12 Korean Startups Shine at Dubai FinTech Summit
12 Korean startups showcased their innovative solutions at the Dubai FinTech Summit held at Jumeirah Resort. With their sights set on attracting venture capital funding and forging partnerships with global players, these startups leveraged the Seoul Pavilion, a collaborative effort...
Former Kakao CEO's AI Content Startup Raises KRW 16 billion
Aiz Entertainment, AI-based entertainment content, has closed a KRW 16 billion seed investment round. The funding comes from investors including Bon Angels Venture Partners, LB Investment, and Stonebridge Ventures. Founded in November 2023 by a former CEO of Kakao, Aiz...
Modusign closes KRW 17.7 Billion in Series C Funding
Modusign, SaaS-based e-contract platform, closed its Series C funding round, raising KRW 17.7 billion. The investment was led by existing investor SBVA (formerly SoftBank Ventures), with new participation from Atinum Investment, Industrial Bank of Korea (IBK), and DSC Investment. Modusign...
AI Startup Dalpha raises KRW 12 Billion
Dalpha, a B2B AI startup, has raised KRW 12 billion in pre-Series A funding, bringing its cumulative investment to KRW 13.3 billion.Mirae Asset Venture Investment led the investment round, which also included participation from Intervest, DSC Investment, IMM Investment, Partners Investment....
Recommerce platform 'Charan' secures $7M Funding
Seoul based Mine.is, the operator of fashion re-commerce platform Charan, closed a 10 billion won($7.3M) Series A funding round bringing the cumulative investment amount to 15.4 billion won. Hashed led the investment round, joined by other notable investors such as...
S.Korea Launches Startup Korea Fund to boost Startup ecosystem
The Ministry of SMEs and Startups (MSS) launched the Startup Korea Fund to boost startup funding ecosystem. The fund combines public and private investment. Private entities such as large corporations, banks, and established venture capital firms contribute alongside a government-managed...
AI startup Upstage Closes $72M Series B funding
Upstage AI, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest funding, Upstage has now raised over $100 million since its...
[2024 Survey] Unveiling Korea's Most Favorable Accelerator Ranking
StartupRecipe has released the results of a week-long survey conducted in March 2024 to understand Korean startup preferences when selecting accelerators. The online survey was conducted from March 25th to 31st, 2024, attracting 291 participants. The survey targeted individuals within...
NextRise 2024 Seoul to Host Asia's Largest Startup Fair in June
The Korea Development Bank and Korea International Trade Association will host NextRise 2024, Seoul, Asia’s largest startup fair, on June 13-14 at COEX, Samsung-dong, Seoul. Last year, the fair attracted 20,000 visitors and resulted in 257 startups achieving business cooperation and...
Antler Korea Showcases 9 Startups at Investor Day
Antler Korea held its Investor Day: Zero to One event on April 3, 2024. Founded in Singapore in 2017, Antler is a global venture capital firm that has supported more than 1,000 startups in 30 countries. The Investor Day was...
D2C Foodtech Startup raises KWR 40 billion
Jeongyookgak, a D2C food-tech startup, has successfully secured KRW 40 billion in funding. The investment of KRW 10 billion was completed, and the KRW 30 billion in short-term loan, incurred during the acquisition of the eco-friendly food e-commerce platform Choroc,...
Bear Robotics Lands $60M from LG Electronics
Silicon Valley startup Bear Robotics, known for its service robots in workplaces, secured $60 million in Series C funding solely from LG Electronics. Founded in 2017, Bear Robotics manufactures self-driving indoor robots that assist employees in various sectors like hospitality,...
OpenAI Selects 10 K-Startups for Collaboration
The Ministry of SMEs and Startups hosted the ‘K-Startup-OpenAI Matching Day’ event at OpenAI’s headquarters in Silicon Valley. The event featured pitch presentations from 14 finalist startups selected by OpenAI in last December, and 10 startups were ultimately chosen to...
Primer hosts 23rd Demo Day to showcase 11 startups
Primer held its 23rd batch demo day, introducing 11 startups that have undergone acceleration over the past 6 months. Primer is a startup accelerator founded in 2010 that has invested in startups like MyRealTrip, Styleshare, and Idus. ZenIP=An AI patent...
Meet the 8 startups pitching at the Feb.D-day
D.camp hosted its February D-Day, focusing on global expansion and investment. The winner of the event was Inshorts, an AI-based indirect advertising solution provider. The Feb. D-day was co-organized by Korea Growth Finance, Korea Venture Investment, and Woori Asset Management,...
K-SMEs seek middle east business opportunity
The Ministry of SMEs and Startups collaborated with the Korea Federation of SMEs to organize the K-Business Day in the Middle East 2024 to support promising SMEs entering the Middle Eastern market. Export consultation meetings were conducted in Riyadh and...