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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.
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 problem arose when SouthKorea’s bond market froze in the second half of last year due to the default of the theme park Legoland.
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.
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. .
Amagi, which offers cloud broadcast and targeted advertising software to scores of media and entertainment giants, has raised a large new funding round as it looks to expand its tech offerings and invest in AI-powered personalization stack. The Series F funding has propelled Amagi’s valuation to $1.4
In an interview with TechCrunch, MyGlamm co-founder and chief executive Darpan Sanghvi said the startup has spent about $270 million in equity and cash in recent months to buy a number of firms that fit with the startup’s vision. “For years SouthKorea and Japan have produced large and iconic D2C brands.
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).
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.
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
The Series A, which was oversubscribed — the firm initially targeted around $40 million — and wrapped up in less than three months, brings Rebellions’ total funding raised to about $80 million (100 billion KRW) at an estimated valuation of $283 million (325 billion KRW), CEO of Rebellions Park said in an interview with TechCrunch. .
A South Korean startup called CellMEAT , which develops cell-based shrimp, has secured $8.1 million (10 billion KRW) Series A funding to compete with 120 companies around the world that produce alternative seafood. The new round of funding, which brings its total raised to $14.1 The startup has 25 employees.
Iyuno-SDI Group , a provider of translated subtitles and other media localization services, announced today it has raised $160 million in funding from SoftBank Vision 2. The company said this makes the fund one of its largest shareholders.
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.
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.
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.
” Investors agree, with Reebelo announcing a $20 million Series A today, led by Cathay Innovation and June Fund. Reebelo’s last funding was a $1 million seed round announced in June 2020. In an interview, Franta and Rastouil said they wanted to create a startup that combined social and entrepreneurial impact.
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. Over the break, we published an interview that I had conducted with GGV Capital ’s Hans Tung and Robin Li during the fourth quarter. Fundings and M&A. customers….We
. “We have decided to postpone listing on the Korea Exchange (KOSPI), considering market sentiment remained weak amid the global market uncertainties,” the company said in an emailed statement. ” TechCrunch covered Kurly’s $210 million pre-IPO funding at a $3.3 valuation months after its last funding.
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.
“Creating 3D modeling is no longer a field for experts or software developers only,” Tryipolgon CEO Jae-sik Hwang said in an interview with TechCrunch. The Series A funding brings its total raised to $5.7 The latest funding was co-led by KB Investment and We Ventures, with participation from Naver Z and Strong Ventures.
“The pandemic accelerated transforming contactless technology with AI deployment for intelligence surveillance, smart city, autonomous driving, smart factory and robotics where AI data is inevitably needed,” Doyle Chung, Head of Global Sales of AIMMO, said in an email interview.
Red notice : It’s official — Interpol issues red notice for Terraform founder Do Kwon, who faces charges in SouthKorea after Terraform’s cryptocurrency and stablecoin collapsed earlier this year. Funding the future they want to live in : Conservative capitalists are funding their vision of the future by Dominic-Madori.
Interviewed several candidates for executive positions at Benetech. We’re a former grantee and we hope that our work and Gates funding priorities coincide again in the future. This time I had three agenda items for my conversations with congressional staff: Advocating for funding for special education. Roger Martin).
Thuan Pham, who stepped down as Uber’s chief technology officer and longest-serving top executive in May, has a new job in SouthKorea. market share in SouthKorea, the fifth-largest e-commerce in the world, is a departure from his original post-Uber plans.
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital. Beam’s MARS technology.
12 At the same time—as shown by an International Monetary Fund (IMF) report in 2017—technological advancement, especially as regards the growth of the platform economy, had been chipping away at the share of income for workers, resulting in half of the decline in workers’ share of income across the globe between 1990 and 2015.
The circular hoops : We wouldn’t dunk on cool tech like this — Ingrid reports that Huupe, a “smart” basketball hoop startup, starts a full-court press with $11 million in new funding. and SouthKorea seek Do Kwon’s extradition so he can face multiple charges. The circle of checks : Well, it was fun while it lasted!
The SouthKorea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. Bob W, the ‘tech-driven’ hospitality provider, raises €10M in seed funding.
Ringle created a niche for itself by focusing on adults first, with courses like business English and interview preparation. The SouthKorea-based startup announced today it has raised an $18 million Series A led by returning investor Must Asset Management, at a valuation of $90 million.
In this edition, we cover Reed Jobs, the son of Steve Jobs, who is launching a new venture fund to back cancer treatments; China’s cutthroat e-commerce tactics; and fan-fiction writers rallying against a proposed U.S. If you missed the news this week, no biggie. That’s what WiR is for. We’ll fill you in.
Investment into the sector certainly isn’t much to shout about right now, with venture funding declining for seventh straight quarter (TC+). funding flowing into semiconductors and microelectronics, quantum computing, and artificial intelligence. It made me come up for air for a moment and look at what’s happening out in crypto land.
In one example he gives, a founder who leaves after two and a half years on a four-year plan could end up with 22% of the company even after a big new funding round, the creation of an employee stock option pool, and additional shares set aside for a replacement cofounder-level hire. Check out the whole thing on TechCrunch. billion this week.
The SouthKorea -based church said it was considering an immediate appeal of the Tokyo District Court’s revocation of its legal status, which would take away its tax-exempt privilege and require liquidation of its assets. Mari Yamaguchi, Associated Press
Note: the speakers today are being introduced and interviewed by journalist and emcee Nadira Hira , on Twitter at @nadirahira. Millennials like instant gratification (in this case a trip to southkorea to meet the refugees your funds rescued). Millennial Giving. Alia McKee, Sea Change Strategies.
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