# MyFranchise

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

- Industry: Information Services
- Headquarters: Seoul, South Korea
- Website: www.myfranchise.kr
- Total disclosed funding: $10M
- Latest round: Series B (Jun 2, 2022)
- Investors on record: 9

## About

Based in South Korea, MyFranchise, Inc. provides innovative franchise solutions that help businesses establish and expand their franchise operations, offering comprehensive management software and training programs to enhance profitability.Founded in 2019 and headquartered in Seoul, South Korea, MyFranchise, Inc. specializes in franchise solutions. The company has successfully secured KRW 9.5 billion in Series B funding on June 2, 2022, led by Woori Venture Partners and supported by multiple investors. The CEO, Clay Kim, oversees operations while founder Suhyuk Kang continues to influence the strategic direction of the firm.MyFranchise, Inc. offers a suite of franchise solutions including franchise management software, training programs, and operational guidance aimed at supporting small to medium-sized enterprises. Their services are designed to streamline processes and enhance profitability for franchise owners, particularly in Southeast Asia and parts of Europe.The revenue model comprises a combination of subscription-based services and direct partnerships with franchise businesses. Clients pay monthly or annual fees for access to the franchise management platform, with additional revenue generated from consulting services for tailored support and training. Their flagship product, the Franchise Management Suite, includes various features to improve operational efficiency.In June 2022, MyFranchise, Inc. raised KRW 9.5 billion in Series B funding to enhance its platform and expand its workforce. The funding will be utilized for increasing staff recruitment and upgrading their technology. The company plans to launch new products aimed at enhancing user experience and efficiency, while also targeting growth in new geographical markets.

## Funding rounds

- Series B, Jun 2, 2022, $7.6M — WOORI Venture Partners, IMM Investment, Kolon Investment, Company K Partners, Laguna Investment, Naver D2 Startup Factory, Breeze Investment
- Series A, Nov 26, 2020, $2.7M — Company K Partners, Laguna Investment
- Seed, Dec 1, 2019 — BonAngels Venture Partners, Naver D2 Startup Factory, KIMGISA LAB

## Investors

- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Seed, Series B
- KIMGISA LAB — Seed
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A, Series B
- Laguna Investment (https://capitalatlas.ai/funds/laguna-investment) — Series A, Series B
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series B
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series B
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series B
- Breeze Investment (https://capitalatlas.ai/funds/breeze-investment) — Series B