Korean travel-tech company TRIPSODA, which operates a travel platform, has received additional SAFE (Simple Agreement for Future Equity) investment from CNTTech. With this funding, TRIPSODA’s total private investment has surpassed KRW 1.4 billion (approximately $1.05 million).

A SAFE investment is a funding method where the company’s valuation is determined during a future funding round, at which point new shares are allocated to the investor.

Jeon Hwa-sung, CEO of CNTTech, commented, “TRIPSODA is breaking new ground in the adventure travel market by consistently connecting travel communities with commerce. This investment reflects CNTTech’s philosophy of supporting high-potential startups, even in challenging investment climates.”

Cho Won-il, CEO of TRIPSODA, stated, “Amid the current startup winter, we secured additional funding to maintain our rapid growth. Next year, we aim to achieve growth exceeding three times that of this year.”