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SparkLabs , an accelerator program in SouthKorea that is bringing a Silicon Valley-like approach to the Asian country’s startup ecosystem, showcased its second batch of startups to investors at Demo Day today. Selling premium organic breads from local bakeries via an online platform is what this startup does. Lateral (Search).
Gbike , a SouthKorea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
SouthKorea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. Now, flex is rapidly building the country’s first next-generation human resources information system and payroll platform.
AmazeVR , a Los Angeles-based virtual concert platform, said Tuesday it has raised a $17 million funding round to create immersive music experiences through virtual reality (VR) concerts. Both companies plan to launch Studio A in SouthKorea and produce immersive VR concerts. Are virtual concerts here to stay?
Launched in SouthKorea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Dable announced today that it has raised a $12 million Series C at a valuation of $90 million, led by South Korean venture capital firm SV Investment. The Series C brings Dable’s total funding so far to $20.5
Riiid , a SouthKorea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . million users downloaded the Riiid Tutor app in SouthKorea and Japan. Founded in 2014, it has approximately 210 employees globally, including SouthKorea, the U.S,
Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million. The company started out by managing real-life events, from supporting user registration to helping attendees exchange virtual business cards.
The company plan to strengthen its capabilities in local commerce with Danggeun Pay, or Karrot Pay, which is set to launch this year, and Danggeun’s platform Karrot enables approximately 300,000 local SMB partners to go digitalized by offering offline to online (O2O) service. for providing hyperlocalized community service.
SouthKorea has passed a bill written to prevent major platform owners like Google and Apple from restricting app developers to built-in payment systems, The Wall Street Journal reports. If tech companies fail to comply with the new law, they could face fines of up to 3 percent of their SouthKorea revenue.
Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other. million (3.5 billion yen) in equity and $11.6 million (1.5
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. It is now used by 2,200 merchants, including Nike Korea and Philip Morris Korea. million users, a small number compared with SouthKorea’s leading digital wallets, which include Samsung Pay, Naver Pay, Kakao Pay and Toss.
Two years ago, SouthKorea unveiled a plan to reach carbon neutrality by 2050. Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. Getting there will be another story. Sopoong has closed on around $8 million (10.3
Business Canvas , the South Korean document management SaaS company behind Typed, announced today it has raised a $2.5 The seed round will be used for accelerating product development and the global launch of an open beta for its AI-powered document management platform.
QuotaBook , a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. About 40% of startups in Korea use QuotaBook’s service that provides cap table management, according to Choi.
Founded in 2016, TaniHub now has more than 45,000 farmers and 350,000 buyers (including businesses and consumers) in its network. TaniHub is its B2B e-commerce platform, which connects farmers directly to customers. It does this through three units: TaniHub, TaniSupply and TaniFund.
In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in SouthKorea but global regions. . He added that its partners and mentors are all former entrepreneurs and have global business experience in both the U.S.
In SouthKorea, there are about 7.3 To help meet SMEs’ financial needs in the country, Seoul-based fintech startup Korea Credit Data (KCD) said Thursday that it has raised $24.7 It enables small business owners to connect with other entrepreneurs in their communities looking to scale their businesses.
According to the company, there is no suitable e-moped model that can meet the required demand in SouthKorea, no supply chain that can sell, repair or resell and no charging stations that offer services to potential e-mopeds users. . Swing has more than 100 employees in SouthKorea and four people in Japan. .
Socar’s debut comes amid a sluggish period in the IPO market in SouthKorea that has prompted a series of Korean companies to delay their listing plans. Socar, the first and only unicorn mobility startup in SouthKorea, aims to become the first listed profitable unicorn company, Park noted. million users and 1.4
Founded in 2010, Coupang is sometimes described as the Amazon of SouthKorea, but for years it has managed the impressive feat of achieving an even higher dollar retention rate than Amazon, according to a report by Goodwater Capital. These are Rocket Fresh, its fresh grocery delivery business, and Coupang Eats, similar to Uber Eats.
SouthKorea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 ” The financing event comes five months after PeopleFund received its regulatory approval from SouthKorea’s Financial Services Commission (FSC) to register with the government. million (75.9
Viva Republica, an operator of South Korean finance super app Toss , has finalized a $405 million Series G funding and it says it is now valued at 9.1 SouthKorea’s currency has depreciated against the dollar this year.). SouthKorea’s BNPL Gross Merchandise Value (GMV) is projected to grow by about $36.6
To solve the problems of traditional electronic media, a startup in Boston, Catalog , was founded in 2016 by MIT scientists including co-founder and CEO Hyunjun Park, developing an energy efficient, cost competitive, and more secure data storage and computation platform by using synthetic DNA.
Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in SouthKorea, according to Laundrygo CEO Sung-woo Cho. But his SouthKorea–headquartered startup aims to digitize the laundry industry in the country. Laundrygo said today it has closed a $37 million (49.5
Park also said SOCAR would replace a fleet of its vehicles with zero-emission, including electric or hydrogen-powered cars, by 2030 and strengthen its autonomous cars business. . The company already completed two acquisitions last month – South Korean online parking platform Modu Company and electric bike rental platform Elecle.
Our mission is to be an AI platform that ensures the safety and environmental protection of the ocean,” said Park. “With this funding, we hope to recruit more staff for the AI, sensor fusion and navigation business and accelerate our global market penetration plan.” Image Credits: Seadronix.
To get there, they will need to find clever ways to decarbonize especially dirty businesses, including the buildings sector. SouthKorea is also taking measures to reduce emissions in the building sector by retrofitting buildings and strengthening ZEB requirements for new buildings through 2030. Likewise, the U.S.
As a later-stage company, Bucketplace will use the new injection of funding to accelerate its growth in SouthKorea and enter into new markets, such as Japan, Southeast Asia and the U.S., Its business model is similar to Houzz , which also have a slew of online showrooms. Lee told TechCrunch. Image Credits: OHouse app.
The commercial real estate brokerage market in SouthKorea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. Rsquare has handled more than 10,000 office brokerage transactions with over 21,000 clients in SouthKorea.
We plan on hiring heavily across all functions, from machine learning, artificial intelligence and product development to marketing and business development. We want to be the platform for all things voice-related,” Lee said. LOVO has an office in SouthKorea and is looking to expand into Europe soon, Lee added.
Urbanbase , a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 This round of funding was led by Hanwha Hotel & Resort, which is a subsidiary of South Korean conglomerate Hanwha Corporation. Existing investors did not join this round.
Augmented reality (AR) can help customers shopping online preview products before making a purchase, and is a growing area of investment for e-commerce businesses. Retailers can save time and costs by using PlicAR without building their own 3D modeling platform, he added.
South Korean startup Kakao Entertainment announced today it has acquired Wuxiaworld , an Asia fantasy fiction platform, via its serialized fiction app subsidiary Radish to bolster the mobile storytelling business. based storytelling platform acquisitions , Radish and Tapas Media. and Korea,” Lai said. .
Dongnae , a SouthKorea-based startup that helps tenants find premium apartment rentals, has closed $16.4 Shampine noticed residential real estate was big in SouthKorea but also knew he didn’t know enough, especially about the local proptech space, he said. million to digitize real estate in SouthKorea.
The goal is part of an ambitious plan that the Seoul-based startup has laid out to boost its business after pivoting no less than five times since it was founded six years ago, but also most recently closing out a Series A of $26 million. The plans also include launching a new security robot alongside its models dedicated to delivery.
It has since expanded into other businesses, including offline venue operation. Indian mobile gaming platform Mobile Premier League raises $90 million. In addition to its core esports tournament and content production business, VSPN has branded esports venues in Chengdu, Xi’an and Shanghai. SPACE in Seoul, SouthKorea.
In SouthKorea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. To operate its business in 2023, PeopleFund, which reports that it is making a profit loss, must own a minimum capital ranging from $400,000 to $2.4 Sign up here.
Creative professionals continue to look for ways to monetize their talents and knowledge through online education platforms like CLASS101 that bring stable incomes and improve opportunities. CLASS101, a Seoul-based online education platform, announced today it has closed $25.8 CLASS101 launched its platform in the U.S.
The app launched as a Venmo-like peer-to-peer money transfer platform in 2015, before adding more services. Merchants can use Toss Payments to send and receive online payments and manage their business finances. Lee said more than 20% of bank accounts and credit cards in SouthKorea are already registered on Toss.
The Singapore-based startup with offices in Indonesia and SouthKorea intends to launch its service officially in Indonesia in the first quarter of next year. ” Plugo, an e-commerce support platform for D2C brands in Southeast Asia, picks up $9M Series A by Kate Park originally published on TechCrunch.
In Asia, one such sector appears to be the luxury fashion resale market, particularly for platforms that are seeing an uptick in users and sales. Kream , a reselling platform that lets people buy, sell and trade luxury goods like handbags, clothing and accessories, has raised a $168 million (220.6
But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms like Tokopedia, Lazada, Shopee, Rakuten or Ebay depending on where they are. Una currently has teams in Singapore, Malaysia and Australia and plans to expand in Southeast Asia before entering Taiwan, Japan and SouthKorea.
Hwang said that its business model is similar to Outschool, the San Francisco-based after-school marketplace for children. Glorang was founded in 2017 by Hwang, who started off this company with an AI-powered platform helping students match with study abroad programs. The startup has aspirations to become Outschool of Asia.
The first is a scoop he got related to Glance, which is reportedly launching its lock screen content platform for Android in the U.S. Speaking of putting capital to use in easier ways, some VC firms continue to raise funds, and Sequoia Capital has been very busy. signing its first data-sharing deal since Brexit with SouthKorea.
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