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§ Private Profile · Seoul, Seoul-t'ukpyolsi, South Korea
A hyperlocal app-based marketplace for second-hand goods, real estate, jobs, and local services, connecting neighborhood residents.
Established in 2015 by founders Gary Kim and Paul Kim, Danggeun Market operates Karrot, a hyperlocal mobile marketplace facilitating direct peer to peer transactions within a six kilometer radius. Based in Seoul, South Korea, the platform connects neighborhood residents and small businesses, scaling its massive user base to 30 million cumulative subscribers and 1,800,000 monthly active users. Beyond used consumer goods, the application has diversified its offerings by integrating real estate, local job postings, and enterprise profiles, generating roughly 42 billion South Korean won in monthly transaction volume. This strategic expansion helped the rapidly growing company achieve unicorn status in 2021, eventually reaching an estimated private market valuation of nearly two billion dollars. The organization is backed by notable institutional investors, including Goodwater Capital, Altos Ventures, Kakao Ventures, SoftBank Ventures, Strong Ventures, and DST Global.
Danggeun Market has raised $195.0M across 2 funding rounds.
Danggeun Market has raised $195.0M in total across 2 funding rounds.
Danggeun Market has raised $195.0M across 2 funding rounds. Most recently, it raised $162.0M Series D in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 17, 2021 | $162M Series D | John Lindfors | Altos Ventures, Aspex Management, Capstone Partners, Eric J. KIM, Kakao Ventures, Reverent Partners, Softbank Ventures Asia, Strong Ventures | Announced |
| Jun 1, 2020 | $33M Series C | Altos Ventures, Goodwater Capital | Capstone Partners, Kakao Ventures, Softbank Ventures Asia, Strong Ventures | Announced |
Danggeun Market has raised $195.0M in total across 2 funding rounds.
Danggeun Market's investors include John Lindfors, Altos Ventures, Aspex Management, Capstone Partners, Eric J. Kim, Kakao Ventures, Reverent Partners, SoftBank Ventures Asia, Strong Ventures, Goodwater Capital.