# WAD

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

- Industry: Internet
- Headquarters: Seongnam, South Korea
- Website: https://biz.catchtable.co.kr
- Total disclosed funding: $58M
- Investors on record: 9

## About

Based in South Korea, WAD Corp. operates a sophisticated restaurant management platform, specifically designed to enhance reservation processes and operational efficiency for dining establishments.Founded in 2016 and headquartered in Seongnam, South Korea, WAD Corp. provides a comprehensive restaurant management solution. The company has successfully closed 6 deals, with its most recent deal occurring on July 5, 2023, during a Pre-IPO funding round where it raised KRW 30 billion, led by Company K Partners along with returning investors Altos Ventures and Woori Venture Partners, and new investor Korea Development Bank. The total amount raised by the company now stands at KRW 30 billion, with a current valuation of KRW 200 billion.CatchTable specializes in providing a comprehensive platform designed to streamline the restaurant reservation and management process. Its core offerings include an online reservation system that integrates seamlessly with existing hospitality operations, allowing restaurants to manage bookings efficiently. This service addresses common pain points in customer management, such as overbooking and waitlist handling, thereby enhancing the customer experience in dining establishments. CatchTable's solutions are tailored for a diverse clientele, including high-end restaurants, casual dining venues, and hotels, primarily in major urban markets such as Seoul, Tokyo, and New York.CatchTable generates revenue through a subscription-based model that allows restaurant clients to access their reservation management system. The pricing structure is designed to cater to different tiers of service, with individual pricing plans reflecting the range of features available, such as advanced analytics and customer engagement tools. Clients pay a monthly fee for the services provided, ensuring steady revenue streams and fostering long-term relationships with the dining establishments that rely on CatchTable's technology.In July 2023, WAD Corp. raised KRW 30 billion in pre-IPO funding to support its expansion plans. The company aims to launch new features within its platform to improve functionality and is targeting expansion into new markets, with a focus on increasing its presence in major Asian cities and potential markets in North America by late 2024. The recent funding will facilitate the development of these upcoming products and assist in establishing partnerships in these new regions.

## Funding rounds

- Round, Nov 3, 2026, $22M
- Series C, Apr 13, 2022, $24M — Altos Ventures, WOORI Venture Partners, Korea Investment Partners, Company K Partners, Orion Capital Management
- Series B, Apr 21, 2021, $8.4M — InterVest, WOORI Venture Partners, DSC Investment, Devsisters Ventures
- Series A, Aug 16, 2019, $2.6M — WOORI Venture Partners, Korea Investment Partners, DSC Investment, Hyundai Investment Partners, Devsisters Ventures

## Investors

- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A, Series B, Series C
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A, Series C
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A, Series B
- Hyundai Investment Partners (https://capitalatlas.ai/funds/hyundai-investment-partners) — Series A
- Devsisters Ventures (https://capitalatlas.ai/funds/devsisters-ventures) — Series A, Series B
- InterVest (https://capitalatlas.ai/funds/intervest) — Series B
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series C
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series C
- Orion Capital Management (https://capitalatlas.ai/funds/orion-capital-management) — Series C