# Yeolmaecompany

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

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.artnguide.co.kr/
- Total disclosed funding: $22M
- Latest round: Series B (Mar 25, 2022)
- Investors on record: 16

## About

Based in South Korea, Yeolmaecompany operates a unique platform that connects art enthusiasts with a diverse array of artistic experiences, enabling access to art through innovative online solutions.Yeolmaecompany, established in 2016 in Seoul, South Korea, provides an online marketplace for art sales, consultancy, and educational workshops. The company has successfully completed five deals, with a notable Series B funding round raising KRW 17,181 mn on June 1, 2022, involving investors like Bass Ventures and Hanwha Investment & Securities. The company is led by CEO Jae-wook Kim, who has a history in the art sector.Yeolmaecompany specializes in a curated platform that connects art lovers with artistic experiences. Core offerings include an interactive online marketplace for art sales, art consultancy for collectors and businesses, and workshops aimed at enhancing art appreciation. The platform serves a variety of users, including collectors, designers, and educational institutions, and operates primarily in South Korea, Japan, and select European countries, bridging artists and buyers to promote accessibility to art.Yeolmaecompany generates revenue through a multi-faceted model encompassing both B2B and B2C elements. Revenue streams include commission fees from online art sales, consultancy service fees, and proceeds from educational workshops. Art pieces are priced based on artist reputation and complexity, while consultancy services are charged at competitive hourly rates or fixed fees, establishing a sustainable revenue model for ongoing operations and growth.Looking ahead, Yeolmaecompany aims to launch new products focused on enriching user experiences on its platform, with specific details to be disclosed closer to their release dates. The company plans to expand into new markets, targeting regions in Asia and Europe by the end of 2023. The recent Series B funding of KRW 17,181 mn will support these initiatives, enhancing product offerings and facilitating market entry, following their most recent deal in June 2022.

## Funding rounds

- Series B, Mar 25, 2022, $14M — Lotte Rental Co., Ltd., SBVA, KDB Capital, NH Investment & Securities, KB Securities, KT Investment, Bass Ventures, Hanwha Investment & Securities, Stonebridge Ventures
- Series A, Aug 27, 2021, $7.8M — Korea Development Bank, SBVA, KDB Capital, ES Investor, Bass Ventures, E&Venture Partners, Hanyang Securities, WEMADE
- Seed, Nov 1, 2017 — Korea Tech Incubator for Startup, Kingsley Ventures

## Investors

- Korea Tech Incubator for Startup — Seed
- Kingsley Ventures (https://capitalatlas.ai/funds/kingsley-ventures) — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- SBVA (https://capitalatlas.ai/funds/sbva) — Series A, Series B
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series A, Series B
- ES Investor (https://capitalatlas.ai/funds/es-investor) — Series A
- Bass Ventures (https://capitalatlas.ai/funds/bass-ventures) — Series A, Series B
- E&Venture Partners (https://capitalatlas.ai/funds/e-venture-partners) — Series A
- Hanyang Securities — Series A
- WEMADE — Series A
- Lotte Rental Co., Ltd. — Series B
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series B
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series B
- Stonebridge Ventures — Series B