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We couldnāt stay away
Although we were supposed to halt our weekly activities, we just couldnāt stay away from the hype of the Korean tech scene. We are back, with a bit a of simpler format, bringing you the newest bites of whatās going on in the Land of Morning Calm
Subjective News Headlines
Barogo secures KRW80B series C, opening 25 logistics centers in Seoul
Despite government support - 3 reasons for startup struggles
A week in investment
Barogo (Delivery logistics) - USD71.2M USD series C from 11Street, CJ Group, LB Investment, YG Investment, Shinhan Venture Investment
Fastfive (Coworking space) - USD26.7M series E from Aarden Partners, CL Partners, Kakao Investment, Korea Development Bank, T.S. Investment, Korea Investment Partners, Atinum Investment
Twinny (self-operating robot) - USD 15.1M series B from Mirae Asset Capital, Log Investment, IBK Capital, YG Investment, IGIS Investment Partners, Pentastone Investment, Tiger Tech Investment, Hyundai Motor Securities
Yipscell (Biotechnology) - USD 10.7M series A
Motov (Mobility Advertisement) - USD 9.8M series B from Altos Ventures, TBT, Korea Development Bank, ID Ventures, Mirae Asset Capital, NauIB
Ringle English Education Service - USD 8.9M series A from Must Asset Management, One Asset Management, Xolon Investment, MoCA Ventures
VivaWave (hince) (makeup brand) - USD 8.9M series B from Mirae Asset Venture Investment, Premier Partners, CJ Olive Young
E-pop Sport (Say Voca) (AI English language app) - USD 8.9M series A from Atinum Investment, Bon Angels
Medistream (Traditional Chinese medicine platform) - USD 4.9M series A from KB Investment, Hana Ventures, Shinhan Venture Investment
NewNeek (contents platform) - USD 2.2M series A from Kakao Ventures, Shinhan Capital
H-Energy (Energy sharing platform) - USD 1.9M series A from KB Investment, DaDam Investment
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