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The Venture Codex

Wefun

374, Gangnam-daero, Gangnam-gu, Seoul, Seoul-t'ukpyolsi, South Korea

Overview

위펀 is best known for its Snack24 snack subscription offering. The company plans to use most of the Series C proceeds to upgrade services, expand headcount, and pursue M&A—including logistics-company acquisitions to cut costs. Last year 위펀 reported 467억원 in revenue, up 127.8% from 205억원 the prior year. By October it served over 4,000 merchant customers, nearly double its 2021 cumulative customer count. Headcount is roughly 170 employees, and salary expenses rose to 52억원 from 21억원 year-over-year. Despite strong top-line growth, 위펀 posted an operating loss of 17억원 and negative operating cash flow of 36억원.

Total raised
$15M
Funding rounds
1
Latest round
Series C
Latest activity
Jun 2023

Industries

  • Food and Beverage
  • Snack Food
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Recent funding

  1. Series C

    Jun 2023

    $15M

Team

No current team members are available.