Kakao Enterprise Valuation, Funding & Investors

Kakao Enterprise is valued at $1B as of January 2021.

Last Kakao Enterprise valuation

$1B

Undisclosed stage · Jan 2021

Last Kakao Enterprise funding round

$8M

Series A · Dec 2021

Cumulative funding Kakao Enterprise raised

$100M

across 2 funding rounds

Key investors in Kakao Enterprise

  • Korea Development Bank
  • Hy

Kakao Enterprise Overview

About Kakao Enterprise

Kakao Enterprise is a Seongnam-headquartered provider of enterprise AI, cloud, and collaboration platforms, established in 2019 as a Kakao subsidiary. The company delivers Kakao Work corporate messenger, iCloud storage, and AI engines to sectors like healthcare, finance, and construction. Based in Pangyo Techno Valley, Kakao Enterprise supports digital transformation with data analytics and API services for over 10,000 business clients in South Korea.


Founded

2019

HQ

South KoreaSeongnam

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Jan 2021)

Kakao Enterprise Valuation

Kakao Enterprise is currently valued at $1B, based on its undisclosed-stage round in January 2021.

The $92M round was led by Korea Development Bank.

Kakao Enterprise valuation by funding round

Kakao Enterprise valuation by funding round
DateStageValuation
Jan 2021Undisclosed stage$1B

Kakao Enterprise Funding History

Kakao Enterprise has raised a total of $100M across 2 funding rounds.

Kakao Enterprise's first fundraising round was a $92M undisclosed-stage round in January 2021. The most recent completed round was a $8M Series A in December 2021.

Kakao Enterprise funding rounds

Kakao Enterprise funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series AHy (lead)$8M--
Jan 2021Undisclosed stageKorea Development Bank (lead)$92M$1BKakao Enterprise, a cloud services subsidiary of Kakao formed in December 2019, provides tools like Kakao Work and Kakao i Cloud to support digital transformation across industries. In January 2021, Kakao sold an 8.8% stake in Kakao Enterprise to Korea Development Bank for 100 billion KRW ($92 million), implying a 1.1 trillion KRW enterprise valuation. The proceeds were allocated to enhance Kakao Work and Kakao i Cloud offerings. The company experienced rapid growth amid pandemic-driven demand for remote work solutions. By late 2020, Kakao Work had secured over 100,000 corporate clients within three months of its September launch and signed deals with 16 entities, including the Korean Intellectual Property Office, NH Investment & Securities, and Everland. Kakao and its employees retained 91.2% ownership post-transaction. A separate report noted the company exceeded 1 trillion KRW ($921.5 million) in enterprise value shortly after the deal.

Who has invested in Kakao Enterprise?

2 investors have backed Kakao Enterprise across its funding rounds, including Korea Development Bank and Hy.

Lead investors include Hy and Korea Development Bank.


Kakao Enterprise Investors

Investors in Kakao Enterprise by funding rounds participated
InvestorHQRoundsRoleFirst check

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Kakao Enterprise Competitors

Kakao Enterprise competitors include listed companies like Rackspace, C3.ai, Appier Group and Rezolve AI, and private ones like Prime Intellect and StepStar.

Public and private companies comparable to Kakao Enterprise
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$997M1.6x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Prime IntellectUnited StatesSan Francisco, CAPrivate$100M-$1B10.0x
StepStarChinaShanghaiPrivate--$1B-
Appier GroupJapanJapanPublicly listed$281M$44M$1B2.9x
Rezolve AIUnited KingdomUnited KingdomPublicly listed$47M($109M)$950M4.0x

Kakao Enterprise Public Comps

Kakao Enterprise is still privately-owned, but its public comps include Appier Group, Rackspace, cyber_Folks, Extreme Vision, Systena, iFLYHealth, SAKURA Internet, Rezolve AI, Net263 and Montnets.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
cyber_Folks$226M$72M5.1x4.3x16.1x13.0x
Extreme Vision$44M($6M)22.8x11.6x(163.7x)-
Systena$607M$107M1.4x1.4x7.9x-
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
SAKURA Internet$227M$54M4.8x4.1x19.9x14.1x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)

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Common questions about Kakao Enterprise

When was Kakao Enterprise founded?Kakao Enterprise was founded in 2019.
Where is Kakao Enterprise headquartered?Kakao Enterprise is headquartered in Seongnam, South Korea.
Is Kakao Enterprise publicly listed?No, Kakao Enterprise is a private, VC-backed company.
What is Kakao Enterprise's valuation?Kakao Enterprise was last valued at $1B in its undisclosed-stage round in January 2021.
How much funding has Kakao Enterprise raised?Kakao Enterprise has raised $100M across 2 funding rounds.
What was Kakao Enterprise's last funding round?Kakao Enterprise's last funding round was a $8M Series A in December 2021, led by Hy.
Who are Kakao Enterprise's investors?Kakao Enterprise's investors include Hy and Korea Development Bank.
Which companies are comparable to Kakao Enterprise?Companies comparable to Kakao Enterprise include Rackspace, C3.ai, Prime Intellect, StepStar, Appier Group and Rezolve AI.

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