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- Kakao Enterprise
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jan 2021 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series A | Hy (lead) | $8M | - | - |
| Jan 2021 | Undisclosed stage | Korea Development Bank (lead) | $92M | $1B | Kakao 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Kakao Enterprise investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialKakao 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.7B | $244M | $997M | 1.6x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Private | $100M | - | $1B | 10.0x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $281M | $44M | $1B | 2.9x | ||
| Publicly listed | $47M | ($109M) | $950M | 4.0x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $227M | $54M | 4.8x | 4.1x | 19.9x | 14.1x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
This data is available for Pro users. Sign up to see all Kakao Enterprise competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to Kakao Enterprise
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