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South Korea – Professional networking site Remember nets $134 million in Series D Funding (Pulse News)

South Korea – Professional networking site Remember nets $134 million in Series D Funding (Pulse News)

December 20, 2021

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Drama & Company, the operator of Remember, dubbed the Korean version of Linkedin, will raise KRW 160 billion (USD 134.2 million) in series D funding from investors including private equity fund Ark & Partners and Saramin HR, reports Pulse News. The company plans to use the new funds to recruit talents and acquire companies in order to grow Remember as a comprehensive business portal. “Remember will make the most of its data on workers, the largest in the country, to lead the changing trend in the job market,” the company said. Saramin has decided to make an investment in the company on expectations that Remember will grow bigger on strengthening preferences of businesses for skilled workers over new employees. Remember was launched in 2014 by Choi Jae-ho, Drama & Co.’s CEO, with hopes to develop it as a business people networking platform like LinkedIn. It now has 3.5 million users.