COMPANY
Korean beauty commerce company, Althea gets backing from Silicon Valley’s 500 Startups

Althea the top Korean beauty commerce company in South East Asia has been successful in securing an investment from 500Startups, which is among the best known Silicon Valley venture capitals. Although the company was only launched in April this year, they successfully secured an early stage investment with Bon Angels in May. Five months down the track, they have caught the eye of Silicon Valley’s 500Startups with a new investment. Key members of…

beGLOBAL San Francisco 2015 bridging Asia and USA with startup talent

Each year, beSUCCESS which is Asia’s leading network for startup and technology media, hosts local events both in Korea and USA. Following on from the successful completion of ‘beGLOBAL Seoul 2015’ in May, ‘beGLOBAL San Francisco 2015’ will be held on the 15th October. Hosting these two annual events has created a vital link between Asia and America in discovering startup talent. The upcoming San Francisco event is expected to create instrumental…

Mobile Advertising App ‘Hooreel’ Receives Investment from Primer and Sazze

Korea’s largest angel investor, Primer, teamed up with US-based eCommerce investor, Sazze, to invest in Indie CF aiming to revolutionize mobile advertising with their service Hooreel that connects people in need of video ads to capable directors. Hooreel puts the power of an entire video production studio in the palm of every smartphone user, enabling people to plan, edit and broadcast their own viral marketing videos. With this investment, Hooreel plans to expand their…

Korean fintech startup Coin Plug get US$4.2m investment for Bitcoin blockchain technology

On the 1st October, CoinPlug, a Fintech company specializing in blockchain technology using bitcoins, announced that it had secured US$4.2m (KRW 5b) in investments from domestic investors. Atinum Investment lead the investment along with other investors including KB Investment and SBI Investments. Uh Jun Sun CoinPlug’s representative said, “This investment activity from local investors highlights the rising importance of blockchain technology”. He added the company was, “Delighted that CoinPlug has become the first blockchain…

Korean IT outsourcing startup platform, WishKet receives US$1 million investment

  Wishket, a startup specialist in IT outsourcing has received a US$1 million (KRW 1.2b) investment from Smilegate Investment and Mega Investment. Wishket is an online outsourcing platform linking IT projects with IT specialists that can carry out the work. When a company registers a project on Wishket, prospective talent are able to anonymously tender their proposals. The various proposals are organized in concisely and in a format easy to compare. In the process…

Viddsee Secures USD2.3 Million To Further Asia’s Mobile Cinema

Viddsee raises USD2.3 million to date, after bringing Japan-based CyberAgentVentures (CAV) as lead investor in its latest round of funding to develop the new wave of mobile-powered cinema, starting with Asia. Viddsee is a hybrid online video platform that showcases short films on its web platform and through its mobile Viddsee app. It was founded two years ago by Ho Jia Jian and Derek Tan, two entrepreneurs in Singapore with a background…

Korean recruitment service startup ‘Wanted’ receives $1.4m investment

‘Wanted’ developed by ‘Wanted Labs’ is an employment recommendation service. The company has attracted investments of US$1.4m (KRW 1.7b) from KTB Network, Mirae Asset Venture Investment and Stone Bridge Capital. This has come four months after the release of their open-beta service. Wanted allows experts in a field to recommend peers. If the lead is successful, the person who made the recommendation is rewarded with a recommendation fee. Companies from different fields have…

K Cube Ventures invests into Binary VR a Korean facial recognition startup

    Technology investment specialist K Cube Ventures, confirmed on the 22nd investment of US$400k (KRW 470m) into Binary VR, a startup for facial expression tracking based on cyber reality and avatar generating solution. Binary VR is able to recognise facial expressions in real time and transfer this onto a virtual reality 3D generated avatar. Ryu Ji Hoon a key member of Binary VR had previously developed relevant technology whilst working for…

UAE VC MENA Apps invests US$170 million into Korean Startup with Towerless Internet Technology

  On the 21st September, global satellite communication company DiGiFi Korea was successful with securing an investment worth US$170 million (KRW 200 billion) from UAE’s largest venture investment company, MENA Apps. Founded in 2014, DiGiFi Korea is a global company that developed an antenna for satellite communication that enables worldwide internet access. Their technology is able to create a wi-fi hotspot through their antenna that broadcasts the internet through low earth orbit satellite….

KTB Network invests $2.5m into Korean beauty eCommerce B2Link

KTB Network specializing in company investments in the global field of cosmetics, fashion and electronics has confirmed an investment deal worth US$2.5m (KRW 3b) into B2Link.  This recent investment follows on from DSC Investment totalling US$1 million (KRW 1.3b) in September last year and January this year. The deal is expected should accelerate the developments required to become a global business. Since starting one year ago, the company has recorded first half year…

Maverick video technology startup wins US$590k investment from BonAngels

BonAngels Venture Partners who specialise in technology startup investments along with state run program Tech Incubator Program for Startup (TIPS) have invested US$590k into Maverick the provider of cloud SNS video editing app Alive. Last year, Maverick, an affiliate of KT, created an app called Alive that allows users to easily edit and share the video taken on smartphones.  Through the use of a cloud rendering engine, Alive can compose high quality…

Auto pilot drone Uvify wins $250k investment from K Cube Ventures

Uvify a startup specializing in the development of autonomous unmanned drone technologies, has won an investment deal with K Cube Ventures.  This deal was confirmed on the 2nd September by K Cube Ventures who are widely known as leaders in technology investments. The investment deal is thought to be worth a quarter million US dollars. Aside from the K Cube Ventures investment, Uvify has secured further investments from two state run agencies with…

Softbank Ventures, invests into Gaudi Audio Lab – VR Audio startup

On September 1, Softbank Ventures Korea announced a joint investment deal with Capstone Partners for an amount US$920k which is to be invested into Gaudi Audio Lab. When founded, Gaudi Audio Lab’s mission was to provides the ultimate sound experience that integrates sound and feeling.  This sound solution technology is aimed at complementing the emerging AR and VR markets. Key members include experts at the Wilus Institute of Standard and Technology who led…

Anonymous SNS app Around, snags $1.7 million investment

On the 28th August, Softbank Ventures announced its US$1.7m investment into Converse who have developed the anonymous communication app called Around. Around is a SNS app that allows users to freely share their feelings about life, workplace, emotions, love affairs and family. Being an anonymous SNS platform, there is no need to cloak any of these feeling for social acceptance. Users of around have given the app a score of 4.9 out…

Fintech startup BMO receives $1.8m from investors for Honest Fund P2P loan service

Fintech startup company BMO has received approximately US$1.8 million from investors including Yellow Financial Group, Settle Bank and Shin Hyun Sung the CEO of Ticket Monster for their P2P (peer to peer) loan service platform Honest Fund. Honest Fund is a peer to peer personal loans and investments service, that directly connects borrowers to lenders without banking institutions. The platform provides borrowers access to funds that do not impact on credit ratings…

TheVentures invests into insurance reversebid company MyRealPlan

If you’ve ever experienced the frustration in finding the right insurance plan then MyRealPlan is the solution you’ve been waiting for.  Of course, finding the right insurance plan is just the start, you then need to find the best value amongst the multitude of insurance service providers and their brokers, and the broker’s brokers.  But no need to worry, since MyRealPlan has this solved too, with their reverse bidding process, where insurance…

Korean travel startup, MyRealTrip receives investment from Silicon Valley company AltosVentures

  Korean travel tour and activity startup, MyRealTrip has revealed that it had secured additional investment through Silicon Valley company AltosVentures. For MyRealTrip, this new investment comes 1 year after the combined US$840 thousand investment from SmileGateInvestment and CapstonePartners in June last year. The funding will provide the needed foundations in launching the business globally. MyRealTrip was founded in 2012 as a travel startup offering locals around the globe the opportunity to partake…

Altos Ventures invests $3M into beauty eCommerce company HuiSeoul

Silicon Valley investment company Altos Ventures recently announced its US $3.0M investment in Trillionaire. Trillionaire runs a Korean cosmetic ecommerce service called HuiSeoul, which focuses on providing Korean beauty products exclusively to the Chinese market. The journey for HuiSeoul started in a single store in Myung Dong (Seoul) back in November 2014. The company reacted quickly to an identified market in China for Korean cosmetic and beauty products. In February 2015, HuiSeoul began, and started to…

Yea Studio, developer of children’s drawing SNS Junimong, secures $850k investment

Yea Studio, the creator of Junimong, a popular kids drawing social networking site, has secured a $850k investment from East Gate Partners LLC and Big Basin Capital. East Gate Partners operates Daum’s Youth Startup Investment Fund while Big Basin Capital is a Silicon Valley venture capital firm focused on investing in Korean and American startups. This is the second early development investment for Big Basin Capital, and is a follow up to Mashup Angles, in which…

Scatter Lab attracts a 1.3B won investment from Softbank Ventures and KTB

Scatter Lab, a big data analysis company specializing in analyzing chat emotions, announced a series A investment of 1.3 billion won from Softbank Ventures and KTB. Both companies have an equal share in the investment, each investing 650 million won in the company. Scatter Lab was founded in 2011 as a startup specializing in analyzing emotions, aiming to give people a more valuable chat experience. It now operates a service caller Ginger, which is an artificial intelligence…