[StartupRecipe] 20 Baby Unicorns to Grow into Future Unicorns

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#Weekly Funding Overview

[June. 6~ June. 10]

The total funds raised by Korean startups of this week is KRW 882.6 billion.

Company	Inudustry	Amount	Round	Investors
TeleVerse	Contact centure	-	Seed	CNTTech
Ninehiare	HR Solution	-	GRANT	TIPS
Loshkorea	Seniorclass	-		The Invention Lab
Lemonbox	Healthcare	-		The Invention Lab
Codeblossom	Senior Care	-	Seed	The Invention Lab
Smithleather	Accessory	2 billion		Hyundai Department
Contec	Space	61 billion	Series C	Spring Ventures, Stick Ventures, Partners Investment, Tony Investment, Yuanta Investment, Company K Partners, Daishin Securities, Korea Investment Partners, KDB Development Bank, Atinum Investment
CONLAB COMPANY	Content commerce	6 billion	Series A	IBK Industrial Bank, Gaia Venture Partners, Crowdy
Kh Traders	Luxury Watch Commerce	-	Seed	CNTTech
Lumanlab	Kids healthcare	3 billion	Pre-Series A	Envisioning Parners, IMM Investment, Daol Investment, Korea Investment Partners
Openplan	Insuretech	3 billion	Series A	TS Investment, Future Play, Plug and Play
Endand	Secondhand Platform	-	GRANT	TIPS
Monee Lab	Fintech	-	GRANT	TIPS
Cardio Healthcare	Healthcare	1.2 billion	Seed	Smilegate Investment, Kyungdong Invest, Nanum Angels, Crescendo Equity Partners
Aidnrobotics	Robotics	4.5 billion	Series A	DSC Investment, BNK Venture Investment, Kolon Investment, Future Play
Geniworks		9 billion	Series B	LG U+, Korea Investment Partners, TS Investment
Delio	Blockchain	780 billion		Blockfi, Three arrows capital
Rentre	Rental Platform	-	Seed	Mashup Angels
SpaceT	Interior	-	Pre-Series A	The Invention Lab, Traum Asset Management
byb	Beuaty Commerce	-	Pre-Series A	The Invention Lab, Traum Asset Management
Diver	Digital	2 billion		SJ Investment Partners
Ant	Data solution	2.8 billion	Pre-Series A	Strong Ventures, Base Investment, Samyang Chemical Group, Smilegate Investment
QMIT	Player management	3 billion	Series A	Bogwang Investment, Schmidt, NBH Capital, Big BaysIn Capital
Jongdal lab	Fashion	100 million	Seed	KingoSpring
Liting Labs	Medical tech	5 billion		Oneunivers

Major Funding

• Contec, a space startup has raised KRW 61 billion in a series C funding round. Contec is a spin-off company from KARI (Korea Aerospace Research Institute) and is offering Space Ground Station Services and Satellite Image Processing & Application Services as well as a whole ground integration solution. The company is set to go public next year.
• Ad tech startup Genieworks has secured KRW 9 billion of Series B investment. With this investment Genieworks plans to upgrade its commerce network platform called ‘Salad’ that connects platform operators and product seller.

#Trend Analysis

The government selected 60 baby unicorns with the potential to grow into preliminary unicorns worth more than KRW 100 billion. There were 284 companies that applied for this Baby Unicorn 200 project, with a 4.7:1 competition ratio. The selected baby unicorns will receive up to KRW 300 million in business funds, up to KRW 5 billion in special guarantees, and up to KRW 10 billion in policy funds from Korea SMEs and Startups Agency.

*This article introduces 10 startups out of 20 companies first

• Nature Mobility=It operates Zzimcar, a rental car pricing comparison platform based on Jeju Island. In collaboration with major portal sites, it offers integrated services such as airline tickets and cabs. 
• Todoc=It develops a cochlear implant, a medical device for the hearing impaired. It lowered the price by allowing mass manufacture of handcrafted products, helping low-income deaf people in underdeveloped countries.
• Mono labs=It’s a subscription service for health supplements powered by artificial intelligence. It analyzes and diagnoses individual health issues and lifestyle patterns to recommend customized nutritional supplements.
• SodaCrew=It operates SodaGift, a service that allows Koreans living abroad to send gifts of various brands to their acquaintances in Korea.
• Freewheelin=It runs Mathflat, a math problem bank solution that provides personalized math problems based on each student’s different skills and learning styles. It is a tablet-based learning platform that allows students to solve problems and grade them by themselves.
• AlgoCare=It developed an IoT nutrition management dispensing device called Nutrition Engine. It assists users in taking the nutritional supplements they require based on their health conditions. If you connect the app to your device, it creates your nutrition package.
• ONDA=It is a company that uses hospitality IT technology to assist in the digital transformation of the hotel and lodging industry. It is an all-in-one solution that provides necessary functions such as sales, operation, and sales management for hotels, pensions, and resorts to manage their rooms.
• Wayne Hills Bryant=It developed an algorithm to automatically convert text and voice data into videos with AI technology. 
• Medihere=Doctor Hero, Medihere’s telemedicine platform, offers non-face-to-face treatment and prescription issuance services. It is currently in service in 193 countries, targeting the global market instead of the heavily regulated Korean market.
• Gooroomee=It provides a variety of real-time video services used in daily life, such as video conferencing and cam study. Recently, it has launched a non-face-to-face video counseling solution for business innovation in the financial sector.