# D&Korea Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/d-korea-co

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.dongnae.com
- Total disclosed funding: $25M
- Latest round: Series A (Mar 24, 2022)
- Investors on record: 12

## About

D&Korea Co., Ltd. is a technology company based in Seoul, South Korea, focused on delivering innovative digital solutions aimed at enhancing user experience and operational efficiency across various sectors.Founded in 2020, D&Korea Co., Ltd. operates in Seoul, South Korea, specializing in digital tools that streamline processes for diverse industries. The company has conducted 5 deals, with its latest funding round being a Series A raising USD 16.34 mn on March 24, 2022, backed by notable investors. The CEO is Matthew Shampine, and the founder, Insong Kim, has a background in technology entrepreneurship.Dongnae specializes in innovative solutions tailored to enhance user experience and operational efficiency across various sectors. Their core product offerings include a range of digital tools designed to streamline processes and improve accessibility, specifically addressing challenges related to user engagement and service delivery in both commercial and personal contexts. The company serves a diverse client base, including businesses in retail, healthcare, and education, providing tailored solutions that cater to their specific needs. Dongnae's products are marketed in regions such as North America, Europe, and parts of Asia, reflecting their commitment to reaching a wide audience.The revenue model of Dongnae is structured around direct-to-consumer sales and B2B partnerships, facilitating a robust marketplace for their products. Transactions typically involve subscription-based offerings, allowing clients to access advanced features and updates on a recurring basis. For businesses, partnerships are fostered through tiered pricing plans that cater to varying levels of service and product bundles. Flagship products are priced competitively within the market, ensuring flexibility and scalability in customer engagement.In March 2022, D&Korea Co., Ltd. raised USD 16.34 mn in Series A funding, which they plan to use for expanding their operations across the Seoul metropolitan area, strengthening relationships with local brokerages, and further developing their technology. The company aims to launch new products focused on enhancing user engagement by mid-2023 and is considering expansion into additional markets in Asia and Europe by the end of 2023.

## Funding rounds

- Series A, Mar 24, 2022, $16M — Hana Bank, Flybridge Capital Partners, WOORI Venture Partners, MetaProp, Magna Investment, NFX, Hana Securities, Maple VC, Iloom, Daol Savings Bank, Han River Partners
- Seed, May 20, 2021, $4.1M — Flybridge Capital Partners, Goodwater Capital, MetaProp, NFX, Maple VC
- Seed, Dec 29, 2020, $4.1M — Flybridge Capital Partners, Goodwater Capital, MetaProp, Maple VC

## Investors

- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Seed, Series A
- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- MetaProp (https://capitalatlas.ai/funds/metaprop) — Seed, Series A
- Maple VC (https://capitalatlas.ai/funds/maple-vc) — Seed, Series A
- NFX (https://capitalatlas.ai/funds/nfx) — Seed, Series A
- Hana Bank — Series A
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A
- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- Iloom — Series A
- Daol Savings Bank — Series A
- Han River Partners (https://capitalatlas.ai/funds/han-river-partners) — Series A