[Korean Startup Weekly News #8] Korea’s Startup Boom: Mega-Funding Highlights in February 2024
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- Period : Mar 4th – Mar 10th, 2024
Headline
Korea’s Startup Boom: Mega-Funding Highlights in February 2024
Korea’s dynamic startup surge in Feb 2024: FLEXCIL, ONE Store, Hey Dealer highlight global potential. Notable future investments emerge.
Gyeongsangnamdo Hosts GSAT 2024: Elevating Local Entrepreneurship and Collaboration Nationwide
Gyeongsangnamdo’s GSAT 2024 aims to boost entrepreneurship through contests, collaboration opportunities, and support programs nationwide, fostering a culture of innovation across manufacturing and non-manufacturing sectors.
Latest Funding News
Check out the latest funding news for Korean startups
AI Pioneer WiseAI Secures KRW 10 Billion in Series B Investment
WiseAI secures KRW 10 billion in Series B funding via convertible bonds, aiming to enhance AI tech, expand globally, and launch new solutions.
KCS Accelerates with $4.2M Investment for CreditNote Advancements
KCS receives $4.2M funding, enhancing CreditNote to streamline credit checks for individual entrepreneurs.
QueryPie Developer, Chequer, Sets Eyes on Japanese Market with New Investments
Chequer, the developer of QueryPie, secures significant investments from Salesforce Ventures and ZVC, aiming for Japanese market entry.
Doinglab Secures Series A Funding for Global Expansion of Food Recognition Tech
South Korean AI health startup Doinglab secures Series A bridge investment from Insight Equity Partners for its FoodLens technology, used by over 50 businesses in Korea. The company also introduced CaloAI globally
Webcash Makes Strategic KRW 5 Billion Investment in ISTN to Broaden SAP-Integrated Solutions
Webcash, a South Korean fintech firm, has invested KRW 5 billion in ISTN, aiming to expand its SAP-integrated financial solutions and foster a mutually beneficial business ecosystem with SAP partners.
NuriHaus Raises KRW 2 Billion in Series A Funding to Fuel Global K-Beauty Expansion
NuriHaus, a leading platform for K-beauty brands, has raised USD 1.6 million in Series A funding. The company will use the funds to expand its global community and develop comprehensive solutions for K-beauty exports.
Naver Cloud Backs Persona AI: Advancing Korea’s AI Contact Center Frontier
Korea’s Persona AI receives investment from Naver Cloud, reinforcing its position in AI contact centers, known for its versatile applications across industries.
Readypost Secures KRW 2 Billion in Pre-Series A Funding for ‘Chongone’
Korean company Readypost raised KRW 2 billion in pre-Series A funding for ‘Chongone’, a platform enhancing urban redevelopment meetings with electronic services, recognized for market excellence and government-aligned improvements.
Alicorn Secures Strategic Investment from Designhouse for Innovation
Korean company Alicorn, operator of ‘Rocketpunch’ and ‘JIBMUSIL,’ secured strategic investment from Designhouse to showcase AI solutions and expand in the design industry through collaboration.
Dinoz Secures Pre-Series A for ‘Yugacrew’, Boosting Parenting Community Platform
Dinoz, a Korean startup, raises pre-Series A for Yugacrew, a parenting app focusing on community growth and connecting mothers and children, with significant investor support and expansion plans.
RealDraw Secures SpringCamp Investment for Webtoon Innovation
RealDraw, a Korean AI webtoon startup, secured additional funding from SpringCamp, enhancing their position to launch high-quality webtoons globally using AI and 3D technology.
- Revolutionizing ADC Therapies: ProEn Therapeutics Secures Investment from KOLMAR KOREA
- Transfarmer Secures Seed Funding for Agtech Innovation
- Kakao Ventures Backs Vivid Health’s Innovative Weight Loss App, Bbiyak
- eROUN&COMPANY Secures Seed Investment for Generative AI Security
- ORBITERS Lands Seed Funding from SpringCamp to Expand Korean Infant Brands in the US
Korean Startup Interview
Meet startups that are striving for global expansion through exclusive interviews
[Korean Startup Interview] Choi Young-ju: Spearheading Korean Startups’ Global Expansion with Tenity Singapore
Choi Young-ju, Partner Director at Tenity Singapore, supports Korean startups in global expansion, leveraging her international experience to facilitate their entry into Singapore, Europe, and the Middle East.
[Korean Startup Interview] EZContentsLab: Enjoying AI-Based 3D Korean Learning for Foreigners Like a Game
EZContentsLab addresses the growing demand for Korean learning among foreigners by offering an engaging AI-based platform, gamifying the learning process, and supporting global expansion with a skilled team.
Korean Venture Capital News
Hashed Leads $37M Investment in Taiko Labs for Ethereum Layer 2 Expansion
Hashed invests in Taiko Labs, co-leading a $37 million Series A for Ethereum Layer 2 solutions using zero-knowledge proofs, aiming for high compatibility and decentralization with Ethereum.
Hashed Leads $4.5 Million Investment Round in Next-Gen Layer 2 Project ‘Blackwing’
Hashed leads a $4.5 million investment in Blackwing, a Layer 2 appchain on the Initia network, aiming to transform DeFi with reduced liquidation risk and modular blockchain technology.
HYPERITHM Backs Superfluid’s Ethereum-Based Token Streaming Innovation
HYPERITHM has invested in Superfluid, aiming to revolutionize virtual asset services by enabling streamlined token streaming on Ethereum, facilitating efficient distribution for DAOs and virtual asset operators.
CNTTECH Builds Network for Korean Startups’ Fast-Track Entry into Saudi Arabia
CNTTECH builds a network in Saudi Arabia, facilitating fast-track market entry for Korean startups, with plans for formal agreements and collaborations with key Saudi institutions and investment firms.
Others
Mathpresso Launches Prep.Pie, AI Tutoring Service Tailored to US College Students
Prep.Pie offers personalized study notes, customized practice sets, and an AI-powered quick solver to help students ace their exams.
MSS and MOFA of Korea Initiate Global Startup Support via Embassies
MSS and MOFA of Korea have launched a program with seven overseas embassies to support Korean startups globally, focusing on trade promotions, investment consultations, and startup meetings.
MSS of Korea Spearheads SME and Venture Growth at Investopia in UAE
MSS Korea, at Investopia in UAE, bolsters SME-venture cooperation, signing MOUs and fostering Korea-UAE economic ties, aiming for a second Middle East boom in innovation and investment.
H2O Hospitality Signs Program with Saudi NTDP for Business Expansion
H2O Hospitality, a Korea-based tech firm, partners with Saudi Arabia’s NTDP to expand its digital transformation solutions for hotels, supporting the Saudi’s tourism industry and Vision 2030 goals.
- Naver unveils the World’s First Web Platform-enabled OS for Robotics at LEAP 2024
- Floatic to Unveil its Advanced Robotics Solution Floware at MODEX 2024
- [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 #7] InShorts Secures Victory at D.CAMP’s February D.DAY Focused on Global Expansion
- [Korean Startup Weekly News #6] Korean VC Market Reaches $8.4B in Investment in 2023