M (USD)
in 2 rounds
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Latest Funding Round
$8.4 M (USD), Series A
Feb 17, 2022
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Investors
Kakao
& 3 more
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Employee Count
Employee Count
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Funding Insights of PILAB
PILAB has successfully raised a total of $11.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.4 million completed in February 2022. 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 2
- Last Round Series A — $8.4M
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First Round
First Round
(01 Jun 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - PILAB | Valuation | Korea Investment Holdings , STIC Ventures | |
| Jun, 2019 | Amount | Seed - PILAB | Valuation | Korea Investment Holdings |
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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 PILAB
PILAB has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Kakao, HYBE and Korea Investment Holdings. 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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Venture capital investments are directed toward SMEs by STIC Ventures.
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Founded Year | Domain | Location | |
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Multi-category messaging and advertising applications are offered online.
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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 PILAB
| 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 - PILAB
| 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 |
Pilab Comparisons
Competitors of PILAB
PILAB 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 Lydian Labs, SKYPlay, Prometheum, Injective Labs and Here Not There Labs, 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 |
Developer of technology to recycle CO2 emissions into carbon-neutral fuels
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| domain | founded_year | HQ Location |
An online marketplace for play-to-earn NFT gaming is operated.
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| domain | founded_year | HQ Location |
Platform for issuance, trading, clearing & settling of tokenized securities
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| domain | founded_year | HQ Location |
Blockchain development services are provided by Injective Labs since 2018.
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| domain | founded_year | HQ Location |
Blockchain protocol is provided for digital community building and management.
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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 Pilab
Frequently Asked Questions about PILAB
When was PILAB founded?
PILAB was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is PILAB located?
PILAB is headquartered in Seoul, South Korea.
Is PILAB a funded company?
PILAB is a funded company, having raised a total of $11.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.3M, raised on Jun 01, 2019.
What does PILAB do?
PILAB was established in 2018 in Seoul, South Korea, as a provider of research services centered on blockchain technology. Operations are conducted within the fintech and technology sectors, where specialized analysis and consulting are offered to clients seeking insights into blockchain applications. The company is led by co-founder and CTO Jong Hyup Lee, with activities focused on supporting innovation in decentralized systems across the Asia-Pacific region.
Who are the top competitors of PILAB?
PILAB's top competitors include Lydian Labs, Prometheum and Tokensoft.
Who are PILAB's investors?
PILAB has 4 investors. Key investors include Kakao, HYBE, Korea Investment Holdings, and STIC Ventures.
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