# Kmong

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

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.kmong.com
- Total disclosed funding: $40M
- Latest round: Series C (Apr 29, 2021)
- Investors on record: 7

## About

Based in South Korea, Kmong is an online marketplace that connects clients with skilled professionals across various sectors such as design, IT, and marketing, facilitating a wide range of freelance services.Kmong, founded in 2012 and headquartered in Seoul, South Korea, operates as an online platform that connects enterprises with skilled freelancers for diverse services. The company has successfully executed four deals since inception, with its latest funding round, a Series C, completed on April 29, 2021, raising KRW 31.2 billion from investors including Company K Partners and Korea Development Bank. Park Ho, also the CEO, has a background in entrepreneurship, contributing to Kmong’s strategic direction and growth. The company has raised a total of KRW 31.2 billion, leading to a current valuation of KRW 206.55 billion.Kmong is a prominent online service marketplace enabling businesses and individuals to connect with professionals for various needs such as logo design, website development, and digital marketing. The platform supports direct communication between clients and freelancers, ensuring tailored solutions for projects. Kmong serves a diverse clientele, expanding its services to international users while primarily focusing on the South Korean market.In the most recent fiscal year, Kmong reported a revenue of KRW 31,508,180.2, with an EBITDA of KRW 444,077.7. The company utilizes a transaction-based revenue model, charging service fees for the hiring of professionals through its platform, thus fostering repeat business and client loyalty.Following a successful Series C funding round in April 2021, in which Kmong raised KRW 31.2 billion, the company plans to utilize these resources to establish itself as the leading 'No.1 human cloud service.' Future initiatives include the launch of new products and services aimed at bolstering its marketplace capabilities while expanding into new geographic markets, focusing on areas where demand for freelance services is growing. Specific timelines for these expansions have not been disclosed.

## Funding rounds

- Series C, Apr 29, 2021, $28M — Korea Development Bank, InterVest, Company K Partners, Mirae Asset Venture Investment, Premier Partners
- Series B, Aug 10, 2018, $9.7M — Altos Ventures, InterVest, IMM Investment, Mirae Asset Venture Investment
- Series A, Jul 20, 2017, $2.7M — Altos Ventures

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A, Series B
- InterVest (https://capitalatlas.ai/funds/intervest) — Series B, Series C
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B, Series C
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series C
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series C