Seoul Startups

Share this post
Here comes the sun ☀️
seoulstartups.substack.com

Here comes the sun ☀️

Korea tech scene news bits

Editor @Seoul Startups
Jun 20, 2021
2
Share this post
Here comes the sun ☀️
seoulstartups.substack.com

Seoul Startups reports on the tech hype in Korea with a bite-sized weekly newsletter straight to your inbox. If you’ve been forwarded this email, give it a read and subscribe.


It’s always sunny in Seoul

At least in June, before the rainy season hits in.

Check out last week's hot news bits and investment highlights!

Subjective News Headlines

  • Soomgo secures series C

  • Government's actual efforts for innovation (not great)

  • US Office of Education is buying Korean digital reading pads for the blind

  • Shinsegae and Naver take over eBay Korea

  • Coupang's first overseas expansion to Japan

  • But also a disastrous fire to Coupang distribution center in Icheon

  • Korea is serious about esports (Krafton IPO)

  • Why can we have food delivery on kickboards but not via taxis?

  • Google not so free for universities. Not winning points

  • Gangnam district installing kiosks for disabled citizens to aid them with administrative services

A week in investment

  • Brave Mobile (Soomgo) (service/freelancer matching marketplace) - USD28.5M series C from IMM Investment, Strong Ventures, TBT, Atinum Investment, Korea Development Bank, Lakewood Partners, We Ventures, IBX Partners

  • Cookat (What do we eat today?) (Foodie platform) - USD28.5M series D from LB Investment, Timewise Investment, Premier Partners, TS Investment, Mirae Asset Venture Investment, Ajou IB Investment, Tony Investment, KT Investment, Signite Partners

  • Drimaes (In-vehicle infotainment) - USD11.1M series A from Partners Investment, Medici Investment, Mando Corporation, STIC Ventures, Korea Development Bank

  • WhaTap Labs (SaaS Cloud services) - USD10.7M series B from KB Investment, Altos Ventures, Lee Ventures, KTB Network, K2 Investment, Maple Investment Partners

  • Motiv Intelligence (ad-tech) - USD8.9M series C from Woori Bank, Visionequity Partner, Korea Investment Partners, IBK Investment Capital

  • Extriber (Travel price comparison) - USD4.5M series B from KB Investment, Kakao Ventures

  • VSI (Vehicle semiconductors) - USD3.6M series A from Korea Investment Partners, GU Equity, Quantum Ventures

  • Vinssen (Ship/boat manufacturing technology) - USD2.7M series A from DSC Investment

  • Rincos (Global logistics) - USD2M series A from angel investors

  • Apposter (smart watch) - USD1.8M series A from Soo Investment Capital

  • Fastforward (Domino) (SNS for investors) - USD1.2M series A from Korea Investment Partners, Spring Camp

Share this post
Here comes the sun ☀️
seoulstartups.substack.com
Comments
TopNew

No posts

Ready for more?

© 2023 Seoul Startups
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing