# SPIDERLAB

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

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.woodo.kr
- Latest round: Seed (May 1, 2021)
- Investors on record: 2

## About

SPIDERLAB is a South Korean company dedicated to enhancing literacy through innovative library management solutions, providing access to a wide array of books tailored for diverse age groups and language proficiencies.Founded in 2019 and headquartered in Seoul, South Korea, SPIDERLAB specializes in library management solutions that support reading and literacy. The company has secured venture funding, raising KRW 1 billion from Smart Study Ventures in August 2022. The founder's details are not disclosed in available information.SPIDERLAB offers a range of products focused on promoting reading and literacy through its B2B platform. This platform provides access to a variety of books categorized by language and age group, serving preschoolers to adults. Their offerings include Korean and English books segmented by proficiency levels, along with features like tailored searches and rental tracking to enhance user experience. The services primarily target educational institutions in South Korea, although they hold potential for expansion into broader Asian markets.The company's revenue model is built on subscription and rental services aimed at educational institutions and consumers. SPIDERLAB generates income through B2B transactions where schools and libraries subscribe to its platform, alongside one-time rental fees for specific titles. Pricing plans accommodate various client needs, with tiered packages offering different access levels based on institution requirements. Partnerships with retailers and wholesalers may also diversify revenue streams.SPIDERLAB aims to leverage the recent funding raised in August 2022 to enhance its offerings and expand its market presence. The company plans to introduce new products designed to improve user engagement by mid-2023. Additionally, SPIDERLAB is targeting expansion into other Asian markets, with a focus on launching operations by the end of 2023, aiming to broaden access to its literacy solutions.

## Funding rounds

- Seed, May 1, 2021 — Kakao Ventures, Korea Tech Incubator for Startup

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Korea Tech Incubator for Startup — Seed