[StartupRecipe] 20 startups expected to become unicorns

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#Weekly Funding Overview

[June. 20~ June. 24]

The total funds raised by Korean startups of this week is KRW 141,67billion.

Company	Inudustry	Amount	Round	Investors
PhotoniSol	Photonic Technology	370 million	Seed	AI Angel club
Chexcar	Used car sale	-	Series A	Kream, KB Securities, Lotte Ventures
MAYMUST	IT Solution	11 billion	Series A	Shinyoung Securities PE Department, BSK Investment, Kiwoom Investment
FLATTEN	Sneakers Platform	-	Seed	Springcamp
Mooncademy	Music instrument rental	-	Pre-Series A	NewParadigm Investment
RN1	Outdoor game	-	Seed	JB Ventures
Artiwealth	Tax solution	2.1 billion	Series A	KB Securities, SJ Investment Partners, Gabia
Lionrocket	AI	-	GRANT	Post TIPS
RGT	Robotics	-		Nice group
SB&Partners	Interior	-	Series A	Les entreprises Smartlux, Ventures field
Gractor	Smartcity	6 billion		DS Networks, TimeWorks Investment
monolith	Theme park	20 billion	Pre-IPO	DS Asset Management, Infinitum Partners, ISU Venture Capital
Myrealtrip	Travel	50 billion		VIG Alternative Credit
Insta coin	Blockchain	-		Fresheat
C-BIOMEX	Bio/Healthcare	6.5 billion	Series B	Sinpung Pharmaceutical, Innopolis Partners, Starset Investment, Mirae Asset Venture Capital, E&Venture Partners, Enlight Ventures
Alba free	Job searching	-	Seed	Star Ventures, SK Securities
V Planet	Celab ecommerce	-	Seed	Star Ventures, SK Securities
TheYOONHealthtech	Pet health	-	Seed	Star Ventures, SK Securities
SGMA	Fishing Platform	-	Seed	Star Ventures, SK Securities
Insurobo	Insuretech	-	Seed	Star Ventures, SK Securities
Buen Camino	Fintech	-	Seed	Star Ventures, SK Securities
FITD	Healthcare	-	M&A	Directors Company
HUNIVERSE	Healthcare	10 billion	Series B	Naver Cloud, D.A. Value Investment, Tap Angel Partners, ScaleUp Partners, Caseton Partners, IBK Capital
Name X Entertainment	IP Studio	-		Whynotmedia
Sensual moment	Audio drama	1.7 billion	Series A	Sui Generis Partners
Playtag	Kids platform	1 billion	Seed	Schmidt, Stone Bridge Ventures
Rachelblue	Jewelry	-	Seed	The Ventures, Kimkisa lab
bbodek	Dishes Cleaning	33 billion	Series B	KDB Development Bank, KB Investment, DSC Investment, DotConnect Partners, Industrial Bank of Korea, Hana Financial Investment
Supercoder	engineer HR	-	GRANT	TIPS
Triple	Travel	-	M&A	Interpark
logisoft	Mobility solution	-	M&A	Tmap Mobility
YOL	Digital forwarding plaform	-	GRANT	TIPS

Major Funding

• Myrealtrip, a travel plaform, has raised KRW 50 billion in investment. With Travel Everyday as its new vision, the company plans to focus its capabilities on growth.
• Jeju Racing Theme Park Monolith attracted free IPO investment at KRW 190 billion. with the new funding, the company plans to build the second theme park in Yeongjondo.

#Trend Analysis

20 startups expected to become unicorns

20 Korean startups with high growth potential to grow into future unicorn startups were selected by the government. The Ministry of SMEs and Startups announced 20 pre-unicorn startups through Preliminary Unicorn startup Specialty Warranty program. The program provides special guarantees up to KWR 20 billion for preliminary unicorns with a corporate value of KWR 100 billion to KWR 1 trillion. There were 76 companies that applied for this pre-unicorn program, with a 3.8:1 competition ratio.

According to the Startup Recipe data, there are more than 20 unicorns in Korea. This rapid increase in unicorns has been noticeable since 2019, and the Korean government has launched national initiatives to nurture unicorns to continue this growth. It started the K Unicorn project in 2019 to select startups with the potential to become unicorns in the future and to support financial and non-financial growth.

Through the K-Unicorn Project, baby unicorns and preliminary unicorns were born, and 60 baby unicorns were selected last month. The government plans to expand support to respond to the growing startup ecosystem and foster more startups.

	Company	Industry	Description
1	Gluup	ICT	A global on-off Brand commerce
2	The swing	ICT	An electric scooter and micromobility startup
3	The pirates	Platform	An ecommerce platform for fish products
4	Delicious	Platform	A fashion B2B Platfom ‘Shinsang market’
5	Madup	S/W	AI based Digital marketing solution, Lever
6	SensorView	Manufacture	T&M Cable, Micro-Coaxial Interconnection
7	3i	S/W	An industry-leading immersive experience company specializing in metaverse technology, AI, VR, AR
8	Aribio	Bio	A clinical stage integrated biotech company focused on developing novel therapeutics for neurodegenerative and infectious diseases
9	Armored Fresh	Manufacture	A foodtech company developing almond milk based Vegan cheese, dduk
10	Slab Asia	Manufacture	A global logistics service platform
11	HEM Pharma	Bio	Personalized health functional food using PMAS technology
12	1drop	Bio	COVID-19 Testing Kits
13	EPCHEMTECH	Manufacture	Chemical Manufacturing Company developing and manufacturing secondary battery electrolytes, additives and precision Chemicals
14	Jeongyookgak	ICT	Online buther D2C Platform
15	Contents first	Content	Global webtoon platform ‘tappytoon’
16	Techtaka	Platform	A tech based logistics startup operating ARGO
17	Treasurehunter	Platform	A creator management platform (MCN)
18	Trdige	Platform	Global soucing hub of Food & Agriculture
19	Fassto	Logistics	AI based logistics platform operating FMS(FASSTO Fulfillment System)
20	Future medicine	Bio	A drug discoveries based on Nucleoside Library Platform