WEFUN
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WEFUN - overview
Established
2018
Location
Seoul, -, South Korea
Primary Industry
Software
About
Based in Seoul, South Korea, and founded in 2018 by CEO Kim Heon, Wefun Co. , Ltd. provides a B2B online platform for the employees’ welfare of the customer company. In 2018, the company initially offered Snack24 services, which provide snack management services.
In April 2021, Wefun Co. , Ltd. raised KRW 8. 5 billion in series B funding from investors Donghoon Investment, NAU IB Capital, NH Bank, NICE Investment Partners, UTC Investment, Spring Camp, and Strong Ventures.
In May 2023, WEFUN INC. raised KRW 20 billion in series C funding from new investor Korea Development Bank, with participation from returning investors NICE Investment Partners, NH Bank, NAU IB Capital, and Donghoon Investment. The company offers Snack 24, follow-up service brands such as Birthday, Breakfast, Book, and Consultation services to improve corporate employee work environments and work-life balance. In addition, the company also provides comprehensive project management software with a user-friendly interface and customizable features that enable teams to collaborate efficiently, streamline workflows, and meet project deadlines with ease.
The firm also offers space management services, such as real estate, interior, door-to-door, and cleaning.
Current Investors
NH Bank, Strong Ventures, UTC Investment
Primary Industry
Software
Sub Industries
eMarketing/Digital Marketing, Marketing/Advertising, Consumer Products, Snack Foods, Analytics & Performance Software, Customer Relationship Management, HR & Workforce Software, Legal Software, Operating Systems (OS), Systems Management Software
Website
www.wefuncorp.com
Verticals
Cloud Computing, E-commerce, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
WEFUN - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | HUMAN FOOD | - | ||||||||
| Add-on | Completed | WOOLIN | - |
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