[Korean Startup Weekly News #4] Hey Dealer Raises KRW 45 Billion to Transform Korea’s Used Car Market

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Period : Feb 5th – 11st, 2024

Headline

Hey Dealer Raises KRW 45 Billion to Transform South Korea’s Used Car Market
Hey Dealer, a South Korean used car platform, secured KRW 45 billion from KDB, Atinum Investment, and IMM, surpassing 13 million subscribers and KRW 10 trillion in transactions.

ONE Store Partners with Digital Turbine for Global App Market Expansion
ONE Store and Digital Turbine join forces to enhance mobile experience and expand globally, following strategic investments.

Latest Funding News

Check out the latest funding news for Korean startups

BOLD9 Secures Series B Funding for Global Fulfillment Expansion
BOLD9, a South Korean fulfillment company, secures Series B funding to enhance its services and expand globally, aiming for an IPO by 2025 and significant growth in SaaS and logistics.

CareNation Secures KRW 5 Billion Investment for Caregiving Expansion
Korean firm HMC Networks’ CareNation, a caregiving service platform, secures 5 billion won from Samsung Venture Investment and Hana Ventures, aiming for growth and innovation in the caregiving sector.

Actnova Secures $3M Funding for Breakthrough AI-driven Animal Behavior Analysis Platform
Korean AI firm Actnova secures $3M pre-series A funding for its Actverse platform, focusing on animal behavior analysis in drug development.

JLT, Korean Welding Tech Startup, Secures $2.5M Investment for Industry Leadership
Korean startup JLT, in factory automation, secures $2.5M investment for welding tech, aims for industry leadership.

CloudHospital Secures KRW 2B in Pre-Series A for Global Expansion
CloudHospital raises KRW 2B in pre-Series A funding, plans to expand in India and globally, targeting rapid growth with its healthtech platform connecting hospitals and patients.

The Hyoosik Secures funding for Expansion in Korea’s Booming Hospitality Market
South Korean lodging firm, The Hyoosik, secures TS Investment’s funding, excelling in content hotels and expanding into a $30B hospitality market.

Uproot Company Secures Pre-Series A for Global Expansion and Tech Enhancement
Uproot Company, a Korean firm, secured pre-Series A funding from CNTTECH for global expansion and enhancing its digital asset investment solution, ‘bitsaving’.

Kai Health Secures Funding for Global Expansion of AI Infertility Solutions
Korean startup Kai Health, specializing in AI infertility solutions, secures pre-Series A funding to globally expand its ‘Vita Embryo’ solution, enhancing success rates for infertile couples.

Ars Network Secures Seed Investment from GENAXIS for AR Education Apps
Ars Network, a South Korean edutech firm, receives seed investment from GENAXIS for its AR-based job experience education apps and programs, leveraging founder Ji-hye Park’s expertise.

ProvaLabs Secures Seed Funding for Biometric Model Validation Sensors From Seoul Techno Holdings
ProvaLabs, a Korean startup, secures seed investment from Seoul Techno Holdings to develop sensors for biometric model validation, aiming to revolutionize drug development with innovative QC technology.

GALLERIEX Secures Seed Funding for XR and AI-Driven Interactive Content
Korean company GALLERIEX, using Unreal Engine and AI, lands seed funding from GENAXIS to pioneer in XR and AI-driven content for the fashion, beauty, luxury, and entertainment industries.

NEWKIDS INVESTMENT Funds Eco-Friendly ‘SOOPUI’ and Specialty Coffee ‘Finder’
NewKIDS INVESTMENT completed investments in SOOPUI, an eco-friendly clothing brand, and Finder, a specialty coffee brand, aiming to foster growth and sustainability in South Korea’s startup ecosystem.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

Korean Venture Capital News

KRW 910 billion (USD 685 million) will be invested in a Fund of Funds in Q1 2024
The Ministry of SMEs and Startups of Korea plans to double the Fund of Funds investment to 910 billion KRW in 2024, seeking VC firms’ input for early venture capital recovery.

Others

Spoon Radio Records Profit for Second Year, Expands Globally
Spoon Radio, a South Korean audio platform, achieved profitability for the second consecutive year in 2023, with significant growth in overseas audio markets, especially in Japan and Taiwan.

Korean AI Chatbot ‘HelloBot’ Selected for Google Play Global Featured
South Korean AI company Thingsflow announced its chatbot HelloBot has been selected for Google Play’s Global Featured, marking a first for domestic AI chatbot services in the global market.

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[Korean Startup Weekly News]

와우테일(WOWTALE)

[Korean Startup Weekly News #4] Hey Dealer Raises KRW 45 Billion to Transform Korea’s Used Car Market

버섯돌이(Taehyun Kim)

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[Korean Startup Weekly News #4] Hey Dealer Raises KRW 45 Billion to Transform Korea’s Used Car Market