Company Details
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
Recent funding
Series C
Jun 2023
$15M
Team
No current team members are available.