Aug 11, 2020

PUBLISHED :August 10, 2020 - 16:39 UPDATED :August 11, 2020 - 10:00 Gooroome, a local videoconferencing solution startup, has secured 2 billion won ($1.68 million) in pre-A funding round led by Innopolis Partners. “Gooroomee owns the country’s top two-way interaction videoconferencing technology. As the ‘untact’ lifestyle expands amid Covid-19, we expect Gooroomee to grow rapidly,” Cho Gyu-cheol, partner at Innopolis who led the investment, said. In addition to Innopolis‘ investment of 1 billion won, PNP Investment and Winvest Venture Capital also joined the funding round. With the latest round, the company’s total funding stood at 2.9 billion won. Previously focusing on B2C service, South Korea’s alternative to global videoconferencing tools such as Zoom has expanded its business scope to B2B services due to high demand from companies and educational institutes that were adapting to remote work and classes. It has also attracted several merger and acquisition offers. The company’s monthly sales in July grew tenfold from January, with sales of its B2B service jumping by 1,000 percent. “With the proceedings, we plan to hire many more talents this year and put effort into marketing,” Lee Rang-hyuck, founder and CEO of Gooroomes, told The Investor. By Park Ga-young (gypark@heraldcorp.com)