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SangBong Suh, the head of Smilegate Orange Farm center, helps Korean startups to go to China
  ·  278일 전

If a person comes for the profit goes for another profit, a person bows for a power searches for another powerful men. Only the person comes for the mind lasts forever.” – from “The Rise of the Great Nations” by SangRae Cho. Smilegate group(CEO HyeokBin Kwon) is famous for a FPS game called ‘Cross Fire.’ Cross Fire which has 500million global users, 6million users for concurrent user, successfully localized the game in…

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…

Korean startup Smatoos receives strategic investment from Miraeen Publishing
389일 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…

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…

Dining Code a Korean restaurant recommendation startup secures $1.7m investment
458일 전

Dining Code a Korean startup providing restaurant recommendation services has secured US$1.7m (KRW 2b) investment from Posco Technical Investment, ID Ventures, Seoul Investment Partners, HBIC and Magellan Technical Investment. The company had also received a seed investment amount of US$170k (KRW 200m) from K Cube Ventures in July 2014. Dining Code sources reliable restaurant data from tens of thousands of different blogs. The information used by the platform removes biases of personal…

Social Network, specialists in Korean trend contents secures investment to back its China strategy

Social Network, a specialist platform servicing Korean trends (wave) has secured an investment of US$4.3m (KRW 5b) from Korea Investment Partners, Mirae Asset Investment, POSCO technical investment and Intellectual Ventures. In 2012, Social Network secured their early stage investment of the same amount from Travel Doctor, Shinhan Bank and Hong Kong’s Evo Revo. The total amount for investment is now close to US$9m (KRW 10b). Productions from Social Network includes; Sketchup, the top…

Additional US$4.3m investment for tailored men’s fashion O2O startup ‘Stripes’

Stripes, an O2O startup offering tailored men’s fashion has secured additional investment US$4.3m. On the 2nd November, the company, determined to become a comprehensive brand for men’s fashion launched its first oversea branch in Singapore. Lee Seung Jun from the company commented, “After studying the Asian market, we determined a high consumer preference towards Korean products”. The company plans on further oversea launches following the acquisition of ‘Dream Factory’ a manufacturer of luxury…

Social activity platform, Friend Trip receives US$1.2m investment
494일 전

Social activity platform Friend Trip revealed on the 17th November that it had received US$1.2m (KRW 1.5b) in new investment. This is the second investment for the company and follows a US$500l (KRW 500m) last June. Friend Trip commenced as a startup with the aim of creating an innovative approach to interacting with leisure and travel culture. The platform delivers on this objective by creating a communication platform connecting new people based on…

MCN startup ‘Makeus’ secure US$17m investment from 4 venture capitals

Makeus, a Multi Channel Network startup has successfully secured the largest Korean investment into MCN (Multi Channel Network) in recent news. The investment totaling US$17.4 (KRW 20b) has been provided by venture capital companies DSC Investment, KTB Network, Capstone Partners and Stonebridge Capital secures US$17.4 m. With the rising trend towards new media, MCN companies have been attracting great interest from investment companies.  Of the recent investments into similar companies, this is…

Cosmetic ranking service GlowPick received investment of US $1.3m
501일 전

GlowDays the company behind GlowPick has received a Series A investment of US$1.3m (KRW 1.5b) from SL Investment,  Jafco Asia and ShinHan Capital.Glowpick is a cosmetic raking service that provides ranking based on consumer reviews of the product. The ranking process is somewhat different to other similar platforms in that GlowDays runs an algorithm to establish only credible and genuine review. A common problem in modern blogs and review platforms is the…

SK Telecom boosts investment into MCN provider Treasure Hunter by US$4.3m
503일 전

SK Telecom has made a US$4.3m (KRW 5b) into MCN (Multi Channel Network) operator Treasure Hunter. Treasure Hunter is the creator and operator of famous and popular channels such as YangDding (YG Gaming Channel), Aligator and Eve Kim.  The investment is expected to boost the Hotzil channel which was launched on the 9th November as a channel for music, live and entertainment mobile video. SK Telecom highlighted their aim in improving the…

StudyMax, an English education startup in Korea wins $3.8m investment
536일 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…

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…

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…

Korean travel startup, MyRealTrip receives investment from Silicon Valley company AltosVentures

  Korean travel tour and activity startup, MyRealTrip has revealed that it had secured additional investment through Silicon Valley company AltosVentures. For MyRealTrip, this new investment comes 1 year after the combined US$840 thousand investment from SmileGateInvestment and CapstonePartners in June last year. The funding will provide the needed foundations in launching the business globally. MyRealTrip was founded in 2012 as a travel startup offering locals around the globe the opportunity to partake…

Wemakeprice lands $85M investment with NXC / Nexon
587일 전

  On August 17th, Wemakeprice a company dealing with social commerce, announced it had raised a total of $85M following the third release of its shares through NXC. Through this investment, Wemakeprice plans to seek the necessary talent and improve its systems in order to accelerate and improve the shopping experience for its customers and partners. NXC specializes in online and mobile games production as well as distribution through its subsidiary Nexon. Kim…

Accommodation service provider, Yanolja, secures $8.5M investment

Park Sung Chul, a representative of Yanolja (a Korean phrase for “let’s play”), announced on July 27 that the company has now raised $8.5M from Partners Investment. Partners Investment is known for investing in startups that demonstrate potential growth. With this first investment, Yanolja hopes to grow from offering accommodation ads to covering all accommodation related industry sectors. This will allow accommodation franchises and B2B businesses that have an offline presence to create a solid mobile…

O2O commerce proivider YAP Company secures investment from New World Group
608일 전

  The YAP Company is a Korean startup providing O2O commerce platform using an independent hybrid beacon technique. Recently, New World Group (Hong Kong) has combined with Korean investors, to provide YAP Company with a combined US$34.8m (KRW 42b) investment. YAP’s platforms, deliver essential information and benefits that are tailored according to the users time, location, circumstances, and necessities. YAP single-handedly embodies the entire transaction process of payment settlements requiring coupons, mobile stamps, and…

Simfler, developer of parenting app BabyTime, secures US$800k investment from TheVentures

Simfler have developed an app called ‘Baby Time’ which is designed to  make parenting simpler and easier by managing the associated parenting activity data.  The app records and manages activities like feeding intervals, sleeping periods and nappy change times. Along with this essential data, the app provides relevant advice and information on child growth phases, customized growth diary and lullabies. The app features an intuitive interface allowing the user to record a…

10 Pieces of “Marriage Advice” For Startups
657일 전

Raising funds from venture capitalists is just like entering into a marriage, especially if a partner takes a seat on your board. There are a lot of things to consider when choosing a venture capitalist (who to marry) and how to best work with that person after receiving investment (after the honeymoon). Below are a few pointers from Eric Kim, Managing Partner of Goodwater Capital, who works closely with startups in Silicon…