About DAOL Ventures
DAOL Ventures is a venture capital firm founded in 1981. It is primarily based out of Palo Alto, United States. As of Dec 2022, DAOL Ventures has invested in 6 companies. It primarily invests in Series B round in South Korea based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and Retail. Most recently it participated in the $***** Series B round of LBox Overall, DAOL Ventures portfolio has seen 1 unicorn and 1 IPO, namely Moloco and Onconic Therapeutics. A lot of funds co-invest with DAOL Ventures, with names like Korea Development Bank Europe sharing a substantial percentage of its portfolio. DAOL Ventures has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 1 more
Portfolio IPOs
Portfolio Unicorns
Portfolio Soonicorns
DAOL Ventures' List of Top Investments
DAOL Ventures has a portfolio of 6 companies, one of which is a Unicorn. Their most notable investments are in LBox and Moloco.Their portfolio spans across South Korea, India and United States. They have invested in Enterprise Applications, Life Sciences, Retail and 4 other sectors, across stages such as Series B, Series A and 1 more. Here is the list of top investments by DAOL Ventures:1. Moloco
Cloud platform offering AI-enabled mobile DSP software. The platform solutions leverage AI technology that helps advertisers in buying premium inventory from multiple publishers. It enables advertisers in acquiring and re-engaging mobile app users using ML-based prediction models. It offers a retail media platform for managing the attribution of adverts.
Key facts about Moloco
- Founded Year: 2013
- Location: Redwood City (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $200M
- Employee Count: 974 as on Jul 31, 2026
- Investors: Fidelity Investments, Mirae Asset and 12 Others
- Latest Funding Round: Series C, Aug 29, 2021, $*****
- Highlight: Editors' Pick
2. Rusk Media
Developer of mobile-first entertainment IPs and branded gaming experiences. This entity creates and distributes serialized video content across various platforms, focusing on young adult audiences. It also develops customized branded mobile games and interactive advertisements for clients, extending into augmented and virtual reality filter creation. The company's offerings encompass the entire lifecycle of IP development, from creation to distribution and monetization.
Key facts about Rusk Media
- Founded Year: 2019
- Location: Mumbai (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $52.2M
- Employee Count: 57 as on Mar 31, 2025
- Investors: LetsVenture, IvyCap Ventures and 32 Others
- Latest Funding Round: Series B, May 08, 2026, $*****
Developer of therapeutics for the treatment of cancer and gastrointestinal diseases. The company's lead drug candidate is JPI-547, a dual inhibitory target anti-cancer drug candidate that inhibits both PARP and Tankyrase for pancreatic cancer. Also, it develops JP-1366 a proton pump inhibitor-based drug treatment for reflux esophagitis.
Key facts about Onconic Therapeutics
- Founded Year: 2020
- Location: Seoul (South Korea)
- Stage: Public
- Total Funding till date: $34.9M
- Employee Count: 15 as on Jul 31, 2026
- Investors: Daol Investment & Securities, Korea Development Bank Europe and 9 Others
- Latest Funding Round: Series B, Dec 09, 2022, $*****
- Highlight: Public
4. Balaan
Online retailer of multi-category fashion products by designers. The product catalog includes skirts, pants, tops, shoes, sneakers, bags, etc.
Key facts about Balaan
- Founded Year: 2015
- Location: Seoul (South Korea)
- Stage: Series C
- Total Funding till date: $45M
- Employee Count: 35 as on Jul 31, 2026
- Investors: KTB Network, Kolon Investments and 8 Others
- Latest Funding Round: Series C, Oct 16, 2022, $*****
- Highlight: Editors' Pick
5. Craver
Developer of consumer goods brands. This company researches and understands diverse human desires to create and nurture various beauty products. It focuses on shaping beauty standards by connecting people, culture, and everyday life through its brand portfolio.
Key facts about Craver
- Founded Year: 2014
- Location: Seoul (South Korea)
- Stage: Series B
- Total Funding till date: $19.2M
- Employee Count: 134 as on Jul 31, 2026
- Investors: KTB Network, Groom Investment and 12 Others
- Latest Funding Round: Series B, Dec 03, 2018, $*****
DAOL Ventures' Year-on-Year Investment Trends
DAOL Ventures has invested in 6 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in LBox.DAOL Ventures' Investments by Stage
DAOL Ventures has made 3 investments in Series B stage with an average round size of $15M, 1 investment in Series A stage with an average round size of $9.5M and 1 investment in Series C stage with an average round size of $17.3M.Stage of entry | No. of Investments |
|---|---|
Series B | 3 |
Series A | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
DAOL Ventures' Investments by Sector
DAOL Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Life Sciences, Media & Entertainment and Mobile. Notably, it has invested in 4 Tech companies, 3 Consumer (B2C) companies, 3 Enterprise (B2B) companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
Consumer | 1 |
Life Sciences | 1 |
Media & Entertainment | 1 |
Mobile | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
DAOL Ventures' Investments by Geography
DAOL Ventures has made most investments in South Korea (3), followed by India where it has made 1 investment.Country | No. of Investments |
|---|---|
South Korea | 3 |
India | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
DAOL Ventures' recent investments
DAOL Ventures has not made any investment in 2026 so far.Here are the most recent investments by DAOL Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 22, 2022 | South Korea | Series B | 3276 | [+4] | |
Dec 09, 2022 | South Korea | Series B | 6531 | [+7] | |
Oct 16, 2022 | South Korea | Series C | 9076 | [+1] | |
Jul 27, 2022 | India | Series A | 8570 | [+4] | |
May 10, 2018 | United States | Series B | 1384 |
Unicorns in DAOL Ventures' Portfolio
DAOL Ventures has 1 unicorn in its portfolio - Moloco. The most recent unicorn in their portfolio is Moloco which became a unicorn in 2021, 3 years after DAOL Ventures first invested in it.Here is a list of unicorns in DAOL Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Cloud platform offering AI enabled mobile DSP software | 2013 | Redwood City | Series C | xaldoqg |
IPOs and Publicly Listed companies in DAOL Ventures' Portfolio
1 of DAOL Ventures' portfolio company became public - Onconic Therapeutics. It got listed on the Korea Exchange (KRX), in Dec 2024 at marketcap of $97.4MHere are DAOL Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 19, 2024 | Dec 09, 2022 | Series B | 6766 |
Team profile of DAOL Ventures
DAOL Ventures has a team of 4 members including 1 Partner, 1 Venture Partner and 1 Principal located in United States and Singapore. DAOL Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in DAOL Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | - | |
Venture Partner | Cambridge | - | - | |
Principal | Singapore | - | - |
Co-investors of DAOL Ventures
Over the past 8 years, 54 investors have co-invested in DAOL Ventures's portfolio companies. This includes funds and angels.
- Invested before DAOL Ventures: Nazara, Info Edge and 17 others have invested in rounds before DAOL Ventures. There is 1 company where Nazara has invested before DAOL Ventures and 1 company where Info Edge has invested before DAOL Ventures.
- Top Co-investors of DAOL Ventures: 17 investors entered a company along with DAOL Ventures. These include investors like Korea Development Bank Europe (2 companies).
- Invested after DAOL Ventures: A total of 18 investors have invested in DAOL Ventures's portfolio after their investments. Top Investors include Tiger Global Management (1 company), Shinhan Financial Group (1 company) and LG Technology Ventures (1 company).
Recent News related to DAOL Ventures
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Indonesia’s Travelio secures Series C funding from Korean financial group, othersAsiaTechDaily•Jul 16, 2023•Travelio, DAOL Ventures, ORZON Ventures, Pavilion Capital Partners and 1 other
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Indonesia’s Travelio raises an undisclosed Series C funding led by a large Korean financial groupTechNode•Apr 10, 2023•Travelio, ORZON Ventures, AppWorks, KTB Investment & Securities and 4 others
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New drug developer Onconic Therapeutics raises $20 mn in Series BKedglobal•Dec 09, 2022•Onconic Therapeutics, Stonebridge Capital, Premier Partners, BNH INVESTMENT and 5 others
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Rusk Media raises $9.5 Mn in Series AEntrackr•Aug 17, 2022•Rusk Media, DAOL Ventures, Audacy Ventures, Info Edge Ventures and 4 others
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Korean proptech startup Dongnae lands $21M in Series A, debtAIM Group•Mar 25, 2022•Neighborhood, NFX, DAOL Ventures, Hana Financial Group and 7 others
