[Korean Startup Weekly News #6] Korean VC Market Reaches $8.4B in Investment in 2023
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- Period : Feb 19th – 25th, 2024
Headline
[Official] Korean VC Market Reaches $8.4B in Investment and $9.8B in Fundraising in 2023
Korea’s VC market reported a $8.4B investment and a $9.8B fundraising in 2023, sustaining a medium-to-long-term growth trajectory. The government plans to reinforce support for the market’s growth beyond 2024
Korean Government Expands Startup Support to Foreign Ventures
The Korean Government approved amendments to the SME Startup Support Act, expanding support to include foreign startups.
Latest Funding News
Check out the latest funding news for Korean startups
DenComm Secures KRW 10B in Series A2 to Advance Dental AI Tech and Global Expansion
DenComm, a South Korean AI dental voice recognition startup, raises KRW 10 billion in Series A2 funding, planning global expansion and tech advancement with a focus on the U.S. market.
TECHTAKA Secures $9.5M Investment from Altos Ventures for ARGO Fulfillment Innovation
Techtaka, a Korean software-focused logistics company, receives $9.5M investment from Altos Ventures to strengthen ARGO services and expand logistics capabilities.
BrownBag Raises KRW 7 Billion in Series A to Revolutionize Tech-Infused Office Coffee Services
BrownBag, an office coffee subscription service, secures KRW 7 billion in Series A funding from investors like Korea Development Bank. The funds will enhance their tech-focused coffee services.
JM.WAVE Raises 3 Billion KRW to Power its Electric Truck Repowering Technology
JM.WAVE, a Korean mobility firm, secures KRW 3 billion Series A investment to accelerate its pioneering electric truck repowering and battery exchange system, fostering eco-friendly logistics.
AdShield Raises KRW 2.7B for Ad Block Recovery, Eyes Global Expansion
South Korean startup AdShield raised KRW 2.7 billion in a pre-Series A round, led by Shorooq Partners, Bass Investment, and Hashed, to enhance its ad block recovery solutions and fuel global market expansion, following significant growth and innovation in ad tech.
Meta Logos Raises KRW 2 Billion in Pre-Series A Funding from ZVC for IPO Info Service
Meta Logos, a Korean company, secured KRW 2 billion from ZVC for its IPO service ‘160’, aiming to launch an automated investment service and expand business with strategic support.
Lynens Secures Pre-Series A Investment for Innovative Laundry Services
South Korean Lynens secures pre-Series A investment from Big Basin Capital and BonAngels Venture Partners for its accommodation-focused laundry services. Plans include expanding production facilities and opening a third factory in March.
Proxi Healthcare Raises funding for AC Hygiene System using Bioelectric Current
Korean microcurrent tech firm Proxi Healthcare lands Scaleup TIPS spot with BSK Investment. Project aims to develop an automated air conditioning hygiene system using bioelectric current to combat biofilms in units, a major health concern.
- Sorcerics Secures Initial Investment for AI-Based Ambient Computing Tech
- AptaMarket Lands Seed Funding from Seoul Techno Holdings for Pancreatic Cancer Aptamer Tech
- Korean Accounting AI Startup CCK Solution raises funding from Naver & PwC
- Leanoncompany Secures Seed Funding for ‘Suppor-T’, Aiding Entrepreneurs
Korean Startup Interview
Meet startups that are striving for global expansion through exclusive interviews
Korean Venture Capital News
Gyeonggi CCEI Highlights 2023 Achievements and Plans for Hyper-Differentiated Startup Investments
In 2023, Gyeonggi CCEI in Korea announced its investment achievements and plans to focus on discovering and investing in startups specializing in hyper-differentiation and emerging technologies.
Korean VC ‘New Paradigm Investment’ Announces 2023 Achievements and Plans for Upcoming IPOs
Korean VC New Paradigm Investment targets KRW 100B follow-up investments in 2024, plans IPOs for portfolio companies.
Korean VC Mashup Ventures Announces Decade of Success & 2023 Investments
Mashup Ventures, a Korean VC specializing in early-stage startups, revealed a decade of investments and 2023 achievements, focusing on IT sectors and supporting startups through challenging times.
Korea Accelerator Association and Funding Box Host ‘Seed of Bravery’ Asian Launch Event
Others
Class101 Announces Merger with Studio ViBLE, Expanding Its Content Range
Class101, a Korean edutech company, merges with Studio ViBLE, enhancing its platform with diverse content and planning strategic expansions and new services for an enriched learning experience.
From K-Pop Idols to Esports Pros: bemyfriends Unveils Diverse Global Fandom Partnerships
Bemyfriends held its first Media Day, showcasing its global fandom business achievements, including content management, e-commerce, and real-time communication through ‘b.stage’, evidencing significant global reach.
- Startups at ‘Youth Cook Business Center of Seoul’ Hit KRW 11 Billion in Sales
- Gomi Insight Launches Southeast Asia Import/Export Administration and Logistics Platform
- Madras Check Secures Deal with MJS for Flow’s Full-Scale Deployment in Japan
- [Korean Startup Weekly News #16] T’order Raises Over KRW 30 Billion in Series B, Valued at KRW 300 Billion
- [Korean Startup Weekly News #15] ‘Startup Korea Fund’ launched with KRW 500 billion from government and private investors
- [Korean Startup Weekly News #14] Upstage Secures 100B KRW to Fuel for Global Expansion in Gen AI
- [Korean Startup Weekly News #13] FSC of Korea Launches KRW 50 Billion Fund to Empower Fintech Innovation
- [Korean Startup Weekly News #12] INTEGRATION Secures KRW 23B in Series C to Expand Medtech Innovation
- [Korean Startup Weekly News #11] South Korean Tablet Menu Provider T’order Raises $25M, Valued at $250M
- [Korean Startup Weekly News #10] AITRICS Raises 27 Billion KRW in Series B for ‘Vital Care’ Medical AI Expansion
- [Korean Startup Weekly News #9] Bear Robotics raises $60 million investment from LGE
- [Korean Startup Weekly News #8] Korea’s Startup Boom: Mega-Funding Highlights in February 2024
- [Korean Startup Weekly News #7] InShorts Secures Victory at D.CAMP’s February D.DAY Focused on Global Expansion
