[Korean Startup Weekly News #5] Korean Startups Garner Mega Funding in January 2024

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Period : Feb 12nd – 18th, 2024

Headline

Korean Startups Garner Mega Funding in January 2024
In January 2024, Korean startups, including Rebellions and Myrealtrip, garnered substantial investments, showcasing the nation’s tech prowess on a global scale.

Latest Funding News

Check out the latest funding news for Korean startups

SIMPLE Planet Raises KRW 8 Billion in Pre-Series A for Cell-Cultured Food Development
SIMPLE Planet, a Korean startup, raised KRW 8 billion in pre-Series A funding to mass-produce cell-cultured high-protein powder, aiming for global expansion with cutting-edge food technology.

Dukkubisesang Secures Series C Funding to Transform Apartment Market
Dukkubisesang, operator of “Peter Pan’s Good Room Finder,” secured KRW 8 billion in Series C funding from Samchully Asset Management to expand its Korean proptech ecosystem and IoT business.

ROBOS Secures KRW 7 Billion for Vision AI Slaughterhouse Robots in Series A Funding
ROBOS, a Korean biometric vision AI robotics firm for slaughterhouses, raised KRW 7 billion in Series A, totaling KRW 8 billion, backed by various investors, targeting automation expansion and global market entry.

TNS, a Subsidiary of DENTIS, Raises Additional KRW 4.75 Billion, Totaling KRW 15.75 Billion
TNS, a Korean subsidiary of digital dentistry company DENTIS, focused on clear aligners, has successfully raised an additional KRW 4.75 billion, bringing its total investments to KRW 15.75 billion in just over six months.

AI Fashion Firm FnsHoldings Eyes Global Market After Securing Japanese Backing
FnsHoldings, a South Korean digital fashion company, attracts its first foreign investment from Digital Hollywood to target the global market, focusing on Japan and innovating with AI lookbook solutions.

FlareLabs Secures KRW 1.4 Billion for Hyper-Personalized CRM Solution
FlareLabs, a Korean company, raises KRW 1.4 billion in pre-Series A for enhancing hyper-personalized CRM with cross-channel support and AI technology.

Aiden Lab Secures Series A Funding for Global E-Commerce and Influencer Marketing Expansion
The Korean company Aiden Lab secures Series A funding from Magellan Technology Investment, enhancing its AI platform incode8 for global influencer marketing and e-commerce support of K-Brands, with expansion plans into new markets.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] UwUFUFU Transforms Social Media with an Interactive Content Platform Targeting the MZ Generation
UwUFUFU transforms social media for the MZ generation with interactive quizzes, boasting 767% YoY growth and inviting investors for further expansion.

Korean Venture Capital News

Smilegate Investment’s 2023 Impact Report: Investing in a Sustainable Future
Smilegate Investment’s 2023 Impact Report highlights its commitment to creating social value through sustainable investments, focusing on companies aligned with UN SDGs and showcasing key achievements and future investment plans.

Hashed Leads $10M Seed Investment in Cross-Platform RPG Studio ‘Overworld’
Hashed leads a $10M investment in Overworld, a multiplayer RPG studio, with participation from top VCs and support from Web3.0 game publisher Xterio, aiming to redefine online RPGs.

Hashed Leads $7.5 Million Investment in Blueprint Finance for DeFi Innovation
Hashed and Tribe Capital lead a $7.5 million investment in Blueprint Finance, aiming to revolutionize DeFi with Concrete Protocol, protecting leveraged positions and offering liquidity yields.

Others

Featuring Partners with Flag to Expand Influencer Marketing to Japan

Featuring, a Korean startup, signs a partnership with Japanese ad agency Flag to launch its influencer marketing platform in Japan, aiming for global expansion and enhanced service offerings.

Clobot Passes Tech Evaluation with ‘A, A’ for Listing, Plans Growth in Robot Sector

Clobot, a leading robot service provider in Korea, has passed the technology evaluation for special listing with ‘A, A’ grades and plans to pursue a listing in H2, aiming for industry growth.

Altoon, Alwayz’s Webtoon Service, Hits 1M Users in 2 Weeks

Altoon, a new webtoon service by Korean mobile commerce platform Alwayz, surpassed 1M users and 100M KRW in transactions just 2 weeks after launch. The service targets female users in their 35-50s with a curated selection of popular webtoons.

‘Live Anywhere’ Expands to Malaysia, Enhancing Global ‘One-Month Stay’ Options

‘Live Anywhere’, a Korean travel platform, expands to Johor Bahru, Malaysia, offering tailored accommodation recommendations for “one-month stays”, building on success in Thailand and planning further global expansion.

DBDLAB Launches Diby’s Global User Research Service for Startups

Korean company DBDLAB has introduced Diby, a global B2B service for detailed user research, targeting over 100 countries to support startups and large firms like Toss in obtaining direct local feedback for effective global expansion.

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[Korean Startup Weekly News #5] Korean Startups Garner Mega Funding in January 2024

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[Korean Startup Weekly News #5] Korean Startups Garner Mega Funding in January 2024