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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…

‘Hyperconnect’, communication app ‘Azar’ receives US$8.6m investment
555일 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…

Korean startup ‘Venticake’, gets US$5.9m investment for camera app Retrica
595일 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;…

Korean startup Origin Games wins investment from AltosVentures and Bon Angels Venture Partners
617일 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…

Altos Ventures Invests $2 Million USD In Global Video Messenger Startup ‘Hyperconnect’

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…

CEO of Baedal Minjok Talks About How He Raised $36 Million From Goldman Sachs [Part 2]

This is part two of this story. Part 1 here In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. Yesturday we discussed how he raised his first three rounds of funding. Today we look at how…

CEO of Baedal Minjok Talks About How He Succeeded In Raising $36 Million From Goldman Sachs [Part 1]

In 2010 when Bong-jin Kim left’ Naver’ (Korea’s primary online search portal), he had no idea about Venture Capital or ‘Exit’. Additionally, he had no interest in global expansion. He built his startup to focus on solving ‘small issues that Koreans face in their daily lives’. That is how Baedal Minjok started. But recently his ‘startup’ raised $36 million USD from Goldman Sachs. He concluded, “if a person like me who had…

As Google Commits To New Seoul Campus And Overseas Interest Intensifies Samsung Remains Absent From Local Scene
1001일 전

Google, on an international mission to rapidly connect with the global startup community, has recently announced that it will open a startup campus in Seoul, Korea next year. This comes at a time when Korean entrepreneurs are beginning to prove that they have what it takes to make an impact, as exemplified by a statement from Google’s Bridgette Beam: “Korean innovators and entrepreneurs are some of the best in Asia, and Korean startups are making headlines around…