# Bapul

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bapul

- Industry: Education/Training
- Headquarters: Seongnam, South Korea
- Website: www.bapul.net
- Total disclosed funding: $0.6M
- Latest round: Series A (Aug 21, 2013)
- Investors on record: 5

## About

Bapul, based in South Korea, provides domain name services with a strong emphasis on Domain Name System (DNS) management, enabling businesses to establish and maintain their online presence effectively.Founded in 2011 in Seongnam, South Korea, Bapul specializes in managing domain names and DNS services. The company has undergone strategic shifts to enhance its service offerings but remains independent with no subsidiaries reported. Michael Wesseling, the founder, has a background that includes founding other companies. As of January 28, 2022, Bapul secured a funding round amounting to KRW 1,500.000 mn from investors including East Gate Partners and Sejong Venture Partners, which brings the total amount raised to KRW 1,500.000 mn across five deals.Bapul.net specializes in domain name services, particularly focusing on Domain Name System (DNS) management. Their core offerings enable clients to register, manage, and maintain domain names efficiently, ensuring robust connectivity for websites and online services. The solutions are designed to address various challenges, such as ensuring website availability, enhancing performance through optimized DNS routing, and providing security features against cyber threats. The primary end users include small to medium-sized enterprises (SMEs), e-commerce businesses, and individual entrepreneurs seeking to establish a strong online presence. Bapul.net's services are marketed predominantly in South Korea, with potential outreach to other Asian markets to facilitate domain management and digital identity needs.Bapul.net generates revenue primarily through subscription-based models, where clients pay recurring fees for domain registration and DNS management services. Standard transactions typically involve clients selecting their desired domain names and subscribing to specific service packages, which may include additional features like enhanced security and dedicated customer support. The revenue structure may include tiered pricing plans, allowing clients to choose based on their specific needs and the complexity of services required. Flagship offerings could include premium domains and specialized DNS management services, which cater to varying customer segments from individual users to larger business entities. Each transaction reflects a straightforward, direct-to-consumer model, facilitating seamless interactions between Bapul.net and its clientele.With the recent funding secured in January 2022, Bapul plans to discontinue operations, thus halting any upcoming product launches or expansions into new markets. The focus has shifted away from growth initiatives, and the company is currently in a phase of reevaluating its strategic direction.

## Funding rounds

- Series A, Aug 21, 2013, $0.5M — SK Planet, Capstone Partners, Asan Nanum Foundation, Banks Foundation for Young Entrepreneurs
- Seed, May 30, 2012, $0.1M — Korea Venture Investment Corporation

## Investors

- Korea Venture Investment Corporation (https://capitalatlas.ai/funds/korea-venture-investment-corporation) — Seed
- SK Planet — Series A
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- Asan Nanum Foundation — Series A
- Banks Foundation for Young Entrepreneurs — Series A