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Most merchants in SouthKorea keep track of their international shipping logistics via email until their cargo safely gets to its destination. million (2 billion won) in pre-Series A funding from investors, including K2G Fund and strategic investor GS Global , which Korean conglomerate GS Holdings owns.
Demand for contactless payments and e-commerce has grown in SouthKorea during the COVID-19 pandemic. It brings CHAI’s total funding to $75 million, including a $15 million Series A in February. It is now used by 2,200 merchants, including Nike Korea and Philip Morris Korea.
With the recent funding, Atommerce plans to enhance artificial intelligence and machine learning technology for its platform and invest in digital therapeutics specialized in mental illness. When asked regarding its next funding plan, the company is considering raising Series C in Q1 2023. . Image Credits: MiNDCAFE app.
Danggeun Market, the publisher of SouthKorea’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.).
The startup has built smart farming software and hardware for farmers to digitize the entire agriculture value chain, from crop to distribution. Indeed, 900,000 farmers currently use the app in SouthKorea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said.
The real estate market in SouthKorea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. The new funding was led by investment fund NFX, with participation from returning investors Flybridge and MetaProp, who led Dongnae’s first seed round. Dongnae raises $4.1
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 SouthKorea’s currency has depreciated against the dollar this year.).
The fresh funds, led by SoftBank Ventures Asia , bring Seadronix’s the total round up to $8.3 A smart port uses technologies including AI, big data, Internet of Things and 5G to provide more security and save energy by digitalizing the way huge ships enter docks and handle logistics at the ports. The company just secured a $5.8
SouthKorea-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 PeopleFund targets the traditional personal credit loans market in SouthKorea, which is estimated at around $67 billion, according to the company.
During its program, SparkLabs provides funding, mentorship and access to administrative and legal advisory support for startups. 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. .
Founded in Singapore and based in Los Angeles and SouthKorea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
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. The latest funding brings its total raised to approximately $95 million. It has 354 employees as of October.
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. ” Former Uber CTO Thuan Pham joins South Korean e-commerce leader Coupang.
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
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. Investors like the idea. million in debt financing.
million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8 With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. The startup has secured $4.2
“For years SouthKorea and Japan have produced large and iconic D2C brands. To make matters worse, MyGlamm was also among the last direct-to-consumer startups to kick off its journeys in that wave. Four years is a long time in the startup world. It’s now time India joins that club and sets new charts,” he said.
billion from SoftBank Vision Fund 2, in July. The latest investment for Yanolja was Softbank’s second-largest funding in South Korean company after Coupang, which had received about $3 billion from the Japanese VC before eventually going public. . and SouthKorea around 2023.
million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., The fresh capital was led by Korea Investment Partners along with KB Investment and Korea Development Bank. It brings its total funding raised to date to $24.9 Germany, Japan and Singapore. .
Dongnae , a SouthKorea-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). . million to digitize real estate in SouthKorea. million (20 billion KRW) in equity and $4.1
Technology such as AI has digitized the finance sector, ranging from payments and remittances to lending. However, asset management is still in the nascent stage of digitization, according to the chief strategy officer and co-founder of Akros Technologies , Jin Chung. Akros just raised $2.3 In March, Akros raised $3.75
Mediwhale focuses on SouthKorea as a testbed before launching its service in the U.S. In other words, health insurance covers Reti-CVD as doctors in primary care and hospitals officially use it to treat patients in SouthKorea for the next two years; afterward, Mediwhale must submit additional clinical data to get a permanent code.
ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Founded in 2016, the startup’s last funding announcement was for its $10 million Series A, led by IDG, in May 2018.
Green Labs, which now has over 650 employees, is laying off some of its workers as part of a restructuring after doubling employees following its Series C funding. Apart from the layoff, the startup is hitting a roadblock to raising another round of funding. TechCrunch reported that GreenLabs had 320 employees in January 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.
fund, LearnStart. Both seed investors — SouthKorea-based BonAngels as well as LETA Capital — took part in this financing round in January this year ($1.5 But it at least has a chance among the plethora of solutions out there, having raised a $4.25 TMT Investments and Xploration Capital also joined the round.
It will invest in AI, cloud, robo-advisors and blockchain-powered fintech companies in SouthKorea and overseas countries after the listing, Ryu added. Kakao Corp’s digital lender subsidiary Kakao Bank, which raised $2.3 Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay.
When COVID-19 hit in 2020, it saw an opportunity to go digital, so it developed a new service akin to Hopin, supporting live events like webinars and virtual exhibitions. Its team of 100 is spread across Hong Kong, Singapore, Japan, SouthKorea and Taiwan.
SouthKorea’s Hanwha Impact led the Series B round and was joined by existing backer Hong Kong-based Li Ka-Shing’s Horizons Ventures , CEO Hyunjun Park said in an interview with TechCrunch. The Series B brings its total funding up to approximately $60 million; Park declined to disclose its valuation.
This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. Clearly the company is trying to appeal to the younger generation’s love of playing games digitally, although one has to wonder what took it so long to include a game in its offering.
In August, the company announced a partnership with SK Telecom to expand cloud services in SouthKorea. After securing $70 million in funding in April, in September the company announced Modalix, the first edge-computing chips targeted at multi-modal AI. The edge AI hardware market is projected to grow from $24.2
Through a network that intelligently tracks and organizes files based on the user’s interactions, Typed brings together knowledge from different websites and applications into one simple-to-use and quick-to-learn digital workspace. We opened up access earlier this month for the waitlists in over 50 countries.
A startup that is a blend of the two can be found in Bogota, Colombia-based Simetrik , which just raised $20 million in a Series A funding round at a valuation “north of $100 million.”. We’re investing over 45% of our revenue and funding in developing product,” he said. No-code too also remains a draw.
Betting on web3 : Manish’s second story is on Microsoft, which is backing SouthKorea–based web3 game developer Wemade. Former Yext CEO Howard Lerman thinks he has created the best option with Roam, a company that came out of stealth today with $30 million in new funding, Kyle reports. Startups and VC.
The additional funding brings PeopleFund’s total raised to around $100 million in equity. In SouthKorea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. million, depending on its loan balance. Image Credits: PeopleFund.
million (30 billion won) Series B funding to accelerate its growth in SouthKorea, the U.S. We will keep supporting creators to monetize their talents and we will also allow creators to expand their revenue streams by selling their goods, digital files and more products via our platform,” Ko said.
No slowdown in climate tech : Paul reports on Climentum Capital’s philosophy behind its new $157 million fund that will go into European startups helping reduce CO2 emissions. Speaking of putting capital to use in easier ways, some VC firms continue to raise funds, and Sequoia Capital has been very busy. million in new funding.
With the new financial infusion, Oasys plans to strengthen partnerships with game developers, digital asset exchanges and others in the gaming and crypto industry. The company has roughly 20 staff across Singapore, Japan, SouthKorea and the U.S. It will also be spending the money on marketing, business development and hiring.
Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. 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. Bang founded Plugo two months ago with five founding members.
But that’s not where the problem starts and ends: the explosion of digital content has also led to a wide number of digital counterfeiters as well. And now, the startup has raised $20 million in Series A funding to continue expanding its platform. Image Credits: MarqVision (opens in a new window) under a license.
The new funding, which brings its total funding raised to almost $26.7 The latest round of funding will allow us to expand our reach and push the boundaries even further. Media companies around the world can easily access to revolutionize the way emotions are embedded into digital and virtual contents productions.” .
To put it into management speak, our digital infrastructure is world-class. Our population churns out 181 patents per million inhabitants ranking us #8 in the world – ahead of the US, SouthKorea and Norway. But hedonistic pleasures aside, The Netherlands actually has a great foundation for tech entrepreneurship.
Zigbang , a South Korean proptech startup that provides real estate transactions service, announced on Thursday that it will acquire Samsung SDS’ home internet of things (IoT) unit to make a foray into the smart home industry. . Its main products include digital door locks and wall pads that connect to users’ smartphones.
Met with a major international human rights defender group about our Martus technology and digital security more generally. We’re a former grantee and we hope that our work and Gates funding priorities coincide again in the future. Took pictures of the lunar eclipse next to the Empire State Building(!) Enough said!
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