INVESTMENT · M&A
Wearable health device, Zikto receives investment from IBK Capital and SBA

Zitko, a Korean health care wearable device startup has received US$1m (KRW1.2b) investment from IBK Capital and SBA (Seoul Business Agency). This investment follows a recent investment from ‘The Creation Investment’ to bring total for recent investments to US$1.7m (KRW 2b). Zikto is a healthcare product that monitors walking steps and corrects body posture. After releasing their ‘Zikto Walk’ on the 5th of October, the company has received praise for the product’s design…

Korean beauty service provider B2Link wins investment from China’s DT Capital
491일 전

Chinese Venture Capital (德同资本)company, DT Capital have followed other VCs in the recent trend for Korean beauty products, with an investments into B2Link. This is the fourth investment into the company following investments from DSC Investment in September last year and January this year and an investment from another Chinese company, KTM Network in September. DT Capital have an impressive investment portfolio in over 200 global companies. Since being recognized by Forbes as…

Baemin Fresh acquires Korea’s leading traditional side dish delivery service
491일 전

Baemin Fresh, a service dedicated to delivering the freshest food products has acquired ‘The Food’, Korea’s leading traditional side dish delivery service. Following the acquisition, the company announced that it will commence services in household convenience goods as of 23rd November. The Food commenced started in 2005 and since launching the traditional Korean side dish shopping mall has become the leader in this service. To date the company has fulfilled over 700…

Vanity Trove of Singpore acquires Padang, mobile Korean beauty information app

On the 23rd November, the acquisition of Padang, a service providing mobile beauty information in Korea (operated by Gentle Family) acquired by Vanity Trove of Singapore, a startup specializing in beauty related information and operation of contents community. Padang was founded by four members with the aim of providing information of beauty shops in Seoul including any promotions, appointments, location, additional information, and customer reviews. Since starting in April 2015, the company had…

NICE group acquires Birdview the operator of Hwahae, the largest cosmetic app in Korea
493일 전

On the 20th November, Birdview, the company behind ‘Hwahae’ Korea’s most popular mobile cosmetics app, revealed that it had been successfully acquired by the NICE group. Hwahae (Cosmetic Analyst) allows its users to easily recognize chemical and active constituents contained within each cosmetic product. The review of each cosmetic product is sorted by the skin type relevant to the user. Since its debut in July 2013, Hwahae has amassed more than 1.5…

Additional US$4.3m investment for tailored men’s fashion O2O startup ‘Stripes’

Stripes, an O2O startup offering tailored men’s fashion has secured additional investment US$4.3m. On the 2nd November, the company, determined to become a comprehensive brand for men’s fashion launched its first oversea branch in Singapore. Lee Seung Jun from the company commented, “After studying the Asian market, we determined a high consumer preference towards Korean products”. The company plans on further oversea launches following the acquisition of ‘Dream Factory’ a manufacturer of luxury…

Social activity platform, Friend Trip receives US$1.2m investment
498일 전

Social activity platform Friend Trip revealed on the 17th November that it had received US$1.2m (KRW 1.5b) in new investment. This is the second investment for the company and follows a US$500l (KRW 500m) last June. Friend Trip commenced as a startup with the aim of creating an innovative approach to interacting with leisure and travel culture. The platform delivers on this objective by creating a communication platform connecting new people based on…

‘Hyperconnect’, communication app ‘Azar’ receives US$8.6m investment
499일 전

On the 17th November, Softbank ventures announced that it had made an investment into HyperConnect a communication application startup. The total of the investment was revealed to be US$8.6m (KRW 10b) and was provided jointly with Altos Ventures. HyperConnect Inc. started in March last year with the aim to connect the people of the world with the most effective and economical means. Their communication app ‘Azar’ allows easy live chat with other users…

Womans Talk, Korea’s leading online mobile beauty platform, secures Series A investment
504일 전

Woman’s Talk, Korea’s first online mobile beauty home shopping has succeeded in attaining a Series A investment of US$1.7m (KRW2b). With their launch in February titled ‘Korea’s first online beauty home shopping’, Woman’s Talk is the leading video commerce platform in Korea. The platform relies on a distinctively unique marketing strategy, utilizing a range of product ambassadors that appear in their media including reporters, actors, show hosts, comedians, Youtube channel hosts and…

MCN startup ‘Makeus’ secure US$17m investment from 4 venture capitals

Makeus, a Multi Channel Network startup has successfully secured the largest Korean investment into MCN (Multi Channel Network) in recent news. The investment totaling US$17.4 (KRW 20b) has been provided by venture capital companies DSC Investment, KTB Network, Capstone Partners and Stonebridge Capital secures US$17.4 m. With the rising trend towards new media, MCN companies have been attracting great interest from investment companies.  Of the recent investments into similar companies, this is…

Cosmetic ranking service GlowPick received investment of US $1.3m
505일 전

GlowDays the company behind GlowPick has received a Series A investment of US$1.3m (KRW 1.5b) from SL Investment,  Jafco Asia and ShinHan Capital.Glowpick is a cosmetic raking service that provides ranking based on consumer reviews of the product. The ranking process is somewhat different to other similar platforms in that GlowDays runs an algorithm to establish only credible and genuine review. A common problem in modern blogs and review platforms is the…

Multi-SNS advertising app Tenping secures investment from Capstone Partners

10th November 2015 – Tenping, a public company providing real time mobile rumor service revealed it had received an investment from Capstone Partners. Tenping is a marketing service that allows advertising content to be released in native format. The app then releases this onto other social networks, blogs and mobile apps. Already more than 100 advertising companies have used the service to release over 600 advertising contents. Since launching in May last year, the…

SK Telecom boosts investment into MCN provider Treasure Hunter by US$4.3m
507일 전

SK Telecom has made a US$4.3m (KRW 5b) into MCN (Multi Channel Network) operator Treasure Hunter. Treasure Hunter is the creator and operator of famous and popular channels such as YangDding (YG Gaming Channel), Aligator and Eve Kim.  The investment is expected to boost the Hotzil channel which was launched on the 9th November as a channel for music, live and entertainment mobile video. SK Telecom highlighted their aim in improving the…

K Cube Ventures invests into Korean independent fashion brand platform, Mutzip
507일 전

K Cube Ventures – specialist in mobile, internet and technology investments has invested US$500k (KRW 600m) into Mutzip, the provider of Hot Source an independent fashion platform. The name Hot Source refers to the independent platform’s ability to find ‘Hot’ trends and ‘Source’ fashion brands. The service is able to connect Korean independent fashion brands with buyers via mobile app and web base equipped with an easy transaction service. Mun Gun, the…

Anonymous company bulletin, Blind receives investment from Silicon Valley DCM and Japan VC Global Brain

According to ‘The Bridge’ a  Japanese startup media service provider, ‘Blind’ an anonymous social networking service for company employees has received an investment from Japanese investment company Global Brain as well as Silicon Valley’s DCM. The company launched their social networking service back in December 2013 and was among the beGLOBAL San Francisco’s Top 10 startups in 2014. Currently, Blind’s aim to provide ‘Open Communication to a Closed Community’. The service provided…

Mobile security developer, Lockin Company secures $1.3m investment business bank
512일 전

Lockin Company, a specialist in mobile security solutions has received US$1.3 million (KRW 1.5b) in investment from KDB Business Bank. The investment comes within 2 years since its startup and has been sourced from a business bank rather than a traditional venture capital. This investment is the first of its kind in Korea from a major business bank into a startup still in its early stages. This investment reflects the level of…

I Am School provider of Mobile Homework Diary receives investment from LB Investment

Mobile digital homework diary service ‘I Am School’ has secured US$2.1m (KRW 2b) investment from LB Investment. I Am School is Korea’s first mobile homework diary service that captures 99% of the almost 63,000 bulletin boards used by 11,500 schools. Within 2 years of release, more than 1.3 million users subscribed to the service. The majority of the app downloaders were parents over 40 years of age; an age group that typically has…

Accessory eCommerce provider DearMissJ lands investment from Sazze Partners
514일 전

DearMissJ, an eCommerce startup marketing accessories and handmade product by Korean designers into the North American market has secured an early development investment from Sazze Partners from Silicon Valley and Primer. Following their start in 2014, they were quickly brought to the spotlight through Instagram of famous celebrities and North American fashion blogs. The platform has experienced continues growth in revenue with monthly subscribers often doubling. Kristy Kim from DearMissJ commented on…

Art rental service Open Gallery receives US$1.7m investment from LB Investment

Open Gallery, an art rental service startup has secured a US $1.7 m (KRW 2b) investment from LB Investment. Despite having been established only two years, the investment was able to proceed based on the great potential of the company to pioneer the art rental market in Korea. The combined experience and skills of the founding members has provided the company with a robust foundation: Park Yi Gyu responsible for art has…

Lotte Group pledges $85m towards accelerator funds

The recent announcement of Shin Dong Bin, the chairman of Lotte Group to dedicating US$85m (KRW 100b) towards accelerator funds was covered by major media outlets including Chosun, Joongang and Hankyung. Naturally, the articles offered positivity in covering the launch of ‘Lotte Accelerator’ which would commence in January next year and support youth startups with a total of US$85 million in funds. The articles also focused on Shin Dong Bin’s pledge of US$8.5m (KRW 10b) of…