# PEERNINE

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.peernine.co.kr
- Total disclosed funding: $0.9M
- Latest round: Series A (Oct 14, 2020)
- Investors on record: 3

## About

PeerNine is a South Korean company specializing in innovative digital solutions that enhance user engagement and operational efficiency for diverse business sectors.Founded in 2018 by Kwang-soo Ahn, PeerNine operates out of Seoul, South Korea, focusing on delivering digital solutions. The company has successfully completed two deals, with its most recent funding round, a Series A, occurring on October 14, 2020, where it raised KRW 500 million from investors including POSCO Investment, Shinhan Bank, and Square Ventures. The company does not have any subsidiaries or parent companies.PeerNine specializes in providing innovative digital solutions aimed at enhancing user engagement and operational efficiency across various sectors. The company’s core offerings include a range of software applications designed to facilitate seamless communication and collaboration among businesses and their clients. These products are tailored to address specific use cases such as project management, customer relationship management, and data analytics, allowing organizations to optimize their workflows and make informed decisions. PeerNine serves various customer segments, including small to medium-sized enterprises and large corporations across multiple industries such as technology, finance, and healthcare. Geographically, their products penetrate markets in North America, Europe, and parts of Asia, focusing on delivering localized solutions that cater to the unique needs of clients in these regions.PeerNine generates revenue through a multi-faceted transactional structure, primarily leveraging subscription-based models for its software offerings. Clients typically engage in annual or monthly subscription agreements, providing them with continuous access to the company's suite of products and regular updates. This model encourages long-term partnerships while allowing clients to scale their usage according to their business needs. The company also explores B2B arrangements, where services are offered directly to enterprises, facilitating bulk licensing agreements that enhance overall profitability. While specific pricing details for individual products or services are not disclosed, the company’s flagship offerings are designed to deliver high value, ensuring that clients recognize significant returns on their investments.With the KRW 500 million raised in the Series A funding round on October 14, 2020, PeerNine plans to further develop its software offerings and expand into new markets. Specific focus is on enhancing existing products and launching new solutions that cater to the evolving needs of their clients. The company aims to penetrate additional markets in Asia and Europe by the end of 2022, utilizing the recent funds to support product development and market entry initiatives.

## Funding rounds

- Series A, Oct 14, 2020, $0.4M — Posco Investment, Shinhan Bank, Square Ventures
- Seed, Nov 1, 2019, $0.4M — Shinhan Bank, Square Ventures

## Investors

- Shinhan Bank — Seed, Series A
- Square Ventures (https://capitalatlas.ai/funds/square-ventures) — Seed, Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A