T’order Raises Over KRW 30 Billion in Series B, Valued at KRW 300 Billion, Expanding Globally
South Korean table order company T’order has raised over KRW 30 billion in its Series B round, including both new and existing shares, from NOH&PARTNERS, EUGENE INVESTMENT, the Korea Development Bank (KDB), and LB Investment. This round values T’order at over KRW 300 billion.
The round was led by T’order’s Vice President and CFO Woo-jae Lee, who previously handled deals at Samil PricewaterhouseCoopers and Shinhan Asset Management. Following this initial Series B round, T’order plans to secure additional funding from international investors, including those in Silicon Valley. These investors see promise in the digital transformation of the global dining industry and are optimistic about T’order’s table order service.
Founded in 2019, T’order currently holds over 60% of the table order market in South Korea. According to T’order’s 2023 audit report, its consolidated revenue for the previous year was KRW 58.7 billion, a 77% increase from the year before. Operating on a SaaS model, T’order provides services to large enterprises, VAN companies, and POS companies in South Korea. The company is expanding globally, having established a Canadian subsidiary last year, with plans to set up subsidiaries in the US and Singapore this year.
Vice President and COO Yong-woon Kim stated, “This Series B funding marks a crucial turning point for T’order’s global expansion and revenue diversification. As the leader in the South Korean table order market, we will continue to pioneer new markets.”
CEO Sung-taek Kwon added, “T’order’s diversified business model, extending beyond the food service industry into hotels, has attracted positive investments. With international investors viewing the company favorably, we are determined to achieve great success on the global stage.”
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