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- TeamFresh
TeamFresh Valuation, Funding & Investors
TeamFresh is valued at $391M as of June 2022.
Last TeamFresh valuation
$391M
Series D · Jun 2022
Last TeamFresh funding round
$125M
Series D · Jun 2022
Cumulative funding TeamFresh raised
$186M
across 7 funding rounds
Key investors in TeamFresh
Stick Ventures
Murex Partners
Dt& Investment
NH Capital
Korea Development Bank
DSC Investment
About TeamFresh
TeamFresh is a South Korea-based fresh food logistics startup specializing in cold chain operations.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$391M (Jun 2022)
Sectors
TeamFresh Valuation
TeamFresh is currently valued at $391M, based on its Series D in June 2022.
The $125M round included Daol Private Equity, STIC Investments, DAOL Investment, Korea Development Bank, Woori Bank and 3 other investors.
TeamFresh's valuation has grown 5.8x from $67M at its Series C in April 2021 to $391M in June 2022, across 2 priced rounds.
TeamFresh valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Series D | $391M |
| Apr 2021 | Series C | $67M |
TeamFresh Funding History
TeamFresh has raised a total of $186M across 7 funding rounds.
TeamFresh's first fundraising round was a $4M Series A in March 2019. The most recent completed round was a $125M Series D in June 2022.
TeamFresh funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series D | Daol Private Equity; STIC Investments; DAOL Investment; Korea Development Bank; Woori Bank; Murex Partners; KT; IP Ventures | $125M | $391M | - |
| Oct 2021 | Series C | GS Retail (lead) | $2M | - | - |
| Sep 2021 | Series C | DAOL Investment & Securities; IMM Investment; The Wells Investment | $9M | - | - |
| Apr 2021 | Series C | DSC Investment (lead) | $6M | $67M | TeamFresh is a South Korea-based fresh food logistics startup specializing in cold chain operations. On April 27, 2021, DSC Investment acquired a 6.5% stake valued at 6.5 billion won ($5.8 million), implying a post-money valuation of 100 billion won for the company. This investment reflects DSC Investment's strategy in the burgeoning cold chain logistics sector. The deal occurred amidst a vibrant period for Korean startups, with DSC Investment leading the round for TeamFresh. TeamFresh later progressed, securing a 30 billion won ($26.7 million) Series C round from investors including KT Investment, Kakao Investment, NH Capital, DTN Investment, STIC Ventures, and Shinhan Capital. |
| Mar 2021 | Series C | Dt& Investment; Harang Technology Investment; Stick Ventures; Nau IB Capital; NH Capital; Kakao Investment; Shinhan Capital; KT Investment | $27M | - | - |
| Apr 2020 | Series B | TS Investment; Dt& Investment; K2 Investment Partners; Stick Ventures; NH Capital; Kolon Investment | $13M | - | - |
| Mar 2019 | Series A | Murex Partners; Stick Ventures | $4M | - | - |
Who has invested in TeamFresh?
24 investors have backed TeamFresh across its funding rounds, including Stick Ventures, Murex Partners, Dt& Investment, NH Capital, Korea Development Bank and DSC Investment.
Lead investors include GS Retail and DSC Investment.
TeamFresh Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2019 | ||
| 2 | Participant | Apr 2020 | ||
| 2 | Participant | Mar 2019 | ||
| 2 | Participant | Apr 2020 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Apr 2021 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Sep 2021 | ||
This data is available for Pro users. Sign up to see all 24 TeamFresh investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialTeamFresh Competitors
TeamFresh competitors include listed companies like Mahindra Logistics, Radiant Logistics and Super Group, and private ones like Transfix, CargoBeamer and Seven Islands Shipping.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $730M | $39M | $403M | 0.6x | ||
| Private | - | - | $376M | - | ||
| Publicly listed | $934M | $39M | $417M | 0.5x | ||
| Private | - | - | $418M | - | ||
| Publicly listed | $2.8B | $280M | $365M | 0.3x | ||
| Private | - | - | $420M | - |
TeamFresh Public Comps
TeamFresh is still privately-owned, but its public comps include Mahindra Logistics, Radiant Logistics, Super Group, Gulf Warehousing, Kerry TJ Logistics, Hargreaves Services, Eimskipafelag Islands, JSL SA, Tegma and Universal Logistics Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $730M | $39M | 0.6x | 0.6x | 11.2x | 9.6x | |||
| $934M | $39M | 0.5x | 0.5x | 12.0x | 12.2x | |||
| $2.8B | $280M | 0.3x | 0.3x | 2.7x | 2.7x | |||
| $380M | $99M | 2.3x | 2.3x | 8.8x | 7.3x | |||
| $403M | $95M | 1.6x | - | 6.8x | - | |||
| $355M | $51M | 1.1x | 0.9x | 7.4x | 7.0x | |||
| $929M | $99M | 0.7x | - | 6.6x | - | |||
| $1.9B | $383M | 0.8x | 0.8x | 4.1x | 4.3x | |||
This data is available for Pro users. Sign up to see all TeamFresh competitors and their valuation data. Start Free Trial | ||||||||
Common questions about TeamFresh
| When was TeamFresh founded? | TeamFresh was founded in 2018. |
| Where is TeamFresh headquartered? | TeamFresh is headquartered in Seoul, South Korea. |
| Is TeamFresh publicly listed? | No, TeamFresh is a private, VC-backed company. |
| What is TeamFresh's valuation? | TeamFresh was last valued at $391M in its Series D in June 2022. |
| How much funding has TeamFresh raised? | TeamFresh has raised $186M across 7 funding rounds. |
| What was TeamFresh's last funding round? | TeamFresh's last funding round was a $125M Series D in June 2022. |
| Who are TeamFresh's investors? | TeamFresh's investors include Stick Ventures, Dt& Investment, Murex Partners, NH Capital, Daol Private Equity, STIC Investments, TS Investment, DAOL Investment & Securities, DAOL Investment, IMM Investment and 14 others. |
| Which companies are comparable to TeamFresh? | Companies comparable to TeamFresh include Mahindra Logistics, Transfix, Radiant Logistics, CargoBeamer, Super Group and Seven Islands Shipping. |
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