Gadget Korea, a Korea-based eSIM service provider, has successfully closed an approximately USD 8 million(KRW 11 billion) funding round. The investment was joined by leading Korean financial investors including NICE Investment Partners–SK Securities, Smilegate Investment, Kiwoom Investment, STIC Ventures, KB Securities–Kyros Ventures, Murex Partners, IBK, NBH Capital, and InterValue Partners, as well as strategic overseas partners.

Beginning with its seed round in 2022, followed by additional funding in 2023 from Smilegate Investment, Murex Partners, Bluepoint Partners, HiteJinro, and Home&Shopping, Gadget Korea has now secured a cumulative total of approximately USD 9.9 million(KRW 13.5 billion) in funding including this round.

Investors highly valued the company’s rapid business growth and strong potential for global market expansion. Gadget Korea surpassed 5 million cumulative domestic users in September and is projecting to double its annual revenue compared to last year. Following the success of its domestic eSIM platform “Usimsa,” the company launched its global eSIM platform “Superalink,” accelerating its push into international markets.

The newly raised capital will be allocated toward strengthening its dominance in the domestic eSIM market, aggressively expanding its global presence, enhancing API integrations, incorporating blockchain technology, and advancing its platform to evolve into Gadget Korea’s future “on-trip app.”

GadgetKorea provides a wide range of eSIM solutions catering to both travelers and enterprise clients. It offers not only traditional volume-based data plans but also newly launched fully unlimited data plans. Through API integration and an affiliate program, the company supports partners with the infrastructure to deliver eSIM services seamlessly.

Yoonwon Kim, Investment Director at NICE Investment Partners, commented, “Gadget Korea has demonstrated exceptional capabilities in reading and capitalizing on eSIM market trends ahead of the curve. The company’s technological strength, execution speed, and platform scalability are outstanding across every dimension. We expect the company to sustain strong growth globally based on its domestic success, and we plan to provide full support through its eventual IPO.”

Yoo Sang-hyuk, CEO of Gadget Korea, stated, “This investment will allow us to deliver even more competitive pricing plans and an elevated user experience to customers worldwide. We will accelerate the growth of our existing ‘Usimsa’ platform and aggressively expand into the global market centered on ‘Superalink,’ with the goal of listing on KOSDAQ around 2027.”