# WEFUN

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: http://www.wefuncorp.com
- Total disclosed funding: $26M
- Latest round: Series C (May 25, 2023)
- Investors on record: 8

## About

Based in Seoul, South Korea, and founded in 2018 by CEO Kim Heon, Wefun Co., Ltd. provides a B2B online platform for the employees’ welfare of the customer company. In 2018, the company initially offered Snack24 services, which provide snack management services. In April 2021, Wefun Co., Ltd. raised KRW 8.5 billion in series B funding from investors Donghoon Investment, NAU IB Capital, NH Bank, NICE Investment Partners, UTC Investment, Spring Camp, and Strong Ventures. In May 2023, WEFUN INC.raised KRW 20 billion in series C funding from new investor Korea Development Bank, with participation from returning investors NICE Investment Partners, NH Bank, NAU IB Capital, and Donghoon Investment.

The company offers Snack 24, follow-up service brands such as Birthday, Breakfast, Book, and Consultation services to improve corporate employee work environments and work-life balance. In addition, the company also provides comprehensive project management software with a user-friendly interface and customizable features that enable teams to collaborate efficiently, streamline workflows, and meet project deadlines with ease. The firm also offers space management services, such as real estate, interior, door-to-door, and cleaning.

## Funding rounds

- Series C, May 25, 2023, $15M — Korea Development Bank, NH Bank, NAU IB Capital, Dong Hoon Investment, NICE Investment Partners
- Series B, Apr 26, 2021, $7.6M — NH Bank, Strong Ventures, UTC Investment, NAU IB Capital, Dong Hoon Investment, Spring Camp, NICE Investment Partners
- Series A, Dec 16, 2019, $3M — Strong Ventures, NAU IB Capital, Spring Camp

## Investors

- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Series A, Series B
- NAU IB Capital (https://capitalatlas.ai/funds/nau-ib-capital) — Series A, Series B, Series C
- Spring Camp (https://capitalatlas.ai/funds/spring-camp) — Series A, Series B
- NH Bank — Series B, Series C
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series B
- Dong Hoon Investment (https://capitalatlas.ai/funds/dong-hoon-investment) — Series B, Series C
- NICE Investment Partners (https://capitalatlas.ai/funds/nice-investment-partners) — Series B, Series C
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C