[StartupRecipe] 10 Biggest Funding of the Week

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#Weekly Funding Overview

[Feb. 19 ~ Feb. 23]

The total funds raised by Korean startups of the week is KRW 113.55 Billion.

Company	Inudustry	Amount	Round	Investors
Brownbag	Coffee	7 billion	Series A	KDB Industrial Bank of Korea, Bass Investment, Wisdom Asset management, Dasan Investment
Adshield	Adlock recovery solution	2.7 billion	Pre-Series A	Shorooq Partners, Bass Investments, Hashed
Metalogos	Public stock information service	2 billion	Pre-Series A	ZVC
The Day1Lab	Eco friendly materials	1 billion		Bonif
Geogrid	Smart building Purification	600 million	Seed	D3jubilee Partners, Sopoong Ventures
Techtaka	Fulfillment Solution	12.6 billion		Altos Ventures
CCK Solution	Accounting	-	Pre-Series A	NaverD2SF, Samil
Ninehire	HR	-	M&A	Job Korea
Beeble	Web3	1 billion	Seed	Hashkey, Samsung NEXT, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, Blockchain Founders Fund
JM WAVE	Climate tech	3 billion	Series A	Bright Energy Partners, Astone Ventures, Kiwoom Asset Management
Sorcerics	Seamlessly connect smart devices	-	Seed	Mashup Ventures, Devsisters Ventures
Tilda	Optimization solution	1.6 billion	Pre-Series A	Woori Venture Investment, Korea Social Investment foundation, D-Camp, Blue Point Partners, Kodit
Spotlite	Model casting platform	600 million	Seed	Strong Ventures, The Ventures, Antler Korea
Leanon company	Edutech	-	Seed	Kodit, Heimin Venture Investment
HoneyNaps	Sleeptech	15 billion	Series B	Hi Investment Partners, Korea Development Bank, Quad Asset Management, Albatross Investment
Guideflo	Manual product	150 million	Pre-Seed	Antler Korea
Renew-Earth LAB	Climate tech	150 million	Pre-Seed	Antler Korea
Mnkl	Kids resale	150 million	Pre-Seed	Antler Korea
Newndy	Ecommerce	150 million	Pre-Seed	Antler Korea
Trexti	Business brokerage	150 million	Pre-Seed	Antler Korea
Fractal technology	Small Business brokerage	150 million	Pre-Seed	Antler Korea
D.Circle	Martech	150 million	Pre-Seed	Antler Korea
Sellking	Proptech	150 million	Pre-Seed	Antler Korea
Minipopz	Popup Store	150 million	Pre-Seed	Antler Korea
FLEXCIL	Edutech	50 billion		Crescendo Equity
Dencomm	Dental solution	10 billion	Series A2	Starset Investment, DSC Investment, TS Investment, Hana Securities, KB Securities
Aptamarket	Healthcare	-	Seed	Seoul Techno Holdings
Kvisa	Visa Platform	-	Seed	Strong Ventures
Nexpot solution	Certification Solution	-	Seed	Y&Archer
Modapl	Mobility data	4.3 billion	Seed	Schmidt, Auton, Samsungfire
Bigtech plus	Proptech	800 million	Pre-Series A	Kakao Bank, HGInitiative, MYSC
lynens	B2B laundry	-	Pre-Series A	Big Basin Capital, Bon Angels partners

#Trend Analysis

10 Biggest Funding of the Week

This week saw several Korean startups secure significant funding, with Flexcil leading the pack at KRW 50 billion. Other notable investments include Honeylabs, Techtaka, and Dencomm. Additionally, Antler Korea announced pre-seed investments in 9 promising startups selected for Batch 3.

Flexcil, KRW 50 billion. Operates a global digital learning platform, which makes learning simple and effective on smartphones, tablets, PCs, and other digital devices. It offers Sconn, an app for viewing content and taking notes, and Flexcil, a digital handwriting app. The investment will be utilized for service enhancement.

Honeynabs, KRW 15 billion. An AI sleep tech startup that developed an AI-based sleep disorder diagnosis solution, Somnum, and received FDA approval. Funding will accelerate the development of AI models based on explainable medical AI and edge computing technology.

Techtaka, KRW 12.6 billion. A startup that operates Argo, a fulfillment solution. Argo tracks the location of goods in real time and suggests the best way to move and package them.

Dencomm, KRW 10 billion. An AI voice recognition solution startup that developed Densper, an AI voice recognition engine specialized for the dental field. The investment will be utilized for R&D and global marketing, and the company plans to establish a US subsidiary in the first half of this year.

Brownbag, KRW 7 billion. A coffee-tech startup that manufactures and distributes coffee beans based on data to personalize your taste. They launched Bliss, an office coffee subscription service, with 3,000 customers. Plans to use the investment to upgrade services and commercialize next-generation coffee machines, including the launch of a touchscreen coffee machine in the first half of the year.

Modapl, KRW 4.3 billion. A mobility business solution startup that defines the car as a mobile space and pursues the role of middleware between automakers and mobility service providers through IT business solutions for operators that utilize it.

JM Wave, KRW 3 billion. A climate-tech mobility startup with technology to convert old diesel trucks to electric trucks. The company will conduct a demonstration project of a 1-ton last-mile truck, which is scheduled to be released this year, and accelerate its global expansion.

Adshield, KRW 2.7 billion. A startup that operates ad-blocking loss recovery solutions to help publishers recapture revenue lost to user ad-blocking with its technology.

Metalogos, KRW 2 billion. A startup that operates a public stock information service, Ilsukgong, an app that tells retail investors whether a public stock to be listed is worth investing in through an attractiveness index.

Tilda, KRW 1.6 billion. An AI manufacturing decision-making solution startup. Developed Argmax, a data and AI-based manufacturing shop floor problem-solving solution. Argmax is also helpful in terms of ESG management.