[StartupRecipe] Korean PropTech Startups Face Funding Crunch in 2024
#Weekly Funding Overview [Dec. 9~ Dec. 13] #Major Funding Hyperxcel has Secured 45 Billion Won in Strategic Investment. Hyperxcel, a technology company developing a semiconductor processor called ‘LPU’ (Latency Processing Unit) specifically designed for super-scale AI platforms like ChatGPT, is...
[StartupRecipe] Logistics Startup Investments in Korea Double in 2024
#Weekly Funding Overview [Dec. 2~ Dec. 6] #Major Funding Nuua, a developer of back-office systems for the airline industry, has raised KRW 13 billion in funding. The company automates ticketing operations such as reservations, cancellations, and refunds, which were previously...
[StartupRecipe] Funding Continues to Flow in B2C Platform
#Weekly Funding Overview [Nov. 25~ Nov. 29] #Major Funding Baropharm, a comprehensive platform provider for pharmacy management, has secured a new investment of KRW 19 million, bringing its total accumulated investment to KRW 40 million. The company specializes in digital...
[StartupRecipe] S. Korean Edtech Investment Shows Signs of Recovery in 2024
#Weekly Funding Overview [Nov. 18~ Nov. 22] #Major Funding Panmnesia, a fabless startup focused on Compute Express Link (CXL) technology, has raised KWR 80 billion, securing a valuation of KRW 340 billion. The company, known for its high-performance switch chips...
[StartupRecipe] Autonomous Driving Tech Leads Mobility Sector funding in Korea
#Weekly Funding Overview [Nov. 11~ Nov. 15] #Major Funding Luxury watch trading platform Viver raised KRW 15 billion to scale its operations. The company has tripled its growth year-over-year and surpassed KRW 100 billion in cumulative transactions. The funding will...
[StartupRecipe] Korean Fintech Funding Crashes 82%, but Long-term Growth Prospects Remain Bullish
#Weekly Funding Overview [Nov. 4~ Nov. 8] #Major Funding Soombit AI has raised 5 billion KRW in seed funding from Altos Ventures. Founded by a team previously engaged in chest X-ray interpretation AI development at Kakao Brain, Soombit AI is...
[StartupRecipe] K-Content Startups See Surge in Investments, Entertain-Tech Takes the Lead
#Weekly Funding Overview [Oct. 28~ Nov. 1] The total funds raised by Korean startups of the week is KRW 56 Billion. #Major Funding Rideflux has secured a 20 billion KRW investment. Founded in 2018, this startup develops autonomous driving software...
[StartupRecipe] TIPS Program Leads Korea's Startup Investments Amid Investment Winter
#Weekly Funding Overview [Oct. 21~ Oct. 25] The total funds raised by Korean startups of the week is KRW 193.45 Billion. #Major Funding Ably Corporation has secured a significant investment of 100 billion won through a mix of new and...
[StartupRecipe] Marine Tech Startups Riding the Wave of Blue Economy Growth
#Weekly Funding Overview [Oct. 14~ Oct. 18] The total funds raised by Korean startups of the week is KRW 73.6 Billion. #Major Funding Curiosis, a leader in lab automation, has secured pre-IPO funding. The company’s flagship product is the world’s...
[StartupRecipe] Korean AI Startups to Watch in 2024
#Weekly Funding Overview [Oct. 7~ Oct. 11] The total funds raised by Korean startups of the week is KRW 148.8 Billion. #Major Funding Makestar, a leading entertainment tech company, has secured KRW30 billion in a recent funding round. Established in...