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Mycel’s mushroom-based biomaterials sprout $10M in funding

TechCrunch

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.

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Tencent leads $100M Series B funding round into China-based esport provider VSPN

TechCrunch

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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Green Labs secures $38.4M in debt financing about a month after conducting layoff

TechCrunch

Indeed, 900,000 farmers currently use the app in South Korea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said. The problem arose when South Korea’s bond market froze in the second half of last year due to the default of the theme park Legoland.

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Seadronix aims to reduce marine accidents at port and sea with AI

TechCrunch

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.

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Meet Seoul-based accelerator SparkLabs’ 19th batch of startups 

TechCrunch

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 South Korea but global regions. .

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General Atlantic values media tech Amagi at $1.4 billion in new funding

TechCrunch

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

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Amazon-backed D2C beauty brand MyGlamm becomes unicorn with $150 million funding

TechCrunch

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 South Korea and Japan have produced large and iconic D2C brands.

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