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

TeamFresh Overview

About TeamFresh

TeamFresh is a South Korea-based fresh food logistics startup specializing in cold chain operations.


Founded

2018

HQ

South KoreaSeoul

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$391M (Jun 2022)

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

TeamFresh valuation by funding round
DateStageValuation
Jun 2022Series D$391M
Apr 2021Series 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

TeamFresh funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2022Series DDaol Private Equity; STIC Investments; DAOL Investment; Korea Development Bank; Woori Bank; Murex Partners; KT; IP Ventures$125M$391M-
Oct 2021Series CGS Retail (lead)$2M--
Sep 2021Series CDAOL Investment & Securities; IMM Investment; The Wells Investment$9M--
Apr 2021Series CDSC Investment (lead)$6M$67MTeamFresh 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 2021Series CDt& Investment; Harang Technology Investment; Stick Ventures; Nau IB Capital; NH Capital; Kakao Investment; Shinhan Capital; KT Investment$27M--
Apr 2020Series BTS Investment; Dt& Investment; K2 Investment Partners; Stick Ventures; NH Capital; Kolon Investment$13M--
Mar 2019Series AMurex 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

Investors in TeamFresh by funding rounds participated
InvestorHQRoundsRoleFirst check
Stick VenturesSouth KoreaSeongnam3ParticipantMar 2019
Dt& InvestmentSouth KoreaSeoul2ParticipantApr 2020
Murex PartnersSouth KoreaSeoul2ParticipantMar 2019
NH CapitalSouth KoreaSeoul2ParticipantApr 2020
Daol Private EquitySouth KoreaSouth Korea1ParticipantJun 2022
STIC InvestmentsSouth KoreaSeoul1ParticipantJun 2022
TS InvestmentSouth KoreaSeoul1ParticipantApr 2020
DAOL Investment & SecuritiesSouth KoreaSeoul1ParticipantSep 2021
DAOL InvestmentSouth KoreaSeongnam1ParticipantJun 2022
IMM InvestmentSouth KoreaGwangju1ParticipantSep 2021
DSC InvestmentSouth KoreaSeoul1LeadApr 2021
GS RetailSouth KoreaSouth Korea1LeadOct 2021
The Wells InvestmentSouth KoreaSouth Korea1ParticipantSep 2021

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TeamFresh Competitors

TeamFresh competitors include listed companies like Mahindra Logistics, Radiant Logistics and Super Group, and private ones like Transfix, CargoBeamer and Seven Islands Shipping.

Public and private companies comparable to TeamFresh
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Mahindra LogisticsIndiaIndiaPublicly listed$730M$39M$403M0.6x
TransfixUnited StatesNew York City, NYPrivate--$376M-
Radiant LogisticsUnited StatesUnited StatesPublicly listed$934M$39M$417M0.5x
CargoBeamerGermanyLeipzigPrivate--$418M-
Super GroupSouth AfricaSouth AfricaPublicly listed$2.8B$280M$365M0.3x
Seven Islands ShippingIndiaMumbaiPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Mahindra Logistics$730M$39M0.6x0.6x11.2x9.6x
Radiant Logistics$934M$39M0.5x0.5x12.0x12.2x
Super Group$2.8B$280M0.3x0.3x2.7x2.7x
Gulf Warehousing$380M$99M2.3x2.3x8.8x7.3x
Kerry TJ Logistics$403M$95M1.6x-6.8x-
Hargreaves Services$355M$51M1.1x0.9x7.4x7.0x
Eimskipafelag Islands$929M$99M0.7x-6.6x-
JSL SA$1.9B$383M0.8x0.8x4.1x4.3x

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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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