Kakao is a chat app. The company operates a Korean ride-hailing service. According to the TechCrunch Crunch Report, Kakao raised $437M to support that ride-hailing service. The article lists the amount and purpose but does not provide additional financial details or participating investors. The item appeared as a brief entry in a TechCrunch roundup. Kakao Corp. develops KakaoTalk, a downloadable mobile messaging application that lets users send and receive text, photos, videos, voice messages, URL links and contact information for free. The app is available in English, Spanish, Japanese and Korean and runs on iOS, Android and BlackBerry (open beta). KakaoTalk is used by over 25 million users worldwide. The company raised an undisclosed amount of funding from DCM. The investment came via A‑Fund, DCM’s vehicle focused on companies leveraging the Android ecosystem. A‑Fund was established in April 2011 and is backed by KDDI, GREE and Tencent.

Total raised

$437M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2017