# TeamO2 Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teamo2-co

- Industry: Transportation Services
- Headquarters: Seoul, South Korea
- Website: www.teamo2.kr
- Total disclosed funding: $11M
- Latest round: Series B (Mar 22, 2021)
- Investors on record: 7

## About

Based in South Korea, TeamO2 Co., Ltd. offers a global online-to-offline (O2O) platform service that enables users to compare rental car prices and reviews, facilitating seamless vehicle reservations.Founded in 2015 and headquartered in Seoul, South Korea, TeamO2 Co., Ltd. specializes in a car rental comparison platform. The firm has completed five deals, with its most recent funding round occurring on September 28, 2021, raising KRW 10,000.000 mn in Series B funding from investors including AION Asset Management and SK Rent-a-Car. The CEO, Sean Hong, oversees the company’s strategic initiatives, which focus on enhancing its service offerings and expanding its market reach.TeamO2 specializes in a global online-to-offline (O2O) platform service that allows users to compare rental car prices and reviews from various providers, enabling real-time vehicle reservations. Their primary product is the car rental platform, Kamoa, which serves as a comprehensive solution for both end-users and rental car companies. Kamoa offers booking services in 30 countries and 189 cities, including 23 countries in Europe and Taiwan, addressing the needs of both leisure and business travelers seeking rental options abroad. The platform supports rental agencies in effectively managing vehicle reservations and revenue through a proprietary management program, enhancing operational efficiency. TeamO2 caters to a diverse client base, including individual travelers, corporate clients, and rental car businesses across international markets.The revenue structure of TeamO2 is primarily driven by transaction fees associated with the Kamoa platform's rental car bookings. Clients, which include both end consumers and B2B partners, engage with the platform to facilitate vehicle rentals, leading to a commission-based revenue model. The company reported a cumulative transaction amount exceeding KRW 100 billion in the previous fiscal year, indicating a growth trajectory with a 61% increase in the number of bookings year-over-year. The platform operates on a direct-to-consumer basis while forming partnerships with rental car companies to enhance service offerings, capitalizing on the resurgence of global travel.In September 2021, TeamO2 Co., Ltd. raised KRW 10,000.000 mn in Series B funding, which will facilitate a strategic partnership for Kamoa and support the company's overseas expansion in the post-pandemic era. TeamO2 aims to enhance its product offerings and enter new markets by leveraging this investment, focusing on regions experiencing a recovery in travel demand.

## Funding rounds

- Series B, Mar 22, 2021, $8.8M — BonAngels Venture Partners, TBT Partners, AION Asset Management, YG Investment, Guardian Fund, SK Rent-a-Car
- Series A, Jun 26, 2019, $2.6M — TBT Partners
- Seed, Nov 1, 2018 — BonAngels Venture Partners, Korea Tech Incubator for Startup

## Investors

- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed, Series B
- Korea Tech Incubator for Startup — Seed
- TBT Partners (https://capitalatlas.ai/funds/tbt-partners) — Series A, Series B
- AION Asset Management (https://capitalatlas.ai/funds/aion-asset-management) — Series B
- YG Investment (https://capitalatlas.ai/funds/yg-investment) — Series B
- Guardian Fund — Series B
- SK Rent-a-Car — Series B