About Soomgo
Soomgo is a company based in Seoul (South Korea) founded in 2014. Soomgo has raised $46.47 million across 6 funding rounds from investors including Korean Development Bank, FJ Labs and Atinum Investment. Soomgo operates in a competitive market with competitors including Annie Man, among others.
- Headquarter Seoul, South Korea
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Sectors
Business Services
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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 Brave Mobile Co., Ltd.
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Annual Revenue
$24.38 M (USD)107as on Dec 31, 2022
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Net Profit
-$11.17 M (USD)-44as on Dec 31, 2022
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EBITDA
-$11.17 M (USD)-44as on Dec 31, 2022
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Total Equity Funding
$46.47 M (USD)
in 6 rounds
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Latest Funding Round
$28.64 M (USD), Series C
Jun 14, 2021
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Investors
Korean Development Bank
& 12 more
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Employee Count
Employee Count
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Funding Insights of Soomgo
Soomgo has successfully raised a total of $46.47M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $28.64 million completed in June 2021. 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 6
- Last Round Series C — $28.6M
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First Round
First Round
(31 May 2016)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Soomgo | Valuation | Korean Development Bank , We Ventures | |
| Jul, 2019 | Amount | Series B - Soomgo | Valuation |
investors |
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| Jun, 2019 | Amount | Series B - Soomgo | Valuation | Atinum Investment , TBT |
Investors in Soomgo
Soomgo has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Korean Development Bank, FJ Labs and Atinum Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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TBT Partners is engaged in venture capital investments for startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Soomgo
Financial Statements - Soomgo
Soomgo Comparisons
Competitors of Soomgo
Soomgo 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 Annie Man, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Operates an online peer-to-peer platform for listing and discovering multi-category services.
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Latest news on Soomgo
Frequently Asked Questions about Soomgo
Soomgo was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Soomgo is headquartered in Seoul, South Korea.
Soomgo is a funded company, having raised a total of $46.47M across 6 funding rounds to date. The company's 1st funding round was a Series B of $12.5M, raised on May 31, 2016.
Annual revenue of Soomgo is $24.38M as on Dec 31, 2022.
Soomgo was founded in 2014 in Seoul, South Korea, as an online platform in the lead generation sector for local services. Requests for categories including home cleaning, maintenance, handyman tasks, fitness training, and tutoring are submitted by users. These requests are distributed to relevant local professionals, who provide price quotations. Comparisons of quotes are enabled for users to select suitable providers based on their needs.
Soomgo's top competitors include Annie Man.
Soomgo has 13 investors. Key investors include Korean Development Bank, FJ Labs, Atinum Investment, IMM Korea, and Strong Ventures.