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[StartupRecipe] 9 Startups Selected for Sparklabs’ Demo Day 16

#Weekly Funding Overview

[April. 26~ April.30]

The total funds raised by Korean startups of this week is KRW 129.05 billion.

AnipenContent8.5 billionPartners Investment, Union Investment Partners, Korea Venture Investment
SharegroundFashion3 billionSeries ATBT, Union Investment Partners, Samsung Ventures
NeulfactoryCosmetic-SeedABT Asia
AttoplexBio/Healthcare-DT&Investment, NAU IB Capital
TeamfreshDelivery6.5 billionDSC Investment
AngrypeopleLegal tech-Korea SMEs and Startups Agency
MoraiMobility2 billionAtinum Investment
ThetriveMobility-Pre-Series ABusan Technology Holdings, Jeonbuk Technology Holdings, CNTTECH, TLAB
GXCGame5.3 billionSeries AHana Financial Investment, Enlight Ventures, SangSang Ventures, KONAI PARTNERS
Takeone CompanyMedia/Content-JTBC Studio
Rosetta ExosomeBio/Healthcare-Series ADA Value Investment, K Bridge Investment, DS&Partners
Common SpaceHR-M&AWantedlab
KristinFashion55 millionNaver D2SF, Series Ventures, Busan Technology Holdings
Z-EMOTIONFashion-SeedNaver D2SF
KmongFreelancer market31.2 billionSeries CCompany K Partners, Premier Partners, Intervest ,Mirae Asset Venture Investment, Korea Development Bank
CloudstoneDelivery-SeedLotte Accelerator
ThewavetalkBIO2 billionSK
FetchingLuxury Fashion-Pre-Series ASpring Camp
Whynot mediaMedia/Content15 billionSeries B‎Keyeast, F&F Partners, Com2us, KTB vestment, Mirae Asset Venture Investment, Hancom Investment, Yuanta Investment, Capitalone
ClassumEducation6 billionPearl Abyss Capital, Storm Ventures, Bigbasin Capital, Smilegate Investment
RonficHealthcare-Pre-Series AThe Ventures, Kimgisa Company, Laguna Investement
HealthhubBio/Healthcare20.5 billionSeries BPremier Partners, Aju IB Investment, BNH Investment, KC Ventures, DS Asset Management, LSK Investment,NH Investment & Securities, Honest Ventures, TIMEFOLIO Asset Management
Cenyx BiotechBio/Healthcare18.5 billionSeries A

Major Funding

  • Freelance market platform Kmong has raised KRW 31.2 billion, the largest investment ever in the field. Kmong has grown more than ten times in trading over the past four years. Based on this investment, it plans to focus on establishing the ‘No.1 Human Cloud Service’ that provides all human resources necessary for businesses.
  • Shortform content producer WhyNot Media raised KRW 15 billion in investment and plans to focus on investing in intellectual property(IP) rights and expand its global long-tail business.
  • Augmented reality(AR) technology startup Anipen raised KRW 8.5 billion worth of investment and plans to speed up the development of metaverse platforms based on AR, XR, and deep learning technologies.
  • Classum, an online tool for classroom communication, secured KRW 6 billion and plans to introduce live lectures and AI assistant functions to enter the global market.

#Trend Analysis

9 Startups Selected for Sparklabs’ Demo Day 16

Global accelerator Sparklabs hosted their online Demo Day 16 on the 26th. Sparklabs is a global startup accelerator launched in 2012 and supports the rapid growth of startups by discovering teams with global capacity. The company runs a three-month program and demo day based on solid mentorship twice a year. Sparklabs is also a key player in Sparklabs Group, Asia’s largest startup accelerator and venture capital network based in South Korea, the United States, China, Taiwan, Hong Kong, Australia, Singapore, and Oman.

A total of nine companies participated in the 16th online demoday. They are as follows:

Tella= A 1:1 chat-based online English education service used by more than 80,000 Korean users in more than 60 countries. Starting with Japan in the second half of this year, Tella prepares to enter global markets.

BlaBla= An audio-based community platform, known as the Korean version of Clubhouse, with a creator compensation function. It has secured 90,000 users at the end of April and is preparing to expand existing global services in Japan, Vietnam, and Taiwan.

Casting= A communication platform that connects influencers and fans. Provides daily private subscription services of influencers and 1:1 request services to receive personal responses.

Reharvest= Upcycles beer and sikhye byproducts into food by working with manufacturers such as OB Beer and Cabru.

Kintlab= Offers premium ready meals with the advantage of retort and meal kits. They sell products that can be eaten immediately using a microwave. Has released nine menus so far through its online shop and established a manufacturing plant in March.

VillageBaby=Started as a maternity product subscription service for pregnant women and expanded to a childcare information app targeting the childcare products market, accumulating 70,000 users.

Changupin= Started as a small business community service and now provides business analysis data as a service. Accumulated 4,000 users in one month after launch and is growing.

Moonriver= Provides market analysis and predictive information data solutions to e-commerce sellers.

In addition to Demo Day, expert lectures were also held at the event. Panel discussions were on three topics: Non-Fungible Token (NFT): Is it a bubble to collapse, whether it will become a standard for digital assets, everything about phased startup funding, the post-corona era, and the future of accelerators and seed investments.

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