Korea Rising ( Part I: Series Chronicling the Rise of Korean Startups )

Editor’s note: Senior Director Corporate Development at Baedal Minjok I. There is no greater time to be in Korea than now. Yes, that’s coming from a Korean American that has lived his entire life in the Bay Area and landed in Seoul 10 months ago. Hard to digest right? ( I can feel the collective eye roll of native Koreans ) 이사람, 진짜 미쳤다… My grasp of the language is mediocre at…

Korean startup ‘Venticake’, gets US$5.9m investment for camera app Retrica
533일 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
533일 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…

5 Hot Tips for Founders from Asia’s 2 Top VCs
533일 전

Editor’s Note: Choon Yan (CY) Tan leads PayPal and Braintree’s startup, accelerator and incubator activities across Asia Pacific. He has experience in banking technology, and previously led Google’s supply chain integration team in California, with additional specialties in data analytics on Google Android and Chrome products. CY is also a payment optimisation mentor in various major accelerators such as ONL, MaGIC and SBC and a speaker at regional startup conferences such as…

StudyMax, an English education startup in Korea wins $3.8m investment
534일 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.
535일 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…

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…

beGLOBAL SF 2015, a Networking Ground for Silicon Valley Investors and Asia Startups
536일 전

Since beginning in 2012 as beLAUNCH, beGLOBAL has grown and successfully concluded the seventh startup conference beGLOBAL in both Korea and the U.S. To date, the event has been attended by 15,000 people from over 25 countries. To more than 4,000 startups, the event has become a global networking platform. beGLOBAL SF 2015 will be held in San Francisco, on the 15th of October and will provide an opportunity for Korean domestic startups…

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
540일 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…

The intersection of Asia-U.S. startup community, ‘beGLOBAL SF 2015’
541일 전

From humble beginning in 2012 as beLAUNCH, beGLOBAL has successfully concluded the seventh startup conference beGLOBAL in both Korea and U.S. To date, the event has been attended by 15,000 people from over 25 countries. To more than 4,000 startups, the event has become a global networking platform. beGLOBAL SF 2015 will be held in San Francisco on the 15th of October and will provide an opportunity for Korean domestic startups to network…

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…

Kono Labs releases artificial intelligence scheduler ‘Kono’
543일 전

Kono Labs the developer of an artificial intelligence scheduling service, released their native iOS app Kono for both Apple and Android in USA and Korea. Kono works with calendars inbuilt into smartphones like Google Calendar and simplifies the task of scheduling appointments. By selecting the type of meeting and with whom, the app provides available time slot and locations and send the invitation through mobile phishing in place of email and text message….

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….