# TMON Co.

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

- Industry: Retail
- Headquarters: Seoul, South Korea
- Website: www.tmon.co.kr
- Total disclosed funding: $11M
- Latest round: Series B (Jan 24, 2011)
- Investors on record: 2

## About

TMON Co., Ltd. is a South Korean e-commerce platform that connects consumers with sellers, offering a diverse range of discounted products across various categories, ensuring a comprehensive shopping experience.Founded in 2010 and headquartered in Seoul, South Korea, TMON Co., Ltd. operates as an e-commerce platform facilitating transactions between buyers and sellers. In September 2022, it was fully acquired by Qoo10 Pte. Ltd., a portfolio company of Corstone Asia. The company has engaged in 13 deals, with its most recent transaction recorded on September 2, 2022. Its latest funding round was a VENTURE DEBT round, where it raised KRW 305,000 mn, led by PSAlliance, along with investments from Anchor Equity Partners and KKR. TMON has successfully raised a total of KRW 20,001.796 mn to date.TMON offers a wide variety of products, including fashion, beauty, home goods, food, and electronics, focusing on discounted items through a marketplace model where sellers list their goods. This platform is designed to connect buyers directly with sellers, enhancing the shopping experience for price-sensitive consumers. While primarily catering to the South Korean market, TMON also extends its reach through strategic partnerships and promotions to engage customers from different regions.In the most recent fiscal year of 2024, TMON reported a revenue of KRW 38,603,030.8 with an EBITDA of KRW -183,012,967.9. The company's revenue model is based on commissions from transactions facilitated through its platform, where sellers pay a percentage of the sale price, contributing to TMON’s revenue stream.Following the acquisition by Qoo10 Pte. Ltd., TMON intends to leverage recent funding to explore new product offerings and expand into additional markets. The company is focusing on enhancing its platform capabilities and improving user experience. Specific expansion targets have not been disclosed, but the backing of Qoo10 is expected to facilitate entry into broader Asian markets in the near future.

## Funding rounds

- Series B, Jan 24, 2011, $8.1M — Insight Partners, Stonebridge Capital
- Series A, Sep 4, 2010, $2.8M — Insight Partners, Stonebridge Capital

## Investors

- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A, Series B
- Stonebridge Capital (https://capitalatlas.ai/funds/stonebridge-capital) — Series A, Series B