2016 Startup Investment Trends in Korea: Monthly Deals, Amounts, and Major Investments

2016
Startup Investment Trends
in Korea
COPYRIGHT 2017 Platum Inc. ALL RIGHTS RESERVED
Apr. 2017 Issued by Platum

Basic data used in the 2016 Startup Investment Trends in Korea
1. 2016 investment and M&A: 369 (investment ‒ 347, M&A ‒ 22)
2. Investment startup in 2016 (Investee Co.): 313 companies (232 full disclosure, 5 partial disclosure, and 76 non-disclosure)
3. Investment companies participating in 2016: 249 companies (based on business name disclosure)
* Definition of startup: "A company with a business model that is expected to grow rapidly based on new ideas or technologies. It may be a company that is listed on the stock market
or has not yet merged into a large company." (Part of this definition was borrowed from the definition of startup alliance.)
* Companies that received more than 2 investments during the year are calculated by applying the total cumulative investment amount (partial disclosure included).
* The investment scale graph was calculated based on investments in 237 companies that disclosed their amounts (full or partial disclosure).
* The age of a business is based its age in Dec. 2016.
* Excluded investments: Investments after acquisition (e.g. Kakao subsidiary Podotree investment of $106.5M) / Startup support company (e.g. Future Play $2.6M) /
Large company subsidiary (e.g. GS Plus subsidiary, 29CM $2.6M) / Companies outside the startup phase (e.g. Ticket monster $40M)
* In the case of joint investment, most individual investment amounts were not disclosed. Therefore, only data for investment participation and total investment scale was available.
Platum always supports the growth and development of entrepreneurs and enterprisers.
Startup’s Story Platform, Platum
COPYRIGHT 2017 Platum Inc. ALL RIGHTS RESERVED
This report summarizes the monthly investment trends of 2016, current investment by their scale, current investment
by industry and business’s age, investor status, and annual M&A status based on 347 startup investment deals and
22 M&A deals made in 2016.
This report is based on official deals made last year and some VC public data.
Unlisted investments are not included in this report’s scope.

CONTENTS PART 1 2016 Startup Investment - Monthly Trends
PART 2 2016 Startup Investment - Status by Investment Scales
PART 3 2016 Startup Investment - Status by Age of Business
PART 4 2016 Startup Investment - Status by Industry Sector
PART 5 2016 Startup Investment - Status by Investors
PART 6 2016 Startup M&A status
Appendix. 2014 – 2016 Startup Cumulative Investments
2016 Startup Investment Trends in Korea

PART 1
2016 Startup Investment
- Monthly Trends
4

1-1. 2016 Monthly Startup Investment Trends
2016 Startup Investment Trends in Korea ㅣ PART 1. 2016 Startup Investment – Monthly Trends
• Total of investments in Korean startups in 2016: 347
• 2016 total investment: $870.7M
• Maximum number of investments: Dec. (52) / minimum number: Feb. (17)
• Highest investment: Dec. ($186.9M)
• Monthly average of 29 investments
0
40
80
120
160
200
240
0
10
20
30
40
50
60
Jan. Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Oct. Nov. Dec.
Number of Deals Investment Amount($M)
186.9
49.2
41
48.2
110.7
60.2
77.3
29.7
128.8
19.5
44.6
74.6
52
28
21
30
2728
24
27
33
20
17
40
74.6
44.6
19.5
128.8
29.7
77.3
60.2
110.7
48.2
41
49.2
186.9
2016 Monthly Startup Investment Overview 2016 Monthly Startup Investment Amount and Figures
Investment Amount
($M)
Number of Deals
Total Amount Disclosed Amount Undisclosed
Jan. 74.6 40 31 9
Feb. 44.6 17 13 4
Mar. 19.5 20 14 6
Apr. 128.8 33 26 7
May. 29.7 27 18 9
Jun. 77.3 24 18 6
Jul. 60.2 28 23 5
Aug. 110.7 27 20 7
Sep. 48.2 30 26 4
Oct. 41 21 16 5
Nov. 49.2 28 22 6
Dec. 186.9 52 36 16
Sum 870.7 347 263 84
5

Second Half: $496.2M
Disclosed Investments:
143 deals
1-2. 2016 Startup Investment Trends (First/Second Half Comparison)
First Half: 161 deals
Amount Disclosed: 120 deals
Non-disclosed: 41 deals
Second Half: 186 deals
Amount Disclosed: 143 deals
Non-disclosed: 43 deals
First Half: $374.5M
Disclosed Investments:
120 deals
Startup First/Second Half Comparison of Investment Deals
Total Number of Deals: 347
Startup First/Second Half Investment Amount Comparison
Total Investment: $870.7M
• 54% of the total number of investments and 57% of the total investment amount were attracted during the second half of the year.
• When comparing the number of ﬁrst/second half investments, 186 out of 347 cases (54%) were made in the second half.
• Of the $870.7M total, $496.2M (57%) was invested in the second half
• Dec. investment amounted to $186.9M, accounting for 22% of the total investment.
• In Dec., the total number of investments greater than $10M was 6 (about 32% compared to 19 investments totaling more than $10M in 2016),
with larger investments compared to that of the other months.
Dec.
15%
Nov.
8%
Oct.
6%
Sep.
9%
Aug.
8% Jul.
8%
Jun.
7%
May.
8%
Apr.
10%
Mar.
6%
Feb.
5%
Jan.
12%
54%
46%
Dec.
21%
Nov.
6%
Oct.
5%
Sep.
6%
Aug.
13%
Jul.
7%
Jun.
9%
May.
3%
Apr.
15%
Mar.
2%
Feb.
5%
Jan.
9%
57%
43%
6

0
10
20
30
40
50
60
52
28
21
30
2728
24
27
33
20
17
40
2728
20
25
1920
25
1414
17
11
13
2015 2016
0
40
80
120
160
200
74.6
44.6
19.5
128.8
29.7
77.3
60.2
110.7
48.2
41
49.2
186.9
48.4
12.2
66.6
12.4
29.2
48.5
60.5 63.4
34.8
46.9
139.3
131.1
2015($M) 2016($M)
Yello Mobile
$47.2M
SOCAR $55.3M
YAP Company
$35.7M
RGP Korea $35M
2015 - 2016 Comparison of Number of Monthly Deals 2015 - 2016 Comparison of Monthly Startup Investments
• There were 347 investments in 2016, a 49% increase compared to the previous year's ﬁgure of 233.
• The total amount of investment in 2016 was $870.7M, which is 23% higher than $695.4M in 2015.
• Investment in January, April, and December increased signiﬁcantly compared to that of 2015, and the Apr. investment in 2016 was the largest increase (YoY).
• Maximum investment: Aug. 2016, Memebox $66M (Nov. 2015, SOCAR $55.3M)
1-3. Comparisons of 2015 - 2016 Monthly Startup Investment Trends
Woowa Brothers $50M
+
+
Memebox $60M
Memebox $66M
Lezhin Entertainment
$43M
7

Jan. Company Name Amount ($M) Investors
1 My Music Taste 10
SoftBank Ventures Korea, (U.S) Formation Group, Bokwang Investment,
Samsung Investment, (China) DT Capital
2 8Percent 8.6 KG Inicis
3 Estmob (Send Anywhere) 6 (Japan) Rakuten Ventures
4 Intocell 5.2
Stonebridge Capital, Atinum Partners, Partners Investment,  
K-Net Investment Partners, Seoul Investment Partners
5 Honeybees (Ddingdong) 4.7 IBK Capital, Hana Financial Investment, Angel investor
6 Qeexo 4.5 KTB Network, (Taiwan) Inventec, (U.S) Sierra Ventures, (U.S) Danhua Capital
7 Genoplan 4.3
SoftBank Ventures Korea, Samsung Venture Investment, Wonik Investment
Partners
8 Kongdoo Company 3.1 Stick Investment, K Cube Ventures, Partners Investment
9 Smart Study (Pink Fong) 3 (China) DT Capital
Feb. Company Name Amount ($M) Investors
1 Yello Mobile 30 (Japan) SBI Holdings
2 B2LiNK 4.3 IBK(Industrial Bank of Korea), SK Securities
3 Obelab 3.9 K Cube Ventures, LB Investment, Intervest
Mar. Company Name Amount ($M) Investors
1 3.9
Apr. Company Name Amount ($M) Investors
1 Woowa Brothers (Baemin) 50 (China) Hillhouse Capital Group Consortium
2 Viva Republica (Toss) 22.8 KTB Network, (U.S) Goodwater Capital, (U.S) Altos Ventures etc.
3 Yanolja 12.9 SL Investmen, Partners Investment
4 Mesh Korea (Bootake) 5.8 KDB Capital, Humax, Kukje Pharma etc.
Apr. Company Name Amount ($M) Investors
5 OddM (AdPick) 4.3
6 TLX (TLX PASS) 4.3
7 Spoqa (Dodo point) 3.9 Stonebridge Capital, IBK Capital, KB Investment
8 Moai games 3.4 K Cube Ventures, Partners Investment
9 3.4
May. Company Name Amount ($M) Investors
1 Flitto 7.7
SBI Investment Korea, K2 Investment Partners, Stonebridge Capital,  
Atinum Investment, DSC Investment, Songhyun Investment
2 Kokomo 4.3 K Cube Ventures, Stonebridge Capital
3 UVify 4.1 NCSOFT
Jun. Company Name Amount ($M) Investors
1 Lezhin Entertainment 43 IMM PE
2 Honeybees (Ddingdong) 10.3
IBK(Industrial Bank of Korea), Korean Investment Partners, Posco Capital, ID
Ventures, AJU IB Investment, Coolidge Corner Investment
3 Team Grape 6 LB Investment, DSC Investment
4 AKA Intelligence (Musio) 4.3 DS Asset, EOGF Partners, Tigon Investment, LG UPlus, (Japan) Gakken
Jul. Company Name Amount ($M) Investors
1
With Innovation
(Good Choice)
17.2 JKL Partners
2 Mesh Korea (Bootake) 6.9 Humax
3 Lendit 5 (U.S) Altos Ventures, Angel investor
4 3.5
8
1-4. Startups that Received Major Investments in 2016 – Exceeding $3M (1)

Aug. Company Name Amount ($M) Investors
1 Memebox 66 (U.S) Formation Group, (U.S) Goodwater Capital
2 MindsLab 5.2 LG UPlus, closed(VC)
3 BBBtech 4.7 ID Ventures, Posco Capital, Mirae Asset Capital
4 Bitﬁnder (Awair) 4.5 (U.S) Altos Ventures, Samsung Venture Investment, LB Investment, GS SHOP
5 VITA (Cash Tree) 3.7 K Cube Ventures, Korean Investment Partners
6 Sandbox Network 3.4 Company K Partners, K-Run Ventures
7 MAD Square (Snackk) 3 Stonebridge Capital, Humax, L&S Venture Capital, Capstone Partners
8 WhaTap 3 K Cube Ventures, (U.S) Qualcomm Ventures, (U.S) Altos Ventures
Sep. Company Name Amount ($M) Investors
1 Yello Digital Marketing 8.6 Synergy Partners
2 Honest Fund 5.2 KB Investment, Hanwha Investment, Shinhan Capital etc.
3 UElectronics 4.7 Stonebridge Capital, JB Asset Management, Korean Investment Partners
4 G'Audio Lab 4.3
Korean Investment Partners, LB Investment, SoftBank Ventures Korea,
Capstone Partners etc.
5
White Pharmaceutical
Corporation
4.3 Kolon Investment, NeoPlux
6 Salt Lab 3.4 K Cube Ventures, Smilegate Investment
Oct. Company Name Amount ($M) Investors
1 Yello Digital Marketing 15 (U.S) PFG(Partners For Growth)
2 Highbrow 5.5 NCSOFT
3
Greedeat
(What's for today)
4.3 K-Net Investment Partner, Capstone Partners, Big Basin Capital, SJ Investment
Partners
Nov. Company Name Amount ($M) Investors
1 Yello Mobile 10 (Australia) Macquarie Capital
2 B Bros (Ddocdoc) 5.2 UBCare
3 SEWorks 4.5 Smilegate Investment, Wonik Investment Partners
4 Roof Funding 4.3 Korean Investment Partners, K Venture Group, Others
5
42Company
(Slide)
3.6
Songhyun Investment, Midas Dong-A Investment, Seoul Investment Partners,
Cognitive Investment, K Bridge Investment, Mega Investment, KDB(Korea
Development Bank)
6 Kiwi Plus 3.4 SV Investment
Dec. Company Name Amount ($M) Investors
1 Memebox 60
(U.S) Goodwater Capital, Altos Ventures, Cowboy Ventures, Formation Group,
Funder's Club, Pear Ventures, Mousse Partners, Cota Capital, Janet
Gurwitch(Founder of Laura Mercier)
2 Yello O2O 21.5 Q Capital Partners
3 Ridi (Ridibooks) 17.2
Praxis Capital Partners, Shinhan Financial Investment, Premier Partners,
Company K Partners
4 The Farmers (Market Kurly) 14.6
SEMA TranslinkInvestment, UTC Investment, LB Investment,  
Korean Investment Partners, Capstone Partners, DS Asset
5 Toomics 11.2 Korean Investment Partners, Intervest etc.
6
Balance Hero
(True Balance)
8.6 SoftBank Ventures Korea, Mega Investment, IMM Investment
7 Style Share 7.7 Stonebridge Capital, Atinum Investment, KTB Network
8 Trust Us (POING) 7.7
Naver, Korea Omega Investment, DTN Investment, Wonik Investment
Partners, Hyundai Venture Investment etc.
9
Brain Commerce
(Job Planet)
6.9
Hanwha Investment, Union Investment Partners, (U.S) Altos Ventures,
Qualcomm Ventures
10 500V 5.6 Synergy IB Investment, ihooinvestment etc.
11 Frograms (Watcha Play) 4.7
KDB(Korea Development Bank), KCLAVIS Investment, EBest Investment, (U.K)
Kingsley Capital Partners
12 4.3
9
1-4. Startups that Received Major Investments in 2016 – Exceeding $3M (2)

10
Company Name Investment Amount (Month/$M) Investors Accumulated Amount ($M)
1
Aug. 66 (U.S) Formation Group, (U.S) Goodwater Capital
126
Dec. 60
(U.S) Goodwater Capital, (U.S) Altos Ventures, (U.S) Cowboy Ventures, (U.S) Formation Group, (U.S) Funder's Club, (U.S) Pear
Ventures, (U.S) Mousse Partners, (U.S) Cota Capital, Janet Gurwitch(Founder of Laura Mercier)
2
Feb. 30 (Japan) SBI Holdings
40
Nov. 10 (Australia) Macquarie Capital
3
Sep. 8.6 Synergy Partners
23.6
Oct. 15 (U.S) PFG(Partners For Growth)
4
Jan. 4.7 IBK Capital, Hana Financial Investment, Angel investor
15
Jun. 10.3 (Industrial Bank of Korea), Korean Investment Partners, Posco Capital, ID Ventures, AJU IB Investment, Coolidge Corner
investment
5
Apr. 5.8 KDB Capital, Humax, Kukje Pharma etc.
12.7
Jul. 6.9 Humax
6
Jan. 8.6 KG Inicis
11.5
Mar. 3.9 DSC Investment, SBI Investment Korea, Capstone Partners
7
Mar. 2.6 SoftBank Ventures Korea
11.2
Dec. 8.6 SoftBank Ventures Korea, Mega Investment, IMM Investment
8
Jan. 1.3 DS Asset
7.3
Jun. 6 LB Investment, DSC Investment
9
Jan. 0.9 Shinhan Bank
6.1
Sep. 5.2 KB Investment, Hanwha Investment, Shinhan Capital etc.
10
May. Undisclosed ID Ventures, DTN Investment, Daekyo Investment
6.1Nov. 5.2 UBCare
May. 0.9 LabGenomics
11
Nov. 2.6 Intops, IBK(Industrial Bank of Korea), Hana Financial Investment PB Center Client
6
Dec. 3.4 SV Investment
12
Jan. 2.6 ID Ventures, DTN Investment, Daekyo Investment
3.9
Mar. 1.3 Smilegate Investment, KDB Capital
13
Mar. 0.9 Union Investment Partners
3.5Aug. 2.2 K Venture Group, (China) DT Capital, (China) Lily&Beauty
Dec. 0.4 (China) DT Capital
14
Apr. 0.9 Seven Angels Holdings
2.6
Jun. 1.7 Korean Investment Partners, Intervest
1-5. Startups that Received More than 2 Investments in 2016 (1)

11
Company Name Investment Amount (Month/$M) Investors Accumulated Amount ($M)
14
Apr. Undisclosed Korea Investment & Securities
2.1
Jun. 2.1 Stonebridge Capital, BK Investment
15
Feb. 0.1 (U.S) Sazze Partners, Neoﬂy, Angel investor
1.8Apr. 0.6 Company K Partners, Angel investor
Jul. 1.1 Capstone Partners, Company K Partners, Banks Foundation for Young Entrepreneurs D.CAMP, (U.S) Strong Ventures
16
Jan. 1.4 Magellan Technology Investment, Magna Investments, Daekyo Investment, KITE Enterpreneurship
1.8
Feb. 0.4 Songhyun Investment
17
Jan. 0.1 (U.S) James Beeland Rogers, Jr.
1.8
Feb. 1.7 DSC Investment
18
Feb. 0.9 UTC Investment
1.8
Dec. 0.9 UTC Investment
19
Jun. 0.3 Fasoo
1.6
Dec. 1.3 SV Investment
20
Apr. Undisclosed Banks Foundation for Young Entrepreneurs D.CAMP, Strong Ventures
1.3
Sep. 1.3 Stonebridge Capital, (U.S) Strong Ventures
21
May. 0.4 Coolidge Corner Investment
1.2
Nov. 0.8 Mirae Asset Venture Investment, Infomark
22
Jan. 0.2 (U.S) 500 Startups, MashUp Angels, FuturePlay
1.2
Sep. 1 (U.S) 500 Startups, FuturePlay, (U.S) Strong Ventures, Banks Foundation for Young Entrepreneurs D.CAMP, Angel investor
23
Jun. 0.4 Altonsports
0.7
Sep. 0.3 Songhyun Investment
24
Jan. Undisclosed Korea Credit Guarantee Fund
0.4
Oct. 0.4 Suprema Investment
25
Jun. 0.1 Woori Bank (Crowd Funding matching direct investment)
0.1
Jun. Undisclosed Infobank
26
Feb. Undisclosed Naver
Undisclosed
Jun. Undisclosed Blue Point Partners
27
Sep. Undisclosed Golden Egg
Undisclosed
Nov. Undisclosed Snow CEO Kim Chang-wook
28
Mar. Undisclosed KAIST Venture Investment Holdings etc.
Undisclosed
Dec. Undisclosed Naver (D2startup Factory)
1-5. Startups that Received More than 2 Investments in 2016 (2)

12
PART 2
- Status by Investment Scales

13
2-1. 2016 Startup Investment (Scale per Unit)
2016 Startup Investment Trends in Korea ㅣ PART 2. 2016 Startup Investment – Status by Investment Scales
Investment Scale Per Unit Distribution in 2016 
Investment by No. of Investees / Investment Scale
Investment Scale Per Unit Distribution in 2016 
Investment Sub-Distribution of less than $9.9M
• 2016 annual investment startup (Investee Companies): 313 (Full disclosure: 232 companies, Partial disclosure: 5 companies, Non-disclosure: 76 companies)
• Maximum investment category: $1M - $9.9M (83), 0 - $0.9M (73)
• Highest amount investment category: $1M - $9.9M ($404.4M)
* Companies that attracted more than two investments a year are calculated by applying the total cumulative investment amount (including some disclosure amounts).
* The investment size graph is only calculated for the 313 companies that disclosed the investment amounts they attracted.
0
100
200
300
400
500
0
30
60
90
120
150
Undisclosure 0~0.9 1~9.9 10~19.9 20~29.9 30~39.9 40~49.9 50~
Investee Amount by Investment Scale($M)
176
43
30
44.3
118.4
404.4
54.6
3112
9
136
111
76
54.6
404.4
118.4
44.3
30
43
176
0
30
60
90
120
150
0
15
30
45
60
75
0~0.4 0.5~0.9 1~2.9 3~4.9 5~6.9 7~8.9 9~9.9
Investee Amount by Investment Scale($M)
48.9
68.5
138.3
148.7
38
16.6
0
6
12
35
38
49
62
16.6
38
148.7
138.3
68.5
48.9

14
Investment Scale per Unit – Number of Investee Company Comparison
Total Investee Company: 313
Investment Scale per Unit – Investment Amount Comparison
Total Investment Amount: $870.7M
• 50% (156 cases) of investee companies invested amounts of 0 - $9.9M
• In terms of investment amount, investments of $1M - $9.9M accounted for 41% ($404.4M) of the total investment amount.
• In 2016, three companies invested more than $30M.
Memebox ($126M total in two investments, $60M and $66M), Woowa Brothers ($50M), Lezhin Entertainment ($43M), Yello Mobile ($30M)
2-1. 2016 Startup Investment (Scale per Unit)

2-2. 2015 - 2016 Startup Investment Comparison (Scale per Unit)
• In 2016, investee companies and the investment amount increased sharply overall, except for investments in the $30M - $49.9M.
• For investee companies in 2015 - 2016, there were 48 more investments in the $1M - $9.9M range from the previous year
and 41 more investments in the 0 - $0.9M.
2015 - 2016 Comparison of Investment Scale Per Unit – Investment Amount
($695.4M in 2015, $870.7M in 2016)
2015 - 2016 Comparison of No. of Investees by Investment Scale Per Unit
(210 in 2015 / 313 in 2016)
0
100
200
300
400
500
0~0.9 1~9.9 10~19.9 20~29.9 30~39.9 40~49.9 50~
176
43
30
44.3
118.4
404.4
54.6
106.2
47.2
100.7
29.5
111
261.3
39.5
2015($M) 2016($M)
0
30
60
90
120
150
Undisclosure 0~0.9 1~9.9 10~19.9 20~29.9 30~39.9 40~49.9 50~
3112
9
136
111
76
2131
9
88
80
26
2015 2016

16
Company Introduction
Age of
Business
Sector Speciﬁc Business Type
Investment
Amount($M)
Select Investors
1 Memebox Beauty E-Commerce
Less than
5 year
Distribution/Service Commerce 126.0
(U.S) Goodwater Capital, Altos Ventures, Cowboy Ventures, Formation Group, Funder's
Club, Pear Ventures, Mousse Partners, Cota Capital, Janet Gurwitch (Founder of Laura
Mercier)
2 Woowa Brothers (Baemin) Food Tech
Less than
6 year
ICT Service Lifestyle Service 50.0 (China) Hillhouse Capital Group Consortium
3 Lezhin Entertainment Webtoon
Less than
5 year
Cultural Content Publication/Comic/Novel 43.0 IMM PE
4 Yello Mobile
Comprehensive Mobile Service
Company
Less than
5 year
Other Venture Union 40.0 (Japan) SBI Holdings / (Australia) Macquarie Capital
5 Yello Digital Marketing Digital Marketing Group
Less than
3 year
ICT Service
Advertising/Sales/
Marketing
23.6 (U.S) PFG(Partners For Growth) / Synergy Partners
6 Viva Republica(Toss) Easy remittance
Less than
4 year
ICT Service Finance 22.8 KTB Network, (U.S) Goodwater Capital, (U.S) Altos Ventures etc.
7 Yello O2O O2O Value Chain
Less than
6 year
ICT Service Comprehensive 21.5 Q Capital Partners
8 With Innovation (Good Choice)
Small-Medium Accommodation O2O
Service
Less than
3 year
ICT Service Travel/Accommodation 17.2 JKL Partners
9 Ridi (Ridibooks) Ebook store
More than
7 year
Cultural Content Publication/Comic/Novel 17.2 Praxis Capital Partners, Shinhan Investment, Premier Partners, Company K Partners
10 Honeybees (Ddingdong) Life-friendly O2O Service
Less than
5 year
ICT Service Lifestyle Service 15.0
IBK (Industrial Bank of Korea), Korean Investment Partners, Posco Capital, ID Ventures,
AJU IB Investment, Coolidge Corner Investment / IBK Capital, Hana Financial Investment,
Angel Investor
11 The Farmers (Market Kurly) Premium Food Stor3
Less than
3 year
Distribution/Service Commerce 14.6
SEMA TranslinkInvestment, UTC Investment, LB Investment, Korean Investment Partners,
Capstone Partners, DS Asset
12 Yanolja Accommodation O2O Company
More than
7 year
ICT Service Travel/Accommodation 12.9 SL Investmen, Partners Investment
13 Mesh Korea (Bootake) IT Distribution
Less than
4 year
Distribution/Service Distribution 12.7 KDB Capital, Humax, Kukje Pharma etc.
14 8Percent P2P Finance
Less than
3 year
ICT Service Crowdfunding 12.5 DSC Investment, SBI Investment Korea, Capstone Partners / KG Inicis
15 Toomics Webtoon Platform
Less than
3 year
Cultural Content Publication/Comic/Novel 11.2 Korean Investment Partners, Intervest etc.
16 Balance Hero (True Balance)
Transfer prepayment balance
check app
Less than
3 year
ICT Service Lifestyle Service 11.2 SoftBank Ventures Korea Korea, Mega Investment, IMM Investment
2-3. Highest Funded Startups in 2016 - Over $5M (1)

17
Company Introduction
Age of
Business
Sector Speciﬁc Business Type
Investment
Amount($M)
Select Investors
17 My Music Taste KPOP Platform
Less than
6 year
Cultural Content
Performance/Music/
Exhibition
10.0
SoftBank Ventures Korea Korea, (U.S) Formation Group, Bokwang Investment, Samsung
Investment, (China) DT Capital
18 Trust Us (POING) Restaurant Integrated Platform
Less than
4 year
ICT Service Food 7.7
Naver, Korea Omega Investment, DTN Investment, Wonik Investment Partners, Hyundai
Venture Investment etc.
19 StyleShare
Fashion Contents /
Commerce Platform
Less than
6 year
ICT Service Fashion/Beauty 7.7 Stonebridge Capital, Atinum Investment, KTB Network
20 Flitto Global Translation Platform
Less than
5 year
ICT Service Other Specialized Service 7.7
SBI Investment Korea, K2 Investment Partners, Stonebridge Capital, Atinum Investment,
DSC Investment, Songhyun Investment
21 Team Grape Fashion E-Commerce
Less than
2 year
Distribution/Service Commerce 7.3 DS Asset / LB Investment, DSC Investment
22 Brain Commerce (JobPlanet) Business Info Startup
Less than
4 year
ICT Service Business Solution 6.9 Hanwha Investment, Union Investment Partners, (U.S) Altos Ventures, Qualcomm Ventures
23 Kiwi Plus
Smartphone watch manufacture
for children
Less than
4 year
ICT Manufacturing Smart Device 6.1
Intops, IBK(Industrial Bank of Korea), Hana Financial Investment PB Center Client / SV
Investment
24 Estmob (Send Anywhere) File Transfer Service
Less than
5 year
ICT Service SWTech Solution 6.1 (Japan) Rakuten Ventures
25 Honest Fund P2P Finance
Less than
2 year
ICT Service Crowdfunding 6.0 Shinhan Bank / KB Investment, Hanwha Investment, Shinhan Capital etc.
26 B Bros (Ddocdoc) Nationwide Hospital Search
Less than
4 year
Bio/Healthcare Healthcare 6.0 BITcomputer / UBCare / LabGenomics
27 500V Venture Alliance
Less than
2 year
Other Venture Union 5.6 Synergy IB Investment, IHU Investment etc.
28 Highbrow Dragon Village
Less than
5 year
Games Mobile Games 5.5 NCSOFT
29 Intocell
Development of new drug
technology and service
Less than
2 year
Bio/Healthcare Medical 5.2
Stonebridge Capital, Atinum Partners, Partners Investment, K-Net Investment Partners,
Seoul Investment Partners
30 MindsLab Artiﬁcial Intelligence
Less than
3 year
ICT Service SWTech Solution 5.2 LG UPlus , VC
31 Lendit P2P Finance
Less than
2 year
ICT Service Crowdfunding 5.0 (U.S) Altos Ventures, Angel Investor
2-3. Highest Funded Startups in 2016 - Over $5M (2)

PART 3
- Status by Age of Business
18

––––––
19
3-1. 2016 Startup Investments by Age of Business
2016 Startup Investment Trends in Korea ㅣ PART 3. 2016 Startup Investment – Current Status by Age of Business
2016 Startup Investment Distribution by Age of Business
Investment
Amount($M)
Top Deal
Total Amount
Disclosed
Amount
Undisclosed
Partial
Disclosed
Less than
1 year 18.8 34 20 14 - - G'Audio Lab ($4.3M)
Less than
2 years 111.3 90 67 22 1 - Team Grape ($7.3M)
Less than
3 years 185.9 80 62 18 - - With Innovation ($23.6M)
Less than
4 years 95.5 38 25 10 3 - Viva Republica ($22.8M)
Less than
5 years 283.7 30 25 4 1 - Memebox ($126M)
Less than
6 years 115.4 22 17 5 - - Woowa Brothers ($50M)
Less than
7 years 12.0 8 7 1 -
- Stronghold Technology
($4.3M)
More than
7 years 48.1 11 9 2 - - Ridi ($17.2M)
870.7 313 232 76 5
• Age of businesses with most investment: 1 - 2 years (90 companies)
• Age of businesses with least investment: 6 - 7 years (8 companies)
• Age of businesses with highest investment amount: 4 - 5 years ($283.7M)
• Investee company with highest amount of investment per number of investees: 4 - 5 years (30 companies / $283.7M, average of $9.5M)
2016 Startup Investments by Age of Business
0
50
100
150
200
250
300
0
15
30
45
60
75
90
~1year ~2years ~3years ~4years ~5years ~6years ~7years 7years~
Investee Amount by Age of Business ($M)
48.1
12
115.4
283.7
95.5
185.9
111.3
18.8
11
8
22
30
38
80
90
34
18.8
111.3
185.9
95.5
283.7
115.4
12
48.1
+
+
Memebox $126M

20
4%3%
7%
10%
12%
26%
29%
11%
Less than 1 year
Less than 2 years
Less than 3 years
Less than 4 years
Less than 5 years
Less than 6 years
Less than 7 years
More than 7 years
6%1%
13%
33%
11%
21%
13%
2%
Less than 1 year
Less than 2 years
Less than 3 years
Less than 4 years
Less than 5 years
Less than 6 years
Less than 7 years
More than 7 years
Comparisons of Number of Investees by Age of Business
Comparisons of Investment Amounts by Age of Business
• There were a total of 90 investee companies that were 1 - 2 years old. This was 29% of the total number of investees and 13% of the total investments ($111.3M).
• Investee companies that were 4 - 5 years old accounted for 10% (30 companies) of all, but the portion of its investment amount was the highest as 24% ($166.1M).
Memebox ($126M), Lezhin Entertainment ($43M) were included in this category.
• The number of companies up to 3 years old accounted for 66% with a high initial investment rate.
• For companies up to 5 years old, the longer the company has been in business, the greater the average investment amount tends to be.
3-1. 2016 Startup Investments by Age of Business

0
18
36
54
72
90
11
8
22
30
38
80
90
34
9
13
17
35
41
64
31
2015 2016
21
3-2. 2015 - 2016 Startup Investments by Age of Business
• Investment Scale by age of business in 2016 increased signiﬁcantly compared to the previous year in terms of number of investors.
• Investee companies that were 2 - 3 years old increased by 39 from 41 to 80, which was the largest increase.
• Investments in startups younger than 1 year old and startups that were 3 - 4 years decreased compared to 2015. Otherwise, increasing ﬁgures were shown overall.
• In both 2015 and 2016, startups that were 1 - 2 years old attracted the most investment. Based on the investment amount, startups that were 4 - 5 years old attracted
the biggest investment amounts.
2015 - 2016 Comparisons of No. of Investees by Age of Business
(210 in 2015 / 313 in 2016)
2015 - 2016 Comparisons of Investment Amounts by Age of Business
($695.4M in 2015, $870.7M in 2016)
0
60
120
180
240
300
48.1
12
115.4
283.7
95.5
185.9
111.3
18.8
33.932.3
166.1161.7
140.7
95.6
65.1
2015($M) 2016($M)

PART 4
- Status by Industry Sector
22

23
2016 Startup Investment Trends in Korea ㅣ PART 4. 2016 Startup Investment – Status by Industry Sector
0
100
200
300
400
0
50
100
150
200
ICT
Service
ICT
Manufacturing
Games Cultural
Content
Bio/
Healthcare
Distribution/
Service
General
Manufacturing
Other
Investee (Number) Amount by Industry Sector ($M)
46.5
9.3
194.4
61.9
98.2
30.839.8
389.8389.8
39.8 30.8
98.2
61.9
194.4
9.3
46.5
Sector
Investment
Amount($M)
Number of Companies
Top Deal
Total
Amount
Disclosed
Amount
Undisclosed
Partial
Undisclosed
ICT Service 389.8 173 132 37 4 - Woowa Brothers ($50M)
ICT
Manufacturing
39.8 22 16 6 - - Kiwi Plus ($6M)
Games 30.8 20 15 5 - - Highbrow ($5.5M)
Cultural Content 98.2 25 18 7 - - Lezhin Entertainment ($43M)
Bio/Healthcare 61.9 32 26 5 1 - B Bros ($6.1M)
Distribution/
Service
194.4 29 15 14 - - Memebox ($126M)
General
Manufacturing
9.3 9 7 2 - - Destin Power ($2.6M)
Other 46.5 3 3 - - - Yello Mobile ($40M)
Sum 870.7 313 232 76 5
• Sector with most investment: ICT Service (173)
• Sector with highest investment amount: ICT Service ($389.8M)
• Sector including company with highest investment: Distribution/Service (Memebox attracted a total of $126M.)
4-1. 2016 Startup Investment by Sector
2016 Startup Investment Distribution by Industry Sector 2016 Startups Investment by Industry Sector

1%
3%
6%
7%
8%
9%
10%
55%
ICT Service
Bio/Healthcare
Distribution/Service
Cultural Content
ICT Manufacturing
Games
General Manufacturing
Other
5%1%4%
5%
11%
22%
7%
45%
ICT Service
Bio/Healthcare
Cultural Content
ICT Manufacturing
Games
General Manufacturing
Other
24
• In 2016, the startup sector that attracted the most investment was ICT Service (55%, 173 companies). This sector includes Woowa Brothers ($50M).
The ICT service sector attracted 45% ($389.8M) of total investment, which was the largest amount of investment.
• In terms of total number of investee companies, ICT Service was followed by Bio/Healthcare (10%, 32 companies) and Distribution/Service (9%, 29 companies). 
In terms of investment, ICT Service was followed by Distribution/Service (22%, $194.4M) and Cultural Content (11%, $98.2M).
• In terms of average investment, the Distribution/Service sector is the highest with $7.5M (26 companies/$194.4M).
This is because Memebox ($126M investment), which attracted the highest investment in 2016, belongs in that sector.
Comparisons of No. of Investees by Industry Sector
Comparisons of Investment Amounts by Industry Sector
4-1. 2016 Startup Investment by Sector

Lifestyle Service $115.5M / 13%
Advertising/Sales/Marketing $49.2M / 6%
SW Tech Solution $37.9M / 4%
Crowdfunding $37.4M / 4%
Finance/Insurance $33.6M / 4%
Travel/Accommodation $31.8M / 4%
Food $16.8M / 2%
Fashion/Beauty $12.5M / 1%
Business Solution $11.3M / 1%
Other Specialized Service $10.9M / 1%
Education $10.2M / 1%
Transportation/Vehicles $6.3M / 1%
Data&information management solutions $5.1M / 1%
Program/Application $4.3M / 1%
Real estate $4M / 1%
Telecommunication $2.1M / -
Community $0.9M / -
25
ICT
Manufacturing
$39.8M/ 5%
Games
$30.8M / 3%
General
Manufacturing
$9.3M / 1%
Bio/
Healthcare
$61.9M / 7%
Other
$46.5M / 5%
Commerce
$159.8M / 18%
Distribution
$34.6M / 4%
55%
1%1%1%
1%
1%
1%
2%
4%
4%
4%
4%
6%
13%
55%
45%
ICT Service
$389.8M / 45%
• Lifestyle Service including Woowa Brothers (Baemin) and Yello O2O, which accounts for 13% of the total, attracted the largest amount of investment last year.
Fintech field (Crowdfunding and Finance/Insurance) was also top performers in the past year, and crowd funding companies represented by P2P Finance maintained
their popularity over the year.
• Yello Digital Marketing has succeeded in two investment camps ($23.6M) and the portion of investment in Advertising/Sales/Marketing (6%) is also higher than last year.
Artificial intelligence, VR/AR, etc., and technology-driven startup investment (SW Tech Solution, 4%) also increased significantly, gaining much attention.
• The Commerce area of the Distribution/Service sector accounted for the largest portion due to Memebox, which attracted the largest investment this year.
• The Cultural Content and Publication/Comic/Novel field represented by Webtoon is more popular than last year, and interest in the MCN field has decreased.
4-2. 2016 Startups Investment by Specific Business Sectors (Top 3 Sectors)
Publication/Comic/Novel
$61.1M / 7%
Video/Broadcast/MCN
$25.5M / 3%
Performance/Music/Exhibition
$10.7M / 1%
Content/Media
$0.9M / -
78%
4%
18%
$194.4M / 22%
1%
3%
7%
Cultural Content
$98.2M / 11%

0
36
72
108
144
180
ICT 
Service
Bio/
Healthcare
Distribution/ 
Service
Cultural
Content
ICT
Manufacturing
Games General
Manufacturing
Other
3
9
2022252932
173
21
15
6
2121
15
129
2015 2016
26
4-3. 2015 - 2016 Startup Investment per Sector Comparison
• In 2016, the number of investors increased in all sectors. In ICT Service, the number increased the most from 129 to 173, which is an increase of 44.
• In the case of investment amount per sector, there was an overall increase except in ICT Service ($431.8M→$389.8M)
In particular, the Distribution/Service sector showed the greatest increase ($63.8M→$194.4M)
• The average investment amount for ICT Service decreased from $3.3M in 2015 to $2.3M in 2016.
2015 - 2016 Comparisons of No. of Investees by Industry Sector
(210 in 2015 / 313 in 2016)
2015 - 2016 Comparisons of Investment Amounts by Industry Sector
($695.4M in 2015, $870.7M in 2016)
0
80
160
240
320
400
ICT 
Service
Bio/
Healthcare
Distribution/ 
Service
Cultural
Content
ICT
Manufacturing
Games General
Manufacturing
Other
9.3
46.539.830.8
61.9
194.4
98.2
389.8
0.5
54
11.1
29.739.1
63.865.4
431.8
2015($M) 2016($M)

Sector
Specific Sector
Total Investment
Amount ($M)
Total
Number of
Investee
CompaniesSpecific Business Type
Investment
Amt ($M)
Number of
Investee
Games
Mobile Games 24.3 15
30.8 20
VR/AR Games 4.8 3
Publishing 1.7 1
Online Games 0 1
Cultural Content
Publication/Comic/Novel 61.1 6
98.2 25
Video/Broadcast/MCN 23.5 11
Performance/Music/
Exhibition 10.7 3
Content/Media 0.9 5
Bio/Healthcare
Medical 42.3 20
61.9 32Healthcare 19.1 11
Bio Agriculture 0.5 1
Distribution/
Service
Commerce 159.8 15
194.4 30Distribution 34.6 12
Specialized Service - 3
General
Manufacturing
Fashion/Beauty 5.8 6
9.3 9Machinery/Equipment 2.7 2
Kids and Baby products 0.8 1
Other
Venture Union 45.6 2
46.5 3
Energy 0.9 1
27
4-4. 2016 Investees and Investment Amount Status by Specific Sector
Sector
Specific Sector Total
Investment
Amount ($M)
Total
Number of
Investee
CompaniesSpecific Business Type
Investment
Amt ($M)
Number of
Investee
ICT Service
Lifestyle Service 115.5 35
389.8 172
Advertising/Sales/Marketing 49.2 13
Crowdfunding 37.9 10
SWTech Solution 37.4 19
Finance/Insurance 33.6 13
Travel/Accommodation 31.8 10
Food 16.8 5
Fashion/Beauty 12.5 7
Business Solution 11.3 7
Other Specialized Service 10.9 4
Education 10.2 21
Transportation/Vehicles 6.3 7
Data and information
management solutions
5.1 8
Program/Application 4.3 4
Real estate 4 3
Telecommunication 2.1 3
Community 0.9 3
ICT
Manufacturing
Smart Device 29.0 14
39.8 22
Equipment/Parts 6.4 2
IoT System 3.7 5
Finance/Security Solution 0.7 1

PART 5
- Status by Investors
28

29
5-1. 2016 Investor Participation
2016 Startup Investment Trends in Korea ㅣ PART 5. 2016 Startup Investment – Status by Investors
• Number of investors in 2016: A total of 249 companies. Individual investors were excluded due to most being non-disclosed.
• Proportion of investors by country in 2016: 80% in Korea (199 companies), 20% overseas (50 companies)
• Based on Korean startup investors in 2016, Venture Capital accounted for 41.7% (83 out of 199) of the total.
Investors Type Specific Type # Companies
Venture Capital
Venture Capital Company 61
83New Technology Business Finance
Company
14
LLC 8
Accelerator Accelerator 16 16
Angel Investment
Angel Investment Club 3
5
Private investment union 2
Other Investee Other Investee 17 17
Finance Company
Asset management company /
private equity fund manager
6
18Bank 5
Securities company 5
Credit finance company 2
Institution/Foundation/
University
Institution/Foundation/Association 5
7
Technology holding company 2
General company
Major company 9
53Medium enterprises 15
Small and medium enterprises 28
Overseas companies
Investment company 42
50
General company 8
2016 Investor Distribution by Nation
(Total of 249)
0 20 40 60 80 100
50
53
7
18
17
5
16
83
2016 Startup Investor Distribution
(Total of 249)
Korea
USA
Japan
China
UK
France
Australia
Taiwan
Russia
Israel
0 40 80 120 160 200
1
1
1
1
1
1
10
11
23
199
2016 Startup Investors
by Specific Type
Venture
Capital
Accelerator
Angel
Investent
Other Investment
Companies
Finance
Corporation
Institution/
Foundation/University
General
Companies
Overseas
Companies

30
5-2. 2016 Independent Investment by Investors (Investment Scale / Over $3M)
Investor Investee
Investment
Amount ($M)
Age of Business Sector Speciﬁc Business Type Introduction
1 Woowa Brothers (Baemin) 50 Less than 6 years ICT Service Lifestyle Service Food Tech
2 IMM PE Lezhin Entertainment 43 Less than 5 years Cultural Content Publication/Comic/Novel Webtoon
3 (Japan) SBI Holdings Yello Mobile 30 Less than 5 years Other Venture Union
4 Q Capital Partners Yello O2O 21.5 Less than 6 years ICT Service Lifestyle Service
5 JKL Partners
With Innovation
(Good Choice)
17.2 Less than 3 years ICT Service Travel/Accommodation Small-Medium Accommodation O2O Service
6
(U.S) PFG
(Partners For Growth)
Yello Digital Marketing 15 Less than 3 years ICT Service
Advertising/Sales/
Marketing
Digital Marketing Group
7 (Australia) Macquarie Capital Yello Mobile 10 Less than 5 years Other Venture Union Comprehensive Mobile Service Company
8 Synergy Partners Yello Digital Marketing 8.6 Less than 3 years ICT Service
Advertising/Sales/
Marketing
Digital Marketing Group
9 KG Inicis 8Percent 8.6 Less than 3 years ICT Service Crowdfunding P2P Finance
10 Humax Mesh Korea (Bootake) 6.9 Less than 4 years Distribution/Service Distribution IT Distribution
11 NCSOFT Highbrow 5.5 Less than 5 years Games Mobile Games
12 NCSOFT Uvify 4.1 Less than 3 years ICT Manufacturing Smart Device
13 SV Investment Kiwi Plus 3.4 Less than 4 years ICT Manufacturing Smart Device
14 (China) DT Capital Smart Study (Pink Fong) 3 Less than 7 years ICT Service Education Mobile Education

31
5-3. 2016 Venture Investor Participation Summary (Max. order/More than 5) (1)
Investor
Total
Full
Disclosure of
Scale
Non-
disclosure of
Scale
ICT 
Service
ICT  
Production Games
Cultural 
Content
Bio/
Healthcare
Distribution 
/Service
General 
Production Others
1 K Cube Ventures 24 21 3 10 10 1 3
Nerd Games, Doctor Kitchen, Danggeunmarket, Dable, Moai Games, Baby friends, V8, Salt Lab, Standigm,
Seerslab (Lollicam), Shift up (Destiny Child for kakao), Cwavesoft, Obelab, WhaTap, Jubilee Works (Jubilee
Timetree), Codesquad, Kokomo, Kongdoo Company, PlaySnackk, Play Hard, Finger Plus, Korea Credit Data
(Credit Check), EVRStudio, VITA (Cash Tree)
2 Stonebridge Capital 20 20 - 11 3 1 1 3 1
Novomix, Dable, Loplat, LBInvestment, Reality Reflection, MAD Square (Snackk), Madup, Sentbe, Sualab, Style
Share, Spoqa (Dodo point), Ocean Bridge, WEX24 Korea, Uberple (Snek), UElectronics, Intocell, Zeroweb,
KStone, Kokomo, Flitto
3
KAIST Venture
Investment Holdings
16 7 9 10 2 2 2
000gan, Looxid Labs, Marie Table (Hobbyful), Marvelous, Backpackers Group (Bibimbap), Butler (Mosiler), Baby
friends, SINI Company, Elice, Orbitz, Osharehouse, ulalaLAB, Ino On (Park Flex), Creatrip, Promisope (Careful),
Hogangnono
4
Banks Foundation for
Young Entrepreneurs
D.CAMP
15 11 4 14 1
Loplat, Moin, Baby friends, BSM IT, Onui, Waug Travel (Waug), With mate (Dog mate), Town Company (Town
Us), Tella, Ticket Plays (EduTicket), Partner (Grab), Plating, Finda, Korea Credit Data (Credit Check), Havit (Play of
Difference)
5 (U.S) Strong Ventures 13 10 3 12 1
Danggeunmarket, Loplat, Moin, Miso, Be Success, Sodit, NSpoons, Onui, With mate(Dog mate), Plating, FixNow,
Finda
6 Capstone Partners 13 13 - 9 1 1 2
8Percent, G'Audio Lab, Greedeat (What's for today), Danggeunmarket, The Farmers (Market Kurly), MAD Square
(Snackk), Moin, Sodit, Aiji Net (MyRealPlan), NTossGames, Craclefactory (Womenstalk), Tenping, Plating
7
BonAngels Venture
Partners
12 10 2 11 1
Nearthlab, MacaronFactory (Macaron), Bucket Plays (Today's Home), Butler (Mosiler), Brave Mobile (Soomgo),
Stayes, Mverse (Surprise), Orange garden (Let's go), Oshare, One Moment, Terafunding, Partner (Grab)
8
SoftBank Ventures Korea
Korea
12 11 1 3 1 1 1 3 2
G'Audio Lab, Global Networks (MeatBox), My Music Taste, Balance Hero (True Balance)-twice, Vespa, Real Estate
Direct (R.Square), Stronghold Technology, Speclipse, Apartmentary, Genoplan, Tomocube
9 Primer 11 6 5 11
Dream attic (Castingn), Rengo, Lawoafactory (Modusign), Miso, Supermenz, Scale Chain, Onui, With mate (Dog
mate), JOBIS & VILLAINS (JOBIS), FixNow, Hogangnono
10 (U.S) Altos Ventures 10 9 1 5 1 1 1 2
Lendit, Memebox, Backpacker (Ideas), Brain Commerce (Job Planet), Viva Republica (Toss), Bitfinder (Awair),
syntekabio, WhaTap,Croquis (Zigzag), EVRStudio
11
Samsung Venture
Investment
10 7 3 7 1 1 1
Nuvent (Share@), MAPSSI.com (MAPSSI), Broteen, Blocko (Coinstack), Bitfinder (Awair), Genoplan, Jienem,
Genieworks, Gtention (Welcome), Havit (Play of Difference)
12
Korean Investment
Partners
10 10 - 6 1 2 1
G'Audio Lab, The Farmers (Market Kurly), Roof Funding, Seculetter, UElectronics, 72sec, Toomics, Funda, Honey
Biz Hrd (Ddingdong), VITA (Cash Tree)
13 Naver 10 2 8 6 1 2 1
Nexpress, Buzz Music Korea, Vendys (Sikdae), Nspace (SpaceCloud), Urban Play, Elice, Widevantage, Trust Us
(POING), Polariant
14 Intervest 8 8 - 1 2 1 3 1
Lunit, Sualab, Stronghold Technology, Speclipse, Craclefactory (Womenstalk), Toomics, Funda, Healcerion
(Sonon)
15 DSC Investment 8 8 - 4 1 1 1 1 8Percent, Riiid (ReRemark), WAVUS (carby), illimus, Carrie Soft, Tripod Studios, Team Grape, Flitto
16 LB Investment 8 8 - 2 1 3 2
G'Audio Lab, The Farmers (Market Kurly), LBInvestment, Bitfinder (Awair), Standigm, Obelab, TLX (TLX PASS),
Team Grape

32
5-3. 2016 Venture Investor Participation Summary (Max. order/More than 5) (2)
Investor
Total
Full
Disclosure of
Scale
Non-
disclosure of
Scale
ICT 
Service
ICT  
Production Games
Cultural 
Content
Bio/
Healthcare
Distribution 
/Service
General 
Production Others
17
Magellan Technology
Investment
7 7 - 3 1 1 1 1 Broteen, Shaker Media, Aurumplanet (Liner), keypair, Taggle, TradLinx, IMT Korea
18
Mirae Asset Venture
Investment
7 6 1 4 1
GameCoach, Luxrobo, Stronghold Technology, Aiji Net (My Realplan), ULikeKorea (Livecare), Inﬂuencial,
PRND Co. (Hey Dealer)
19
Smilegate
Investment
7 7 - 3 1 1 2 The Whale Games (Battle Comics), Vuno Inc Korea, Salt Lab, SEWorks, Wadiz, Fount, Healcerion (Sonon)
20 UTC Investment 7 7 - 2 2 3 The Farmers (Market Kurly), Baud, Seculetter, Casual Steps (Snappy), Taggle, TradLinx
21
Coolidge Corner
Investment
6 6 - 4 1 1 Mr.Mention, Cocoscan (FineRemark), WAVUS (carby), ULikeKorea (Livecare), Injin, Honeybees (Ddingdong)
22 Posco Capital 6 6 - 4 2 Nature Glutec, BBBtech, Shaker Media, Idnstory (Haezoom), 10 ﬁngers (Date Pop), Honeybees (Ddingdong)
23 DS Asset 6 6 - 2 1 1 2
The Farmers (Market Kurly), Riiid (ReRemark), Maxst, AKA Intelligence (Musio), EONE-DIAGNOMICS,
Team Grape
24 Mega Investment 5 5 - 4 1 42Company (Slide), Master company (04Master), Mathpresso (Quanda), Balance Hero (True Balance), Speclipse
25 (U.S) 500 Startups 5 4 1 3 1 DaytoLife (Jun), Be Success, 1Life 1Technology (Wahome), Finda-twice
26 (U.S) Sazze Partners 5 3 2 5 Miso, Supermenz, Plating, FixNow, Hogangnono
27 L&S Venture Capital 5 3 2 3 1 1 Double H (Lumidiet), MAD Square (Snackk), Maxst, Sentbe, Classtime (Mylo)
28 (China) DT Capital 5 4 1 1 1 2 Leferi-twice, My Music Taste, Smart Study (Pink Fong), Inomdle Lab
29 Company K Partners 5 5 - 3 1 1 Now busking company (Now Play), Ridibooks, Sandbox Network, Plating-twice
30 K Bridge Investment 5 3 2 4 1 42Company (Slide), Rengo, Lawoafactory (Modusign), Venditz (24Moa), Casual Steps (Snappy)
31 FuturePlay 5 3 2 4 Nearthlab, Apposha, CatchItPlay (CatchItEnglish), Finda-twice
32 IBK Capital 5 5 - 5 Newsystock, Spoqa (Dodo point), Chinada (Chinatan), Korea Carsharing (Carsome), Honeybees (Ddingdong)

33
5-4. 2016 Investor Participation by Investment Scale
* The following table only shows the number of investments by size, regardless of the amount invested by each investor.
Since most of the investments over 1 billion are co-invested, the individually invested amounts of investor are not disclosed.  
Therefore, participation status in each investment scale but not individual investment amount for each investor company has been analyzed and shown here.
(Investors who invested more than 5 cases are in bold)
100million - 990million KRW
($0.1M - $0.8M)
1 billion - 2.9 billion KRW
($0.9M - $2.5M)
($2.6M - $4.2M)
($4.3M - $8.5M)
($8.6M - $25.7M)
30 billion KRW -
($25.8M - )
9 K Cube Ventures, Stonebridge Capital
8 Banks Foundation for Young Entrepreneurs D.CAMP,
BonAngels Venture Partners
7 KAIST Venture Investment Holdings K Cube Ventures
6 Capstone Partners, UTC Investment
5 Primer (U.S) Strong Ventures SoftBank Ventures Korea Korea, Stonebridge Capital Stonebridge Capital
4 K Cube Ventures, (U.S) Strong Ventures DS Asset, Magellan Technology Investment, DSC
Investment, Intervest
LB Investment
3 Magellan Technology Investment, Coolidge Corner
Investment
Smilegate Investment, Korean Investment Partners,
Samsung Venture Investment, Mirae Asset Venture
Investment, Banks Foundation for Young
Entrepreneurs D.CAMP
LB Investment, Smilegate Investment SoftBank Ventures Korea Korea, Korean Investment
Partners, (U.S) Altos Ventures, Wonik Investment
Partners, Hanwha Investment
Korean Investment Partners
2 Capstone Partners, Samsung Venture Investment,
FuturePlay, Mirae Asset Venture Investment, Mega
Investment, (U.S) Sazze Partners, (U.S) 500 Startups,
Infomark, Venture Square, MashUp Angels, Songhyun
Investment, Seven Angels Holdings, Bigbang Angels, Hana
Financial Investment, AI Angel Club, NHN Entertainment
BonAngels Venture Partners, Posco Capital, Company K
Partners, Coolidge Corner Investment, L&S Venture
Capital,(U.S) Altos Ventures, (U.S) 500 Startups,
IBK(Industrial Bank of Korea), Medici Investment, SJ
Investment Partners, KDB(Korea Development Bank),
AJU IB Investment, P&I Investment, ES Investor, Union
Investment Partners, IBK Capital, SL Investmen, SV
Investment
Mega Investment, DSC InvestmentCapstone Partners,
Intervest, (U.S) Altos Ventures, Partners Investment,
Cognitive Investment, SBI Investment Korea, (U.S)
Qualcomm Ventures
Capstone Partners, Samsung Venture Investment, DSC
Investment, Korea Omega Investment, Shinhan Capital,
Humax, Atinum Investment, KTB Network, LG UPlus
SoftBank Ventures Korea Korea (U.S) Goodwater Capital,
Formation Group
1 Company K Partners, K Bridge Investment, Stonebridge
Capital, Posco Capital, (China) DT Capital, Hyundai HCN,
Neowiz Investment, THE SQUARE & COMPANY, Bokwang
Investment, Vision Creator, Tidesquare, The Turning Point,
Korea Venture Investment, Magna Investments, JP
Company, Seoul Investment Partners, Midas Dong-A
Investment, Collz Dynamics, Central Investment Partners,
Fasoo, Danal, Suprema Investment, Hyundai Media, DXL,
Shinhan Bank, NHN Investment, Syl Company, Mocomsys,
Altonsports, Cosine Individual Cooperative, NTELS, 10x10,
Woori Bank, Megastudy, Neoﬂy, Innobase, Korea Science &
Technology Holdings, Hanbit Investment, KB Securities,
Michuhol Angel Club, ES Investor, The Nest & Company, SK
Planet, MoCA Ventures, Able Communications / (U.S) Big
Basin Capital / (China) Shindong Network, Empower
Investment, Peking University Founder Group, DSKY
Ventures / (Japan) Global Brain, Venture Republic
K Bridge Investment, SoftBank Ventures Korea Korea,
FuturePlay, (China) DT Capital, KDB(Korea Development
Bank), Hanwha DreamPlus, Sejong Venture Partners, Seoul
Tech Investment, Central Investment Partners, Plantree
Partners, Suprema Investment, BK Investment, The Wells
Investment, Sunbo Angel Partners, Devsisters, SEMA
TranslinkInvestment, Shinhan Bank, K Cube Holdings,
Shinhan Capital, Busan United Holdings, ID Ventures, NAU
IB Capital, Idea Bridge Asset Management, Hyundai
Motors, NEO plux, Mechanism Angel Fund, Ankang
Venture Investment, HG Initiative, Devsisters Ventures, K2
Investment Partners, KT, Ost Investment, Seven Angels
Holdings, Woori Bank, Magna Investments, WOOSHIN
Venture Capital, Korea Omega Investment, Timewise
Investment, Innopolis Partners, East Gate Partners, Hanbit
Investment, Hanwha Investment, Humedix, Daesung
Private Equity, DTN Investment, Daekyo Investment, GS
SHOP, G.N. Tech Venture Investment, Seoul Investment
Partners, KITE Entrepreneuship Foundation, IMM
Investment, Kakao, KB Investment, LabGenomics, KDB
Capital, Bokwang Investment, NHN Entertainment , K-Net
Investment Partner, SK인포섹, K-Run Ventures, K Venture
Group / (U.S) Big Basin Capital, Y Combinator, Greylock
Partners, Lowercase Capital, Foundation Capital, Graph
Ventures / (China) Lily&Beauty / (Japan) SEIBU Capital, TOEI
Animation, SMBC Capital
Posco Capital, Naver, IBK Capital, L&S Venture Capital,
Primer, Korean Investment Partners, Company K
Partners, K Bridge Investment, (U.S) Sazze Partners,
(U.S) Strong Ventures, (China) DT Capital, HnAP, SK
Telecom, Hanmi Science, Songhyun Investment, KDB(Korea
Development Bank), Midas Dong-A Investment, Kolon
Investment, Stick Investment, DTN Investment, ID
Ventures, Atinum Investment, NCSOFT, Daekyo
Investment, Woowa Brothers, Intops, SV Investment,
Humax, HB Investment, G.N. Tech Venture Investment,
IBK(Industrial Bank of Korea), KB Investment, KT, K-Run
Ventures, Seoul Investment Partners, NEO plux / (U.S)
Funder's Club, Y Combinator / (Japan) YJ Capital / (Russia)
Add Venture
Smilegate Investment, DS Asset, Naver, Mirae Asset
Venture Investment, Posco Capital, Intervest, IBK
Capital, K Cube Ventures, IBK(Industrial Bank of Korea),
Tigon Investment, DTN Investment, Synergy IB
Investment, KB Investment, ID Ventures, Premier Partners,
Hyundai Venture Investment, Atinum Partners, EOGF
Partners, NCSOFT, JB Asset Management, NEO plux,
KCLAVIS Investment, One & Partners, Kolon Investment,
Union Investment Partners, Hana Financial Investment,
KDB Capital, BI Investment, SK Securities, Seoul
Investment Partners, GS SHOP, Mirae Asset Capital,
KDB(Korea Development Bank), K-Net Investment Partner,
Songhyun Investment, K Venture Group, UBCare, SJ
Investment Partners, eBest Investment, Kukje Pharma,
IHU Investment, K2 Investment Partners / (U.S) Big Basin
Capital, Danhua Capital, Sierra Ventures, Qualcomm
Ventures / (Japan) Gakken, Rakuten Ventures / (Taiwan)
Inventec / (UK) Kingsley Capital Partners
Company K Partners, Posco Capital, LB
Investment, Capstone Partners, Coolidge
Corner Investment, Partners Investment,
Mega Investment, DS Asset, Intervest, UTC
Investment, (U.S) Altos Ventures, (China)
DT Capital, IMM Investment, Bokwang
Investment, KG Inicis, Samsung Investment,
SEMA TranslinkInvestment, Q Capital
Partners, Premier Partners, Synergy
Partners, Praxis Capital Partners, Shinhan
Investment, ID Ventures, JKL Partners, AJU IB
Investment, KTB Network, SL Investmen,
IBK(Industrial Bank of Korea) / (U.S)
Formation Group, Goodwater Capital,
PFG(Partners For Growth) / (Australia)
Macquarie Capital
(U.S) Altos Ventures, IMM PE
/ (U.S) Mousse Partners,
Funder's Club, Pear Ventures,
Cowboy Ventures, Cota
Capital / (China) Hillhouse
Capital Group Consortium /
(Japan) SBI Holdings

PART 6
2016 Startup M&A Status
34

• 2016 Annual startup M&A: 22 cases (total: 19 cases, mergers: 3 cases)
• In 2015, 15 acquisitions were made from Yello Mobile's subsidiaries (Yello Digital Marketing Group, Yello Travel, Yello Shopping Media).
In 2016, the number of mergers and acquisitions declined (40 to 22).
• Dec. 2016, Konex listing on Venture Union model 500V
2016 Monthly Startup M&A
Overview
35
6-1. 2016 Startup M&A Trend
2016 Startup Investment Trends in Korea ㅣ PART 6. 2016 Startup M&A Status
2015 - 2016 Monthly Startup M&A Deal
0
2
4
6
8
10
6
3
2
1
4
111
3
2
3
11
4
5
4
9
2
5
4
2015 2016
(Unit: No. of Companies) (Unit: No. of Companies)
0
1
2
3
4
5
6
1
1
1
5
3
2
1
3
11
3
Acquisition Merger

36
Acquir Acquirer Acquired Acquired Introduction Remark
Jan. - 1
Honeybees
(Ddingdong)
Pinkpage On-demand living convenience service
Jan. - 2 Kakao LOEN Entertainment Comprehensive music contents
76.4% 
share
($1.55B)
Jan. - 3 Baemin Fresh Ongkasomsi Premium lunchbox
Feb. - 1 Kakao
Parking Square
(Park here)
Parking area search, reservation service
100% share
($8.6M)
Mar. - 1 Baemin Fresh Tuling Detox juice
Jul. - 1 Enuri Megabrain (Shipget) Cross-border shopping mobile application 82% share
Jul. - 2 Yanolja Hotel Now Hotel on-day reservation service
Jul. - 3
WFoodMarket
(The Banchan)
Home meal distribution online mall
Sep. - 1 Zimzom Matajwo O2O luggage store 82% share
Oct. - 1
Userworks
(I'm a gamer) Mobile business platform
Oct. - 2
Futurestream
Networks
(China) Oblisss
China Online Marketing
Consulting Company
China Local online marketing
Nov. - 1 RGPkorea (Yogiyo) Npot Delivery APP service
Nov. - 2 Spotlightly 064Studio Brand design consulting
Nov. - 3 Nexon NSC
Mobile games developer (MapleStory M co-
developer)
Acquir Acquirer Acquired Acquired Introduction Remark
Dec. - 1 Spoqa Tmon Plus Small and medium merchant customer care service
Dec. - 2 B2LiNK Skin Angel Natural cosmetics
Dec. - 3 Wahome Housecare Japan Airbnb management
Dec. - 4 SK Planet Hello Nature Eco-friendly premium food online sales 51% share
Dec. - 5 Acetak
stoRIVERS
(Chemi-study)
Education contents platform
Merger Merger Company
Integrated
Corporation Name
Company/Product Introduction Remark
May.
Kono labs,  
Opinion8
Kono labs
Artiﬁcial intelligence-based personal agenda
managing service, big data analysis
Jul. Slowalk, UFOFactory Slowalk Design solution, IT solution
Dec.
JOBIS & VILLAINS,  
Datastorm
JOBIS & VILLAINS
Receipt secretary service, crowd sourcing data
analysis service
Listed Listed Company Company/Product Introduction Established
Oct. Incross Listed on KOSDA Video advertisement networ
2007 Aug. 
Established
Nov. ME2ON Listed on KOSDA Software and game business
2010 Jun.  
Established
Dec. 500V Listed on KONE Venture alliance 2015 Jan.
Dec. Ocean Bridg Listed on KOSDA
Chemical materials/Equipment/Consumables for
Semiconductors
2012 Mar.  
Established
6-2. Monthly Startup M&A Deals in 2016
* ICT Sector or establishment younger than 7 years old by enterprise standards.
2016 Startup Investment Trends in Korea ㅣ PART 6. 2016 Startup M&A Status

Appendix.
2014 - 2016
Startup Cumulative Investments
37

38
• Startups that received cumulative investment from 2014 to 2016: Total investment of $798.4M in 60 companies
• Most reinvestment was done in ICT Sector
Startups in the ﬁeld of Lifestyle Service, Travel/Accommodation attracted the highest amounts of cumulative investments.
• Startup with most cumulative total investment: Yello Mobile (Total investment of $187.2M / $100M in 2014, $47.2M in 2015, and $40M in 2016)
2016 Startup Investment Trends in Korea ㅣ Appendix: 2014 - 2016 Startup Cumulative Investments
2014 - 2016 Cumulative Investment Company – By Sector Total Investment Ratio
(Total of $798.4M)
1%
1%
2%
2%
23%
27%
43%
ICT Service
Other
Cultural Content
ICT Manufacturing
Games
Bio/Healthcare
Lifestyle Service $112.5M / 5
Travel/Accommodation $51.9M / 5
Advertising/Sales/Marketing $47.7M / 3
Crowdfunding $30.7M / 4
Finance/Insurance $27.1M / 1
Education $17.2M / 5
SWTech Solution $16.4M / 4
Food $16.3M / 4
Fashion/Beauty $10.1M / 1
Real estate $4.8M / 1
Business Solution $4.6M / 1
Transportation/Vehicles $2.1M / 1
Data and Info Solution $1.7M / 1
Community $0.5M / 1
Yello Mobile
Memebox
Woowa Brothers
Yello Digital
Marketing
With Innovation
Viva Republica
Ridi
Yanolja
Mesh Korea
8Percent
0 20 40 60 80 100 120 140 160 180 200
12.7
12.9
17.2
22.8
17.2
23.6
50
126
40
6.8
8.5
4.3
11.1
29.5
47.2
7.6
14.3
47.4
100
2014 2015 2016
(Unit: $M)
TOP 10 Maximum Cumulative Investment in 2014 - 2016
19.5
21.4
13.8
24.8
27.1
28.3
37.9
97.4
155.5
187.2
Speciﬁc Business Sectors (Amt / # of Co.)

39
Investee
Investment Amount
(Year, $M)
Investors
Total Amount
($M)
1 Yello Mobile
2014 100 (U.S) Formation 8
187.2
2015 47.2 (U.S) Formation 8
2016 10 (Australia) Macquarie Capital
2016 30 (Japan) SBI Holdings
2 Memebox
2015 29.5 (U.S) Formation 8, Goodwater Capital
155.52016 60
(U.S) Goodwater Capital, Altos Ventures, Cowboy Ventures,
Formation Group, Funder's Club, Pear Ventures, Mousse
Partners, Cota Capital, Janet Gurwitch(Founder of Laura Mercier)
2016 66 (U.S) Formation Group, Goodwater Capital
3
Woowa Brothers
(Baemin)
2014 11.4
(U.S) Altos Ventures, IMM Investment, Stonebridge Capital,
(Japan) CyberAgent Ventures etc.
97.42014 36 (U.S) Goldman Sachs
2016 50 (China) Hillhouse Capital Group Consortium
4
Yello Digital
Marketing
2014 14.3 DSInvestment advisory, LB Investment etc.
37.92016 8.6 Synergy Partners
2016 15 (U.S) PFG(Partners For Growth)
5
With Innovation
(Good Choice)
2015 11.1
Korean Investment Partners, Mirae Asset Venture Investment,
Bokwang Investment, DaeGyeong Venture Capital, Future
Investment Partners
28.3
2016 17.2 JKL Partners
6
Viva Republica
(Toss)
2015 4.3 KTB Network, (U.S) Altos Ventures, IBK(Industrial Bank of Korea)
27.1
2016 22.8 KTB Network, (U.S) Goodwater Capital, (U.S) Altos Ventures etc.
7
Ridi
(Ridibooks)
2014 7.6
NEO plux, CompanyK, Mirae Asset Venture Investment, Atinum
Investment
24.8
2016 17.2
Praxis Capital Partners, Shinhan Investment, Premier Partners,
Company K Partners
8 Yanolja
2015 8.5 Partners Investment
21.4
2016 12.9 KTB Network, (U.S) Goodwater Capital, (U.S) Altos Ventures etc.
Investee
Investment Amount
(Year, $M)
Investors
Total Amount
($M)
9
Mesh Korea
(Bootake)
2015 6.8 East Gate Partners, Shinhan Capital, Seoul Investment
Partners, Solborn Investment
19.5
2015 Undisclosed SBI Investment Korea, KDB Capital
2016 5.8 KDB Capital, Humax, Kukje Pharma etc.
2016 6.9 Humax
10 8Percent
2015 1.3 Banks Foundation for Young Entrepreneurs D.CAMP etc.
13.82016 3.9 KG Inicis
2016 8.6 DSC Investment, SBI Investment Korea, Capstone Partners
11
Balance Hero
(True Balance)
2015 0.7 BonAngels Venture Partners, Mega Investment
11.92016 2.6 SoftBank Ventures Korea Korea
2016 8.6 SoftBank Ventures Korea Korea, Mega Investment, IMM
Investment
12
Smart Study
(Pink Fong)
2015 8.5 IBK Capital, KDB Capital
11.5
2016 3 (China) DT Capital
13 StyleShare
2014 2.4 LB Investment
10.1
2016 7.7 Stonebridge Capital, Atinum Investment, KTB Network
14 Honest Fund
2015 1.9 Yello Finance Group, Settlebank, Ticket Monster CEO Daniel Shin
82016 0.9 Shinhan Bank
2016 5.2 KB Investment, Hanwha Investment, Shinhan Capital etc.
15 B2LiNK
2015 0.9 DSC Investment
7.8
2015 2.6 KTB Network
2015 Undisclosed (China) DT Capital
2016 4.3 IBK(Industrial Bank of Korea), SK Securities
16
MAD Square
(Snakk)
2015 1.7 Capstone Partners, L&S Venture Capital, Angel investor
7.72015 3 Humax, Seoul Investment Partners, Kiwoom Investment, IBK
Capital
2016 3 Stonebridge Capital, Humax, L&S Venture Capital, Capstone
Partners
ㅋ
2. Cumulative Investments for 2014 - 2016 (1)

40
Investee
Investment Amount
(Year, $M)
Investors
Total Amount
($M)
17
2015 2.6 GS SHOP
7.7
2015 3 Posco Capital, BK Investment
2016 2.1 Stonebridge Capital, BK Investment
2016 Undisclosed Korea Investment & Securities
18
2014 Undisclosed
7.7
2016 7.7
19
2014 1
7
2016 6
20
2015 2.1 K Cube Ventures, LB Investment
6.4
2016 4.3 K Cube Ventures, Stonebridge Capital
21
2015 1.3 (U.S) Altos Ventures
6.3
2016 5
22
2014 1 SoftBank Ventures Korea Korea
5.3
2016 4.3
Premier Partners, SoftBank Ventures Korea Korea, Mirae Asset
Venture Investment, Intervest
23
2015 0.9 SoftBank Ventures Korea Korea, Capstone Partners
5.2
2016 4.3
Korean Investment Partners, LB Investment, SoftBank Ventures
Korea Korea, Capstone Partners etc.
24
2015 0.7 K Cube Ventures
5.2
2016 4.5
(U.S) Altos Ventures, Samsung Venture Investment, LB
Investment, GS SHOP
25 Salt Lab
5.1
2016 3.4 K Cube Ventures, Smilegate Investment
26
2015 1.7 K Cube Ventures, Partners Investment
4.8
2016 3.1
27
Real Estate Direct
(R.Square)
2014 1.4 SoftBank Ventures Korea Korea
4.8
2016 3.4 (Japan) YJ Capital, SoftBank Ventures Korea Korea
Investee
Investment Amount
(Year, $M)
Investors
Total Amount
($M)
28
2015 0.4 (U.S) Big Basin Capital
4.7
2016 4.3 K-Net Investment Partner, Capstone Partners, (U.S) Big Basin
Capital, SJ Investment Partners
29
Tosslab
(Jandi)
2014 2 SoftBank Ventures Korea Korea, Cherubic Ventures, Ticket
Monster CEO Daniel Shin etc.
4.6
2016 2.6 (U.S) Qualcomm Ventures, HnAP
30 Uvify
2015 0.3 K Cube Ventures, TIPS, Korea Institute of Startup &
Entrepreneurship Development
4.4
2016 4.1 NCSOFT
31 Sandbox Network
2015 0.9 East Gate Partners
4.3
2016 3.4 Company K Partners, K-Run Ventures
32 Lunit
2015 1.7 SoftBank Ventures Korea Korea, K Cube Ventures, (U.S)
Formation 8
3.9
2016 2.2 Intervest
33
Craclefactory
(Womenstalk)
2015 1.7 IMM Investment, NVESTOR, (Japan) CyberAgent Ventures
3.7
2016 2 Intervest, Capstone Partners etc.
34 Shaker Media
2014 2.9 Posco Capital, NHN Investment, 500 Startups,
Gangwon Technology Holdings
3.7
2016 0.8 Magellan Technology Investment, Posco Capital, NHN
Investment
35
Vendys
(Sikdae)
2015 0.6 BonAngels Venture Partners, Woowa Brothers
3.6
2016 3 KDB(Korea Development Bank), Woowa Brothers, Naver
36
Trillionaire
(Huiseoul)
2015 3 (U.S) Altos Ventures
3
2016 Undisclosed (France) Partech Ventures, (U.S) Tekton Ventures, (China) 2020
Limited
37
Smatoos
(BeNative Pro)
2015 2.6 Korean Investment Partners, Partners Investment
2.6
2016 Undisclosed MiraeN
38
O'Square
(Ggumim)
2015 0.9 Posco Capital
2.6
2016 1.7 DTN Investment, Bokwang Investment, SJ Investment Partners
39 Funda
2015 Undisclosed TheVentures
2.62016 0.9 Seven Angels Holdings
2016 1.7 Korean Investment Partners, Intervest

41
Investee
Investment Amount
(Year, $M)
Investors
Total Amount
($M)
40 Nthing
2015 1.7 KDB(Korea Development Bank)
2.2
2016 0.5 (China) Empower Investment
41
PRND Co.
(Hey Dealer)
2015 0.7 GS SHOP
2.12015 Undisclosed TheVentures
2016 1.4 SV Investment, Mirae Asset Venture Investment, Mechanism
Angel Fund
42 Tenping
2.12015 Undisclosed Capstone Partners
2016 1.7 SEMA TranslinkInvestment, Capstone Partners
43
Riiid
(ReRemark)
2015 0.2 TheVentures
2.1
2016 1.7 DSC Investment, DS Asset, Shinhan Capital
44 Dable
2015 0.7 K Cube Ventures, TIPS
1.7
2016 1 Stonebridge Capital, K Cube Ventures
45 Culture Hero
1.3
2016 0.9 KDB(Korea Development Bank)
46
10 ﬁngers
(Date Pop)
2014 0.4 Coolidge Corner Investment
1.3
2016 0.9 Posco Capital
47 Zikto
2015 1 IBK Capital, SBA Seoul Business Agency
1
2016 Undisclosed Green Cross Well-being
48
Chinada
(Chinatan)
2014 1 SoftBank Ventures Korea, Coolidge Corner Investment
12015 Undisclosed Mirae Asset Venture Investment, SoftBank Ventures Korea,
Coolidge Corner Investment
2016 Undisclosed IBK Capital, AJU IB Investment
49
Town Company
(Town Us)
2015 Undisclosed East Gate Partners
0.9
2016 0.9 D.CAMP & Banks Foundation for Young Entrepreneurs, Idea
Bridge Asset Fund
50 All stay
2015 0.4 Venture Republic, Tidesquare
0.7
2016 0.3 (Japan) Venture Republic, Tidesquare
Investee
Investment Amount
(Year, $M)
Investors
Total Amount
($M)
51
Classtime
(Mylo)
2015 0.6 Medici Investment, WITHUS Partners
0.6
2016 Undisclosed L&S Venture Capital
52 Baby friends
2014 Undisclosed CEO Heewoo Lee
0.5
2016 0.5 K Cube Ventures, KAIST Venture Investment Holdings, D.CAMP &
Banks Foundation for Young Entrepreneurs
53 JOCOOS
2014 0.5 BonAngels Venture Partners, Tab the Momentum
0.5
2016 Undisclosed Seoul Business Agency
54 Brandi
2015 0.4 DSC Investment
0.4
2016 Undisclosed (U.S) Big Basin Capital
55
Nuvent
(Share@)
0.3
2016 Undisclosed Samsung Venture Investment, Seoul Business Agency
56 Cocoon Games
0.3
2016 Undisclosed Nexon
57 Jienem
2015 0.2 AI Angel Club
0.2
2016 Undisclosed Samsung Venture Investment, AI Angel Club
58 Orbitz
2014 Undisclosed undisclosed ((U.S) Angel Investment)
0.12015 0.1 BonAngels Venture Partners
2016 Undisclosed KAIST Venture Investment Holdings
59
Brat Village
(DrHouse)
2015 Undisclosed Strong Ventures, East Gate Partners
-2015 Undisclosed K Cube Ventures
2016 Undisclosed Coolidge Corner Investment etc.
60
Brave Pops
Company
(Class123)
2014 Undisclosed Fast Track Asia, BonAngels Venture Partners, Ticket Monster CEO
Daniel Shin
-
2016 Undisclosed SK Happiness Spread Organization

We have published a research report analyzing startup investment trends in Korea in 2016.
This report is planned and produced to share information about industry investment trends. Based on the
347 startup investment deals and 22 M&A deals published inside and outside of Korea in 2016, this report provides
an overview of monthly investment trends, current investment by investment scale, sector, and age of business,
investor status, annual M&A status, etc. for 2016.
This report uses the data publicized and provided by investee companies and investors. This is information about
startups (investee company), investors, investment scales, and timing. Platum conducted its own analysis regarding
the monthly trend and the investment weight distribution, and then calculated the result by applying the general
total calculation method and percentages.
The sector classification system applies the middle classification adopted by the Korea Venture Investment
Association for use in Standard Industrial Classification (KSIC). In the process of classifying the startup sector,
companies were judged and classified by the Platum research team based on the primary business type of
each investee company.
When using this report externally, you accredit Platum and indicate that this report is a product of Platum’s research.
We hope that many people will benefit from this report and its domestic startup investment trend data. 
Thank you.
Platum CEO Sangrae Jo
Platum China Research Center, Senior Researcher Seunghee Han
Advice Kookmin University, Global Venture Graduate School Professor Jonghoon Lee
Contact contact@platum.kr
Issued by Platum
Date of publicationㅣ Mar., 2017
TEL ㅣ +82-70-4060-1118
WEB ㅣ platum.kr
COPYRIGHT 2017 Platum Inc.
Platum ALL RIGHTS RESERVED

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