Funding round
Kurly Growth
Reported as "Growth Equity"
Kurly, which works in healthy food ingredient retail in South Korea, raised $210M in a Growth round announced on 19 Dec 2021, led by Anchor Equity Partners, at a $3.30B post-money valuation. 1 firm took part. It is Kurly's fifth venture round on record; the one before was a Series F in Jul 2021.
$210M
Amount raised
$3.30B
Post-money valuation
$3.09B pre-money
1
Investors
1 lead
1.5x
Step-up from the Series F
$2.20B in Jul 2021
6.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kurly at $3.30B after the new money, 1.5 times the $2.20B of its Series F (Jul 2021). The $210M bought investors about 6.4% of the company. It came 5 months after Kurly's Series F. It is 32% of the $648M Kurly has raised in the venture rounds on record. No later venture round is on record for Kurly.
Kurly's funding rounds
Kurly has 5 venture rounds on record. This one is highlighted.
- Series C 20 Sep 2018, led by DST Global amount not disclosed
- Series D 1 Apr 2019 $88M
- Series E 8 Apr 2020, led by DST Global $150M$780M post-money
- Series F 9 Jul 2021, led by Aspex Management, DST Global and HSG $200M$2.20B post-money
- Growth this round 19 Dec 2021, led by Anchor Equity Partners $210M$3.30B post-money
Investors
Who put money in
Anchor Equity Partners led the round.
Lead investor
- backs 3 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Growth rounds in Groceries within a year either side disclosed an amount; the median was $150M, and this round was 1.4 times the median. The closest in time, other companies' Growth rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gopuff Groceries | 23 Dec 2021 | $1.50B | $4.00B | Guggenheim Partners |
| Groceries | 2 Dec 2021 | $260M | $1.20B | not named |
| Gousto Groceries | 7 Jan 2022 | $150M | not disclosed | SoftBank |
| Groceries | 9 Nov 2021 | $2.8M | not disclosed | Maven Capital Partners |
| Gousto Groceries | 24 Feb 2022 | $230M | not disclosed | SoftBank and SoftBank Vision Fund |
| Groceries | 29 Mar 2022 | $55M | not disclosed | HV Capital |
| Groceries | 30 Jun 2021 | $120M | not disclosed | not named |
| Groceries | 3 Feb 2021 | $100M | not disclosed | Glade Brook and GV |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Kurly raise in its Growth round?
Kurly raised $210M in its Growth round, announced in Dec 2021.
Who led Kurly's Growth round?
Anchor Equity Partners led it.
What was Kurly's valuation at the Growth round?
$3.30B post-money ($3.09B pre-money).
How does it compare with other Growth rounds in Groceries?
9 Growth rounds in Groceries within a year either side disclosed an amount; the median was $150M, and this round was 1.4 times the median.