Real-time carpool app Poolus raises USD 20M from Naver to expand market


Founder: Tae Ho Kim

Founded in: 2016-03-30

Financing status: USD 20 million for undisclosed round in 2017

Mobile carpool service, Poolus, raised USD 20 million for this investment round. On October 31, Poolus announced that it raised USD 20 million from the joint venture fund between Naver and Mirae Asset, as well as other investors like YellowDog, SK, and Collaborative Fund.

It is interesting to note the specialties of these investors. The Collaborative Fund is one of the major funds based in the U.S., which has been successful in investing into sharing economy startups, such as Lyft and Kickstarter. SK also invested into Poolus after investing in various car sharing companies in 2015, such as SoCar in Korea and TURO in the U.S. YellowDog is an investment firm specializing in new technologies. They have invested in Shuttle Tayo (a shuttle service for children) and Stayes (a mid to long term accommodation service).

Poolus is planning to expand its market by investing in technology and marketing through this investment. Poolus launched Korea’s first ride-sharing service in 2016 and is now expanding its service area nationwide.

Tae-Ho Kim, the CEO of Poolus, said, “The fund secured through this investment round will be used in service development and expanding the market, for increasing the convenience of the service, as well as hiring great talent for our team. We will focus on providing the value of ride-sharing with innovative solutions so we can contribute to solving the problems associated with transportation and the environment.”

This article, entitled “Real-time carpool app Poolus raises USD 20M from Naver to expand market”, was written in Korean by Margot Jung of Platum, edited by AllTechAsia.

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