#Weekly Funding Overview[Aug. 22~ Aug. 26]
The total funds raised by Korean startups of this week is KRW 379.5 billion.
|Cellico||Healthcare||-||Pre-Series A||Yuanta Investment|
|Wholesumbrands||Brand aggregator||20 billion||Venture debt||Withus Partners|
|Viva Republica||250 billion||Series G||Good Water Capital, Harvest growth Capital, Pebbles|
|Nyaongs||Pettech||1 billion||New Paradigm Investment, Wishcompany, Angel investors|
|Tesollo||Robot Solution||-||Seed||The Invention Lab, Woomi, Kukbo Design|
|Robo frien||-||Seed||The Invention Lab, Woomi, Kukbo Design|
|Robo frien||UWB Solution||-||Seed||The Invention Lab, Woomi, Kukbo Design|
|Rightroue||Eco friendly||-||Seed||The Invention Lab, Woomi, Kukbo Design|
|Paywork||Payment management||-||Seed||The Invention Lab, Woomi, Kukbo Design|
|SCON||3D Virtual||-||Seed||The Invention Lab, Woomi, Kukbo Design|
|Kreaon||Travel content||-||Seed||Korea Venture Investment|
|Soundplatform||Sound solution||-||Pre-Series A||Kingsley Ventures, Lotte Ventures|
|Plume.d||AI Motion||-||Seed||Future Play|
|Tridge||Agriculture Data||50 billion||Series D||DS Asset Management|
|Togetherart||Art tech||-||Pre-Series A||Tony Investment, Republic, V1 Private Equity|
|Spiderlab||Book sharing||1 billion||Smartstudy Ventures|
|Bos semiconductors||Mobility semiconductor||-||Hyndai Motors Zeroone|
|Studio Galilei||Smart mobility||-||Pre-Series A||MYSC, The wealth Investment, Hankooktire, Cnttech|
|Gigavis||Fabless||40 billion||Pre-IPO||Pebbles Asset Management, Time Folio Asset Management, Stick Ventures|
|Spoit||Sport video||-||Seed||Incheon CCEI|
|Blank Corporation||Media commerce||2 billion||Kream|
|Threeducks||Entertainment||-||M&A||My Music taste|
|Sugopeople||Recycling||-||KC Green holdings|
|Cultureart4u||art content||1 billion||Pre-Series A||Cryptonm KST-Shinhan Capital|
|Lineup||Sports game||-||Seed||Fast Ventures|
|Weflo||Mobility||-||Seed||Kakao Ventures, Lotte Ventures, Bass Investment|
|Kiwi studio||Kids Content||300 million||bridge||Sopoong Ventures, Huno, Glorang|
|Webtoon today||Webtoon production||2.1 billion||Pre-Series A||Capstone Partners, Laguna Investment, Crit Ventures, DCAMP, Bass Investment|
|Seoul Robotics||Mobility||5 billion||Future Play, Samsung Securities|
|Select Star||AI||9 billion||Series A2||Kakao Ventures, Company K Partners, CJ Investment, Nau IB|
- Agricultural data startup Tridge has raised KRW 50 billion in investment. It was valued at KRW 3.6 trillion, which made it the first unicorn in the industry. It promotes global businesses as a trading platform for agricultural products. It plans to upgrade its product and establish overseas branches.
- Brand aggregator Wholesum Brands has obtained a KRW 20 billion loan. The company will acquire more brands and expand its consulting business with the funds.
- The AI learning data platform Select Star has completed its series A funding round after receiving an additional KRW 9 billion investment. It collects and processes learning data for AI through crowdsourcing. It will promote global brand expansion with its local corporation in the U.S.
Self-driving Startups Have Raked in Funds
As the mobility industry diversifies into other services, the number of related startups is growing, and investors are paying attention to the mobility market. In particular, most funds are flowing into startups with self-driving technology. Last month, Hyundai Motor spent KRW 427.6 billion to acquire 42dot, a self-driving startup that the group had invested in several times.
According to data from Startup Recipe, as of August, 18 autonomous driving startups have received KRW 409.8 billion in funding. It has already surpassed last year’s total investment in the vehicle/mobility sector, including self-driving startup companies, which was KRW 287.6 billion, in just eight months. Even in the shrinking investment market, several companies have raked in more than KRW 10 billion in the Series A stage due to the high growth potential in the autonomous driving sector. Self-driving companies are recognized for their technological prowess both at home and abroad, drawing investment from global VCs. They also have their headquarters or branches abroad and make global partnerships to target overseas markets.
StradVision has raised KRW 107.6 billion and secured the most funds this year. Its competitiveness has been recognized as major global mobility companies made strategic investments. Investors are also betting their money on autonomous robot startups that specialize in last-mile delivery. Bear Robotics, which develops self-driving serving robots, has raised KRW 100 billion, the largest amount ever invested in serving robots. Both Stradvision and Bear Robotics are headquartered in the U.S. and are now focusing on their overseas expansion.
Various companies succeeded in securing investment in the first half of the year, including startups with simulation and LiDAR technology as well as autonomous driving technologies for vessels and drones. Investors will continue to pay attention to autonomous driving technology since it is a crucial axis defining the era of future automobiles and is also being promoted at the national level.
|StradVision||KRW 107.6 Billion||Series C||Aptiv, ZF, LSS PE, Kclavis, TimePolio Investment, nvester|
|Bear Robotics||KRW 100 Billion||Series B||IMM Private Equity, Cleveland Avenue, KT, Smilegate Investment, DSC InvestmentIMM Private Equity, Cleveland Avenue, KT, Smilegate Investment, DSC Investment|
|Autocrypt||KRW 32.5 Billion||Series B||Korea Asset Investment & Securities, Ermus Investment, BSK Investment, Shinhan Venture Investment, JB Asset Management, Stick Ventures, Pathfinder H, Hyundai Technology Investment|
|MORAI||KRW 25 Billion||Series B||NaverD2SF, Hyundai Group zeroone, Kakao Ventures, Atinum Investment, Korea Investment Partners, KB Investment, Korea Develpoment Bank|
|Neubility||KRW 23 Billion||Series A||IMM Investment, Shinsegae Signite Partners, Lotte Ventures, Samsung Wellstory, DS & Partners, KB Investment, Portitodot, SKT-Infinite Fund, Capstone Partners, Future Play, Shinhan Capital|
|ThorDrive||KRW 20 Billion||Series A||KIWOOM SECURITIES, Emford Equity Partners, POSCO CAPITAL|
|Spring Cloud||KRW 18 Billion||Series A||InfoBank Corp, Mando, Korea Develpoment Bank, Woodreambio, Korea Credit Guarantee Fund|
|Mars Auto||KRW 15 Billion||Series A||GFT Ventures, Mirae Asset Venture Investment, Central|
|Vueron Technology||KRW 10 Billion||Pre-Series A||Daesung Venture Capital, HGI, Korea Development Bank, Timefolio Asset Management, InterValue Partners|
|Clobot||KRW 9.5 Billion||Series B||Premier Partners, Shinhan Venture Investment, L&S Venture Capital, Hyundai Group zeroone, Honest Ventures|
|Seoul Robotics||KRW 5 Billion||–||Future Play, Samsung Securities|