# Insung Data

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/insung-data

- Industry: Software
- Headquarters: Daegu, South Korea
- Website: www.insungdata.com
- Total disclosed funding: $29M
- Latest round: Series B (Sep 18, 2018)
- Investors on record: 2

## About

Based in South Korea, Insung Data operates as a provider of logistics solutions, specializing in real-time location tracking and transportation cost settlement services.Insung Data, founded in 2001 and headquartered in Daegu, South Korea, focuses on logistics solutions. The company has completed 6 deals, with the most recent in July 2021, raising KRW 45 billion in a Secondary Stock Purchase from Shinhan Capital and Shinhan Securities. The CEO, Jace Jun, leads the firm as it continues to expand its service offerings without any known pivots or changes in its business strategy.Insung Data provides logistics solutions, emphasizing real-time location tracking and transportation cost settlement services. Its product suite includes tailored quick service solutions like delivery, reservation, and taxi services, designed for consumers and small businesses. The flagship service, the 'Daegu-ro' delivery app, connects local citizens with small businesses, enhancing economic activity in Daegu and other urban areas across South Korea.In the year 2021, Insung Data reported a revenue of KRW 107,320,349 and an EBITDA of KRW 16,324,682.8, deriving income from service fees charged to businesses and consumers utilizing its logistics solutions, including delivery services and advertising opportunities within its platforms.Insung Data plans to leverage the KRW 45 billion raised in July 2021 to further develop its delivery platform business. The company is focused on enhancing its logistics offerings and expanding into new markets, particularly targeting urban areas in South Korea. The recent funding will support the development of new products and services to meet the increasing demand for efficient logistics solutions.

## Funding rounds

- Series B, Sep 18, 2018, $27M — Soo Investment Capital
- Series A, Dec 28, 2015, $1.7M — KDB Capital

## Investors

- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series A
- Soo Investment Capital (https://capitalatlas.ai/funds/soo-investment-capital) — Series B