Interest-Based Community 'Munto' Secures 5.2 Billion KRW Series A Funding

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Interest-based community platform Munto announced on the 13th that it has completed a Series A investment round worth 5.2 billion KRW. Existing investors including IMM Investment, Daekyo Investment, and Bon Angels Partners, as well as new investors Jet Venture Capital (hereinafter ZVC) and Industrial Bank of Korea participated in this round. Munto's total accumulated investment amount now stands at 7.2 billion KRW. ZVC is a corporate venture capital (CVC) led by Z Holdings. Z Holdings owns global mobile platform LINE and Yahoo Japan as subsidiaries.

Munto is an interest-based community platform that helps more people connect better both online and offline based on their interests. Since its launch in January 2021, within 25 months, it has achieved approximately 180,000 cumulative community openings, 100,000 cumulative feeds, and 520,000 cumulative members, growing more than 500 times compared to its initial launch. Munto plans to use this investment to recruit talent and advance its service.

Imiri, CEO of Munto, said, "With the development of information technology, individual tastes have become more segmented, and the demand for online and offline communities based on personal interests has never been higher." She added, "Munto will keep pace with these lifestyle changes and evolve into a super service that enables all interest-based activities, from socializing based on interests to information sharing and marketplace."

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