[StartupRecipe] Unicorn Funding in Korea Is Drying Up
#Weekly Funding Overview [Feb 10~ Feb 14] #Major Funding Medical device startup LivesMed, which specializes in developing laparoscopic surgical instruments, has secured KRW 30 billion in pre-IPO funding, bringing its total investment to KRW 50 billion. The company plans to...
[StartupRecipe] Challenge! K-Startup 2025 Kicks Off
#Weekly Funding Overview [Feb 3~ Feb 7] #Major Funding Cureverse has secured 25.3 billion KRW in funding. As a research institute spin-off from the Korea Institute of Science and Technology (KIST) developing next-generation dementia treatments, the company plans to use...
[StartupRecipe] StartupRecipe Publishes 2024 Korean Startup Funding Report
#Weekly Funding Overview [Jan. 27~ Jan. 31] #Major Funding SeltaSquare, an AI-based drug surveillance company, has secured a 9.2 billion KRW investment. The company provides its solutions to major domestic pharmaceutical firms, including Yuhan Corporation, Hanmi Pharmaceutical, Daewoong Pharmaceutical, and...
[StartupRecipe] Team Tops Investor Priorities
#Weekly Funding Overview [Jan. 20~ Jan. 24] #Major Funding Amogy, an ammonia-based zero-carbon power generation system developer, has secured $56 Million in new funding, bringing its total investment to $270 million. The company plans to use the funding to accelerate...
[StartupRecipe] How 12 Korean Early-Stage VCs Performed in 2024
#Weekly Funding Overview [Jan. 13~ Jan. 17] #Major Funding Channel Corporation, which operates an AI-powered business messenger platform ‘Channel Talk’, has secured 11 billion KRW in new funding, bringing their total investment to 53.3 billion KRW. Founded in 2014, the...
[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...