[StartupRecipe] Funding Rebounds: Consumer Tech Startup Trends in Korea
#Weekly Funding Overview [Mar. 17~ Mar. 21] #MAJOR FUNDING Delivery platform Vroong has raised KRW 30 billion in investment. Acquired by hy in 2023, the investment will be used to expand infrastructure and affiliate networks, as well as expand R&D...
[StartupRecipe] S.Korea Expands Open Innovation Initiatives to Bolster Startup Ecosystem
#Weekly Funding Overview [Mar. 10~ Mar. 14] #MAJOR FUNDING Doers secures a 10 billion KRW investment. Operating the affiliate platform ‘ZVZO,’ which connects influencers with brands, the company has raised 10 billion KRW within a year of its founding. The...
[StartupRecipe] Korean Luxury Platforms Struggle Amid Falling Valuations
#Weekly Funding Overview [Mar. 3~ Mar. 7] #MAJOR FUNDING Contoro Robotics has raised KRW 17.5 billion in investment. The robotics startup specializes in logistics automation, particularly developing AI robot technology for palletless box unloading automation in containers and trailers. With...
[StartupRecipe] S. Korea Sees Decline in Startup Numbers Why?
#Weekly Funding Overview [Feb 24~ Feb 28] #MAJOR FUNDING JLT secures 23 billion KRW in funding, bringing total investments to 28.1 billion KRW. Founded in 2019, this startup provides factory automation solutions. The funds will be used to enhance welding...
[StartupRecipe] AI Healthcare Startup Funding on the Rise in Korea
#Weekly Funding Overview [Feb 17~ Feb 21] #Major Funding Healing Paper has secured 42.8 billion won in Series C funding, bringing its total investment to 66.1 billion won. Founded in 2012, the company operates Gangnam Unnie, a beauty and plastic...
[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...
[StartupRecipe] Logistics Startup Investments in Korea Double in 2024
#Weekly Funding Overview [Dec. 2~ Dec. 6] #Major Funding Nuua, a developer of back-office systems for the airline industry, has raised KRW 13 billion in funding. The company automates ticketing operations such as reservations, cancellations, and refunds, which were previously...