*Accelerating Global Expansion and Growth*
SEOUL,
South Korea, July 12,
2024 /PRNewswire/ -- On July
12, Miridih Co., Ltd. (hereinafter referred to as Miridih)
announced that it has successfully secured new funding through a
Series B investment. Miridih is well-known for its SaaS-based
design platform, MiriCanvas, which boasts 13 million users, making
it the largest of its kind in South
Korea.
The total investment amounting to KRW 20
billion (approximately USD 15
million) included participation from Kiwoom PE, Industrial
Bank of Korea(IBK), Shinhan Venture Investment, and G.N. Tech
Venture Capital. With this investment, Miridih's post-money
valuation has been recognized at KRW 280
billion (approximately USD 215
million), raising expectations for its growth and
innovation. G.N. Tech Venture Capital, in particular, highly
evaluated Miridih's domestic success and global potential, actively
considering a follow-on investment. The investment was made through
the issuance of Redeemable Convertible Preferred Shares(RCPS).
Miridih plans to utilize the newly raised funds for talent
acquisition and global marketing to further accelerate its global
expansion. CEO Kang Changseok of
Miridih stated, "We are delighted to introduce MiriCanvas, the
largest design platform in Korea, to the global market. With this
investment, we aim to lead the innovation of the global design
ecosystem and create a convenient design culture, both domestically
and internationally."
Founded in 2008, Miridih has successfully established itself in
the domestic market with its SaaS-based design platform
'MiriCanvas' and POD printing service 'BizHows.' The company has
shown remarkable growth each year, attracting significant
attention. Miridih recorded sales of KRW
14.7 billion in 2020, KRW 19.3
billion in 2021, KRW 33.1
billion in 2022, and KRW 60.7
billion (with an operating profit of KRW 7.7 billion) last year in 2023, continuing
its explosive upward trend. This investment is expected to further
accelerate its growth, marking a crucial milestone in its journey
to becoming a global unicorn company.
Meanwhile, Miridih announced plans to select an IPO underwriter
in the second half of 2024 and officially begin preparations for
its IPO.
CONTACT: Yeongmin Heo, COO, Josh Inseung Yoon, CFO,
fund.notice@miridih.com
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SOURCE Miridih