Knowmerce, a Korean artist content and commerce platform, raises KRW 25 billion in pre-IPO funding

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South Korean artist content and commerce platform Knowmerce has raised KRW 25 billion in pre-IPO funding. The round was led by KB Investment, Daesung Private Equity, and Feynman Asset Management.

With this round, Knowmerce has raised a total of KRW 60 billion in cumulative funding, following Series A in April 2020, Series B in May 2021, and Series C in May 2022.

Knowmerce is an entertainment technology company that combines entertainment and IT. It has been leading consistent growth and investment every year. As the K-pop market and the entertainment industry expand, Knowmerce is attracting the attention of not only domestic investment institutions but also overseas investors.

After launching its flagship platform, Wonderwall, in late 2019, Knowmerce recorded sales of around KRW 18.5 billion last year, led by its content, commerce, and concert businesses. It achieved profitability for the first time since its launch in late 2022, three years after its launch.

Knowmerce is expected to record sales of over KRW 40 billion and operating profit of over KRW 70 billion by the end of this year, thanks to its fan platform fromm and overseas tours.

[Startup News in Korea]

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Knowmerce, a Korean artist content and commerce platform, raises KRW 25 billion in pre-IPO funding

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Knowmerce, a Korean artist content and commerce platform, raises KRW 25 billion in pre-IPO funding