About a decade ago, Donghwan Kim helped his cousin, a ceramist, look for sales channels, like flea markets, to sell his ceramics. But they had a hard time locating a suitable platform, so after about a year, Kim decided to create a marketplace for handmade goods himself in South Korea called Backpackr.
Today, Backpackr, which operates handmade marketplace called idus, has raised a $16 million (20 billion won) extension to its Series C financing, two-and-a-half years after its first Series C, which was $24 million (about 30 billion won).
The startup is now valued at approximately $240.1 million post-money, according to sources familiar with the situation. Backpackr said it has raised a total of $56.8 million since its 2012 inception but declined to disclose its valuation. Returning investor Altos Ventures led the extension alon …
