Balaan Co., Ltd. announced that it has received KRW 32,500,000,000 in a round of funding on October 21, 2021. The transaction included participation from new investors Shinhan Capital, Investment Arm, Company K Partners Limited, KTB Network Co., Ltd., Korea Growth Investment Corporation, returning investors NAVER Corporation, Kolon Investment, Inc., SBI Investment KOREA Co., Ltd. and Mega Investment Co.,Ltd. The round is raised at a post money valuation of nearly KRW 200,000,000,000.