What is Kurly?
Founded in 2015 and headquartered in Seoul, Kurly revolutionized the domestic grocery market by introducing the first dedicated morning delivery service for fresh produce. The company distinguishes itself through a proprietary, end-to-end cold chain system that ensures product integrity from farm to doorstep. By integrating rigorous product curation with a seamless digital interface, Kurly has established a dominant footprint in the Korean food-tech ecosystem. Its business model focuses on enhancing the quality of life for consumers while providing a robust distribution channel for producers and sellers, effectively bridging the gap between traditional agriculture and modern digital convenience.
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 Sequoia Capital and DST Global
Series D (2019): $113M led by Sequoia China and China's Hillhouse Capital
Series E (2020): $150M supported by Digital Sky Technologies and Hillhouse Capital (高瓴资本)
Series F (2021): $200M featuring DST Global, Sequoia Capital China, and Aspex Management
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 with a global footprint, specializing in early-stage and growth-stage investments across technology and consumer sectors.
Digital Sky Technologies
A leading global investment group focused exclusively on internet-related companies, known for backing market leaders in the digital economy.
Naver
A South Korean internet conglomerate operating the nation's largest search engine and a diverse ecosystem of digital services, including e-commerce and mobile payments.
What's next for Kurly?
As Kurly transitions into its next phase of enterprise-level growth, the focus remains on optimizing operational efficiency and expanding its service reach. The infusion of capital from recent financing rounds provides the necessary runway to enhance its AI-driven logistics and further refine its product offerings. By leveraging strategic partnerships with major internet conglomerates and private equity firms, Kurly is well-positioned to maintain its competitive advantage. Future initiatives will likely prioritize the integration of advanced supply chain technologies and the potential diversification of its e-commerce portfolio to sustain long-term market leadership in the rapidly evolving food-tech sector.
See full Kurly company page
