# Looxidlabs

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

- Industry: Healthcare IT
- Headquarters: South Korea
- Website: www.looxidlabs.com
- Total disclosed funding: $3.6M
- Latest round: Series B (Nov 3, 2021)
- Investors on record: 7

## About

Looxidlabs, based in South Korea, focuses on developing innovative technology solutions that enhance user experience across digital platforms, particularly through advanced software applications for data analytics.Founded in 2015, Looxidlabs specializes in technology solutions aimed at optimizing data analytics. The company has executed 7 deals, with its most recent funding round occurring on November 3, 2021. Looxidlabs is led by CEO Yong-wook Chae, who has been integral in its operational strategy. The company raised KRW 3,000.00 mn in its latest funding round from Hanwha Investment & Securities, bringing the total amount raised to KRW 3,000.00 mn.Looxidlabs specializes in innovative technology solutions aimed at enhancing user experiences across various digital platforms. Their core product offerings include advanced software applications designed to optimize data analytics and visualizations for businesses. These applications cater primarily to sectors such as marketing, finance, and e-commerce, providing tools that help clients leverage data for strategic decision-making. The end-use cases focus on enabling companies to gain actionable insights from large datasets, thus improving operational efficiencies and customer engagement. Looxidlabs serves a diverse client base, including small to medium-sized enterprises (SMEs) and established corporations, with products distributed primarily in North America and Europe, addressing the needs of a rapidly evolving tech-savvy market.The revenue generation model of Looxidlabs revolves around subscription-based services and partnership agreements with clients. Businesses typically engage with Looxidlabs through annual or monthly subscription plans that grant them access to the suite of software applications offered. This transaction structure facilitates predictable revenue streams, allowing clients continuous access to updates and support services. Flagship products are often bundled into tiered pricing plans, enhancing value for users while catering to various business sizes and requirements. With a focus on B2B transactions, Looxidlabs maintains a streamlined process for onboarding clients, ensuring that companies can quickly integrate their solutions into existing workflows, thus fostering long-term business relationships.Looxidlabs plans to launch several new products aimed at enhancing their data analytics capabilities, although specific release dates are not provided. The company is targeting expansion into new markets, particularly within Asia and Europe, by the end of 2023. The recent funding of KRW 3,000.00 mn will support these initiatives, enabling the development of new technologies and facilitating market entry strategies.

## Funding rounds

- Series B, Nov 3, 2021 — Insight Equity Partners
- Series A, Nov 12, 2018, $3.5M — Samsung Venture Investment, Daesung Private Equity, Sejong Venture Partners, Hastings Asset Management
- Seed, Feb 9, 2015, $0.1M — FuturePlay
- Seed, Feb 1, 2015 — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Series A
- Sejong Venture Partners — Series A
- Hastings Asset Management — Series A
- Insight Equity Partners (https://capitalatlas.ai/funds/insight-equity-partners) — Series B