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Venture Capital
FINANCIAL | Investment Firms & Funds
ktbnetwork.com

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Investments

117

Portfolio Exits

12

Funds

5

About KTB Network

KTB Network is a professional venture investment company that seeks innovative and creative growth of the business with the most competent investment specialists group from various sectors. KTB Investment & Securities' venture capital entity in Korea and China are under the name KTB Network and the entity in the US is under KTB Ventures.

KTB Network Headquarter Location

10FL, USpace 2A dong 670, Daewangpangyo-ro, Bundang-gu, Seongnam-si

Gyeonggi-do, 13494,

South Korea

+82 031-628-6400

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Page Views per Million (PVPM)
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Latest KTB Network News

To expand its experience centers beyond Jakarta, Dekoruma nets US $15 M in Series C Funding

Aug 25, 2021

Dekoruma, an Indonesian online platform that provides home furnishing and interior design services, said today that it has secured US$15 million in its Series C funding round. Nexter Ventures, backed by Thailand’s SCG Cement-Building Materials, and South Korea’s KTB Network are among the round’s key investors. Existing investors GDN, OCBC NISP Ventura, and Foundamental contributed as well. It raised an unknown sum in pre-Series C from InterVest Star SEA Growth Fund and current investors over a year ago. Dekoruma is presently in negotiations with investors to contribute further cash to the current round, according to its co-founder and CEO Dimas Harry Priawan. The new funds will be used to develop its Dekoruma Experience Centre, an O2O concept, outside of Jakarta. According to the firm, the experience center, which opened at the end of 2019, lowers acquisition costs and boosts online transactions in the area. In order to attract additional designers, the firm will also create new products and services and integrate its project management system (PMS) NOMA. By the end of 2022, Dekoruma hopes to be present in about eight cities across the archipelago. “The product and ecosystem that we have built have eliminated inefficiencies that plague the industry. It translates to more affordable products and hyper-transparent services that our customers and partners delight in. We will scale up by expanding our business beyond Jakarta and partnering with more partners and property developers,” said Priawan. Dekoruma began as a furniture marketplace in 2016 and has now evolved into an ecosystem that connects home furnishing retailers, interior designers, contractors, and property developers. It has also just introduced property brokerage to its B2C offerings. Dekoruma claims to have serviced over a million clients to date, working with over 5,000 designers and contractors, as well as nearly all tier 1 and tier 2 property developers in Indonesia. Dekoruma’s revenue has quadrupled, and for the past 18 months, all business divisions have been CM3 (contribution margin 3) positive. The firm intends to be EBITDA-positive by the end of 2022, with a multi-year runway. “Our focus now is to grow our business and hit EBITDA-positive by the end of 2022. Then, we will gear up for an IPO sometime in the end of 2023,” added Priawan. Dekoruma claims that almost all of its clients have virtually had talks with interior designers through NOMA since the COVID-19 epidemic struck at the beginning of last year. In Indonesia, the home and living business is worth around $10 billion. People in the archipelago are still on lockdown and remain at home, as they are in other areas of the world. As a result, there has been a considerable increase in the demand for housing and living. Priawan said Dekoruma is becoming the third-largest company in Indonesia after Informa (Kawan Lama Group) and IKEA. “We expect the demand to go up further both in the residential and commercial sectors since most offices, F&B outlets, and hotels will eventually have to focus on creating safe and pandemic-free spaces”. SHARE

KTB Network Investments

117 Investments

KTB Network has made 117 investments. Their latest investment was in Dekoruma as part of their Series C on August 8, 2021.

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KTB Network Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/24/2021

Series C

Dekoruma

$15M

Yes

Blibli, Foundamental, NEXTER Ventures, and OCBC NISP Ventura

3

7/21/2021

Series A

Novorex

$9.11M

Yes

BNH Investment, Company K Partners, eBest Investment & Securities, Synergy IB Investment, and UTC Investment

1

7/21/2021

Series B

Sir. LOIN

$13.91M

Yes

SL Investment, Smilegate Investment, SV Investment, and WONIK Investment Partners

2

7/13/2021

Series B

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$99M

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10

7/12/2021

Series B

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$99M

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10

Date

8/24/2021

7/21/2021

7/21/2021

7/13/2021

7/12/2021

Round

Series C

Series A

Series B

Series B

Series B

Company

Dekoruma

Novorex

Sir. LOIN

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Amount

$15M

$9.11M

$13.91M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Blibli, Foundamental, NEXTER Ventures, and OCBC NISP Ventura

BNH Investment, Company K Partners, eBest Investment & Securities, Synergy IB Investment, and UTC Investment

SL Investment, Smilegate Investment, SV Investment, and WONIK Investment Partners

Sources

3

1

2

10

10

KTB Network Portfolio Exits

12 Portfolio Exits

KTB Network has 12 portfolio exits. Their latest portfolio exit was Obigo on July 13, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/13/2021

IPO

Public

1

6/25/2021

IPO

$991

Public

1

5/17/2021

Acquired

MUSINSA

2

00/00/0000

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10

00/00/0000

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10

Date

7/13/2021

6/25/2021

5/17/2021

00/00/0000

00/00/0000

Exit

IPO

IPO

Acquired

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Companies

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Valuation

$991

Acquirer

Public

Public

MUSINSA

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Sources

1

1

2

10

10

KTB Network Fund History

5 Fund Histories

KTB Network has 5 funds, including Naver-KTB Audio Content Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/1/2017

Naver-KTB Audio Content Investment Fund

Multi-Stage Venture Capital

$27.53M

3

7/23/2013

KTB China Platform Fund

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$99M

10

10/30/2011

KoFC-KTBN Pioneer Champ 2011-5 Venture Capital Fund

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$99M

10

7/21/2010

KoFC-KTBN Pioneer Champ 2010-15 Venture Capital Fund

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$99M

10

6/30/2006

KTB China Optimum Fund

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$99M

10

Closing Date

5/1/2017

7/23/2013

10/30/2011

7/21/2010

6/30/2006

Fund

Naver-KTB Audio Content Investment Fund

KTB China Platform Fund

KoFC-KTBN Pioneer Champ 2011-5 Venture Capital Fund

KoFC-KTBN Pioneer Champ 2010-15 Venture Capital Fund

KTB China Optimum Fund

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$27.53M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

KTB Network Team

2 Team Members

KTB Network has 2 team members, including current Chief Executive Officer, Jin Ho Shin.

Name

Work History

Title

Status

Jin Ho Shin

Chief Executive Officer

Current

Hye Young Kim

Chief Administrative Officer

Current

Name

Jin Ho Shin

Hye Young Kim

Work History

Title

Chief Executive Officer

Chief Administrative Officer

Status

Current

Current

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