Total amount raised
$191.6 Millions
Latest funding date
6/1/2023
Location
Moloco has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company specializes in machine learning-powered performance advertising solutions, optimizing client acquisition and monetization campaigns.
Keep reading to explore the intricacies of Moloco's fundraising journey and the investors backing this innovative platform.
What Is Moloco?
Moloco, founded in 2013 by David Sehyuk Park and Ikkjin Ahn, is headquartered in Redwood City, California. The company specializes in machine learning-powered performance advertising solutions, helping clients optimize acquisition, retention, and monetization campaigns.
Moloco's product suite includes Moloco Ads, Moloco Commerce Media, and Moloco Streaming Monetization, catering to various industries and platforms. The company leverages advanced machine learning technology to deliver scalable and adaptable advertising solutions.
With a team of 501-1000 employees, Moloco continues to innovate and expand its offerings, drawing on the expertise of top talents from leading tech companies like Google, Amazon, and Twitter.
How Much Funding Has Moloco Raised?
- Series A
- Amount Raised: $4M
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial product offerings and expand the team.
- Venture Round
- Amount Raised: $6.6M
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance machine learning capabilities.
- Series B
- Amount Raised: $11M
- Date: May 2018
- Lead Investors: Draper Athena, Samsung Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in R&D.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: LG Technology Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and enter new markets.
- Series C
- Amount Raised: $20M
- Date: May 2021
- Lead Investors: Shinhan GIB, Smilegate Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and prepare for larger funding rounds.
- Series C
- Amount Raised: $150M
- Date: August 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $1.5B
- Motivation Behind the Round: To expand machine learning capabilities and prepare for a potential IPO.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $191.6M
Current Valuation: $1.5B
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies. They are known for their significant investments in high-growth technology companies.
- Investment Focus Areas: Technology, Telecommunications, Media, Consumer, Industrial sectors
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe
- Shinhan GIB
- Details: Shinhan GIB is the investment banking arm of Shinhan Financial Group, one of the largest financial groups in South Korea. They provide a range of financial services including investment banking, asset management, and private equity.
- Investment Focus Areas: Financial Services, Technology, Real Estate
- Notable Investments: Coupang, Kakao, Viva Republica
- Smilegate Investment
- Details: Smilegate Investment is a venture capital firm based in South Korea. They focus on early to growth-stage investments in innovative companies.
- Investment Focus Areas: Gaming, Technology, Healthcare
- Notable Investments: PUBG Corporation, Toss, Woowa Brothers
- LG Technology Ventures
- Details: LG Technology Ventures is the venture capital investment arm of LG Group. They invest in startups that align with LG's strategic interests.
- Investment Focus Areas: Electronics, Telecommunications, Energy, Healthcare
- Notable Investments: QuantumScape, SiFive, SambaNova Systems
- Draper Athena
- Details: Draper Athena is a venture capital firm that invests in early and growth-stage technology companies. They are part of the Draper Venture Network, a global alliance of venture capital firms.
- Investment Focus Areas: Technology, Healthcare, Fintech
- Notable Investments: Tesla, Baidu, Skype
What's Next for Moloco?
Moloco stands at the cusp of significant growth opportunities, driven by the expansion of its machine learning engine and the launch of its Retail Media Platform. With an annual net revenue run rate exceeding $100 million, the company is poised to capitalize on the booming e-commerce sector and the increasing importance of data-driven advertising.
Future fundraising efforts, including a potential IPO, are likely as Moloco continues to attract interest from major investors like Tiger Global Management. However, the company must navigate challenges such as competition from tech giants and ensuring compliance with evolving consumer privacy laws.
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