All Newsletter Startup News in Korea (Korean Startup News)

[Korean Startup Weekly News #6] Korean VC Market Reaches $8.4B in Investment in 2023

2024-02-26 4 min read

[Korean Startup Weekly News #6] Korean VC Market Reaches $8.4B in Investment in 2023

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[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.

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


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.

[Korean Startup Weekly News]

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