Ticket Monster Inc. (Tmon), a Seoul, Korea-based mobile commerce company, completed a $115m investment round.
Backers included new investor Simone Investment Managers and existing shareholders global sovereign wealth funds.
The company will use the funds to invest in mobile grocery shopping and online travel services.
Founded in 2010 and led by CEO Daniel Shin, Ticket Monster is an e-commerce company in Korea operating in such verticals as Goods, Grocery and Travel offering over 10 million SKUs through partnerships with approximately 50,000 partners.
In 2017, 80% of TMON’s transactions were completed on mobile devices with its customer base continuing to expand into multiple age segments.