IT-based trading company Notag Korea secures 2.55 billion KRW 'Series A' funding.

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IT-Based Trading Company Notag Korea Raises 2.55 Billion KRW in Series A Funding

Notag Korea, an IT-driven comprehensive trading company, announced on the 22nd that it has secured 2.55 billion Korean won (approx. USD 1.9 million) in Series A funding. With this round, the company’s cumulative funding now totals 4.05 billion won.

Notag Korea has developed and operates NTMS, a solution that integrates and manages over 50 online commerce platforms and national logistics centers across seven Southeast Asian countries.

In this Series A round, previous pre-Series A investors DGB High-Investment Partners and Lotte Ventures participated again, while Blue Corner, AC Pathfinder, Korea Entrepreneurship Foundation, and the Yoonmin Creative Investment Foundation joined as new investors.

The company also supports the operation of local D2C (direct-to-consumer) commerce, logistics systems, and customer service centers for Korean brands entering Southeast Asia. More than 80 fashion, beauty, and lifestyle brands are distributed locally through Notag Korea, including:

• CHICOR, Shinsegae Department Store’s beauty select shop

• Rael, a feminine care brand

• MARHEN.J, a vegan fashion brand

• HDEX, an athleisure brand

CEO Choi Ung stated, “With this Series A funding, we plan not only to enhance our export-distribution network across seven Southeast Asian countries but also to invest in discovering and connecting with major fashion and beauty distribution channels in Europe.”

[Unicorn Factory – MoneyToday’s startup media platform]

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