#Weekly Funding Overview[Oct. 31 ~ Nov. 4 ]
The total funds raised by Korean startups of this week is KRW 59.9 billion.
|Space V||Prophtech||1 billion||Pre-Series A||Daekyo Investment, WeVentures|
|Aetech||Environment||3.1 billion||Series A||Vision Creator, GS Ventures, Sopoong Venture, Blue Corner|
|Treefarm||Plant shopping mall||500 million||Pre-Series A||New Paradigm Investment|
|Secuchar Global||Security||8.2 billion||Series A||BNK Capital, Coentry Investment|
|Hodoolabs||Edutech||13 billion||Series B||LGU+, Korea Development Bank, Intervest, SDB Investment, Capstone Partners, NPX Capital|
|Step Pay||Subscription SaaS||2.3 billion||Pre-Series A||Primer Sazze Partners, Info Bank|
|Mad Corporation||Marketing agency||-||M&A||MotivIntelligence|
|Disquiet||Maker Social network||-||Pre-Series A||KB Investment, We Ventures, D.Camp|
|idid||Social entertainment||5 billion||Series A||DS Asset Management, Shinhan Capital, Geon Investment, Korean hipop fund|
|Billyo||Space Management||200 million||Pre-Series A||CNTTech|
|Safehouse||Story Production||1 billion||Pre-Series A||S2L Partners, DA Value Investment|
|Fiserv Korea||Payment||-||M&A||Korea Credit Data|
|Aqara Korea||IoT||25.6 billion||Series A||SK D&D, KOC Partners, Saltux Ventures, Capstone Partners, Korea Design|
- Aqara Korea has raised KRW 25.6 billion in investment. Valued at KRW 100 billion, it is a home IoT company with smart hubs, sensors, controllers, lighting, and door locks. By supporting Matter, a global home IoT connection standard, the company has received high marks for its growth potential.
- Hodoo Labs, an Edtech company, has received a KRW 13 billion investment. Its corporate value tripled in a single year to KRW 60 billion. Domestic and foreign businesses have grown by offering English-speaking content, Hodoo English, targeted at infants and elementary school students. The funds will be used to expand the Hodoo English service.
- SecuChart Global has secured a KRW 8.2 billion investment. As a subsidiary of security solution company Everspin, it provides Fake Finder, a whitelist-based fake app detection solution, to top financial companies in Korea.
- IDID has obtained a KRW 5 billion investment. It runs Bound, a short-form social entertainment platform where you can produce various videos and music content on over 500 songs. The company will make investments in upgrading its service and growing domestic and overseas bases.
Virtual Human Startups Are On The Rise
Startups that create virtual humans are attracting investors thanks to the popularity of the metaverse. In particular, funds are flowing into early-stage startups. Virtual human startups have received large-scale investments since last year. As virtual influencers have gained popularity among the MZ generation and as more businesses employ them as marketing and advertising tools, interest in the companies that create them has increased.
A virtual human producer DeepBrain finished a funding round of KRW 50 billion last year. The company is valued at KRW 200 billion. Lion Rocket raised KRW 6.5 billion last year and launched VeryMe. This service allows you to create your own virtual face based on your actual face with AI technology. KLleon also secured KRW 4 billion last year. It provides KAMELO, a service that makes virtual humans fast and cheap with a single photo and voice.
Related startups have successfully secured funding one after another this year, following the success of previous year. The majority of them are early-stage startups recognized for their growth potential.
Vlast, the first in-house venture of MBC, raised KRW 2.4 billion. The company made virtual characters for television shows like “Meeting You.”
It created top-notch digital content for the metaverse employing IPX (Line Friends) character IPs, including the original characters from Line Friends.
Aria Studio is developing virtual human ARii. By applying AI artificial neural networks and real-time 3D modeling technologies, it presents more realistic visuals and emotional expressions compared to existing virtual humans.
PLUME.D, who recently won the grand prize at the Chung Ju-Yung Startup Competition, provides Avatok, a software for virtual YouTubers. AI real-time motion tracks your entire body and mimics user expressions and motions, enabling you to implement 3D avatars at a low cost with a single webcam.
SCON operates Meechu, a service that facilitates the development of virtual YouTubers. The entire process for creating virtual characters, such as facial and motion tracking and 3D modeling, is supported by professional character writers, animators, and developers so that you can make video content with virtual characters using only computers and smartphones.
|Company Name||Description||Investment Amount||Stage||Investor|
|Aria Studio||AI Virtual Human||Non-disclosure||Seed||Primer Sazze Partners, KB Investment|
|SCON||3D Virtual Character Production||Non-disclosure||Seed||The Invention Lab, Woomi Construction, Kukbo Design|
|PLUME.D||Facial Expression Recognition Software||Non-disclosure||Seed||FuturePlay|
|Vlast||Virtual Character||KRW 2.4 Billion||Seed||MBC, IPX|