INVESTMENT · M&A
K-beauty SNS Unpa receives $1.2m investment from Partners Investment
521일 전

  Lycl Inc, the operator of Korea’s leading beauty SNS Unpa has confirmed receiving an investment worth US $1.2m (KRW 1.4b) from Partners Investment. The company has been consecutively selected as a leading medium corporation by the Department of Future Creative Science R&D. This investment has allowed Lycl Inc to secure capital position totaling US$1.7m (KRW 2b) which will allow upgrades to domestic services, provide operational stability and create a foundation for…

Kakao’s K Group Ventures acquires beauty solution provider Hasys
533일 전

K Venture Group, a specialist investment branch of Kakao has acquired a majority (51%) stake in top beauty solution company ‘Hasys’.  Hasys is the developer and service provider of client management solutions for salons, facial salons, and nail shops. Their beauty client management solutions ‘HairJjang’ and ‘Beauty Jjang’ as at September 2015 maintain more than 9,600 clients. This represents 69% of the market for beauty company client management solutions. On the topic…

Global music distribution startup ‘Pison Contents’, received US$930k from Silicon Valley Investor

On the 14th October, global online music distribution service provider Pison Contents announced a $1m (KRW 1.1b) investment for their music-spray distribution technology. The investment is a combined total from Silicon Valley venture capital Sazze Partners, a Korean primer investor, and startup business program (TIPS) which is state operated by the small business agency. Although Pison Contents is headquartered in Korea, their offices and research centres are operated in USA, France and China….

K Cube Ventures invests into first person shooting game developer, Saltlab
534일 전

K Cube Ventures, which specializes in investments into mobile, internet and technology companies confirmed on the 13th of October an investment of US1.7m (KRW 2b) into Saltlab a first person shooting game developer. Saltlab was formed in 2007 by gathering  top talent with experiences in famous award winning Korean games ‘Aba’, ‘Metro Conflict’ and ‘Red Doc’. Most team members have more than 10 year experience in the genre of  first person shooting game, in either development…

Korean startup ‘Venticake’, gets US$5.9m investment for camera app Retrica
539일 전

Venticake, the developer of camera app ‘Retrica’ has secured investments totalling US$5.9m (KRW 7b) from US venture capitals Bessemer Venture Capitals, Goodwater Capital and Altos Ventures. With more than 250 million downloads globally, Retrica is a camera app market leader throughouth Asia and South America. The company plans to target new geographical areas as well as concentrate efforts on improvements for existing users. The experience of Venticake come from various IT fields;…

O2O startup 12CM, receives US$4.4m worth of new early investments
539일 전

12CM the original developer of ‘smart-stamp’ technology has received US$4.4m (KRW 5.2b) worth of investments from Korean domestic investments institutions. The four-way joint investment contributors are Capstone Partners, KDB Development Bank, Aju Investment Bank and Suprema Investment. For Capstone Partners, the investment is a follow up to their early stage investment in the company in late 2014. In developing smart-stamp technology, 12CM have registered more than 200 patents and to integrate into industry…

StudyMax, an English education startup in Korea wins $3.8m investment
540일 전

StudyMax, is a Korean startup that develops English educational content optimized for today’s highly mobile society. On the 7th October, investments totalling US$3.8m (KRW 4.5b) lead by LB Investment, DS Investment and two other venture capitals was confirmed. Past investments secured by the company include an early stage investment by Bon Angel Venture Partners in 2010 and a Series A investment from NeoPlug in 2012. This new investment comes three year after…

Daily Hotel, a Korean hotel reservation app receives investment boost from Silicon Valley’s ‘Sequoia Capital’

Daily Hotel, a Korean hotel reservation app has received an investment from Silicon Valley’s Sequoia Capital, a venture capital that invested into Apple and Google. This marks the third investment for Daily Hotel following Bon Angels (a venture capital primer) backing of the company earlier this year. For Sequoia which traditionally makes investments in the USA, this is the just the second investment into a Korean company with the first being Coupang. Shin In Shik…

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…

Joint investment by K Cube Venture and Partners Investment of US$1.7m into game MCN specialist startup, Kong Doo Company.
541일 전

On the 6th, the joint investment was confirmed between K Cube Ventures, a specialist investor into internet, mobile and technology and Partners Investment. The investment is into a game company Kong Doo Company which specializes in MCN (Multi Channel Network) for games and the investment worth US$1.7m (KRW 2b) Kong Doo Company Professional is Korea’s premier gaming MCN originally starting with StarCraft gamers Hong Jin Ho and Kim Taek Young. For the…

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…

Amore Pacific invests into Korean IoT beauty startup, Way Wearable
546일 전

Way Wearble, the developer of ‘Way’ the world’s first skin care IoT solution has received an investment from Amore Pacific which is Asia’s leading cosmetics·beauty corporation. Way Wearable is preparing for mass production and service development of Wave with the planned global launch to occur later this year. The investment amount has not been disclosed. Way Wearable first is the world’s first to incorporate IoT (Internet of Things) in skin care. The technology…

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….

Korean tourism company ZaiSeoul wins $2.5m investment
558일 전

ZaiSeoul is a Korean Travel business specifically catering for Chinese tourist requirements through their travel service platform. On the 18th September, ZaiSeoul confirmed an investment from NICE group for US$2.5m (KRW 3b).  Since 2011, ZaiSeoul has distributed a discount coupon like magazine in Korea and China. The magazine distributed monthly, services Chinese tourists with travel information including accommodation, restaurants, tourist attractions, shopping and other travel related contents. In total, the magazine has distributed…

Korean startup Origin Games wins investment from AltosVentures and Bon Angels Venture Partners
561일 전

Mobile game OriginGames has secured US$1.7m (KRW 20b) from two very well known Venture Capital companies; American VC Altos Ventures; and Bon Angels Venture Partners who were the first VC in Korea to specifically target startup investments. Origin game is a startup specializing in mobile games. Their key personnel include webgen ‘R2’ and C9’ team leaders, and key development team members from Nexen ‘Dungeon and Fighter’. They are currently developing a mobile game…