TechCrunch

OCTOBER 7, 2021

Riiid , a South Korea-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. .

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TechCrunch

JUNE 5, 2022

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, South Korea, which lacks the venture capital, entrepreneurial ecosystem and aerospace legacy of the U.S., trillion ($1.4

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TechCrunch

MARCH 30, 2023

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 major cause was its new service, accounts receivable factoring , also known as invoice discounting. Green Labs , a Seoul-based agritech startup, has secured $38.4

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TechCrunch

DECEMBER 9, 2020

Demand for contactless payments and e-commerce has grown in South Korea during the COVID-19 pandemic. This is good news for payment service operators, but the market is very fragmented, so adding payment options is a time-consuming process for many merchants.

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TechCrunch

DECEMBER 19, 2021

The latest funding brings its total raised to approximately $761 million and values the company at $3.3 The Seoul-based startup that provides next-day grocery delivery services across the country will use the fresh capital to advance its data infrastructure and logistics service and recruit talent. . billion. .

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TechCrunch

MARCH 23, 2022

Dongnae , a South Korea-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). . “We are excited to make great homes accessible and affordable to renters in Korea. Dongnae raises $4.1

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TechCrunch

DECEMBER 19, 2022

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 South Korea’s currency has depreciated against the dollar this year.).

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TechCrunch

NOVEMBER 2, 2022

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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TechCrunch

JANUARY 17, 2022

South Korea-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. .

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TechCrunch

DECEMBER 1, 2021

South Korea-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 The number of marketplace lenders in Korea has fallen from 237 to 102, between August 2020 and May 2021, as per its annual report in 2020.

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TechCrunch

FEBRUARY 6, 2022

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.

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TechCrunch

MAY 8, 2022

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).

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TechCrunch

JUNE 22, 2021

Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year.

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TechCrunch

MAY 10, 2022

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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TechCrunch

APRIL 1, 2021

The new firm also announced the launch of a 30 billion JPY (about $271 million USD) fund, which it claims makes it one of the largest corporate venture capital funds in Japan. DNX Ventures launches $315 million fund for US and Japanese B2B startups. SIP Global Partners announces first close of its $150M fund to bring U.S.

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TechCrunch

NOVEMBER 21, 2022

Mom-and-pop stores and franchises — mostly offline — account for about 95% of the laundry market in South Korea, according to Laundrygo CEO Sung-woo Cho. But his South Korea–headquartered startup aims to digitize the laundry industry in the country. Investors like the idea. million in debt financing.

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TechCrunch

AUGUST 22, 2022

Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans. Socar, the first and only unicorn mobility startup in South Korea, aims to become the first listed profitable unicorn company, Park noted. million users and 1.4

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TechCrunch

NOVEMBER 14, 2021

The commercial real estate brokerage market in South Korea 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.

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TechCrunch

NOVEMBER 3, 2021

The lawmakers also have expressed concerns regarding the growing power and valuation of tech companies in Korea. . Kakao Pay had to delay its listing twice this summer as the Financial Supervisory Service (FSS) asked Kakao Pay to cut its share price and valuation. Korean Messaging Service Kakao Gets Ready For A $2 Billion IPO.

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Fast Company Tech

MARCH 18, 2025

Lambda Labs new 1-Click service provides on-demand, self-serve GPU clusters for large-scale model training without long-term contracts. SambaNova Systems takes another tack with its SambaNova Cloud, an AI inference service. In August, the company announced a partnership with SK Telecom to expand cloud services in South Korea.

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TechCrunch

JANUARY 6, 2022

The company plans to launch a transportation super app this year that will provide all-in-one mobility services like car-sharing, electric bike-sharing, parking lot search, car-hailing, train reservation and more, Jaewook Park, CEO of SOCAR, said in early December at the company’s press conference. million so far. . million so far. .

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TechCrunch

AUGUST 29, 2021

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 had raised Series A funding of $1.8 million (13 billion won) in a Series B+ round as it scales up. million and an additional $1.2

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TechCrunch

OCTOBER 11, 2021

Fount , a robo-advisor startup in South Korea, has raised a $33.4 Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated. Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated.

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TechCrunch

MAY 2, 2022

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 New investors Korea Investment Partners, Hanwha Techwin and Kakao Brain also joined in the round. “We

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TechCrunch

MARCH 28, 2023

Alongside the robot, it also offers an API Kit for robot monitoring and control solutions called ‘Neubie-GO,’ which it sells on a “RaaS” (Robotics as a Service) model. The extension brings the startup’s total funding, and the Series A, to about $26.1 The outfit also recently raised another 2.6

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The Verge

JANUARY 19, 2021

WEBTOON’s innovative monetization model and Wattpad’s massive library of diverse stories will provide each prospective affiliate with new levers for growth, creating a stronger foundation to fund an aspiring generation of young, creative talent. Update, 8:38PM ET: Added info from BetaKit about how Wattpad plans to operate independently.

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TechCrunch

OCTOBER 14, 2021

Interpark offers online travel booking services and international shipping to more than 230 countries and targets Korean, English, Chinese, and Japanese-speaking customers. Interpark’s services cover shopping, restaurant reservations, travel tickets, attractions, and live performances, a spokesperson at Yanolja told TechCrunch. .

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TechCrunch

MARCH 31, 2021

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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TechCrunch

MARCH 4, 2022

Volocopter , the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical take-off and landing) aircraft and a business model for operating them in taxi-style fleets in urban areas, has picked up another big round of funding as it inches closer to its first commercial launches. It has raised $579 million?

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TechCrunch

DECEMBER 2, 2021

South Korea’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. ” Karamba Security’s XGuard.

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TechCrunch

MAY 11, 2022

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.

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TechCrunch

APRIL 9, 2021

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. Streaming services face their real test in 2021.

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TechCrunch

AUGUST 16, 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.

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TechCrunch

APRIL 18, 2023

Mediwhale focuses on South Korea as a testbed before launching its service in the U.S. It expects to sell its product this summer in South Korea. Mediwhale recently closed $9 million in Series A funding, which brings its total to $12 million since inception.

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TechCrunch

APRIL 28, 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. .

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TechCrunch

NOVEMBER 10, 2021

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.

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TechCrunch

DECEMBER 8, 2022

The latest funding, which brings Akros’s total amount raised to $6.1 The outfit is already in discussions with potential partners to expand its AI-powered product called portfolio management as a service, or PMaaS , an all-in-one operating system for portfolio management. Akros just raised $2.3 In March, Akros raised $3.75

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