investment
Seoul-based Hello Nature, An Online Grocery Retailer, Raises $1.4M
2014년 09월 29일

Hello Nature (Byung Yul Park, CEO), an online grocery retail startup, has announced a US$1.4 million investment from Softbank Ventures and Mirae Asset Venture Investment. Organic foods are popular among Koreans, and according to the Ministry of Agriculture, Food and Rural Affairs, the organic food market is expected to reach near four billion dollars by 2014. Unlike other online grocery retailers in Korea, Hello Nature offers compact package delivery services called “nature-friendly…

Meet The Ten Billion Dollar Companies That Make Up The Korean Unicorn Club
2014년 09월 27일

Last December, Aileen Lee from Cowboy Ventures, identified 39 software startups that have reached valuations of over $1 Billion, and grouped them under the moniker of The Unicorn Club, in her landmark TechCrunch post. Since then, software startups with valuations of over $1 Billion are being commonly called “Unicorns” in Silicon Valley and worldwide. On the conclusion of a second very successful beGLOBAL 2014, where ten Korean startups featured in Silicon Valley, we…

A look into the beGLOBAL Startups: Keukey and Vingle
2014년 09월 26일

The second beGLBOAL in Silicon Valley, September 12th, clearly demonstrated that Korean entrepreneurship has come a long way in the last 12 months. Here we take a look at two of the companies that showcased at the event which again gathered some of Silicon Valley’s top investors and entreperneurs to discuss global entrepreneurship and investing. Ten carefully selected Korean startups also showcased, hopeing to attract the attention of US investors, partners and…

Silicon Valley Meets Asia in San Francisco Sep 12th, Join the Global Tech Discussion at beGLOBAL
2014년 09월 05일

Korea has long been known for lightning-fast internet and mobile broadband speeds. Now the country’s startups are also garnering global recognition. In the last 12 months Korean founders have been backed by the likes of Y Combinator, Tech Stars, Sequoia Capital, Altos Ventures, and Formation 8. Two local ventures also achieved ‘Unicorn’ status (a valuation of $1Bn or more) earlier this year. Kakao Talk, the country’s dominant mobile social platform is now valued…

As Google Commits To New Seoul Campus And Overseas Interest Intensifies Samsung Remains Absent From Local Scene
2014년 08월 28일

Google, on an international mission to rapidly connect with the global startup community, has recently announced that it will open a startup campus in Seoul, Korea next year. This comes at a time when Korean entrepreneurs are beginning to prove that they have what it takes to make an impact, as exemplified by a statement from Google’s Bridgette Beam: “Korean innovators and entrepreneurs are some of the best in Asia, and Korean startups are making headlines around…

Healthcare Wearables Startup YBRAIN, From Seoul, Raises $3.5M In Series A Funding
2014년 08월 27일

Healthcare wearables startup Ybrain announced today it closed on $3.5 million in Series A funding in a round led by Stonebridge Capital bringing company’s total raise to $4.2 million. The Korea-based startup, founded in Feb 2013 by a Caltech neuroscientist and Samsung engineers, offers healthcare wearables for Alzheimer’s disease patients. Ybrain is a brain signal based wearable device start up building mobile health and wellness solution platform for the healthy and impaired….

Korea’s Top Bitcoin Startup Raises $3 Million to Expand Bitcoin Adoption in Korea & Beyond
2014년 08월 27일

Korbit, Korea’s leading bitcoin exchange, wallet and merchant processor, has just closed a $3 million Series A funding round led by SoftBank Ventures Korea. Pantera Capital led the round from the US, with participation from BAM Ventures and previous investors Bitcoin Opportunity Corp., Tim Draper, Pietro Dova and initial investor Strong Ventures. Korbit launched their bitcoin exchange last year and have now added two new bitcoin services and aim to continue building the…

Korean Digital Rewards Service, Spoqa, Raises $2M To expand Into Japan
2014년 08월 05일

Spoqa is a Seoul-based startup that operates Dodo Points, a tablet-based loyalty platform for local merchants. Since its launch in April 2012, 1,500 local merchants in Korea signed up and Spoqa has driven 2.5 million customers to its partner merchants. Today the company has announced that it has closed its second round of funding, putting its total funding raised to $3.9M US dollars. With this round, Spoqa aims to aggressively expand its…

Korea’s Entrepreneurs Garner Global Validation As Local ‘Startup’ Valuations Soar Into The Billions
2014년 07월 21일

This article was co-authored by Alan McGlade (Digital Entertainment Ventures) and Nathan Millard (beSUCCESS) and appeared on Forbes on July 18 2014. As little as five years ago Korea’s startup scene was undistinguished, but now the nation has taken an important step towards establishing itself as a key technology hub in the Asia Pacific region and an essential partner for global investors and tech businesses. Two young Korean startups have gained the…

소프트웨어 기업, 모바일 퍼스트(Mobile-First)가 아니면 살아남지 못한다
  ·  2014년 07월 14일

언제 어디서나 스마트폰은 이제 사람들의 가장 가까운 곳에 있다. 이전에는 컴퓨터가 했던 기능들을 스마트폰으로 하게 되면서 스마트폰의 사용하는 빈도수와 시간은 순식간에 증가하여 ‘모바일-퍼스트 마인드셋(mobile-first mindset)’은 일상 뿐 아니라 산업에도 깊이 스며들었다. 스마트폰이나 태블릿과 같은 모바일 기기는 건설, 쇼핑, 제조, 헬스케어, 교육, 법과 같은 다양한 산업에서 쓰이게 되었고 그 영향력은 지속해서 커지고 있으며 심지어 기업의 핵심 기술로 자리를 잡아가고 있다. 이러한 변화는 소프트웨어 기업가들이 제품을 만들 때 모바일 디바이스 관련 기술이 기업의 핵심이…

International Startup Team From LG & Google Raises $1M To Trounce Dropbox In Developing Markets
2014년 07월 10일

Hearing about employees giving up their highly-prized, stable, and well-paid corporate careers in Korea’s tech behemoths used to be incredibly rare. But the young team at ASDTech has done exactly that, choosing to give up salaries of well over $100k for the excitement and promise of entrepreneurship. Having founded ASDTech in 2013 after leaving LG Electronics, they developed their while-label cloud service, ‘Cloudike’, and have now secured their first major clients. Furthermore they have…

Korean personalized Travel Guide Service, MyRealTrip, Raises $980k, Plans China Expansion
2014년 06월 19일

MyRealTrip, a Korean startup that provides overseas travelers with personalized guided tours in thier mother tongue has just announced their third round of funding. SmileGate Investment led the round, contributing 70% of the funding, with Capstone Partners joining. This Series A round has provided an injection of almost $1M to help the company build out their Android and iOS mobile apps and expand to include Chinese travelers visiting Korea, as well as…

25 Year Old Korean Startup CEO Nets $2.5M Investment To Connect Fashion Addicts to Retailers
2014년 05월 27일

StyleShare CEO Jayoung Yoon is only 25 years old, but has built a formidable fashion and style platform and has just secured a further $2.5M to expand her vision globally. This series B investment from LB Investment follows a seed round from Primer (20M KRW), and a seed round from Suprema & the founder of Daum ($08.M). StyleShare as a mobile fashion contents platform that allows users to share what they are…

일본 유명 벤처 투자사 ‘글로벌브레인’, 싱가폴 온라인 뷰티 스토어 ‘룩솔라’에 투자
  ·  2014년 05월 26일

일본 유명 벤처 투자사 ‘글로벌브레인(Global Brain)’이 동남아시아 최대의 온라인 뷰티 스토어 ‘룩솔라(Luxola)’에 투자했다고 오늘 26일 밝혔다. 이번 라운드에서 글로벌브레인이 투자한 금액은 100만 달러(한화 10억2,550만 원)이다. 이번 투자는 사모투자전문회사 ‘에프엔에이치펀드매니지먼트(F&H Fund Management)’와 공동으로 추진되었으며, 총 투자 금액은 300만 달러(한화 30억7,650만 원) 규모인 것으로 알려졌다. 글로벌브레인은 이번 투자의 이유를 “아시아 국가를 넓게 아우르는 룩솔라의 브랜드 영향력과, 경영팀의 역량을 높게 평가했기 때문” 이라고 밝혔다. 글로벌브레인은 향후 룩솔라의 아시아 지역 진출과, 일본 코스메틱 브랜드와의 제휴 업무를 도울…

Korean ‘Hello Market’ Raises $2.5M to Augment Their C2C Buying Platform In Asia
2014년 05월 22일

Hello Market, who have just announced their first funding round of $2.5M, is a C2C marketplace platform service that allows users to sell, buy, and exchange goods and services through mobile platforms (Android, iOS) as well as the web. According to Co-Founder Alber Hahn their goal now is to continue to apply, update, and expand upon the craigslist C2C commerce model, with a current focus on further expansion into Japan. The Hello Market…

Korean Startup ESTmob Behind File-sharing App Send Anywhere Raises $1M From Rakuten Ventures
2014년 05월 20일

Originally Posted by TechInAsia ESTmob, the Seoul-based team behind file-sharing app Send Anywhere revealed today it has completed a US$1 million seed round led by Rakuten Ventures. ESTmob co-founder Suhyuk Kang said that they will use the funding to expand their user-base around the globe and ramp up the app’s feature set. Send Anywhere delivers a basic, somewhat mundane utility to device owners. After one downloads the app, a user selects a…

Seven Top News Items From The Korean Tech Scene This Week
2014년 04월 15일

1. Samsung has released its latest Galaxy S5 smartphone and wearables in 125 countries around the world as it battles squeezed profits and challenges to its top market position. Such a large simultaneous launch is the biggest of its kind for any of its previous products. The previous generation S4, the best selling android phone ever, started selling in 60 countries, and the Note 3 was first released in 58 countries. 2….

Facts That Make The Korean Startup & Tech Environment One of The Most Interesting in Asia
2014년 04월 11일

This article gives a round-up of recent news from the Korean startup and tech environment. Please feel free to suggest updates and additional news. If you want to check out Korea for yourself, we suggest coming to Seoul, May 14-15, for beLAUNCH, Korea’s top tech and startup event. While the event is based in Korea we welcome startups from across the world and have secured a top line-up of global speakers who…

What Made Silicon Valley’s DFJ Make a Follow-on Investment In A Bitcoin Startup From Seoul
2014년 04월 09일

Coinplug, one of Seoul’s foremost bitcoin startups has just announced that they have raised a second round of funding from Silicon Valley VCs, to the tune of $400k. This replicates a funding round that the company received just last November for the same amount. What is also impressive is that both rounds have come from Silicon Valley based Investors, a once rare occurrence for Korean startups. This story also follows news we…

Korea’s Pivotal Moment As Entrepreneurship Takes Centre Stage
2014년 03월 31일

In January in Davos, Switzerland, South Korea’s first female President, Park Geun-Hye pushed forward with a multi-billion “Creative Economy” policy. Although Korea has seen a great rise in GDP and living conditions in the last 50 years, President Park now believes the current economic growth environment in Korea has reached its limit, and just like startups often need to, she has decided to pivot the Korean economy to embrace innovation as a…