# Cake

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cake-3

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.cakecorp.com
- Total disclosed funding: $18M
- Latest round: Series A (Jul 1, 2021)
- Investors on record: 3

## About

Founded in 2020 and based in Seoul, Cake Corp. operates an English education platform. In May 2021, Cake Corp. raised KRW 10 billion in series A funding from returning investors Milestone Growth Partners, IS Dongseo, YBM, INC., and other investors as a part of a larger KRW 20 billion series A financing with a post-money valuation of KRW 90 billion. 

Cake Corp. provides English educational conversation content and supports 18 languages including Korean, Spanish, Portuguese, Vietnamese, Thai, Indonesian, Malay, Chinese, Japanese, Russian, Arabic, Turkish, Hindi, and German. The company's platform allows users to practice speaking and improving their pronunciation of English by analyzing and grading their speaking, providing quizzes and audio content, and making short clips. 

The company generates revenue through a subscription service and phone English service.

Cake Corp. plans to use the funding to expand its English education service model and diversify the languages.

## Funding rounds

- Series A, Jul 1, 2021, $8.8M — IS Dongseo, CAC Partners, YBM, INC.
- Series A, Jan 20, 2021, $9M — IS Dongseo, CAC Partners, YBM, INC.

## Investors

- IS Dongseo — Series A
- CAC Partners (https://capitalatlas.ai/funds/cac-partners) — Series A
- YBM, INC. — Series A