# Jocoos

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.jocoos.com
- Total disclosed funding: $5.5M
- Latest round: Series B (Dec 15, 2021)
- Investors on record: 9

## About

Based in South Korea, Jocoos is a research and development company specializing in advanced video technology solutions, providing innovative Software as a Service (SaaS) products for transcoding, streaming, and editing for various platforms.Founded in 2012 in Seoul, South Korea, Jocoos focuses on video technology solutions. The company has raised a total of KRW 5.5 billion in funding, with the latest Series B round completed on December 15, 2021, led by Kiwoom Investment and supported by GS Retail, KB Securities, Korea Asset Investment Securities, Sejong Venture Partners, and Solidus Investment. The CEO, Changhoon Choi, has not been reported to have founded other companies previously.Jocoos primarily offers advanced Software as a Service (SaaS) products focused on video technology, including transcoding, real-time streaming, and video editing solutions tailored for both mobile and web environments. Their flagship product, FlipFlop, enables seamless video playback across all mobile devices by employing transcoding technology that significantly compresses video files for efficient storage and transmission. The company’s solutions cater to sectors such as Over-The-Top (OTT) services, real-time broadcasting, live commerce, and virtual and augmented reality applications. Notable offerings like FlipFlop Webinar facilitate high-resolution, low-latency video meetings, while Vicollo Webinar enhances the online meeting experience for users seeking reliable communication tools. Jocoos serves clients across North America, Europe, and Asia, addressing the needs of businesses engaged in video-related services.Jocoos generates revenue through subscription-based models and direct partnerships with enterprises requiring video technology solutions. Clients, including media companies, educational institutions, and e-commerce platforms, can select from various service tiers based on their specific needs. The pricing structure includes multiple plans for flagship products like FlipFlop and Vicollo Webinar, designed to accommodate both small businesses and large enterprises. Revenue transactions typically occur on a recurring basis, allowing for predictable revenue streams. Jocoos focuses on B2B transactions to foster long-term partnerships with clients, reflecting its intent to deliver innovative solutions in the video technology landscape.In December 2021, Jocoos Co., Ltd. raised KRW 5.5 billion in Series B funding, led by Kiwoom Investment. The new investment will support Jocoos in conducting more domestic and overseas sales. The company aims to expand its offerings with new products and enhance its presence in international markets, although specific product releases or additional regions targeted for growth have not been disclosed.

## Funding rounds

- Series B, Dec 15, 2021, $4.6M — Solidus Investment, Kiwoom Investment, Sejong Venture Partners, KB Securities, GS Retail, Korea Asset Investment Securities
- Series A, Feb 12, 2018, $0.9M — WOORI Venture Partners
- Seed, Nov 21, 2014 — BonAngels Venture Partners, Korea Tech Incubator for Startup

## Investors

- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed
- Korea Tech Incubator for Startup — Seed
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A
- Solidus Investment (https://capitalatlas.ai/funds/solidus-investment) — Series B
- Kiwoom Investment (https://capitalatlas.ai/funds/kiwoom-investment) — Series B
- Sejong Venture Partners — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B
- GS Retail — Series B
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series B