Our Journey

2019
July

Databank was founded in July 19th, 2019

Launched the first product, TOEFLBANK on www.toeflbank.com

September

Selected for 'Early Stage Startup Package' organized by the Korea Institute of Startup & Entrepreneurship Development.

October

Selected for 'Startup Growth Technology Development Program' organized by the Korea Institute of Startup & Entrepreneurship Development. This is Databank's second Government project.

Awarded Grand Prize at 'SW 3 Day Startup Idea Contest'

 

February 

Launched the world's first deep learning-based automated TOEFL writing scoring engine on www.toeflbank.com
 

April

Databank raises KRW 300 million in seed round with Schmidt (Subsidiary of DSC Investment) participating in the round. (Schmidt: http://schmidt.kr/#company)

May

86,000 users from 149 countries are using TOEFLBANK
Precisely 1 year after the first launching of the product

June

Selected as a tech startup for TIPS (Accelerator Investment-Driven Tech Incubator Program for Startup) and received Gov't funds (KRW 700 million) 
(TIPS: http://www.jointips.or.kr/global) (Youtube: https://www.youtube.com/watch?v=MOdi0bgZ9eo&t=28s)

August

Certified as a Venture Firm

September

Awarded Miracle Grand Prize and Next Unicorn Prize at WKF2020 - World Knowledge Forum 'Try Everything'

October

Awarded Grand Prize at 2020 Startup CON 

November

Launched the world's first deep learning-based automated TOEFL speaking scoring engine on www.toeflbank.com

TOEFLBANK has over 250,000 users from 177 countries.

 
 
2020
2021
April

Databank raises $2.7M (KRW 3 billion) in Series A funding with Company K Partners, Intervest, and KB Investment participating in the round.