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
*********
- 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 |
| 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 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. 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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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 |
| 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 Soomgo
| 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.
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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 - Soomgo
| 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 |
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. 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 |
Operates an online peer-to-peer platform for listing and discovering multi-category services.
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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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Frequently Asked Questions about Soomgo
When was Soomgo founded?
Soomgo was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Soomgo located?
Soomgo is headquartered in Seoul, South Korea.
Is Soomgo a funded company?
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.
What is the annual revenue of Soomgo?
Annual revenue of Soomgo is $24.38M as on Dec 31, 2022.
What does Soomgo do?
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.
Who are the top competitors of Soomgo?
Soomgo's top competitors include Annie Man.
Who are Soomgo's investors?
Soomgo has 13 investors. Key investors include Korean Development Bank, FJ Labs, Atinum Investment, IMM Korea, and Strong Ventures.