# Spika

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.spika.co.kr
- Total disclosed funding: $1.9M
- Latest round: Series A (Feb 1, 2015)
- Investors on record: 3

## About

Based in South Korea, Spika develops advanced middleware and remote access solutions, enhancing digital media sharing and connectivity across consumer electronics and smart devices.Spika was founded in 2009 in Seoul, South Korea, specializing in technology that facilitates digital media sharing. The company raised KRW 2.1 billion in Series A funding in February 2015 from investors including 500 Global, IMM Investment, and Posco Investment. Throughout its operations, Spika has maintained a consistent focus on its core business model without significant pivots. The firm operates primarily in Asia and Europe.Spika specializes in developing DLNA middleware and remote access solutions that enhance digital media sharing and device connectivity. Their offerings facilitate seamless communication between various consumer electronics and smart devices, catering to both B2B and B2C markets. Key sectors served include home entertainment, telecommunications, and smart home technology, with clients ranging from households seeking integrated media solutions to businesses enhancing their digital infrastructures.Spika's revenue is primarily generated through business-to-business transactions, particularly through partnerships with electronics manufacturers and service providers. These partnerships typically involve licensing their proprietary DLNA middleware technology, with clients paying periodic fees based on service usage. The company also engages in direct sales of tailored software solutions for digital media management, with pricing plans adapted to each client's requirements.Looking ahead, Spika plans to enhance its product line with new offerings aimed at improving digital media management solutions. The company also aims to expand its presence in European markets by 2025. Recent funding of KRW 2.1 billion from Series A will be utilized to support these initiatives, including research and development for new products and the establishment of strategic partnerships in targeted regions.

## Funding rounds

- Series A, Feb 1, 2015, $1.9M — 500 Global, IMM Investment, Posco Investment

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A