Stay informed about the latest news in the Korean startup ecosystem every monday. 한국어 스타트업뉴스는 여기 를 참고하세요.(Click here for daily startup news in Korean) Period : Apr 29th – May 5th, 2024 Headline
T’order Raises Over KRW 30 Billion in Series B, Valued at KRW 300 Billion, Expanding Globally T’order , a South Korean table order company, raised over KRW 30 billion in Series B funding, plans global expansion, and diversifies its business model across the dining and hotel sectors.
Korean Government News
Korean Foundries Collaborate with MSS in Launching 2024 Fabless Challenge MSS convened the 6th Fabless-Foundry Council, addressing industry hurdles and launching the 2024 Fabless Challenge for startup support.
Gyeonggi Province Hosts 2024 PlayX4: A Gaming Festival of Communication, Esports, and More Gyeonggi Province’s “2024 PlayX4” celebrates gaming with indie and nostalgic games, business matchmaking, job fairs, esports competitions, and lectures, fostering communication and fun.
Check out the latest funding news for Korean startups
ModuSign Secures 17.7 Billion KRW Series C Investment for E-contract Solutions ModuSign , a South Korean e-contract firm, raised 17.7 billion KRW in Series C funding, led by SBVA, with Atinum Investment, Industrial Bank of Korea, and DSC Investment participating.
Aiz Entertainment Secures KRW 6 B in Funding for AI-Based Content Development Aiz Entertainment , a South Korean AI-based entertainment startup, raised KRW 6 billion, completing a KRW 16 billion seed round, advancing AI-driven content initiatives.
Nullee Raises KRW 5B in Series B to Enhance SSEM Tax Filing Service and Expand Korean startup Nullee completed a KRW 5 billion Series B funding round to enhance the SSEM tax filing app technology, expand business avenues, and cover marketing costs.
Allmytour Secures KRW 1 Billion Bridge Round for Global Expansion, Enhanced Services Allmytour secured a KRW 1 billion bridge round to strengthen its global accommodation supply chain, enhance its channeling solution, and expand internationally, reducing travelers’ price comparison efforts.
SURFF COMPANY Completes Seed Round, Enhances Maritime Logistics with Real-Time Rates Korean import-export freight platform SURFF COMPANY completed seed round to compare rates, enable bookings, and integrate real-time data, aiming to streamline maritime logistics and provide real-time rates.
Didim365 Secures Naver Cloud Investment, Accelerates AI and Digital Transformation Didim365 , a Korean company specializing in AI, big data, and cloud management, secures Naver Cloud investment, expanding its services and support for DX across sectors like public, finance and retail.
01Republic Secures Funding to Expand the SaaS Management Solution ‘Scordi’ Korean SaaS company 01Republic secures funding from Mashup Ventures. Their product, Scordi , consolidates SaaS subscriptions, offering real-time synchronization, monitoring, and trend analysis.
AI Startup BFAI Secures Seed Funding to Expand WhaleAI Marketplace for SMBs Korean AI company BFAI secures funding to expand its ‘WhaleAI’ service, connecting SMBs with AI solutions, targeting English-speaking markets and supporting tailored technology adoption.
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.
HITEJINRO Makes Follow-Up Investment in MR.PAPA, Supporting Global Expansion HITEJINRO invests in Mr. Papa, a Korean agritech startup, recognizing its growth, global expansion potential, and technological advances in farm automation and AI-based crop tracking.
Others
Chabot Mobility Acquires SK Networks’ ‘The Carpet’ to Enhance Vehicle Management Korean mobility life platform Chabot Mobility acquired ‘The Carpet,’ enhancing vehicle management services through its O2O maintenance network and big data capabilities for imported car drivers.
Floatic to Demonstrate the Most Efficient Warehouse Automation Solution at Automate 2024 Floatic, a Korean robotics company, will showcase its Floware solution at Automate 2024 in Chicago to enhance e-commerce warehouse efficiency and discuss industry challenges with global leaders.
Airbility is selected for KODIT’s “Little Penguin” and “Startup NEST” support programs Airbility, a Korean aviation startup, has been selected for KODIT’s “Little Penguin” and “Startup NEST” support programs, recognizing its technological prowess and growth potential.
Tokyo Hosts ‘SusHi Tech 2024’ in May to Foster Global Startup Innovation for Sustainable Cities ‘The 2024 SusHi Tech Tokyo Global Startup Program’ fosters sustainable innovation by uniting global startups and leaders to address urban challenges and cultural preservation, held May 15-16.
Rexpharm Forms MOU with Timely Basket to Develop and Distribute Health Foods in U.S. Rexpharm, a Korean health food manufacturer, partners with Timely Basket for entry into the U.S. market, utilizing Rexpharm’s mushroom technology and Timely Basket’s distribution network.
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