Bayilik raises $4M Series B, sets sights on 2026 KOSDAQ listing
What's the deal? BayilikDealroom has a profile for this one. Try Dealroom →, a South Korean embedded system software company, has raised a 5.5 billion KRW ($4 million) Series B round, the Daegyeong ICT Industry Association said. The round drew funds managed by BNK Venture InvestmentDealroom has a profile for this one. Try Dealroom →, SpaceTime Investment, The Ham Partners, IBK CapitalDealroom has a profile for this one. Try Dealroom →, and Blue Corner Capital.
What's the endgame? Bayilik will spend the money on new lines of business — automotive control unit software, defense work, and LiDAR-based solutions — and on preparations for a stock listing. NH Investment & SecuritiesDealroom has a profile for this one. Try Dealroom → is serving as underwriter, with the company aiming to go public next year.
By the numbers: Bayilik posted revenue of about 20 billion KRW last year. In the first half of 2026, it recorded 11.3 billion KRW, up 51% from a year earlier. The company raised 11.7 billion KRW in its Series A last year through new and existing shares.
Why now? The Daegu-based company is timing the raise to its planned KOSDAQ debut. Chief executive officer Kim Hyung-jun said it aims to become "a global embedded system software company that completes the future mobility ecosystem across automotive electronics, edge devices and the defense industry."
The signal: At $4 million, the round sits near the bottom of comparable deals by size — modest capital for a company already generating meaningful revenue. That points to a firm using a small equity top-up to smooth its path to public markets rather than to fund early growth.
Read more: en.sedaily.com
Image credit: Generated with Gemini
