# Code States

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/code-states

- Industry: Education/Training
- Headquarters: Seoul, South Korea
- Website: www.codestates.com
- Latest round: Seed (Feb 26, 2018)
- Investors on record: 1

## About

Based in South Korea, Code States Inc. is a corporate education provider specializing in tailored digital transformation training solutions that enhance practical competencies across industries.Code States Inc. was founded in 2015 in Seoul, South Korea, offering corporate education services focused on digital transformation. The company has raised KRW 1.5 billion from NH Investment & Securities in its latest funding round on November 16, 2022, bringing the total amount raised to KRW 1.5 billion. In-gi Kim serves as both the CEO and Founder of the company, which has completed five investment deals since inception.Code States focuses on corporate education, primarily offering tailored digital transformation training solutions aimed at enhancing practical competencies. Their core product includes customized curricula developed through competency assessments, ensuring that training aligns with both individual skill levels and organizational goals. This approach allows Code States to address specific challenges faced by diverse industries, including finance, manufacturing, and services sectors, by providing bespoke educational programs. The company has cultivated a robust client base that has benefited from over 100 million hours of training expertise, positioning itself as a prominent entity in South Korea's corporate training market and potentially expanding its reach into other international markets.Code States generates revenue through B2B engagements, providing educational services to organizations seeking digital transformation solutions. The transaction structure typically involves customized training programs designed for specific client needs, where companies may engage in annual contracts or subscription models for ongoing training and support. Revenue is derived from both one-off assessments and long-term training engagements, creating a steady income stream from corporate clients. The pricing model is structured around the complexity and duration of the training programs offered; however, specific pricing details for individual services are not disclosed. Code States leverages its expertise to foster relationships with a diverse clientele, facilitating effective digital transformation learning experiences.Code States Inc. plans to bolster its offerings by designing and launching new digital transformation training programs, with specific release dates anticipated in the upcoming year. The company is targeting international markets for expansion, with a focus on Southeast Asia by 2025. The recent funding of KRW 1.5 billion will be utilized to support these growth initiatives, enhancing their product development and market penetration efforts.

## Funding rounds

- Seed, Feb 26, 2018 — Primer

## Investors

- Primer (https://capitalatlas.ai/funds/primer) — Seed