HYBE IM raises $21M to boost publishing and IP-based games
VentureBeat
APRIL 1, 2025
Not long after raising $80 million, South Korea's HYBE IM has raised $21 million to boost its growth in game publishing and IP games. Read More
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South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation
TechCrunch
AUGUST 17, 2021
Danggeun Market, the publisher of South Korea’s hyperlocal community app Karrot, announced it has raised $162 million in a Series D round of funding with a valuation of $2.7 The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised. By the way, Danggeun means carrot in Korean.).
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Fiserv, LG back Korea Credit Data as the SME-focused fintech startup raises another $24.7M
TechCrunch
OCTOBER 5, 2022
In South Korea, 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 KCD was valued at about $563 million in November last year when it raised $28.1 Their workforces combined make up 83.1%
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South Korean HR automation platform flex raises $32M Series B at a $287M valuation
TechCrunch
JANUARY 17, 2022
South Korea-based human resources management platform flex announced today it has closed a $32 million Series B round at a valuation of $298 million. The latest funding, which brings its total raised to $42 million, was led by Greenoaks , with participation from DST Global Partners. .
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Korean proptech startup Rsquare raises $72M Series C to fuel its expansion
TechCrunch
NOVEMBER 14, 2021
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. The latest funding brings its total raised to approximately $95 million. It has 354 employees as of October.
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SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan
TechCrunch
OCTOBER 7, 2021
Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . million users downloaded the Riiid Tutor app in South Korea and Japan. Founded in 2014, it has approximately 210 employees globally, including South Korea, the U.S,
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Japan’s Zeals raises $38.8M to scale its chat commerce platform
TechCrunch
MAY 11, 2022
Zeals , a Tokyo-based startup that lets businesses communicate with their customers via its chat application, said Thursday it has secured $27.2 The latest round brings its total funding raised to $41.4 The coronavirus pandemic has fueled messaging apps to be the medium for personal, business or commerce to interact with each other.
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Viva Republica, developer of Korean financial super app Toss, raises $410M at a $7.4B valuation
TechCrunch
JUNE 22, 2021
Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 Viva Republica, which hit unicorn status in 2018 , has now raised more than $940 million in equity funding. As an Asian company, reaching a $7.4
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AI chipmaker Rebellions gets $22.8M Series A extension from Korean telco company KT
TechCrunch
JULY 5, 2022
South Korean AI chip developer Rebellions has raised a $22.8 million (30 billion KRW) extension to its Series A financing from a strategic investor KT , one of the largest telecom companies in South Korea. . The Pavilion Capital-backed AI chipmaker has raised about $72.8 million since its inception in 2020. .
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Seoul-based payment tech startup CHAI gets $60 million from Hanhwa, SoftBank Ventures Asia
TechCrunch
DECEMBER 9, 2020
Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. The Seoul-based startup announced today it has raised a $60 million Series B. It is now used by 2,200 merchants, including Nike Korea and Philip Morris Korea. ”
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South Korean e-scooter company Gbike acquires Hyundai Motor’s micromobility platform ZET
TechCrunch
JULY 18, 2022
Gbike , a South Korea-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. .
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South Korea’s RECON Labs raises $4.4M to help shoppers visualize products by creating 3D models in AR
TechCrunch
MAY 2, 2022
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. Its previous backers, including Kakao Ventures, Shinhan Capital, Lotte Ventures and Naver D2SF, participated in the latest round, bringing its total raised to $4.8
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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery
TechCrunch
MAY 29, 2022
Jarkata-based Astro, which provides 15-minute grocery delivery, has recently closed a $60 million Series B financing round, lifting its total funding to $90 million since the business launched just nine months ago. by 2022, compared to China’s 6% and South Korea’s 34% in 2020. ”
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Business Canvas, a Korea-based document management SaaS company, closes $2.5M seed round
TechCrunch
SEPTEMBER 21, 2021
Business Canvas , the South Korean document management SaaS company behind Typed, announced today it has raised a $2.5 As for B2B, we are currently in the process of proof-of-concept for one of the largest conglomerates in South Korea.
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Korean micromobility startup Swing grabs $24M for growth, expands to Japan
TechCrunch
FEBRUARY 6, 2022
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . With the fresh capital, Swing has raised a total of approximately $33 million (40 billion KRW) since its inception in 2019. . Swing aims to take the market.
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Microsoft, Google, and Qualcomm are reportedly nervous about Nvidia acquiring Arm
The Verge
FEBRUARY 12, 2021
Microsoft, Google, and Qualcomm have been raising concerns to regulators about Nvidia’s Arm acquisition , according to reports by CNBC and Bloomberg. Nvidia has pledged that it won’t use its control over the company to change how it interacts with other businesses. Photo by Sam Byford / The Verge.
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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut
TechCrunch
AUGUST 22, 2022
Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans. Socar, the first and only unicorn mobility startup in South Korea, aims to become the first listed profitable unicorn company, Park noted. million users and 1.4
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South Korean financial super app Toss closes $405M Series G as valuation rises 7%
TechCrunch
DECEMBER 19, 2022
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 trillion won in June 2021, when it raised $410 million in pre-Series G funding at a $7.4 South Korea’s currency has depreciated against the dollar this year.).
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Korean car-sharing startup SOCAR has filed for an IPO
TechCrunch
JANUARY 6, 2022
SOCAR has reached approximately $834 billion (1 trillion won) valuation after raising $50.7 The company has raised a total of about $275 million since its inception in 2011, the company spokesperson confirmed. In 2018, SOCAR set up a Malaysia-based subsidiary SOCAR Malaysia, which has raised a total of $73.2 million so far. .
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Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital
TechCrunch
DECEMBER 1, 2021
South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 The latest funding brings the total raised by PeopleFund to about $83.6 The number of marketplace lenders in Korea has fallen from 237 to 102, between August 2020 and May 2021, as per its annual report in 2020.
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AmazeVR wants to scale its virtual concert platform with $17M funding
TechCrunch
SEPTEMBER 28, 2022
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 South Korea and produce immersive VR concerts.
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Volocopter raises $170M, now valued at $1.87B, to fuel the first commercial launches of its flying taxi fleet
TechCrunch
MARCH 4, 2022
Volocopter , the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical take-off and landing) aircraft and a business model for operating them in taxi-style fleets in urban areas, has picked up another big round of funding as it inches closer to its first commercial launches. It has raised $579 million?in
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YC grad QuotaBook raises $11M to scale its equity management platform
TechCrunch
AUGUST 16, 2022
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.
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Novakid’s ESL app for children raises $4.25M Series A led by PortfoLion and LearnStart investors
TechCrunch
DECEMBER 1, 2020
But it at least has a chance among the plethora of solutions out there, having raised a $4.25 Both seed investors — South Korea-based BonAngels as well as LETA Capital — took part in this financing round in January this year ($1.5 fund, LearnStart. TMT Investments and Xploration Capital also joined the round.
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Seadronix aims to reduce marine accidents at port and sea with AI
TechCrunch
MAY 10, 2022
“With this funding, we hope to recruit more staff for the AI, sensor fusion and navigation business and accelerate our global market penetration plan.” Orca AI, which puts computer vision onto cargo ships, raises $13M Series A funding. Image Credits: Seadronix.
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SoftBank-backed on-demand laundry startup Laundrygo picks up $37M Series C
TechCrunch
NOVEMBER 21, 2022
Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in South Korea, according to Laundrygo CEO Sung-woo Cho. But his South Korea–headquartered startup aims to digitize the laundry industry in the country. million in debt financing.
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South Korea’s OHouse lands $182M to add AR to home improvement app
TechCrunch
MAY 8, 2022
South Korean startup Bucketplace , which operates a home decorating and interior app OHouse, is looking to continue capitalizing on that trend with its most recent $182 million Series D round, the startup’s co-founder and CEO Jay Lee said on Monday in an interview with TechCrunch. Lee told TechCrunch. billion ( 2 trillion KRW).
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Content discovery platform Dable closes $12 million Series C at $90 million valuation to accelerate its global expansion
TechCrunch
JANUARY 12, 2021
Launched in South Korea 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
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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round
TechCrunch
AUGUST 29, 2021
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. The company had raised Series A funding of $1.8
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Energy X secures $20M at $120M valuation to slash building sector emissions
TechCrunch
JANUARY 31, 2023
To get there, they will need to find clever ways to decarbonize especially dirty businesses, including the buildings sector. South Korea 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.
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Tencent leads $100M Series B funding round into China-based esport provider VSPN
TechCrunch
OCTOBER 26, 2020
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, South Korea.
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P2P lending platform PeopleFund raises $20M Series C extension led by Bain Capital
TechCrunch
JANUARY 17, 2023
The additional funding brings PeopleFund’s total raised to around $100 million in equity. In 2021, PeopleFund raised $63.4 In South Korea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. million (75.9 Sign up here.
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Peeba raises $4.2M to digitize Asia’s B2B wholesale market
TechCrunch
APRIL 7, 2022
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The new round of funding brings its total raised to $5.8 Wholesale marketplace Abound raises $22.9M.
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Korean startup Dongnae secures $21M Series A to scale apartment rental service
TechCrunch
MARCH 23, 2022
Dongnae , a South Korea-based startup that helps tenants find premium apartment rentals, has closed $16.4 The Series A funding brings its total funding raised to approximately $34 million (40 billion KRW). . Two months after announcing its seed extension round in May 2021, the startup pivoted the business.
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AI voice, synthetic speech company LOVO gets $4.5M pre-series A funding
TechCrunch
AUGUST 26, 2021
Now a startup that is building voice skins for different companies to use across their services, and for third parties to create and apply as well, is raising some funding to fuel its growth. million pre-Series A round led by South Korean Kakao Entertainment along with Kakao Investment and LG CNS, an IT solution affiliate of LG Group.
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Japan’s gaming blockchain builder Oasys raises $20M in private token sale
TechCrunch
JULY 6, 2022
Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million. It will also be spending the money on marketing, business development and hiring. The company has roughly 20 staff across Singapore, Japan, South Korea and the U.S.
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Moov, an online marketplace for used manufacturing equipment, raises $41M from Tiger Global and others
TechCrunch
NOVEMBER 10, 2021
On the buyer side, Moov aims to help small businesses and universities around the world that don’t have the budget or network to acquire equipment to further their innovation. It also plans to expand its global presence in China, Taiwan, South Korea, Japan, and Europe.
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Your future shrimp meal could come from Atarraya’s farming technology
TechCrunch
AUGUST 15, 2022
That company mainly focused on the biotechnology aspects of aquaculture, including the challenge of raising shrimp in a closed loop system. “We We wanted to make the shrimp business more sustainable and more efficient without destroying the environment,” Russek said. “We The company grew its Mexican business 5x between 2020 and 2021.
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Hong Kong’s offline and virtual events platform EventX closes $18M Series B
TechCrunch
FEBRUARY 16, 2022
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.
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Neubility plans to roll out 400 lidar-free delivery and security robots by year-end
TechCrunch
MARCH 28, 2023
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 outfit also recently raised another 2.6 Most of its customers are in B2B.
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DNA-based data storage platform Catalog raises $35M
TechCrunch
SEPTEMBER 30, 2021
Catalog is a member of this organization and is taking this to the next level by focusing on computation and thereby enabling enterprises to generate business value from data that otherwise would have been thrown away or left in cold storage,” Park said.
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Daily Crunch: After clinching $12.3B valuation, Brex hires Meta exec as chief product officer
TechCrunch
JANUARY 11, 2022
Today we have new venture funds, spyware news, Brex raising (again), and more. It’s going to be a hectic, busy year. Turo’s business roars back in 2021 : Car-rental unicorn Turo has filed to go public, so TechCrunch dug into the numbers. Last year it raised $335 million , for reference. The TechCrunch Top 3. It’s complex.
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Agtech startup Green Labs is the latest Korean startup to lay off employees
TechCrunch
FEBRUARY 21, 2023
Green Labs , a South Korean agtech startup that raised $140 million (170 billion won) Series C in January last year, is cutting a significant number of jobs. Apart from the layoff, the startup is hitting a roadblock to raising another round of funding. Green Labs has raised a total of $170 million since its inception.
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New Age Meats bites into $25M for cultured meat product line development
TechCrunch
SEPTEMBER 27, 2021
Berkeley-based cultured meat company New Age Meats announced Monday it raised $25 million in Series A funding that will enable the company to begin production of its first product offering, a variety of pork sausages, next year. Growing awareness for healthy food and animal rights will also fuel the demand,” the company said.
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