What is Kurly?
Founded in 2015, Kurly established itself as the first provider of fresh food morning delivery services in Korea. The company distinguishes itself through a comprehensive, end-to-end cold chain system that ensures product integrity from the producer to the consumer's doorstep. Beyond mere logistics, Kurly operates a sophisticated curation platform that connects high-quality producers with health-conscious consumers, effectively bridging the gap between traditional agricultural supply chains and modern digital retail demands. Its market position is fortified by a commitment to sustainable, healthy lifestyle solutions, including prepackaged meal plans that cater to the evolving needs of the urban South Korean demographic.
How much funding has Kurly raised?
Kurly has raised a total of $755.5M across 6 funding rounds:
Series C
$59.7M
Series D
$113M
Series E
$150M
Series F
$200M
Other Financing Round
$210M
Other Financing Round
$22.8M
Series C (2018): $59.7M with participation from DST Global and Sequoia Capital
Series D (2019): $113M led by China's Hillhouse Capital and Sequoia China
Series E (2020): $150M supported by Digital Sky Technologies and Hillhouse Capital (高瓴资本)
Series F (2021): $200M featuring Sequoia Capital China, Aspex Management, and DST Global
Other Financing Round (2021): $210M backed by Anchor Equity Partners
Other Financing Round (2026): $22.8M with participation from Naver
Key Investors in Kurly
Sequoia China
A prominent venture capital firm that manages funds across venture, growth, and late-stage opportunities, known for partnering with entrepreneurs to build global market leaders.
Digital Sky Technologies
A global investment group that focuses exclusively on the internet and internet-related companies, aiming to help portfolio firms realize their full potential in dynamic markets.
Naver
A South Korean internet conglomerate operating the country's largest search engine and web portal, with extensive interests in e-commerce, AI, and digital services.
What's next for Kurly?
With the successful closure of this latest funding round, Kurly is well-positioned to accelerate its strategic roadmap. The focus is expected to shift toward deepening its technological moat, potentially through enhanced AI-driven demand forecasting and further optimization of its logistics network. As the company navigates the complexities of the post-pandemic retail environment, the integration of strategic partnerships—such as those with major internet conglomerates—will likely play a pivotal role in expanding its service ecosystem. Investors are closely watching how Kurly will leverage this capital to maintain its market leadership while exploring new verticals in the broader food-tech and e-commerce sectors.
See full Kurly company page
