#Weekly Funding Overview[May 9~ May. 13]
The total funds raised by Korean startups of this week is KRW 395.85 billion.
|Bucketplace||Interior Platform||230 billion||KDB Development Bank, IMM Investment, Softbank Ventures, Vertex Growth, Bond, BRV Capital Management, Smilegate Investment, Mirae Asset Capital, KB Digital Platform Fund|
|The milk||Media||4.8 billion||Series A||Webcash I&C, Hunet Ventures, Kim Kisa Lab, Companoid Labs, Atone, MYSC, Maeum Capital Group|
|Cheongmyeong advanced materials||Electronic car||-||GRANT||TIPS|
|Gooddoc||Mobile healthcare||21 billion||Series A||Samsung Venture Investment, Magellan Technology Investment, KB Investment, IBK Industrial Bank of Korea, DT&Investment, Bogwang Investment, E& Venture Partners, TInvestment, CareLabs|
|Roadwin Human||Logistics||17.5 billion||Series C||A Ventures, Widwin Investment, Pentastone Investment, NH Hedge Asset Management, Coolidge Corner Investment, Shinyoung Securities|
|Pampam||Secondhand Platform||-||Series A||IPS Ventures, Open Water Investment|
|Bemyfriends||Fandom platform||22.4 billion||CJ, CJ Olive Networks|
|21st electric shop||Equipment Refurbish||-||Pre-Series A||500Global, Kakao Ventures|
|Vaxdigm||Bio/Healthcare||-||Seed||New Paradigm Investment|
|ROOT M&C||Metaverse||-||M&A||VA Corporation|
|Dalroll company||Bakery||2 billion||Series A||East gate Partners, Hyundai Technology Investment|
|Innogrid||Cloud computing||5.1 billion||Korea Investment & Securities, Open Water Investment, Wooshin Venture Investment, Life Asset Management|
|IAMDT||Pettech||7.5 billion||Series A||GS Retail, IMM PE, Hanwha Non-life Insurance|
|Aiji Net||Insuretech||10.2 billion||Series C||Intervest, SBI Investment, How Investment, Hana Financial Investment, Woori Bank|
|Seadronix||Marine startup||7 billion||Series A||Softbank Ventures, Lighthouse Combine Investment, TInvestment, SKT-Infiniteum Fund|
|Mondayoff||Game||6.5 billion||Series A||Atinum Investment, Korea Investment Partners|
|Turnbag||Secondhand Platform||-||Seed||Yoonmin Foundation|
|Foodnote service||SaaS||3.25 billion||Series A||Kolon Investment, A Ventures, Shinhan Capital, Findus|
|ModuAccounting||Tax||1.2 billion||Pre-Series A||Evergreen Investment Partners, TIPS|
|East security||Security||15 billion||Pre-IPO||UAMCO IBK Financial Group PEF, HBInvestment, NH Hedge Asset Management|
|EVR Studio||Metaverse||17 billion||Cheil|
|Robo Arete||Robotics||7.5 billion||Series A||Korea Investment Partners, GS Retail, IBK Industrial Bank of Korea, Smart Study Ventures, Mega Investment, Credit Guarantee Fund|
|SoftlyAI||AI||-||Seed||Schmidt, Stone Bridge Ventures, Smilegate Investment|
|Laplace Technologies||Data Analysis||-||GRANT||TIPS|
|Payandstore||QR/NFC Infra||-||Pre-Series A||Main Street Investment, Scale-Up Ventures|
|11corporation||Cosmetic D2C||-||Kolon Investment, Technology Guarantee Fund|
|Uproot company||Blockchain||-||Hexagon Investment Consulting|
|Tripolygon||3D Modelling||6.5 billion||Series A||KB Investment, We Ventures, Naver Jets|
|Deliverylab||Food||5 billion||Series A||Barogo, Future Technology Holdings, Yonsei University Technology Holdings, Credit Guarantee Fund|
|Entcrowd||Entertainment||-||Content Technologies, BA Partners|
|Livelively||Senior care||-||Seed||Dcamp, Findus|
|Atny||Luxury Platform||-||CJ ENM|
- OHouse operator Bucket Place has received an investment of KRW 230 billion, with its corporate value estimated at KRW 2 trillion. It has a furniture delivery system with its own logistics warehouse and plans to enter overseas markets with this funding.
- Mobile healthcare service GoodDoc has raised KRW 21 billion in investment. The company will promote a one-stop healthcare app that enables everything related to medical care, including finding a hospital, online and offline medical appointments, non-face-to-face treatment, payment, and drug delivery..
- Logistics platform Roadwin Human has secured KRW 17.5 billion. It will expand its delivery vehicle operations and attract new B2B customers in the vehicle management market based on consignment services. The company plans to go public in 2024.
P2E (Play to Earn) startups using NFT technology are gaining popularity. P2E, also called a money-making game, is a game in which you can earn virtual assets or NFTs as a reward that you can cash out. As NFT has emerged as a trend since last year, large domestic and foreign game companies are directly entering this field or investing in related startups. Accordingly, the value of P2E startups is rising significantly.
The Korean blockchain industry has experienced steady growth in investment since last year, with more than KRW 150 billion being invested by April of this year. Startups that promote NFT-based P2E games made up the majority of them. Here we list major Korean P2E startups that received funding this year.
Iskra recently secured the largest funds, raising KRW 42 billion in seed investment. Iskra is making a community-oriented game platform Launchpad. Launchpad publishes various genres of P2E games and rewards community members according to their contributions. The service will be released within this year.
Nine Corporation, which quickly became popular at home and abroad as a P2E game company, is developing the P2E game Nine Chronicle. It developed the decentralized blockchain game engine Libplanet and got investments from global investors such as Binance Labs and Animoca Brands, as well as domestic VCs like Naver D2SF. It is thought to be capable of overcoming the technological difficulties of decentralized games.
The blockchain game platform Monoverse raised KRW 4 billion in investment. The company will release the P2E game Frutti Dino in the second quarter. It is a game in which you collect fruit-like dinosaur characters and it has already sold NFT on Binance before its release.
Syltare, developed by LikeLion, received a series A investment. Syltare is a Klaytn-based P2E card game where users compete with five cards. It sold NFT in December of last year, and 9,500 copies (worth KRW 10 billion) sold out in one second.
In addition, Uniquegood Company, a developer of a metaverse content platform RealWorld, raised Series A2 funding and announced its plan to expand globally. Pixel Play also received the seed funding to release the Pixel Battle P2E game.
P2E games are considered revolutionary since they allow both game companies and consumers to benefit from the game’s growth. While they are causing a worldwide sensation, it is impossible to launch P2E games in Korea. Large game companies who are preparing to release P2E games are also raising their voices for deregulation.