Baaam
Latest round
- Seed
Last raised
- Jul 2025
Total raised
- Undisclosed
Investors
- 1
About Baaam
Founded in 2020 and headquartered in Seoul, South Korea, Baaam operates a raffle platform that enables creators to raise funds while engaging with their audience. The company has pursued a singular focus on developing this fundraising model and has completed one deal to date, with its most recent deal occurring on July 14, 2025.The primary offering of Baaam is a raffle platform that connects creators with supporters through a structured fundraising system. Users can support their favorite creators starting from a minimum contribution of 1,000 KRW, with the opportunity to increase their chances of winning exclusive products based on the size of their contributions. The platform hosts weekly free raffles that allow users to enter without making a donation, incentivizing engagement through tasks such as subscribing to creator YouTube channels or following their Instagram accounts.The revenue model for Baaam is primarily driven by user contributions through its raffle system, where individuals participate by purchasing tickets or entering free raffles. Supporters contribute funds, which not only increase their chances of winning exclusive products but also directly benefit the creators they support. In addition to ticket sales, the platform offers rewards in the form of loyalty points, allowing users to earn a percentage of their contributions back as mileage that can be redeemed for limited-edition items in the mileage shop. The company is focused on expanding its platform features and enhancing user experience, with plans to introduce new raffle categories and improve engagement tools. Additionally, Baaam aims to enter international markets, particularly targeting regions in North America and Europe by late 2026.
Who invested in Baaam
1 investor across 1 round
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Funding rounds
Seed
Jul 14, 2025
Amount
Undisclosed
Investors
Questions about Baaam
Who invested in Baaam?
Baaam has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Baaam raised?
Baaam has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Baaam last raise money?
Baaam's most recent round on record is a Seed, in Jul 2025.
What does Baaam do?
Founded in 2020 and headquartered in Seoul, South Korea, Baaam operates a raffle platform that enables creators to raise funds while engaging with their audience.
Where is Baaam headquartered?
Baaam is headquartered in Seoul, South Korea.
Which VCs invest in companies like Baaam?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at Baaam's stage. Their profiles are linked below.
VCs backing software startups at Seed
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