# MONKi

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

- Industry: Travel & Leisure
- Headquarters: Seoul, South Korea
- Website: www.monki.net
- Total disclosed funding: $21M
- Latest round: Series B (Dec 28, 2021)
- Investors on record: 3

## About

MONKi, based in South Korea, develops digital restaurant solutions that enhance operational efficiency through innovative technology.Founded in 2017 and headquartered in Seoul, South Korea, MONKi specializes in digital solutions for the restaurant industry. The company has completed three funding deals, with the latest being a Series B round in December 2021, where it raised KRW 23 billion led by DS Asset Management and Shinhan Venture Investment. The founder's background isn't specified, but the firm has shown a commitment to developing its product offerings.MONKi focuses on delivering digital solutions specifically tailored for the restaurant sector. Its core offerings consist of software applications designed to streamline operations and improve data management for various restaurants. The products utilize advanced algorithms to enhance decision-making and provide insights through data analytics, catering to a wide range of end-users including small and medium-sized enterprises as well as larger corporations.MONKi generates its revenue through subscription-based models and licensing agreements. Clients can subscribe to its software services under tiered pricing plans that accommodate varying levels of functionality. Additionally, the company has partnerships with retailers and wholesalers to distribute its products, thereby creating multiple revenue streams that align with clients' needs and budgets.In December 2021, MONKi secured KRW 23 billion in Series B funding, which will be utilized to enhance its digital solutions in the restaurant industry. The company plans to introduce new products aimed at improving operational efficiencies within this sector. Future expansion strategies include targeting new geographic markets for their offerings, although specific regions have not been detailed.

## Funding rounds

- Series B, Dec 28, 2021, $19M — Shinhan Venture Investment, Humax, DS Asset Management
- Series A, Feb 20, 2020, $1.9M — Humax, DS Asset Management
- Series A, Dec 1, 2019 — Humax, DS Asset Management

## Investors

- Humax — Series A, Series B
- DS Asset Management (https://capitalatlas.ai/funds/ds-asset-management) — Series A, Series B
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B