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LineNext, a web3 unit of the Japanese messaging app Line, raised $140 million in its funding led by Crescendo Equity Partners, a Peter Thiel-backed private equity firm in SouthKorea, to expand its web3 platform.
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. The Series B funding round comes in the wake of the startup’s joint venture announcement with K-pop agency SM Entertainment in July.
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.
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.
Two years ago, SouthKorea unveiled a plan to reach carbon neutrality by 2050. Sopoong , a social impact-focused VC, intends to support environmentally minded tech founders in SouthKorea and Southeast Asia, while building a bridge between Korean conglomerates and startups in the sector.
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. .
billion won) in a Series A led by SV Investment, with participation from strategic investor LG Uplus (a telco unit of LG), Korea Investment Partners and Crit Ventures, among others. The round brings the outfit’s total funding to date to $13.7 million and it will be used to continue developing its video platform.
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.
Una Brands , a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in SouthKorea. . The strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia.
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
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.).
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. Riiid claims that more than 2.5 Canada, Brazil, and Vietnam. .
As the boom of the e-commerce aggregator trend continues in Asia, SouthKorea, the fifth-largest e-commerce market in the world, is rolling up. Wholesum , a Seoul-based e-commerce aggregator, is jumping on the trend of larger firms buying up third-party merchants that would usually sell on e-commerce platforms like Amazon and eBay.
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.
Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. The latest funding, which brings Akros’s total amount raised to $6.1 million in funding from PeopleFund, a South Korean peer-to-peer lending platform.
Fount , a robo-advisor startup in SouthKorea, has raised a $33.4 million Series C round to beef up its machine learning-based platform development and hire staff. . Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. of millennials. .
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.
The latest round brings its total funding raised to $41.4 JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. million (3.5 billion yen) in equity and $11.6 million (1.5 billion yen) in debt.
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. CHAI wants to fix this with an API that enables companies to accept over 20 payment systems.
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.
The funding was led by MDI Ventures, the investment arm of Telkom Group, one of Indonesia’s largest telecoms, with participation from Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital, UOB Venture Management and Vertex Ventures. The new funding brings its total raised to about $94 million.
To solve the problems of traditional electronic media, a startup in Boston, Catalog , was founded in 2016 by MIT scientists including co-founder and CEO Hyunjun Park, developing an energy efficient, cost competitive, and more secure data storage and computation platform by using synthetic DNA.
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.).
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. .
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. .
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. Today, the platform also has a lead generation function, helping organizers develop new clients and partners through events.
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
If you follow #beautytok, #beautytube or any beauty content on social media platforms, you know that popular product trends are hard to keep up with. It operates in the United States, SouthKorea, Singapore, the Philippines and Indonesia. Ulta Beauty launches a fund, showcasing the resilience of corporate venture capital.
SouthKorea’s Samsung Venture Investment (SVIC) also participated, in addition to existing investors YL Ventures, Fontinalis Partners, Liberty Mutual, Presidio Ventures, Glenrock, Paladin Group and Asgen. This round brings the company’s total funding to $27 million.
As a later-stage company, Bucketplace will use the new injection of funding to accelerate its growth in SouthKorea and enter into new markets, such as Japan, Southeast Asia and the U.S., Bucketplace also claims that OHouse has been downloaded more than 20 million times in SouthKorea. Lee told TechCrunch.
The fresh funds, led by SoftBank Ventures Asia , bring Seadronix’s the total round up to $8.3 Our mission is to be an AI platform that ensures the safety and environmental protection of the ocean,” said Park. Orca AI, which puts computer vision onto cargo ships, raises $13M Series A funding. Image Credits: Seadronix.
SouthKorea is also taking measures to reduce emissions in the building sector by retrofitting buildings and strengthening ZEB requirements for new buildings through 2030. That’s when the duo pivoted from their first startup — a sustainable architecture crowdfunding platform, called Xquare. Likewise, the U.S.
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.
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.
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
The company already completed two acquisitions last month – South Korean online parking platform Modu Company and electric bike rental platform Elecle. SOCAR acquired VCNC, a Korean mobile messaging app platform, in 2018 to operate a van-hailing service Tada. million so far. . valuation .
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. Laundrygo said today it has closed a $37 million (49.5
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
Now, a South Korean augmented reality (AR) startup called RECON Labs , which enables e-commerce customers to create 3D models within a few hours by taking a short video of products via its platform PlicAR, has raised $4.4 Retailers can save time and costs by using PlicAR without building their own 3D modeling platform, he added.
The new funding was led by Alkeon Capital, an American investment firm, and included participation from new investors like Korea Development Bank, and returning backers Altos Ventures and Greyhound Capital. It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year.
Earlier this month, Neubility said it would co-develop AI-powered “cop robots” with Korean telco SK Telecom and SK Shieldus, a platform that offers central monitoring, cybersecurity consulting, and dispatch services. The extension brings the startup’s total funding, and the Series A, to about $26.1
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.
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