Balaan

Balaan

Private
Seoul, SeoulConsumer & Commercehttps://www.balaan.co.kr

Last Round

Convertible Debt

Feb 28, 2025

Est. Valuation

$30.35M

Total Funding Raised

$55.4M

Company Overview

Balaan is a fashion e-commerce company that provides a diverse selection of clothing, accessories, and jewelry from renowned luxury brands, allowing customers to shop for high-end products online at affordable prices.

Sector

Consumer & Commerce

Verticals

E-commerce, Fashion & Beauty, Retail Technology, Mobile Commerce, Digital Advertising

Business Model

B2C

Customer Profile

Marketplace Commission

AI Layer

Non-AI

Keywords

online luxury marketplaceluxury e-commerceluxury platformluxury fashionmarketplace commissioncorporate rehabilitationcourt receivershipdrop-ship modelSouth Korean e-commerceB2C marketplaceglobal boutiquesB2B platformproduct sourcingon-site advertising

Historical Pricing

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Caplight Momentum Score

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Balaan Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Balaan Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Convertible DebtFeb 28, 2025
Series COct 14, 2022
Series BOct 21, 2021
StrategicNov 10, 2020
Series ADec 20, 2019
Pre Seed
Jan 1, 2018

Key People

Founding team and executive leadership

Joonhong Park

Co-Founder Chief Product Officer

Founding Team

최형록

CEO

Executive Team

Hyungjun Choi

COO

Executive Team

Balaan Investors

Notable investors and investment history

InvestorRounds
SparkLabs GroupPre Seed
SBI Investment KoreaSeries B
JB Asset ManagementSeries A
Kolon InvestmentSeries B
Company K PartnersSeries C, Series B
Korea Growth Investment CorporationSeries B
KTB VenturesSeries C, Series B

Balaan Filings

SEC and related filings with document metadata.

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Balaan Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Balaan's valuation, stock price, and market status.

Firmographic Details

HeadquartersSeoul, Seoul
Employee Range41
Year Founded2015
Last FundingFeb 28, 2025

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