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Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean web3 startups, Johnny Lee, general manager of games at Solana Labs, told TechCrunch. The fund will focus on gaming studios, GameFi, NFTs and DeFi in SouthKorea.
But industry experts say it’s difficult to know where plastic ends up or get rid of it completely, even with the best intentions of reuse and recycling programs. But the agriculture industry itself only accounts for a little over 3% of all plastics used globally. But we need more crops. Can agriculture escape the plastic problem?
You only have to look at how fast well-funded startups like Joby Aviation, Wisk Aero and Lillium are building and testing electric vertical takeoff and landing, or eVTOL, aircraft. However, SouthKorea, which lacks the venture capital, entrepreneurial ecosystem and aerospace legacy of the U.S., The unusual suspects.
Two years ago, SouthKorea unveiled a plan to reach carbon neutrality by 2050. A lthough Korean manufacturers say they are trying to change their ways, the country’s GDP is linked to some uniquely pollutive industries, including petrochemical producers, automakers and shipbuilders. Getting there will be another story.
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.
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. Like other industries, the entertainment sector was affected by the coronavirus lockdown. Are virtual concerts here to stay?
According to a report by Bloomberg on Wednesday, SouthKorea plans to invest at least KRW 34 trillion ($23 billion) to help companies develop cutting-edge technologies in the fields of batteries and biotechnology. It also noted that technology from the Chinese AI startup DeepSeek is considered a “fresh shock” to the market.
Mycel , a South Korean startup making fungal-based biomaterials that can replace leather and meat, said it has raised $10 million (13 billion WON) in a pre-Series A round of funding. Ecovative Design also closed $60 million in March 2021. Its pre-money valuation is approximately $40 million (50 billion WON), according to Sah.
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, SouthKorea.
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.
Riiid , a SouthKorea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. The Japanese remote learning industry was estimated at $2.6
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 SouthKorea. . million (92 billion KRW) in total Series A funding, bringing its total funding to about $102.8
The startup announced today it has raised an undisclosed seed round co-led by South Korean internet giant Naver, CKD Venture Capital and Wooshin Venture Investment, with participation from Lighthouse Combined Investment and S&C Networks to take the market in SouthKorea and Japan. . Image Credits: eMarketer (screenshot).
The fresh funds, led by SoftBank Ventures Asia , bring Seadronix’s the total round up to $8.3 “With this funding, we hope to recruit more staff for the AI, sensor fusion and navigation business and accelerate our global market penetration plan.” The company just secured a $5.8 Image Credits: Seadronix.
SouthKorea-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. .
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. . The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others.
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. .
Nreal , the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday that it has raised $15 million from Korean sunglasses brand Gentle Monster ’s parent company, IICOMBINED. .” Japan, SouthKorea, Spain, and Germany. Nreal’s demand is currently the highest in the U.S.,
Semiconductors, which have become a valued asset, are used in virtually almost every industry, including 5G networks, automation, the Internet of Things, financials, smart homes, smart cities, virtual reality (VR), augmented reality and self-driving cars. by the end of this year, Park continued. . Image Credits: Rebellions’ AI chip ION.
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.
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
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
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.
The competition of the mobility platform industry in SouthKorea has intensified as local car-hailing companies such as Kakao Mobility and TMAP Mobility actively expand their business in the country with ambitions to become the mobility super app. Kakao Mobility picks up additional $55M funding at over $4.2B valuation .
Karamba Security , an Israel-based security startup that focuses on the IoT and automotive industry, today announced a $10 million extension to its $12 million Series B round from 2017. This round brings the company’s total funding to $27 million. ” Karamba Security’s XGuard.
The company plans to use the acquisition to make further inroads into the overseas tourism industry. billion from SoftBank Vision Fund 2, in July. and SouthKorea around 2023. SouthKorea’s largest travel tech startup was founded by former motel manager SuJin Lee , CEO and founder of Yanolja, in 2005.
The Mexico City-based company emerges with new funding, $3.9 CellMEAT, a South Korean lab-grown shrimp producer, bags $8.1M Series A funding . The funding was led by Jeffrey Horing and a group of angel investors, including Mark K. This brings Atarraya’s total funding to $10 million to date, Russek said.
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.
“For years SouthKorea and Japan have produced large and iconic D2C brands. “We are very excited to partner with the Good Glamm Group to disrupt the beauty and personal care industry and this marks our first investment in the DTC category. Four years is a long time in the startup world.
Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. Akros just raised $2.3 Akros just raised $2.3
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. Investors joining the round include public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund, and existing investors.
Neubility operates in a crowded industry that includes peers like Starship Technologies, Coco, Cartken and Kiwibot in the self-driving delivery robot space and Knightscope, which develops security robots. The extension brings the startup’s total funding, and the Series A, to about $26.1 The outfit also recently raised another 2.6
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
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.
Glorang , a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Series A funding co-led by Korea Investment Partners and Murex Partners, along with Japan’s Pksha Capital. . billion in 2019.
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.
The round was led by SouthKorea-based Dattoz Partners, which will also take a seat on Kdan Mobile, and included participation from WI Harper Group, Taiwania Capital and Golden Asia Fund Mitsubishi UFJ Capital. We’ve observed more and more industries embracing remote or hybrid work for years now, even before 2020,” he said. “We
The military and tourism are Guam's two big industry. Japan is the biggest source of tourists for Guam, with growing numbers from other Asian nations like SouthKorea. education laws as part of receiving extensive funding. The presence is growing: the U.S.
The additional funding brings PeopleFund’s total raised to around $100 million in equity. Another reason for its runway extension is to meet one of the requirements for a P2P lending license, according to industry sources. million, according to the industry sources and local media. million, depending on its loan balance.
Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry. The company has roughly 20 staff across Singapore, Japan, SouthKorea and the U.S.
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.
Seven venture capital firms participated in the latest round: DS Asset Management, Industrial Bank of Korea, Hanwha Investment & Securities, S&S Investment, Toss investment, Korea Asset Investment & Securities and Venture Field. The Korea-headquartered startup has offices in the U.K, Japan and Vietnam.
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.
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