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Althea
Korea's premier beauty e-commerce platform that provides the latest beauty products, trends and lifestyle to consumers
About Althea
Althea, a Korean beauty e-commerce platform, was founded in 2015 by Frank Kang, Christopher Cynn, and Jae Yoon Kim. Headquartered in Seoul, South Korea, the company has expanded its operations to several Southeast Asian countries, including Malaysia, Singapore, and the Philippines.
The company operates as an online retailer, specializing in the sale of Korean beauty products to consumers in the Southeast Asian market. Althea's business model is centered around its e-commerce platform, which serves as a one-stop shop for customers to discover and purchase the latest beauty products and trends from Korea. The platform offers a wide range of products, from skincare and makeup to haircare and body care, catering to the diverse needs and preferences of its customer base.
Althea's revenue is generated through the direct sale of these products to consumers. By curating a selection of popular and emerging Korean beauty brands, the company has positioned itself as a key player in the rapidly growing K-beauty market in Southeast Asia.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Seoul, South Korea
- Employees
- 6
- Open positions
- None listed
- Dealroom signal
- 67.4/100
- Industry
- Wellness Beauty
- Sector
- eCommerce & Marketplaces, Tea, Navigation, Shopping, Social, Lifestyle, Beauty, Mapping, Skin Care, Wellness / Beauty
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 2 companies, latest Jan 2022
- Capital deployed
- $22M
- Preferred round
- SERIES B
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES C✓Equity / VC | Jan 2022 | $9.4M | $38M | Undisclosed | — |
| SERIES B✓Equity / VC | Oct 2017 | $7M | $28M | Korea Development Bank · Firstfloor Capital · Tekton Ventures · InnoVen Capital | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Althea is 880 monthly website visits, down 74.9% over the last three months. Althea's team declined 14.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
BonAngels
500 Global
Series A7 investors entered at this stage
POSCO Venture Capital
Tekton Ventures
Cherubic
Mirae Asset Venture Investment
Korea Development Bank
Firstfloor Capital
InnoVen Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Althea on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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