Meta Logos Raises KRW 2 Billion in Pre-Series A Funding from ZVC for IPO Info Service
Meta Logos, a company based in Korea that operates the Initial Public Offering (IPO) information service ‘160’, has secured an investment of KRW 2 billion from Z Venture Capital (ZVC) through pre-Series A funding. This investment brings Meta Logos’s total raised funds to KRW 4.6 billion.
ZVC is a corporate venture capital (CVC) arm of LY Corporation, a conglomerate formed by the merger of Z Holdings, Line, and Yahoo Japan.
Established in September 2020, Meta Logos manages ‘160’, an application designed to inform individual investors about the potential worthiness of upcoming IPOs through a simple and clear ‘attractiveness index’. This app has become popular by aggregating IPO-related information in one location and simplifying the decision-making process for subscriptions with its ‘attractiveness index’. Meta Logos has been recognized for its exceptional IPO track record, winning the Grand Prize in the Samsung Financial Group Open Collaboration and being selected for the TIPS program, which is supported by the Korean government.
With this recent investment, Meta Logos intends to launch an “IPO Automated Investment Service” in collaboration with its subsidiary, ML Investment Advisory, in the first half of the year. This service will automate the process of selecting IPOs, subscribing, and selling on behalf of investors who install the ‘160’ app and subscribe to the automated investment service.
As a strategic investor, ZVC is committed to supporting the future expansion of Meta Logos’s business in multiple aspects. A ZVC representative expressed anticipation for the broader access to attractive financial products, including IPOs, at lower transaction costs and with greater convenience through Meta Logos’s AI-based remote investment/information services.
Lee Dong-hoon, CEO of Meta Logos, stated, “We aim to create a service that simplifies the investment process on behalf of our clients, allowing anyone to enjoy the benefits of attractive IPO investment returns while ensuring peace of mind by operating exclusively within the investor’s own account.”
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