INVESTMENT · M&A
A Main Stage for Korean Startups, beSUCCESS Raises Pre-Series A From Global Pool of Investors

Seoul, Korea 22th Aug – beSUCCESS has successfully closed a Pre-Series A round with investors from Korea, USA, China, and Japan, in order to grow its expanding brand as a leading media platform for news on Korean startups, host of Asia’s largest tech conference, beGLOBAL, and now also a database platform with its recent launch of Beginning (beginning.xyz). Among the firms that participated in this round include DCM Ventures, Strong Ventures, 500 Startups(US), Hardy…

Mobile Blood Testing Solution ‘BBB’ Raises $5 Million Series A Round
263일 전

BBB Technologies Inc. (BBB), a mobile healthcare startup, announced $5 million in Series A fundraising. This round’s investors consisted of ID Ventures, POSCO Capital, and Mirae Asset Capital. BBB released the world’s first Android-based mobile blood testing device, elemark®, within six months of its founding in 2014. With elemark®, patients can conduct blood tests themselves and have the test results automatically saved in the cloud for tracking their biomarkers. BBB also established a…

Viva Republica, providers of P2P Transfer service ‘Toss’, Raises $23 million

Viva Republica, the providers of P2P money transfer service ‘Toss’, raised KRW 26.5 billion (about $23 million) on April 11th from a consortium consist of the leading domestic venture capital from KTB and Sillcon valley based firms from Goodwater capital and Altos ventures. The capital raised from this round will enable the company to strengthen Toss’ market dominance and expand its lineup of Fintech services. Toss, which launched on February of last…

K Cube ventures and Stone Bridge Capital invest into Korean O2O laundry service startup Washon

Mobile, Game and Technology investment specialist, K Cube Ventures and Stone Bridge Capital have invested US$860k (KRW 1b) into Washon, a laundry service operator. Washon is an on-demand laundry service allowing its users to select collection and return times that are most convenient for them. This O2O (online to offline) came to fruition after Chae J00 Byung, an experienced laundry operator joined forces with IT professionals with experiences working with Naver, Oracle…

Union Invests into Korean beauty MCN startup Leferi

Leferi Beauty Channel, a popular beauty MCN in Asia has secured a US$822k (KRW 1b) investment from Union Investment Partners. Driving the investment deal was the global trend for video contents. In the Asian market, popular video content categories in the Asian market  include beauty and fashion as well as Korean products. Leferi Beauty Channel has partnered with Youtube Korea over the last 1 year and 4 months to deliver their Creator Academy…

Tribeluga with bigger plans to establish Korean startups in other countries
415일 전

Tribeluga, a pioneering cross-border innovation platform focusing on funding and nurturing Health, Education, and Environment (HEE) technologies across China, Korea and the US has held a press conference at the Lotte Hotel to announce their performance and plans for the future. Tribeluga was first registered as a Korean entity in 2014 and in the same year held the ‘Tribeluga Tech Conference Beijing’. The company participated in beGLOBAL Seoul 2015 and throughout last year…

Second investment in three months for Korean startup Supermenz

Local supermarket delivery App, Supermenz has secured an investment deal with Korea’s leading startup accelerator ‘Primer’ and Sazze Partners of Silicon Valley’s. The value of the investment has not been disclosed. This is the second investment in three months following the early stage investment in October. Both investments have enabled Supermenz to establish a foothold on the local supermarket delivery service in Korea. The investment will allow Supermenz stick to their strategic operational plan…

Korean startup Smatoos receives strategic investment from Miraeen Publishing
421일 전

Smatoos, the operator of BeNative Pro, an online business English and Chinese teaching service has secured a strategic investment from Miraeen, an educational content publisher and strategic investment company. BeNative Pro is a service teaching and providing an opportunity to practice the languages of English and Chinese and is delivered in China, Korea and Japan. The service is offered as part of employment training programs by large corporations, including Samsung, LG, SK…

Kakao acquires Park Here, a startup providing parking search and booking service in Korea 

Kakao have announced their strategic acquisition of Parking Square the developer and operator of ‘Park Here’, an app that allows searching and reservation of parking spots. The app allows its users to quickly search for vacant parking lots nearby and reserve the vacancy at a discounted rate. The app is appealing to both parking spot users and parking lot operators as it provides parkers a convenient way to access a parking spot…

Korean tourism platform startup, Creatrip receives investment from KAIST Venture

Creatrip, a platform where local tourism courses and information can be accesses has succeeded in attaining a US$172K (KRW 200m) investment from KAIST Venture Investment. The platform is aimed at foreign visitors that prefer to freely travel domestically after gathering and assessing the available local tourism information. After releasing the Chinese language based open beta version in February, the platform is being serviced in Taiwan and Hong Kong where a high proportion…

B2Link receives $4.3m investment from IBK Industry Bank and SK Securities
428일 전

Cosmetic ecommerce startup B2Link in Korea has secured a US$4.3m (KRW 5b) investment from PEF; a joint organization formed by IBK Industry Bank and SK Securities. This new investment adds to the US$4.6m (KRW 5.3b) investment last year by KB Network, DSC Investment and DR Capital to bring the total investment to US$8.9m (KRW 10.3b). After co-founding Memebox, Lee Jae Ho founded B2Link to distribute Korean beauty and baby products to China and…

SK Happiness Organization makes $860k Social Impact Investment into Brave Pops
428일 전

SK’s Social Impact Investment division, SK Happiness Organization have announced their commitment to make a US$860k (KRW 1b) social impact investment into Brave Pops Company. Brave Pops is an educational software developer which was formed in 2015 by five internet experts from Naver and Ticket Monster. Class 123, a teaching aid software developed by Brave Pops allows teachers to communicate feedback on a student’s attitude and behavior to the student and to…

Odd Concept received $860k investment from KB Investment
435일 전

Odd Concept, a startup specializing search engine for video content has US$860k (KRW 1b) from KB Investment. The company was founded in 2012 and has developed online technology for video content searches. The company has used the technology to link offline shopping businesses to create an unique O2O market. Kim Jung Tae from Odd Concept commented, “Till now, we have not actively promoted or marketed Odd Concept, but through this investment our…

SBI Holdings invests $30m into Korean mobile service provider Yellow Mobile
435일 전

Yellow Mobile, a Korean startup offering mobile services has secured a US$30m (KRW 36b) investment from Japanese internet and financial group SBI Holdings. The investment is a result of SBI Holding’s business alliance and strategic investment plans made last year. Yoshitaka, the Chairman of SBI Holding commented, “Yellow Mobile leads innovation within the mobile paradigm with its vision and potential for growth”. “Our support will allow Yellow Mobile to transition from the venture…

Edutech startup, Riiid secures $1.7m series A investment for adaptive learning technology

Riiid, an educational technology startup has secured a Series A investment of US$1.7m (KRW 2b) from DSC Investment, DS Asset Investment, and Shinhan Capital. This successful investment comes as recognition of the potential for Riiid’s ‘Adaptive Learning’ technology for delivering educational contents. Lee Han Byul, the team leader from DSC Investment commented, “Although ‘Adaptive Learning’ is a relatively new concept in Korea, it has already proved popular in USA, China and India…

File Sharing Service ‘Send Anywhere’ nabs $6M Series A from Rakuten Ventures

Estmob Inc’s Send Anywhere , the leader in cross-platform file sharing, announced this week that it closed a $6 million Series A round lead by Saemin Ahn of Rakuten Ventures. This deal comes on the heels of the company surpassing milestones of 1.5+ million monthly unique devices and 5+ million cumulative downloads across all major smartphone and desktop computers in 150+ countries. When speaking on the investment, Send Anywhere’s CSO and Co-founder Suhyuk…

Fashion O2O Brich secures second investment through Hana Financial Investment
463일 전

Brich, an O2O service delivering the latest Korean fashion trends online, has secured an investment from Hana Financial Investment. The company was launched a year ago, and to date has raised US$860k (KRW 1b) from Hana Financial Investment and Mashup Angels. The Brich team members include those from other e-commerce companies like, WeMakePrice, G Market and Qoo10 and bring with them experience and technical ability. Users of Brich’s service are able to…

Baemin Fresh adds lunch box delivery service after acquiring Ongkasomsi
464일 전

Baemin Fresh, a fresh food delivery service has acquired ‘Ongkasomsi’, provider of packed lunches. Through this acquisition, Baemin Fresh will actively seek to increase their range of food delivery services that are delivered to the doorstep of their customers. In 2008, Onkasomsi recruited chef Hong Su Min who is recognized for Korean fusion recipes. Through this partnership, the company developed over 150 thousand different menu items for packed lunches and catering services….

NHN strengthening mobile advertising business with investment into Mocoplex
465일 전

  19 January 2016 – NHN Entertainments have revealed their investment into Mocoplex, a company specializing in mobile advertising platforms. The motive for the investment was to strengthen NHN Entertainment’s capabilities in mobile advertising; a market which is experiencing tremendous growth. Once the investment of US$1.7m (KRW 2b) is finalized, it is likely NHN will proceed towards full acquisition. This investment will combine NHN Investment’s technical capabilities with Mocoplex’s various network capabilities…

Gaming MCN Kongdoo Company receives further investment of $3.1m
467일 전

Kongdoo Company, specializing in game MCN has succeeded in attaining a follow up Series B investment of US3.1m (KRW 3.6b) from Stic Investment, K Cube Ventures and Partner Investments. This investment comes within three months of the last investment in October of US1.7m (KRW 2b) investment from K Cube Venture and Partner Investments in October. The combined total recent investments are US$4.3m (KRW 5b). Established in March 2014, Kongdoo company is a…