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...
Global Tech Giants Team Up to Foster Korean Startups
Ministry of SMEs and Startups(MSS) and 11 global companies are recruiting startups that wish to participate in a program designed to nurture Korean startups. This program provides opportunities for startups to grow and enter overseas markets through collaboration with the...
Korean VC funding reached $8.4 B in 2023
The Ministry of SMEs and Startups has unveiled the latest trends in venture capital investment and fundraising in Korea for the year 2023. MSS has been analyzing and releasing the investment performance of venture capital firms under its jurisdiction. Starting...
Techtaka raises $9.5million Series B
E-commerce fulfillment Solution Techtaka(ARGO) has secured $9.5 million in Series B funding, taking its total raised capital to $18 million. This round was led by a sole investor, Altos Ventures. Techtaka helps businesses simplify logistics by handling warehousing, order processing,...
8 Key takeaways from Korean Startup Funding Report 2023
StartupRecipe has released its Investment Report for 2023. The report, spanning 29 pages, analyzes the trends in Korea’s startup investment ecosystem for the year 2023, covering sectors, investment stages, investors, gender, and regions. Key insights: Overall funding down: Total investment dropped...
Beyond Seed, Mashup Ventures Launched
Mashup Angels, an investment firm dedicated to nurturing early-stage startups, is rebranding itself as Mashup Ventures. This name change reflects the firm’s commitment to scaling up its investments in response to the burgeoning Korean startup ecosystem, with a particular emphasis...
Fintech Unicorn Toss ready for IPO
Fintech company Viva Republica, operator of Toss, is gearing up for its upcoming initial public offering (IPO) and has finalized its choice of underwriters. Korea Investment &Securities and Mirae Asset Securities will serve as the lead underwriters, while Samsung Securities...
Korea's largest Startup Community Hosts New Year's Party
Korea Startup Forum (KSF), the largest startup community in Korea, hosted the ‘Spa(Startup fighting) Land’ New Year’s Party. The event aimed to bring together active members and partners in the startup ecosystem, providing a networking platform for mutual support and...
AI chipmaker Rebellions Closes $124M
AI chipmaker Rebellions announced that it has closed its Series B funding round, securing $124 million. This latest funding boost brings Rebellions’ total capital raised to an impressive $200 million in just three and a half years, solidifying its position...