[Korean Startup Weekly News #34] Mega Funding Boosts for Korean Tech and Biotech Startups in August 2024
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August 2024: Significant Funding Boosts for South Korean Tech and Biotech Startups
South Korean startups continued to thrive in August 2024. Notable investments included AI, gaming, martech, robotics, biotech, fintech, e-commerce, quantum tech, and entertainment companies.
Korean Government News
Korea Hosts 2024 Fabless Challenge Awards to Strengthen Semiconductor Ecosystem
Korea’s Fabless Challenge Awards 2024 aimed to boost fabless startups by collaborating with major domestic foundries.
Latest Funding News
Check out the latest funding news for Korean startups
VINSSEN Completes KRW 20 Billion Series C, Eyes Global Expansion and 2026 IPO
VINSSEN raises KRW 20B in Series C, boosting R&D for hydrogen fuel cell ships, aiming for global market expansion.
FASSTO Gains KRW 19B in Series D, Advances Global Smart Logistics Strategy
FASSTO secured KRW 19B in Series D funding to strengthen its smart logistics dominance and expand globally, focusing on AI-driven fulfillment services and logistics digital transformation.
CAREDOC and Invesco Unite to Establish ‘Careoperation,’ Setting New Standards in Senior Care
CAREDOC partners with Invesco to launch “Careoperation,” a joint venture aimed at revolutionizing senior housing in Korea, leveraging global expertise and introducing innovative senior care services.
SBVA Joins $46M Series B Funding for AI Search Platform You.com, Led by Georgian
SBVA joined a $46M Series B funding for AI search platform You.com, alongside Georgian, NVIDIA, and Salesforce Ventures. You.com plans to expand in B2C and B2B markets with personalized search features.
Kroma Secures Series A Funding to Expand Layer 2 Blockchain Solutions and Web3 Ecosystem
Kroma, a Korean blockchain provider, secured Series A funding to expand its Layer 2 blockchain infrastructure, enhance Web3 applications, and strengthen global partnerships.
Dosigotgan Gains KRW 2 Billion Investment for Nationwide Growth and New Brand Launch
Korean foodtech startup Dosigotgan secured KRW 2 billion in Series A bridge funding, aiming to expand its premium side dish shops nationwide and launch a second brand, Deli House.
Libertylabs Secures Funding to Convert Succession-Challenged SMEs into Employee-Owned Companies
Libertylabs, a Korean startup, raised funds to acquire SMEs facing succession challenges and transition them into employee-owned companies, aiming to acquire and convert 10,000 companies across Asia.
Yune Secures Pre-Series A Funding to Drive Circular Fashion Innovation
Yune secures Pre-Series A funding to expand its circular fashion solutions, targeting the growing EU Digital Product Passport market
NanoSystems Secures Seed Funding to Drive 3D LiDAR Innovation
NanoSystems secured seed funding from Bluepoint Partners to advance 3D LiDAR tech for industrial safety and robotics.
Naver D2SF Invests in AI Startups Claythis and YesPlz to Lead in 3D Content and Fashion AI
Naver D2SF funds North American AI startups Claythis and YesPlz, focusing on 3D content and fashion AI technologies
SPEX Selected as First Investment by Jeju Early-Stage Startup Fund for Satellite Tech
Korean startup SPEX secured investment from Jeju CCEI and MYSC to develop innovative hyperspectral satellite technology, aiming to revolutionize the global Earth observation data market.
Korean Startup Interview
Meet startups that are striving for global expansion through exclusive interviews
[Korean Startup Interview] KINGO Bio Challenges Global Giants with Innovative Clean Up Beads Solution ‘GraBeads’
KINGO Bio, an ambitious Korean biotech startup, has developed a clean-up bead solution ‘GraBeads,’ enabling the early diagnosis of various diseases. They are now knocking on the door of the global market.
[Korean Startup Interview] OCULIGHT: Shining a Light on Safer, More Accurate Cataract Surgeries
OCULIGHT’s FDA-approved iChopper, paired with the LED-based iVision, aims to reduce complications and patient discomfort during cataract surgeries, while advancing into global markets.
[Korean Startup Interview] MEDI-EYE: Revolutionizing Eye Health with Advanced Light Therapy
Medi-IoT, a Korean medical startup, offers a non-invasive, light-based treatment for dry eyes and macular degeneration, using cutting-edge technology ‘Medi-Eye’.
Korean Venture Capital News
D·camp and TBS Join Forces to Support Korean Startups in Expanding into Japan
D·camp partners with TBS Innovation Partners to help Korean startups in media and content sectors enter the Japanese market, with legal support and PoC assistance for successful commercialization.
Others
SK Telecom and Perplexity Partner to Launch AI Conversational Search in Global Markets
SK Telecom and AI unicorn Perplexity announced a partnership to expand from keyword to AI-powered conversational search, with mutual investments and collaboration on global AI agent services.
KSF to Lead Africa Tech Startup Forum 2024, Expanding Global Ecosystem with COMEUP
KSF will lead the Africa Tech Startup Forum 2024, fostering African startups through training in Korea and expanding global entrepreneurship exchanges, centered around the COMEUP 2024.
Microalgae Ask Us Expands Global Reach with New Export Deals in Vietnam and India
South Korea’s Microalgae Ask Us expands its global reach with export contracts to Vietnam and India for vegan cosmetics.
Pet Healthcare Platform, Fitpet, Signs MOU for Middle East Expansion with Al Fahim Group
Fitpet, a Korean pet healthcare platform, partnered with Al Fahim Group in the UAE. They plan to expand Fitpet’s services to the Middle East, including pet hospitals, insurance, and food.
MORE FROM THE POST
- [Korean Startup Weekly News #42] RideFlux Secures $18.6 Million in Series B to Advance Autonomous Driving Tech
- [Korean Startup Weekly News #41] KPMI Attracts $7.8M Investment to Boost Innovation in High-Performance Composites
- [Korean Startup Weekly News #40] AIGEN Sciences Secures $9 Million to Advance AI-Driven Drug Discovery
- [Korean Startup Weekly News #39] Makestar Raises ₩30B in SeriesD Funding to Fuel Global K-Pop Platform Expansion
- [Korean Startup Weekly News #38] MARQVISiON Raises $16M and Launches AI-Powered IP Protection Platform
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