# Seoul Auction Blue Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/seoul-auction-blue-co

- Industry: Consumer Services
- Headquarters: Seoul, South Korea
- Website: www.auctionblue.com
- Total disclosed funding: $7.2M
- Latest round: Series A (Sep 22, 2018)
- Investors on record: 2

## About

Seoul Auction Blue Co., Ltd. specializes in fractional art investment, providing a digital platform that empowers individuals to invest in high-value artworks through shared ownership, thereby democratizing access to the art market.Founded in 2016 and headquartered in Seoul, South Korea, Seoul Auction Blue Co., Ltd. focuses on facilitating fractional ownership of artworks. The company has engaged in 5 total deals, with its most recent funding round occurring on June 1, 2022, raising KRW 7999.943 mn from investors including Krafton and Pactum PE. The company is led by CEO Jung-bong Lee.Seoul Auction Blue Co., Ltd. offers a platform for fractional art investment, allowing users to buy shares in curated artworks through the SOTWO mobile application. This service opens up the art market to a wider audience, catering to both novice investors and seasoned collectors by ensuring a selection of high-value artworks sourced from established and emerging artists.In the most recent financial year, 2024, Seoul Auction Blue Co., Ltd. reported a revenue of KRW 18564544.5 and an EBITDA of KRW -1317111.5, highlighting the company's operational results in the fractional art investment sector.Seoul Auction Blue Co., Ltd. aims to introduce new features and products to its platform, with specific plans to expand into international markets targeting art investors by 2025. The recent funding of KRW 7999.943 mn will support these expansion efforts and the development of new product offerings. In 2022, Korea Investment Partners and KDB Capital exited their stake in the company, marking a transition in its ownership structure.

## Funding rounds

- Series A, Sep 22, 2018, $2.7M — KDB Capital
- Series A, Jul 27, 2018, $4.5M — Korea Investment Partners

## Investors

- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series A