Remember & Company, a South Korean business and career platform, has been acquired by the global investment firm EQT. The deal values the company at approximately KRW 500 billion.
EQT will become the new majority shareholder by purchasing the stake from the previous lead investor, Arc & Partners. The transaction is expected to close in the third quarter of 2025. Remember, which started as a business card scanning app in 2013, has grown to over 5 million users. Its platform is built on a database of more than 500 million digitized business cards.
The company has expanded its services to include AI-powered recruitment, career management, and professional community forums. These services are used by over 10,000 corporate clients.
EQT stated it plans to use its global network to help Remember expand into the broader Asian market. This acquisition follows a period of significant growth for the company under Arc & Partners, during which revenue increased twelvefold.
With the backing of EQT, which manages approximately €266 billion in assets, Remember aims to strengthen its position in the domestic market and expand regionally.
