#Weekly Funding Overview[Aug. 8~ Aug. 12]
The total funds raised by Korean startups of this week is KRW 142.5 billion.
|InfiniteBlock||Digital Asset||-||Seed||SK Securities, DGB Daegu Bank|
|42Dot||Mobility||-||M&A||Hyundai Motor Group|
|Twowhy||Interior||-||Pre-Series A||Enlight Ventures, Kibo, DG Tech Holdings|
|SOVORO||STT Solution||1.4 billion||Series A||D3 jubilee Partners, POSTECH Holdings, IPS Ventures, Blue Point Partners|
|Shoppingcodi||Shopping||300 million||AI Angel club|
|R2C Company||Research||-||Seed||Newborn Ventures|
|Groupby||Engineer HR||-||Seed||The Ventures|
|Moveawheel||Road infra solution||800 million||Seed|
|iocrops||Smart farm||3.4 billion||Series A||Enlight Ventures, Seoul National University Technology Holdings, BNK Venture Investment, Capstone Partners|
|Aloha factory||6 billion||Series A||LB Investment, Korea Investment Partners, Crit Ventures, POSCO Technology Investment|
|PALMTREE ISLAND||Entertainment||-||M&A||Loud Corporation|
|Conpapa||Webtoon||400 million||Seed||Klim Ventures, Fast Ventures, Bluerun Ventures, BRV Capital managment, Goodwater Capital, Sandbox Network, Kim, Sanghun|
|Ascent sport||Sports nutrition||-||Seed||KIBO|
|OrangeBiomed||Medical device||-||Pre-Series A||Digital Healthcare Partners, (Seoul Technology Investment|
|Quantec||Robo Advisor||5 billion||Series C|
|Buildblock||Prophtech||10 billion||Series A||IS Dongseo, Crit Ventures, Primer Sazze Partners|
|StradVision||Mobility||107.6 billion||Series C||Aptiv, ZF, LSS PE, Kclavis, TimePolio Investment, nvester|
|Luca AICell||BIO||5 billion||Korea Development Bank|
|Actnova||3D Behavior analysis||500 million||Seed||Kakao Ventures|
|Reset Company||Solar Energy||-||Seed||Series Ventures|
|InTheCore Business Platform||Smart hotel||-||Pre-Series A||Hyndai Motors Zeroone|
|Zeroxflow||Education||1.8 billion||Pre-Series A||Laguna Investment, Must Ventures, Astone ventures, Angels|
|Refeely||ECO Packaging||800 million||Seed||Yoonmin Foundation, Next Dream Angel Club, Blue Point Partners, Lotte Ventures|
- StradVision completed an investment of KRW 107.6 billion from domestic and foreign investors, including Aptiv, one of the three key players in the autonomous driving industry. StradVision develops advanced driver assistance systems (ADAS) and AI-based camera recognition software for autonomous driving. It will promote large-scale mass-production projects and increase its staff.
- BuildBlock, a US real estate investment service, secured KRW 10 billion in investment. It offers resources for US real estate investing as well as assistance with complex administrative procedures. Its total transactions exceeded KRW 100 billion as of May this year.
- Robo-advisor Quantec raised KRW 5 billion and was valued at KRW 86 billion. Its corporate value has doubled after receiving investment in July of last year.
- Aloha Factory, which develops hyper-casual games, received a KRW 6 billion investment. Its game Kiss in Public reached 10 million downloads. The company plans to diversify into mid-core casual games with this funding.
Active investors in the first half of the year in Korea
Despite the shrinking investment market, funds are still flowing into promising startups. We looked at the active investors of this year, from policy funds to VCs and accelerators.
According to data from Startup Recipe, the state-run bank Korea Development Bank has been the most active investor this year. It participated in sizable investments in major unicorn startups like Viva Republica, Zigbang, and Bucket Place. It has invested in innovative companies across all stages and industries, including fintech, space, semiconductor, and lifestyle. Last year, KDB also created an innovative growth fund to support promising companies. It runs the venture nurturing platforms, NextOne and NextRound, and has established itself as a key player in the domestic startup investment ecosystem, from discovering local startups to assisting with global expansion.
Venture capital under financial institutions is also active in investment. Leading companies include KB Investment, which is expanding early-stage investment, Korea Investment Partners, which has the greatest AUM(assets under management), Hana Ventures, and Shinhan Capital. IMM Investment and Atinum Investment are also bridging the investment gap in the Series B or higher growth stage.
Among investment firms and CVCs affiliated with IT companies, Kakao Ventures, Naver D2SF, and Smilegate Investment accelerated their investment. Kakao Ventures is increasing its investment in the healthcare sector, and Naver D2SF is expanding its investment by continuing its follow-up investment. Spring Camp and US investment firm Strong Ventures actively invested among the early investors and accelerators. Pre-IPO accelerators that are set to go public, such as Blue Point Partners, Future Play, and CNT Tech, also made an active investment.
|Korea Development Bank|| Dealicious, Vueron Technology, Musma, Apartmentary, Armored Fresh, Bucket Place, Nara Space Technology, Team Fresh, Zigbang, Rebellions, Contec, Bbodek, Ssenstone, Viva Republica|
|KB Investment||Carpenstreet, Team Sparta, Levit, Morai, Quarterback, Kodebox, Neubility, RebuilderAI, Rebellions, Bbodek|
|Korea Investment Partners||Robo Arte, Glorang, Mondayoff, Recon Labs, Jaranda, WAD, Fast Forward, Dr. Diary, Adriel, SemiFive|
|Kakao Ventures||Iskra, Jaranda, Prevenotics, Rapport Labs, Kiboko, Conalog, LikeLion, Rebellions, Loonshot Company, Recon Labs, Medility, Asleep|
|Hana Ventures||Fastforward, Block oddyssey, howbuild, Storelink, Nara Space technology, Atostudy, Nuvent, Rafiq, Sirloin|
|NaverD2SF||Modhaus, Daim Research, Laplace Technologies, New Vessel, N.Light, Recon Labs, Onthelook, Myfranchise, SqueezeBits, GenGenAI, Safetics, Floatic, Gaudio Lab, Z-Emotion|
|IMM Investment||Zigbang, Looman Lab, Rebelion, My Franchise, Uptera, Bucket Place, Bear Robotics, Hutom, Orchestra, Wellt, Neubility|
|Spring Camp||Macovill, BlueSignum, Proground, Chunmyung & Company, Planfit, Merakiplace, D.WHALE, Somssidang|
|Futureplay||Neubility, Mayi, XL8, Torder, Carchap, Arooo, Aidin Robotics|
|Bluepoint partners||Sovoro, Kidspay, Bebridge, liveanywhere, Musma, Blinkers|
|Strong Ventures||Interior teacher, Moin, Modudoc, Plating, Beawocorp.|
|Cntech||LOSH KOREA, DOSEODAM, Spacepet, Doorkitchen, Scalar data|