[StartupRecipe] 2025 Outlook: Korean VCs Predict Tougher Times Ahead
#Weekly Funding Overview [Jan. 6~ Jan. 10] #Major Funding Genkore has raised 10 billion KRW in bridge investment, bringing its total investment to 30.7 billion KRW. Founded in 2019, the startup develops gene therapy drugs using gene scissors technology, which...
[StartupRecipe] Korean Game Startups Face Sharp Decline in Funding
#Weekly Funding Overview [Dec. 30~ Dec. 3] #Major Funding Imagoworks raised 23 billion KRW in Series C funding. As an AI-powered digital dentistry solutions provider, the company has secured customers from 110 countries worldwide and accumulated 38 billion KRW in...
[StartupRecipe] M&A Market Shows Continued Slowdown in 2024
#Weekly Funding Overview [Dec. 23~ Dec. 27] #Major Funding Leferi raised 30 billion KRW in funding. As a YouTube-based beauty creator business, the company has nurtured 2,000 creators and expanded its operations. The funds will be used to accelerate preparations...
[StartupRecipe] Funding in Female-Led Startups Shows Decline Over 3 Years
#Weekly Funding Overview [Dec. 16~ Dec. 20] #Major Funding CLO Virtual Fashion secures 50 billion KRW in investment. The company develops 3D clothing design software ‘CLO’ and ‘Marvelous Designer,’ which are currently used by global fashion giants such as Hugo...
[StartupRecipe] Korean PropTech Startups Face Funding Crunch in 2024
#Weekly Funding Overview [Dec. 9~ Dec. 13] #Major Funding Hyperxcel has Secured 45 Billion Won in Strategic Investment. Hyperxcel, a technology company developing a semiconductor processor called ‘LPU’ (Latency Processing Unit) specifically designed for super-scale AI platforms like ChatGPT, is...
[StartupRecipe] Logistics Startup Investments in Korea Double in 2024
#Weekly Funding Overview [Dec. 2~ Dec. 6] #Major Funding Nuua, a developer of back-office systems for the airline industry, has raised KRW 13 billion in funding. The company automates ticketing operations such as reservations, cancellations, and refunds, which were previously...
[StartupRecipe] Funding Continues to Flow in B2C Platform
#Weekly Funding Overview [Nov. 25~ Nov. 29] #Major Funding Baropharm, a comprehensive platform provider for pharmacy management, has secured a new investment of KRW 19 million, bringing its total accumulated investment to KRW 40 million. The company specializes in digital...
[StartupRecipe] S. Korean Edtech Investment Shows Signs of Recovery in 2024
#Weekly Funding Overview [Nov. 18~ Nov. 22] #Major Funding Panmnesia, a fabless startup focused on Compute Express Link (CXL) technology, has raised KWR 80 billion, securing a valuation of KRW 340 billion. The company, known for its high-performance switch chips...
[StartupRecipe] Autonomous Driving Tech Leads Mobility Sector funding in Korea
#Weekly Funding Overview [Nov. 11~ Nov. 15] #Major Funding Luxury watch trading platform Viver raised KRW 15 billion to scale its operations. The company has tripled its growth year-over-year and surpassed KRW 100 billion in cumulative transactions. The funding will...
[StartupRecipe] Korean Fintech Funding Crashes 82%, but Long-term Growth Prospects Remain Bullish
#Weekly Funding Overview [Nov. 4~ Nov. 8] #Major Funding Soombit AI has raised 5 billion KRW in seed funding from Altos Ventures. Founded by a team previously engaged in chest X-ray interpretation AI development at Kakao Brain, Soombit AI is...