[Korean Startup Weekly News #15] ‘Startup Korea Fund’ launched with KRW 500 billion from government and private investors

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Period : Apr 22nd – Apr 28th, 2024

Headline

‘Startup Korea Fund’ launched with KRW 500 billion from government and private investors
‘Startup Korea Fund’ was launched with KRW 500 billion from government and private investors, with plans to raise more than KRW 2 trillion over the next four years.

Korean Government News

SEOUL BIOHUB Global Center Opens, Aiming to Boost Global BioTech Competitiveness
The SEOUL BIOHUB Global Center was inaugurated to support growth-stage companies and enhance their competitiveness in the global markets, focusing on pharmaceuticals, biotech, and digital health sectors.

Seoul Business Agency Recruits Startups for Global SNS Marketing Support Project
The Seoul Business Agency is recruiting Seoul-based startups for its Global SNS Marketing Project to enhance their global presence and increase exports through targeted social media campaigns.

Latest Funding News

Check out the latest funding news for Korean startups

Dalpha, a Korean B2B AI startup, Raises KRW 12 Billion in Pre-Series A Funding
Dalpha, a Korean AI startup, secured KRW 12 billion in pre-series A funding within one year of its founding. The company provides customized AI solutions and plans to launch a SaaS product for easier AI adoption.

Charan Raises KRW 10 Billion in Series A, Boosts Secondhand Fashion Market
Charan, a Korean secondhand fashion service, has secured KRW 10 billion in Series A funding to expand its market presence and enhance sustainable fashion efforts.

ISKRA Secures Strategic Investment from Animoca Brands to Boost Web3 Gaming
ISKRA, a Korean Web3 gaming platform, has received strategic investment from Animoca Brands to enhance its global presence and expand its blockchain-based gaming services.

The Sleep Factory Raises Series A Funding for Snoring and Sleep Apnea Solution
The Sleep Factory, a Korean sleep tech company, secured 2B KRW Series A investment from SBVA for its snoring and sleep apnea management device and subscription service.

‘Recl’ Raised Series A Funding to Lead the Used Clothing Market
Recl, a Korean startup, secured Series A funding to significantly expand its innovative, contactless used clothing collection and enhance logistics and service quality.

LOGIBROTHERS Secures Series A from Grand Ventures to Expand AI Education Globally
LOGIBROTHERS, a Korean edutech startup, has secured Series A funding from Grand Ventures to enhance its global AI education platform, CODMOS, and expand into new international markets.

SIJE Secures Pre-Series A Investment for Digital Transformation of Apparel Supply Chain
SIJE, a South Korean company, secured a pre-Series A investment of KRW 2 billion to digitally transform the apparel supply chain with innovative solutions for efficiency and productivity.

Delight Room Invests in Soundable Health for Advanced Sound Analysis in Healthcare
DelightRoom, a Korean company, has invested in Soundable Health, aiming to enhance the sound analysis capabilities in their Alarmy app’s sleep analysis feature using AI diagnostics.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] TCMS : Boosting EV Battery Separator Safety with Innovative Technology, Eyeing for Global Expansion

Korean company TCMS develops innovative “stretching clips” to produce safer and more efficient EV battery separators, aiming for significant impact in the global battery industry.

Korean Venture Capital News

KDB Takes Korean Innovation to Silicon Valley: “KDB NextRound” Connects Startups with Global Investors
Korea Development Bank hosted “KDB NextRound” with Korean and US-based startups pitching to Silicon Valley investors, fostering international networking.

SOPOONG VENTURES Joins Funding for Israel-Based AI Foodtech Company BioRaptor
Korean SOPOONG Ventures invested in Israel’s BioRaptor, an AI firm that enhances foodtech development processes and collaborates with alternative dairy startup Remilk.

Others

VaultCreation and VEStellaLab Win Top Honors at 2024 Edison Awards
VaultCreation and VEStellaLab, two South Korean companies, won gold and silver at the 2024 Edison Awards for innovations in materials technology and autonomous vehicle technologies, respectively.

Table Order Company T’Order Announces US and Global Expansion Plans for 2024
T’Order, a Korean table order company, plans to expand globally by establishing subsidiaries in the US and Singapore in 2024, with initiatives led by CFO Lee Woo-jae.

NEARTHLAB Targets US Market with Advanced Drones at AUVSI XPONENTIAL 2024
NEARTHLAB, a Korean autonomous drone startup, will showcase defense and public safety drones at AUVSI XPONENTIAL 2024 in San Diego, aiming to expand into the North American market.

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[Korean Startup Weekly News]

와우테일(WOWTALE)

[Korean Startup Weekly News #15] ‘Startup Korea Fund’ launched with KRW 500 billion from government and private investors

버섯돌이(Taehyun Kim)

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[Korean Startup Weekly News #15] ‘Startup Korea Fund’ launched with KRW 500 billion from government and private investors