Yanolja is a Seoul, South Korea-based travel and leisure platform that provides cloud-based services covering accommodation, leisure and transportation. Led by Lee Su Jin, the company leverages IoT, AI, big data and blockchain technologies across its offerings. It supplies automated solutions and personalized services for travelers via its platform. Yanolja plans to use the funds to invest in developing innovative technologies and to expand its technology offerings into new markets. The company intends to build and operate an advanced global travel platform (GTP) by upgrading and enhancing its automated solutions using artificial intelligence and personalized offerings based on big data. Yanolja started as an advertising platform for love hotels and expanded into an app-based booking service, repositioning short-stay properties for younger travelers. The company claims more than 200 hotels in Korea and has expanded overseas through partnerships and investments. It struck a deal to invest $15 million into Rocket Internet‑backed Zen Rooms and has a partnership with Agoda to support its international push. CEO Kim Jong-yoon has said the company is keen to go global, and management has indicated a rough IPO timeframe of 2022. Financially, revenue has grown at an annual rate of over 70% for the past five years; revenue last year was 188.5 billion KRW (about $160 million). The company is growing quickly but is not yet profitable.

Total raised

$1.9B

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2021