# Innospark

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.innospark.com
- Total disclosed funding: $6.5M
- Latest round: Series B (Jun 2, 2015)
- Investors on record: 3

## About

Innospark is a digital solutions provider that enhances online presence for businesses through a user-friendly website building platform and additional digital services.Innospark develops innovative digital solutions, specializing in a website building platform designed for businesses. The company is headquartered in Seoul, South Korea. Founded by Dan Cho and Sung Kim, Innospark has secured KRW 7200 mn in Series B funding from Company K Partners, Keytone Ventures, and SL Investment as of June 2, 2015. The company has completed 2 investment deals.Innospark specializes in comprehensive digital solutions that assist businesses in enhancing their online presence. Their primary offering is a website building platform that allows users to easily create and manage websites using a variety of customizable templates. This service caters to a diverse clientele, including small to medium-sized enterprises in sectors such as retail, hospitality, and personal services. Innospark provides vital tools for site design, e-commerce integration, and marketing capabilities, addressing challenges faced by businesses in establishing an effective online footprint. Their products are marketed mainly in North America, Europe, and parts of Asia, aligning with regions that demand digital transformation and e-commerce solutions.Innospark's revenue model is largely based on subscription services, where clients choose from various pricing plans that offer different levels of functionality and support. These subscriptions involve monthly or annual fees, depending on the service tier selected. The primary offerings include basic website hosting, advanced e-commerce features, and premium support packages tailored to meet the diverse needs of their clients. Clients also engage in direct-to-consumer transactions, utilizing the platform to sell products or services directly through their websites, alongside potential partnerships with retailers to leverage Innospark's technology for their online sales initiatives.Innospark plans to utilize the KRW 7200 mn raised in its most recent funding round in June 2015 to enhance its product offerings and expand into new markets. The company is currently designing new features for its website building platform, with anticipated releases slated for the upcoming year. Furthermore, Innospark targets expansion into markets in Southeast Asia and Europe by 2023, aiming to capitalize on the growing demand for digital solutions in these regions.

## Funding rounds

- Series B, Jun 2, 2015, $6.5M — Keytone Ventures, SL Investment, Company K Partners

## Investors

- Keytone Ventures (https://capitalatlas.ai/funds/keytone-ventures) — Series B
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series B
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series B