Volvik
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Volvik - overview
Established
1980
Location
Seoul, -, South Korea
Primary Industry
Consumer Products
About
Volvik specializes in producing high-quality golf balls and personalized golf merchandise, catering to both amateur and professional golfers with innovative products designed for performance enhancement. Founded in 1980, Volvik is headquartered in Seoul, South Korea. The company focuses on developing premium golf balls and related products, having completed a total of 7 deals to date. In March 2022, Volvik raised KRW 22.
3 billion in venture funding from T. S. Investment, marking its latest round of investment. The current company valuation stands at KRW 53.
7 billion. Volvik's core product offerings center around high-quality golf balls and custom golf-related merchandise designed for a range of users, including amateur and professional golfers. Their main product lines, such as the CONDOR series and the innovative VIVID line, are engineered using advanced V-Technology to enhance performance, offering products that cater to various playing styles and preferences. The company also specializes in custom solutions for businesses, allowing clients to create personalized golf balls and accessories featuring unique designs and messages.
Volvik distributes its products across a broad range of international markets, serving customers in over 60 countries, thus ensuring that golf enthusiasts worldwide can access their unique offerings. In the most recent year, 2024, Volvik reported revenue of KRW 34,119,091. 5 and an EBITDA of KRW 541,630. 6.
The company generates revenue primarily through B2B and direct-to-consumer sales, leveraging partnerships with retailers and wholesale distributors as well as their own online channels. The company engages in transactions that typically involve bulk orders for custom golf balls and branded merchandise for corporate clients, in addition to individual sales through authorized retailers and their official online store. While specific pricing details for products such as the CONDOR and VIVID lines are not disclosed, the company’s emphasis on delivering custom solutions and high-quality golf products positions it competitively within the market. These revenue streams are bolstered by events and marketing campaigns, such as the CONDOR Eagle Challenge, which foster brand awareness and customer engagement.
Volvik plans to leverage the recent funding of KRW 22. 3 billion secured in March 2022 to support its growth initiatives. The company is focused on enhancing its product lineup with new golf ball designs expected to launch in the next fiscal year. Additionally, Volvik aims to expand its market presence in North America and Europe by the end of 2025, targeting both retail and online sales channels to reach a broader audience.
Current Investors
SK Securities, DB Securities, Hana Securities
Primary Industry
Consumer Products
Sub Industries
Recreational Hobbies & Sporting Goods
Website
www.volvik.co.kr
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Volvik - timeline of key events
Volvik - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 22,241,790,976 | 26,669,866,411 | 30,256,839,403 | 32,201,751,609 | 28,763,787,593 | 31,433,597,071 | 42,329,807,891 | 43,697,670,318 | 42,505,666,897 | 37,817,258,724 | 47,337,146,289 | 51,465,017,014 | - | - | - |
| % Revenue Growth (YoY) | - | 19.9% | 13.4% | 6.4% | (10.7%) | 9.3% | 34.7% | 3.2% | (2.7%) | (11.0%) | 25.2% | 8.7% | - | - | - |
| EBITDA (USD) | 2,222,171,945 | 12,900,908 | 3,015,439,544 | 3,793,013,379 | 2,538,734,539 | 2,032,147,775 | 2,632,138,617 | 3,158,385,324 | (2,366,776,021) | (31,128,044) | 760,278,594 | (5,056,513,019) | - | - | - |
| Operating Income (USD) | 1,269,489,543 | (1,114,782,024) | 1,710,890,563 | 2,477,440,322 | 1,349,976,742 | 789,441,894 | 989,685,080 | 1,475,559,068 | (4,434,535,032) | (2,205,711,018) | (1,181,135,922) | (5,978,504,677) | - | - | - |
| Operating Margin | 5.7% | (4.2%) | 5.7% | 7.7% | 4.7% | 2.5% | 2.3% | 3.4% | (10.4%) | (5.8%) | (2.5%) | (11.6%) | - | - | - |
| % EBITDA Margin | 10.0% | 0.0% | 10.0% | 11.8% | 8.8% | 6.5% | 6.2% | 7.2% | (5.6%) | (0.1%) | 1.6% | (9.8%) | - | - | - |
| NET Income (USD) | 937,688,351 | (815,984,934) | 1,022,098,373 | 1,508,286,617 | 142,206,924 | 801,106,475 | (2,013,328,254) | 2,539,263,968 | (7,446,766,151) | (3,265,489,929) | (3,877,991,884) | (11,577,166,124) | - | - | - |
| % Net Margin | 4.2% | (3.1%) | 3.4% | 4.7% | 0.5% | 2.5% | (4.8%) | 5.8% | (17.5%) | (8.6%) | (8.2%) | (22.5%) | - | - | - |
Volvik - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | Volvik | - | ||||||||
| PIPE | Completed | Volvik | - | ||||||||
| PIPE | Completed | Volvik | - | ||||||||
| PIPE | Completed | Volvik | - | ||||||||
| IPO | Completed | Volvik | - |
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Volvik - employee data
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