# Korbit

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

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.korbit.co.kr
- Total disclosed funding: $53M
- Latest round: Series B (Feb 1, 2022)
- Investors on record: 9

## About

Korbit, Inc. is a leading virtual asset exchange in South Korea, facilitating the trading of cryptocurrencies like Bitcoin, Ethereum, and Solana. The platform offers innovative trading solutions and automated features to enhance user engagement.Founded in 2013 and headquartered in Seoul, South Korea, Korbit, Inc. specializes in cryptocurrency trading. The company has successfully completed seven deals, with its latest funding round being a Series B on February 1, 2022, raising KRW 59.9 billion from investors including SK Square CO., LTD and Alpha Asset Management. CEO Sejin Oh has a history in the tech industry, enhancing Korbit’s capabilities in virtual asset exchange.Korbit offers a comprehensive platform for cryptocurrency trading, including popular digital currencies such as Bitcoin, Ethereum, XRP, and Solana. The exchange features automated trading options and rewards programs that incentivize users for holding assets, aimed at enhancing overall user experience and engagement.In 2024, Korbit reported a revenue of KRW 6,400,413.70, with an EBITDA of -KRW 12,107,807.50, indicating the financial dynamics of the trading platform as it navigates the cryptocurrency market.Following its Series B funding in February 2022, Korbit plans to enhance its product offerings and expand into new markets. The company aims to introduce innovative trading products by late 2024, targeting international regions including Southeast Asia. The recent funding will support these initiatives and further improve their trading infrastructure.

## Funding rounds

- Series B, Feb 1, 2022, $50M — Alpha Asset Management, SK Square
- Series A, Aug 23, 2014, $3M — SBVA, Strong Ventures, Digital Currency Group, Pantera Capital, BAM Ventures
- Seed, Sep 12, 2013, $0.1M — Strong Ventures, SK Planet, Banks Foundation for Young Entrepreneurs

## Investors

- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Seed, Series A
- SK Planet — Seed
- Banks Foundation for Young Entrepreneurs — Seed
- SBVA (https://capitalatlas.ai/funds/sbva) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- BAM Ventures (https://capitalatlas.ai/funds/bam-ventures) — Series A
- Alpha Asset Management (https://capitalatlas.ai/funds/alpha-asset-management) — Series B
- SK Square — Series B