Funding round
Kurly Series D
Kurly, which works in healthy food ingredient retail in South Korea, raised $88M in a Series D round announced on 1 Apr 2019. 2 firms took part. It is Kurly's second venture round on record; the one before was a Series C in Sep 2018.
$88M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Kurly did not disclose a valuation in this round. It came 7 months after Kurly's Series C. It is 14% of the $648M Kurly has raised in the venture rounds on record. Kurly raised again 12 months later: a Series E round of $150M in Apr 2020, at $780M post-money.
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 this round 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 19 Dec 2021, led by Anchor Equity Partners $210M$3.30B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- new investor
- HSG backs 118 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Apr 2019 | $175M | $1.50B | Accel and GV |
| Glovo Food delivery | 30 Apr 2019 | $168M | not disclosed | Lakestar and Drake |
| Motive Tech Companies | 23 Apr 2019 | $149M | $1.25B | Greenoaks Capital |
| Hardware Stores | 2 Apr 2019 | $123M | not disclosed | not named |
| Metal Plating, Polishing & Coloring | 23 Apr 2019 | $70M | not disclosed | not named |
| Tech Companies | 25 Apr 2019 | $70M | $600M | Insight Partners |
| Tech Companies | 17 Apr 2019 | $27M | not disclosed | Viola Group |
| Tech Companies | 15 Apr 2019 | $27M | not disclosed | Blue Cloud Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Kurly raise in its Series D round?
Kurly raised $88M in its Series D round, announced in Apr 2019.
Which investors took part in Kurly's Series D round?
GVP Investments and HSG.
What was Kurly's valuation at the Series D round?
It was not disclosed.
Did Kurly raise again after this round?
Yes: a Series E round in Apr 2020 of $150M at $780M post-money.