Company builder Fast Track Asia announced their 8 million dollar funding from Wonder Holdings and Insight Venture Partners of United States on the 5th. This is the second investment under Wonder Holdings’ lead and participation of previous investor Insight Venture Partners since December 2012. Min-ju Lee of Atinum, Eun-sang Lee of Carbon Eyed, ex-Nexon CCO Sang-bum Kim and other previous as well as current IT founders funded 3.3 million dollars for the…

Daumkakao announced the announcement for their buyout of ‘Kids Note’, a smart alarm notification service for daycare services. Daumkakao now owns 100% of the share and Kids Note became the subsidiary company. Kids Note is a service that allows kindergarten or daycare teachers to post children’s daily schedule, diet, pictures, and other announcements with PC and other smart devices for the parents to have live-time access. About 30% or 14,000 kindergartens, daycares,…

This year, Coupang reached the top of the social commerce game with two major investments. In order to chase Coupang ‘WEMAKEPRICE’ announced their buyout of Ticket Monster (TMON). There was reserved bidding session for TMON until the morning of 31st. 10 fund manager companies including Carlyle, Affinity,  KKR, Anchor Partners, and WEMAKEPRICE participated in this session. TMON came out on 2010 as the very first domestic social commerce platform. It was purchased…

On January 2nd, Small and Medium Business Administration revealed their startup support plan, 2015 TIPS. TIPS is a technology startup support program designed to attract more private investments. Through angel investors from major corporate, TIPS selects promising teams and provides aids like governmental R&D. Small and Medium Business Administration established this ‘Israel style’ startup support program last year and it gained a great amount of popularity because once a startup team secures…

세계 최신 전자 기술과 신제품을 한눈에 볼 수 있는 세계 최대의 국제가전제품박람회 2015(Consumer Electronics Show 2015, 아래 CES)가 내일부터 9일까지, 사흘간 열린다. 미국 라스베이거스 컨벤션센터에서 개최되는 이번 CES에는 특히나 많은 스타트업이 참여해 눈길을 끌었다. 특히나 스타트업들은 테크 웨스트에 마련된 스타트업스테이지에 부스를 설치하고 참여할 예정이다. 이번 스타트업스테이지에는 지난해보다 59% 증가한 총 375개의 스타트업들이 참여한다. CES 2015에서 주목할만한 테크 스타트업을 소개한다. 러닝머신형 가상현실 플랫폼, 버툭스 옴니   작년 CES에서 많은 사람들의 이목을 끌었던 가상현실 고글,…

퀄슨은 모바일 기반의 영어교육 서비스를 제공하는 회사다. 퀄슨은 ‘사람들의 시간을 구하라(Rescue People`s time)’라는 미션아래 사람들이 틈틈이 어학 공부를 할 수 있도록 도와주는 서비스를 만들고 있다. 이 글을 통해 퀄슨이 애플의 크리스마스 휴가 전에 앱 업데이트를 완료한 스토리를 공유하고자 한다. 퀄슨은 삼성계열사와 같은 대기업의 임직원들에게 영어교육 서비스를 제공하는 B2B 서비스와 톡투미라는 B2C용 앱을 운영하고 있다. 톡투미는 2시간 마다 푸쉬 알림을 통해서 질문을 받아볼 수 있고 답변을 하면 실제 원어민 선생님들에게 첨삭과 코멘트를 받을 수 있는 서비스다….

Altos Ventures, headquartered in Silicon Valley, has invested $2 million USD in Hyperconnect, the developer of live time video communication technology and the service host for the video messenger ‘Azar.’ Hyperconnect has developed a very distinct client/server technology stack for WebRTC based real-time video/voice communication. It is very secure and reliable for various settings in 200 countries with very high quality video chat. The technology is built on P2P so the management…

A leader in navigation solutions from Korea, Thinkware, has developed a new product with imbedded augmented reality technology. The new iNavi X1 model allows the driver to view the actual image of the road on which they are driving and see a range of useful traffic information. The company in Seoul unveiled the “iNavi X1” that combines augmented reality with advanced driving assistance system (ADAS). The AR solution called “Extreme AR” within…

‘Timeline Dungeon’ developer NOVN have announced that they recently received $500k USD from NC Soft. As NC Soft expands its business interest from game and contents to a range of other entertainment areas, this investment will enable NOVN to release Timeline Dungeon in January 2015. This investment follows up a seed round of funding from ‘The Ventures’. NOVN’s Timeline Dungeon plans to open a new genre with their first title. It is…

“When it comes to innovation Korea is a global leader” – Mark Zuckerburg The above statement comes from a speech Mark Zuckerberg, Facebook CEO delivered recently, and demonstrates a changing tide of thought about Korea. No more the ‘Land of Morning calm’ it once was, Korea is emerging emboldened onto the world stage, ready to prove itself, no matter what. My recent article described Korea’s top accelerators and their efforts in providing…

As reported by Coupang’s President Bom Kim, his four year old ecommerce company has surpassed monthly turnover of 200 billion won (a little shy of $200 million USD). While the comapny started life as a daily deals site, it rapidly became an ecommerce focused enterprise, escaping the global downturn in daily deals that put market leader Groupon into major trouble this year. Kim now sees his largest rival as Amazon, which is…

Jae-ho Choi CEO of Drama & Company has announced that their business card organizing app ‘Remember’ has secured $2 million USD from Daekyo Investment, CyberAgent Ventures, and Capstone Partners. This is the second round of funding for the company this year, after Capstone Partners invested $1 million USD. The additional funding will help them prepare a stable foundation for ongoing service development and management. Unlike the previous OCR based business card organizing…

  As announced in Sparklabs Bi-Monthly Review, Korean startup Jandi confirmed that it has raised an angel round of nearly US$2 million, co-led by Softbank Ventures and Cherubic Ventures. Jandi is a business communication platform for PC, iOS, and Android devices that allows teams to securely and instantly communicate while also easily being able to share files, search through past messages, and more. There are, of course, other apps that address these concerns,…

Recently Job Planet and Fortune Korea co-hosted ‘Korea’s Top 50 Working Environments’ at the Grand Hyatt Hotel in Seoul. A studyvwas conducted of both large scale companies as well as small & medium sized enterprises, including the startups. From April to November a short list of 792 was chosen from a total of 140,000. After final assessment, 50 companies were awarded on the night. The criteria to select the most satisfying work…

After three years in operation, NFLabs, Korea’s most promising Big Data startup has raised series A funding from Big Basin Capital, Bon Angels and Coolidge Corner investment. The funding of $1.5 million USD will be primarily used to bring the startups big data analytics and visualization software to a global audience. NFLabs CEO Sejun Ra explained, “the investment will really boost our expansion to North America. We will focus on speeding up…

According to an article on Business Korea, the Korean government is planning to invest at least $209 million USD over the next five years to promote the growth of the game industry. This comes in a year where game developer 4:33 Creative Labs raised around $110 million USD from Tencent / Line, Smilegate bought a $110 million USD stake in Sunday Toz, Devsisters went public at a $627 million USD valuation, we announced…

[This article was originally published on Forbes] I was in Asia last week to attend a Demo Day for startups that participated in a two month acceleration program through DEV Korea where I serve as a principal. These companies had split their time between New York and Seoul in order to gain a global perspective that could be applied to their ventures while they were still in a formative stage. This is…

‘Appspand’ is an advanced communication service, allowing voice, video, and chat to be added to any web/mobile app, with a few lines of additional code. Uberple was founded in Jan 2013 with the vision of dramatically improving communication within the financial services industry. This need was borne out the founder’s experience of crude tools available for communication both internally and with clients. While their scope has been broadened to embrace opportunities in…

The programming and Software education market is booming in Korea. Starting from next year, domestic software education will become mandatory for middle school students, and by 2018 it will become part of the national curriculum for elementary, middle and high school. And Korea is not the only nation focusing on this area, with governments across the globe aiming to bake computer science into standard education. For example, as of this September computer…

K Cube Ventures recently announced a $700,000 investment into mobile game developer ‘A-33 Studio.’ With this investment A-33 Studio will focus on ramping up their mobile FPS game production and aim to be ready to release their first title by end of next year. The title is named ‘Project S’ for now, and is an ambitious plan to maximize online mobile FPS game experience by integrating a fully optimized user interface along…