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Miguel Cordon · · 1 min read

Korean crafts marketplace secures $16m at $240m valuation

Backpackr is the company behind handmade goods marketplace Idus. It plans to enter new markets in Southeast Asia with the new capital. The company is headquartered in South Korea.

Funding details

  • Funding amount: $16,000,000
  • Lead investor: Altos Ventures
  • Other investors: Axiom Asia, Stone Bridge Management, Vanderbilt University
  • Stage: Series C+
  • Valuation: $240,100,000
  • Source

More details

Backpackr Inc

The company was founded in 2010 by Donghwan Kim and Dongchul Kim.

Stage Amount (US$) Investors
Series C+ $16M Stone Bridge Management, Vanderbilt University, Altos Ventures, Axiom Asia
Total $16M

See also: These are the most active investors in Korea’s startups

Editing by Lorenzo Kyle Subido

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Miguel Cordon

Finally updated my bio.