Karrot
Latest round
- Series D
Last raised
- Aug 2021
Total raised
- $194M
Investors
- 9
About Karrot
Karrot operates as a localized online marketplace in South Korea, facilitating peer-to-peer transactions for second-hand goods, real estate, and part-time jobs, fostering community engagement and sustainability., trading under the name Karrot, specializes in facilitating local transactions through its platform. The founders, Changhoon Jung and Gary Kim, have a history of entrepreneurship, with Robert Kim and Youngchul Jung currently leading the company.S. Investment. Karrot specializes in a localized online marketplace that facilitates second-hand transactions, real estate listings, used car sales, part-time work opportunities, and community engagement services. Its primary offerings include a user-friendly mobile application that allows users to buy and sell items within their neighborhoods, fostering a sense of community and sustainability through recycling. The platform caters to a diverse clientele, including individual consumers seeking to dispose of unwanted items, homeowners listing properties, and job seekers looking for part-time employment. Released initially in South Korea, Karrot has expanded its reach to other global markets, including Canada, the United States, and the United Kingdom, adapting its offerings to meet specific local needs. Karrot generates revenue through a commission-based model, receiving a percentage of transaction values from sales made on its platform. The company also implements partnerships and advertising arrangements with local businesses to promote their services to a targeted audience. Additionally, premium features or subscriptions for enhanced visibility of listings provide diversified revenue streams. For instance, a seller listing a used car can expect to pay a commission fee upon the successful transaction completion, ensuring income from facilitating sales while promoting local commerce.
Who invested in Karrot
9 investors across 4 rounds
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Questions about Karrot
Who invested in Karrot?
Karrot has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Karrot raised?
Karrot has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Karrot last raise money?
Karrot's most recent round on record is a Series D, in Aug 2021.
What does Karrot do?
Karrot operates as a localized online marketplace in South Korea, facilitating peer-to-peer transactions for second-hand goods, real estate, and part-time jobs, fostering community engagement and sustainability.
Where is Karrot headquartered?
Karrot is headquartered in Seoul, South Korea.
Which VCs invest in companies like Karrot?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back internet companies at Karrot's stage. Their profiles are linked below.
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