It’s beginning of Jangma (장마)

Korean tech scene news bits

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.

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Rain, Rain go away

It looks like it’s gonna rain for the next two weeks☔️

Subjective News Headlines

• LG invests in Kakao Mobility

• Fintech needs IT talent

• Government announces 20 'baby unicorns' 

• Coworking spaces taking over empty spaces

• News for investors

• Krafton lowers IPO price amid overvaluation concern

A week in investment

• Mathpresso (Edu Tech) - USD49.8M series C from Yellowdog, GGV Capital, Korea Development Bank, Softbank Ventures, Legend Capital, Mirae Asset Ventures, Smile Gate Investment

• The White Communication (AI Integrated Solution) - USD24M series B from Mirae Asset Venture Investment, SK Capital, HYK Partners

• Hound13 (Game platform) - USD17.8M series B

• Publy (Contents platform) - USD12M series B from DSC Investment, Intervest, Capstone Partners, Premier Partners, Mirae Asset Ventures

• Codebrick (TokoTalk)(e-commerce) - USD11.7M series B from Altos Ventures, Bon Angels, Pearl Abyss Capital, Prodigy Investment, SBI Investment, Guardian Fund, The Wells Investment 

• Wavebridge (financial platform) - USD6.2M series A from Ajou IB Investment, UNION INVESTMENT PARTNERS, Hashed

• TicTocCroc (childcare platform) - USD5.3M series A from Korea Development Bank, Kyobo Insurance, Woomi Construction

• Stayfolio (accomodation sharing) - USD4.5M 

• Kitten Planet (Brush Monster) (digital dental healthcare) - USD4.5M 

• Roadwin (car delivery service) - USD3.8M series B from WIDWIN INVESTMENT, A Ventures, RICH Asset Management

• FNS Holdings (fashion contents) - USD3.7M series A from OpenWater Investment, SangSang Ventures, Korea Asset Investment & Securities, Winvest Venture Capital, iPLUS CENTER

• True Technologies (fintech) - USD3.1M series A from Stonebridge Ventures, Shinhan Capital, KB Investment, KIWOOM INVESTMENT, Hana Capital Investment, Korea Growth Capital Investment

• Future Kitchen (robot) - USD2.6M seed from Hashed, Nongshim, Nongshim Engineering, Stonebridge Ventures