Balaan
Korea's luxury fashion destination
Seoul, South Korea · Founded 2015 · $17.0M raised
- Headquarters
- Seoul
- Employees
- 51–200
- Founded
- 2015
- Business Model
- Marketplace
- Website
- balaan.co.kr
- Total Funding
- $17.0M
- Last Round
- $17.0M Corporate RoundOct 2022
- Rounds
- 3
About
Balaan (발란) is a South Korean online luxury fashion marketplace founded in 2015 and headquartered in Seoul, connecting consumers with authenticated designer goods from global boutiques and brands including clothing, footwear, and accessories. The platform aggregates luxury inventory from hundreds of domestic and international retailers, enabling Korean consumers to shop premium brands at competitive prices with authenticity guarantees. Balaan grew rapidly during South Korea's luxury e-commerce boom before entering court receivership amid tightening venture capital and competitive pressure in 2023–2024.
Summary
Balaan is an E-Commerce company based in Seoul, South Korea, founded in 2015. It has raised $17.0M in total across 3 rounds, most recently a $17.0M Corporate Round round in Oct 2022. Investors include Shinhan Venture Investment, Company K Partners and KTB Ventures.
Funding History
Oct 2022
Sign up to see all 3 rounds
Corporate Round through Series C — per-round amounts, valuations, and who invested in each round.
Investors
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