Qraft Technologies Valuation, Funding & Investors
Qraft Technologies is valued at $150M as of March 2021.
Last Qraft Technologies valuation
$150M
Series C · Mar 2021
Last Qraft Technologies funding round
$146M
Series C · Jan 2022
Cumulative funding Qraft Technologies raised
$169M
across 4 funding rounds
Key investors in Qraft Technologies
Korea Development Bank
SoftBank Group
Smilegate Investment
IBK Capital
Hana Financial Group
Kyowon Group
About Qraft Technologies
Qraft Technologies is a Seoul-headquartered AI-driven asset management firm that delivers quantitative investment strategies and portfolio optimization tools for institutional investors. The company combines machine learning models with financial expertise to manage over $1 billion in assets under management through products like QRAFT AI ETFs listed on the Korea Exchange. Partnerships with Shinhan Asset Management and Samsung Securities enhance its presence in the Asian financial markets.
Founded
2016
HQ
SeoulWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$150M (Mar 2021)
Qraft Technologies Valuation
Qraft Technologies is currently valued at $150M, based on its Series C in March 2021.
The $9M round was led by Smilegate Investment, with participation from Korea Development Bank.
Qraft Technologies' valuation has grown 1.7x from $88M at its seed round in April 2019 to $150M in March 2021, across 3 priced rounds.
Qraft Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2021 | Series C | $150M |
| Dec 2020 | Series C | $117M |
| Apr 2019 | Seed | $88M |
Qraft Technologies Funding History
Qraft Technologies has raised a total of $169M across 4 funding rounds.
Qraft Technologies' first fundraising round was a $10M seed round in April 2019. The most recent completed round was a $146M Series C in January 2022.
Qraft Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series C | SoftBank Group (lead) | $146M | - | Qraft Technologies is a South Korean AI fintech company founded in 2016 by Kim Hyung-sik, specializing in deep learning-based algorithms for portfolio analysis provided to financial institutions. It tracks US blue-chip stocks, analyzes returns, currency impacts, and industry news, and has listed six ETFs on the New York Stock Exchange since 2019 with strong performance. The company offers AI-powered solutions including security selection, asset allocation, robo-advisory, and order-execution systems adopted by over 20 financial institutions worldwide. On January 10-11, 2022, Qraft closed a $146 million investment from SoftBank Group, comprising primary growth capital and secondary share purchases from existing investors. This Series C round valued the company at 175 billion KRW (~$146 million USD equivalent at investment time), with funds allocated to overseas expansion in the US and China, R&D, and developing AI-enabled public portfolio management systems in partnership with SoftBank. Prior funding included 15 billion won ($12.6 million) in May 2021 from Korea Development Bank, Dunamu and Partners, and Smilegate Investment, plus earlier backers like Delta Investment, Shinhan Bank, and KB Investment. Qraft's CEO Kim Hyung-sik holds a 50% stake. Post-investment, the firm continued global growth, launching products like the QRAFT AI-Pilot U.S. Large Cap Dynamic Beta and Income ETF in 2023, leveraging proprietary AI risk models for institutional investors. |
| Mar 2021 | Series C | Smilegate Investment (lead); Korea Development Bank | $9M | $150M | Qraft Technologies is a Seoul-based fintech company that uses artificial intelligence to create and manage exchange-traded funds. The company develops deep learning-based algorithms for portfolio analysis provided to financial institutions, with partnerships including Mirae Asset, Samsung, top Korean banks, and universities. It focuses on AI-based ETFs as its main business driver and has expanded globally, including NYSE-listed AI ETF portfolios and a new APAC office led by ex-Vanguard executive Geeseok Oh. In March 2021, Qraft Technologies closed a $9 million funding round led by Smilegate Investment, with participation from Korea Development Bank, bringing total fundraising to over $18 million at a company valuation of roughly $150 million. The funds supported setting up a Hong Kong office, growing the team by 50%, and marketing stock market products. A source notes the corporate value priced at KRW 175 billion at the time, equivalent to the reported USD figure. Qraft has since pursued further growth, including a Series C round of $146 million from SoftBank in 2022 to accelerate US and China expansion and develop AI-enabled portfolio systems. |
| Dec 2020 | Series C | Korea Development Bank | $5M | $117M | Qraft Technologies is a South Korean artificial intelligence company founded in 2016 that develops and operates deep learning-based algorithms for portfolio analysis provided to financial institutions. It uses AI to track 50 blue-chip US stocks, analyze returns on investment, currency exchange rates, and industry news impacts. Since 2019, Qraft has listed six ETFs on the New York Stock Exchange showing strong performances. In May 2021, Qraft received 15 billion KRW ($12.6 million) from Korea Development Bank, Dunamu and Partners, and Smilegate Investment. At the time of this investment, Qraft’s corporate value was priced at 175 billion KRW. Earlier funding came from Delta Investment, Shinhan Bank, and KB Investment. Qraft offers B2B AI solutions including robo-advisory and AI order-execution systems, with partnerships including major financial institutions and governmental agencies. The company later secured a $146 million investment from SoftBank Group in January 2022 to expand into the US and China and develop AI-enabled public portfolio management systems. |
| Apr 2019 | Seed | Kyowon Group; Hana Financial Group; Delta Investment; IBK Capital | $10M | $88M | - |
Who has invested in Qraft Technologies?
7 investors have backed Qraft Technologies across its funding rounds, including Korea Development Bank, SoftBank Group, Smilegate Investment, IBK Capital, Hana Financial Group and Kyowon Group.
Lead investors include SoftBank Group and Smilegate Investment.
Qraft Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Seoul | 2 | Participant | Dec 2020 | |
 Tokyo | 1 | Lead | Jan 2022 | |
| Seongnam | 1 | Lead | Mar 2021 | |
| Seoul | 1 | Participant | Apr 2019 | |
| Seoul | 1 | Participant | Apr 2019 | |
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Start Free TrialQraft Technologies Competitors
Qraft Technologies competitors include listed companies like User Local and Saltlux, and private ones like Aidatify, Socure, Maxima AI and Reflexivity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Singapore | Private | - | - | $150M | - | |
 Lake Tahoe, NV | Private | $315M | - | $156M | - | |
| San Francisco, CA | Private | - | - | $143M | - | |
| New York City, NY | Private | - | - | $133M | - | |
| Japan | Publicly listed | $34M | $15M | $156M | 2.8x | |
| South Korea | Publicly listed | $30M | ($5M) | $139M | - |
Qraft Technologies Public Comps
Qraft Technologies is still privately-owned, but its public comps include FnGuide, User Local, Ever Fortune.AI, Saltlux, Voicecomm International, wallstreet:online, Stradvision, Selvas AI, GrocerIQ and Airdoc.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $26M | $9M | 5.2x | - | 14.3x | - | |||
| $34M | $15M | 2.7x | 2.8x | 6.1x | - | |||
| $12M | $4M | 12.3x | - | 36.2x | - | |||
| $30M | ($5M) | 3.8x | - | (22.9x) | - | |||
| $150M | $42M | 1.5x | - | 5.6x | - | |||
| $79M | ($378K) | 1.9x | 1.8x | (390.7x) | 6956.0x | |||
| $13M | ($21M) | 6.6x | 6.9x | (4.2x) | - | |||
| $84M | ($65K) | 2.6x | 3.3x | (3294.6x) | 19.8x | |||
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Common questions about Qraft Technologies
| When was Qraft Technologies founded? | Qraft Technologies was founded in 2016. |
| Where is Qraft Technologies headquartered? | Qraft Technologies is headquartered in Seoul, South Korea. |
| Is Qraft Technologies publicly listed? | No, Qraft Technologies is a private, VC-backed company. |
| What is Qraft Technologies' valuation? | Qraft Technologies was last valued at $150M in its Series C in March 2021. |
| How much funding has Qraft Technologies raised? | Qraft Technologies has raised $169M across 4 funding rounds. |
| What was Qraft Technologies' last funding round? | Qraft Technologies' last funding round was a $146M Series C in January 2022, led by SoftBank Group. |
| Who are Qraft Technologies' investors? | Qraft Technologies' investors include Korea Development Bank, SoftBank Group, Smilegate Investment, Kyowon Group, Hana Financial Group, Delta Investment and IBK Capital. |
| Which companies are comparable to Qraft Technologies? | Companies comparable to Qraft Technologies include Aidatify, Socure, Maxima AI, Reflexivity, User Local and Saltlux. |
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