# Tumblbug

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

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.tumblbug.com
- Total disclosed funding: $1.6M
- Latest round: Series A (May 21, 2015)
- Investors on record: 4

## About

Tumblbug is a crowdfunding platform that empowers creators by connecting them with backers to fund artistic and innovative projects across various domains such as art, design, technology, and film.Tumblbug is a crowdfunding platform that facilitates project funding for creators. The company is headquartered in Seoul, South Korea. It has undergone significant developments, including a recent acquisition by Backpackr in June 2020. The platform has raised a total of KRW 1,700.00 mn through its latest funding round, a Series A, with investments from DCM, Naver Corp., and Strong Ventures. The platform has completed a total of 4 deals since its establishment.??? is a prominent crowdfunding platform tailored specifically for creators, facilitating the realization of artistic and innovative projects. The core offering is a digital marketplace that connects creators with potential backers, enabling individuals and teams to secure funding for diverse projects, including art, design, technology, film, and music. These projects are launched through campaigns where creators present their ideas, set funding goals, and offer rewards to backers. The platform primarily serves creators, entrepreneurs, and artists who seek financial support, as well as backers who are interested in engaging with unique cultural and creative endeavors. While the platform primarily operates in South Korea, it has garnered attention from international creators and supporters, expanding its influence beyond national borders.The revenue model for ??? is predominantly based on a commission structure, where the platform retains a percentage of the funds raised through successful campaigns. Creators launch their projects, and upon reaching the funding goal, the funds are transferred to them, minus the platform's commission. Customers of the service include both creators who utilize the platform to fund their projects and backers who contribute financially in exchange for various rewards tied to the projects. The platform also offers additional services and features that may include promotional tools or enhanced visibility for campaigns, creating opportunities for increased engagement. Each project typically has distinct funding targets and offers a range of backer rewards, which can include early access to products, exclusive merchandise, or personalized experiences related to the project.In the wake of its acquisition by Backpackr, Tumblbug is strategizing its growth by focusing on expanding its operations and enhancing its service offering. The funding raised in the Series A round will be instrumental in supporting new product development and expanding into additional markets. Specific regions for growth have not been disclosed, but the platform aims to leverage international interest in crowdfunding. Furthermore, the company is likely to innovate its platform to attract more creators and backers, enhancing user engagement and experience.

## Funding rounds

- Series A, May 21, 2015, $1.6M — DCM, Strong Ventures, Naver
- Seed, Jul 25, 2014 — Strong Ventures
- Seed, Jan 1, 2013, $0M — Sopoong Ventures

## Investors

- Sopoong Ventures (https://capitalatlas.ai/funds/sopoong-ventures) — Seed
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Seed, Series A
- DCM (https://capitalatlas.ai/funds/dcm) — Series A
- Naver — Series A