About Sauce
Sauce is a company based in Seoul (South Korea) founded in 2013 by Ryan Kwon and David Yun Hee Lee. It operates as a SaaS (Software-as-a-Service). Sauce has raised $5.25 million across 2 funding rounds from investors including Kiwoom Investment, V Platform Investment and SBI Investment. Sauce offers products and services including Saucelive, Sauceclip, Saucead, and Saucemakers. Sauce operates in a competitive market with competitors including Firework, Bambuser, Instasell, Quinn and FLIP-INC.COM, among others.
- Headquarter Seoul, South Korea
- Founders Ryan Kwon, David Yun Hee Lee
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Sectors
RetailTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Mobidoo Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.25 M (USD)
in 2 rounds
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Latest Funding Round
$5.25 M (USD), Series B
Sep 06, 2023
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Investors
Kiwoom Investment
& 4 more
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Employee Count
Employee Count
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Products & Services of Sauce
Sauce offers a comprehensive portfolio of products and services, including Saucelive, Sauceclip, Saucead, and Saucemakers. 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.
Live shopping videos are facilitated for customer engagement.
Short-form videos are created for product showcasing purposes.
Targeted video ads are developed for marketing campaigns.
Full-scale video production services are offered to clients.
Funding Insights of Sauce
Sauce has successfully raised a total of $5.25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5.25 million completed in September 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 2
- Last Round Series B — $5.2M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - Sauce | Valuation | Kiwoom Investment | |
| Jul, 2017 | Amount | Series A - Sauce | Valuation | Samsung NEXT |
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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 Sauce
Sauce has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Kiwoom Investment, V Platform Investment and SBI 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 |
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Investment services are offered by Kiwoom Investment in South Korea.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital funds are managed to support unlisted companies' growth.
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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 Sauce
| 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 - Sauce
| 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 |
Sauce Comparisons
Competitors of Sauce
Sauce 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 Firework, Bambuser, Instasell, Quinn and FLIP-INC.COM, 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 |
Provider of a cloud-based software tool to create shoppable and interactive videos
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| domain | founded_year | HQ Location |
Providing solution for live video streaming for businesses
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| domain | founded_year | HQ Location |
Provider of live streaming e-commerce software suite solutions for businesses
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| domain | founded_year | HQ Location |
Shoppable videos for Shopify stores are integrated and analyzed.
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| domain | founded_year | HQ Location |
Multi-category products are offered via an online live shopping platform.
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| domain | founded_year | HQ Location |
AI-based live streaming solutions are provided for e-commerce brands.
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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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Frequently Asked Questions about Sauce
When was Sauce founded?
Sauce was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Sauce located?
Sauce is headquartered in Seoul, South Korea.
Who is the current CEO of Sauce?
David Yun Hee Lee is the current CEO of Sauce. They have also founded this company.
Is Sauce a funded company?
Sauce is a funded company, having raised a total of $5.25M across 2 funding rounds to date.
What does Sauce do?
Sauce is established as a prominent provider of shoppable video technology in Asia. Solutions are offered for video commerce, including live shopping, short-form videos, and targeted marketing through platforms like Saucelive, Sauceclip, Saucead, and Saucemakers. Customer traffic and conversions are enhanced using AI-powered tools. The focus is placed on high engagement and real results for clients across various sectors.
What products or services does Sauce offer?
Sauce offers Saucelive, Sauceclip, Saucead, and Saucemakers.
Who are Sauce's investors?
Sauce has 5 investors. Key investors include Kiwoom Investment, V Platform Investment, SBI Investment, Hana Securities, and Samsung NEXT.
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