# Monolith

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/monolith-2

- Industry: Travel & Leisure
- Headquarters: Jeju, South Korea
- Website: www.monolith.co.kr
- Total disclosed funding: $31M
- Latest round: Series C (Apr 25, 2019)
- Investors on record: 9

## About

Founded in 2014 in Jeju, South Korea, Monolith Inc. focuses on creating advanced recreational spaces. In August 2025, Monolith Inc., a portfolio company of Bokwang Venture Capital, Coolidge Corner Investment, DSC Investment, UTC Investment, SJ Investment Partners, ISU Venture Capital, ES Investor, Murex Partners, ValueSystem Investment Management, Harang Invest, Infinitum Partners, DS Asset Management, and K Bridge Ventures, merged into Daesung Fine Tech Co., Ltd. The founders, Jongseok Kim and Na-young Kim, have laid a strong foundation for the company, which is led by CEO Brian Richardson Cogeco. The total amount raised by Monolith to date is KRW 7.5 billion, reflecting its strategic growth initiatives.Monolith Inc. specializes in the development and operation of innovative smart parks, enhancing the essence of play with technologies and immersive experiences. Their flagship offering, the 9.81 Park, aims to promote engagement for all ages, attracting families, tourists, and local residents. These smart parks not only provide recreational spaces but also foster social interaction and technological integration.In 2023, Monolith Inc. reported revenue of KRW 11,011,102.4 from various channels linked to its smart park offerings. Revenue transactions are driven primarily by direct consumer sales, including ticket sales, merchandise, and event participation, along with strategic partnerships to enhance market reach and revenue potential.The August 2025 merger of Monolith Inc. into Daesung Fine Tech Co., Ltd. aims to support the new company in bolstering the development of theme park attractions, expanding its business scope into leisure infrastructure operations, and scaling enterprise value.

## Funding rounds

- Series C, Apr 25, 2019, $14M — Bokwang Venture Capital, UTC Investment, ISU Venture Capital, Murex Partners, K Bridge Ventures
- Series B, Dec 5, 2017, $15M — Bokwang Venture Capital, Coolidge Corner Investment, DSC Investment, UTC Investment, SJ Investment Partners, ES Investor
- Series A, Jul 29, 2016, $2.7M — Coolidge Corner Investment, DSC Investment, UTC Investment

## Investors

- Coolidge Corner Investment (https://capitalatlas.ai/funds/coolidge-corner-investment) — Series A, Series B
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A, Series B
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series A, Series B, Series C
- Bokwang Venture Capital (https://capitalatlas.ai/funds/bokwang-venture-capital) — Series B, Series C
- SJ Investment Partners (https://capitalatlas.ai/funds/sj-investment-partners) — Series B
- ES Investor (https://capitalatlas.ai/funds/es-investor) — Series B
- ISU Venture Capital (https://capitalatlas.ai/funds/isu-venture-capital) — Series C
- Murex Partners (https://capitalatlas.ai/funds/murex-partners) — Series C
- K Bridge Ventures — Series C