In May 2024, the Korean startup ecosystem is buzzing with activity as various sectors announce large-scale investments. Startups in semiconductor, enterprise solutions, fintech, and foodtech are drawing attention with their innovative technologies and business models. Here are some of the major investment highlights.

DeepX, a leader in semiconductor and AI, has secured a significant investment of 110 billion KRW. This funding includes participation from a private equity fund founded by Jin Dae-jae, making it the second-largest shareholder. DeepX plans to use this investment to accelerate the commercialization of its AI semiconductor technology.

Torder, a foodtech startup, has completed the first closing of its Series B round, raising 30 billion KRW and valuing the company at over 300 billion KRW. Torder plans to use this investment to expand into global markets and advance its technology.

Nara Space, an aerospace startup, has raised 20 billion KRW in Series B funding, aiming for an IPO within the year. Nara Space is enhancing its competitiveness in the global market with its cutting-edge micro-satellite technology.

In the biohealth sector, MedInTech has secured 20 billion KRW in Series B funding to develop a smart endoscope for medical use. MedInTech aims to commercialize its advanced medical technology and enter global markets.

Fint, a fintech startup, has raised 17 billion KRW to target the retirement pension management market. Fint plans to provide customized financial solutions using its AI robo-advisor technology.

Datarise, a marketing technology (Martech) company, has secured 15 billion KRW in Series B funding. Datarise contributes to increased sales and efficient customer management for its clients through its e-commerce CRM marketing solutions.

Aiz Entertainment, a game and content startup led by former Kakao CEO Nam Goong-hoon, has raised an additional 6 billion KRW, bringing its total seed funding to an impressive 16 billion KRW. Aiz Entertainment is expanding its market presence through innovative game content development.

In the robotics sector, AeiRobot has attracted 3.5 billion KRW in seed investment. Founded by a professor from Hanyang University, AeiRobot aims to develop and commercialize humanoid robot technology.

Overall, May 2024 marks a period of significant investment across various sectors in the Korean startup ecosystem, driven by innovation and growth. These investments are crucial for strengthening the global competitiveness of Korean startups and fostering sustainable growth.

• DEEPX Secures $80.5M to Mass Produce AI Semiconductors and Launch Next-Gen Solutions
• T’order Raises Over KRW 30 Billion in Series B, Valued at KRW 300 Billion, Expanding Globally 
• MedInTech Secures 20 billion KRW Series B Investment for Innovative Medical Endoscope 
• NARA SPACE Secures Series B Funding, Plans IPO and Expands Microsatellite Operations 
• December & Company Boosts Fint AI Robo-Advisor with Significant New Investment 
• Datarize Raises 15 Billion KRW in SeriesB Funding for CRM Marketing Services
• Aiz Entertainment Secures KRW 6 B in Funding for AI-Based Content Development  
• ‘AeiROBOT’ Secures 3.5 Billion KRW to Advance Humanoid Robotics Technology