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Retail tech startup Zoyi Corporation raises USD 4M to expand into global market

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Zoyi Corporation

Founder:Siwon Choi

Founded in:2014

Financing status:USD 4 million for undisclosed round in 2017

Retail tech startup, Zoyi Corporation, raised a total of USD 4 million for their Series B investment round from Global Brain, Colopl Next, and other investors. Zoyi Corporation is a company that develops technology to improve the shopping experience of online and offline commerce. The company operates Walk Insights, an offline store visitor analysis service, and Channel, a communication solution for online malls.

Walk Insights is a service that analyzes pre-purchase visitors, which used to be only available in online malls. Through their internally developed sensor, visitor trends such as population flow, visitors, length of visit, and revisit rate are analyzed to offer the necessary analysis results for the store’s operation. Since its launch in 2014, it has been used by a variety of retail companies such as Samsung Electronics, Fila Korea, Innisfree, and it is being used in over 20 countries.

Channel implements the offline customer service experience in online commerce. When the Channel solution is installed, customers can click the Channel icon on the website and communicate with the staff anytime, anywhere. Since its launch last year, over 3,000 online shopping malls and startups, such as Yanadoo, Chu, Woman’s Talk, Papa Recipe, and Sellit have integrated it into their service and have been communicating with their customers.

Nobutake Suzuki, the Partner at Global Brain and who led this investment deal, said, “Zoyi Corporation has focused on growing its customer base around leading retail brands in Korea and Japan. We will help them to grow rapidly in the global market”.

Siwon Choi, CEO of Zoyi Corporation, mentioned, “In the past 3 years, Walk Insights has become one of Asia’s leading big data analytic services. In the future, we will expand to CRM and marketing areas based on our big data technologies”.

In the past, Zoyi Corporation received around USD 2 million from Korea Investment Partners, Aju IB and Bon Angels. Through this investment round, their accumulated investment amount reached USD 6 million.

This article, entitled “Retail tech startup Zoyi Corporation raises USD 4M to expand into global market”, was written in Korean by Margot Jung of Platum, edited by AllTechAsia.

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