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• Period : 16 DEC. ~ 22 DEC., 2024

Catch up on last week’s top stories from the startup ecosystem in the Korean Startup Weekly News.

Headline

CLO Virtual Fashion Raises $36M to Revolutionize the Digital Apparel Industry
With a new $36.1M investment, CLO Virtual Fashion aims to redefine apparel production globally

Latest Funding News

Check out the latest funding news for Korean startups

GoleRobotics Attracts $4.2 Million Investment for Innovative Construction Robots
GoleRobotics raises $4.2 million in pre-Series A funding led by SBVA and others, planning to expand smart construction tech and autonomous robots.

AM Management Secures Series A Funding to Expand Quant-Based Digital Asset Solutions Globally
AM Management, a leader in quant-based digital asset solutions in Korea, has raised Series A funding from J-CAM to expand globally and develop its innovative financial products.

Revation Secures Pre-Series A Bridge Funding to Enhance Eco-Friendly Packaging Solutions
With new funding, Revation to enhance its RESTUDIO platform, aiming for global leadership in sustainable packaging.

TRIPSODA Secures SAFE Investment from CNTTech, Total Funding Exceeds $1.05M
TRIPSODA secured additional SAFE investment, raising total funding to over KRW 1.4 billion ($1.05M). The travel-tech company plans to maintain rapid growth, targeting a threefold increase next year.

Mediqstar Secures Investment to Propel Global Expansion of Tuberculosis Diagnostics
With new funding from Genaxis, Mediqstar is set to revolutionize tuberculosis diagnostics and CRO processes through generative AI technology.

ControlM Expands AI-Powered F&B Solutions with Seed Funding from MYSC and Translink
ControlM, a Korean foodtech startup, secured seed funding to enhance AI solutions for F&B businesses, addressing store closures and targeting domestic and global markets.

NEWKids Investment Backs ‘The Beans’, Driving Growth in Food Market and Export Goals
The Beans (Bean Crunchy), a Korean foodtech company, secured seed funding from Newkids Investment, leveraging 300% sales growth and export plans to Southeast Asia and China for further expansion. 

Moneyguard Service Secures CNTTech Investment, Plans Global Expansion
Moneyguard Service, a Korean fintech firm, secured investment from CNTTech. The company plans to enhance services, develop new features, and accelerate global market expansion.

GEOGRID Secures MYSC Investment to Expand BLOS Water Purification Globally
GEOGRID, a Korean startup specializing in building-scale water purification, secured investment from MYSC to expand its BLOS solution globally.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] From Text to CAD: How Herewe’s EaseAI Is Revolutionizing Product Design
Herewe’s EaseAI revolutionizes manufacturing by swiftly converting text or sketches into CAD designs. Backed by major clients and global investors, the company is expanding into the U.S. market.

[Korean Startup Interview] How Codepresso Is Shaping the Future of HR SaaS and Developer Recruitment
Codepresso aims to revolutionize the developer recruitment market with its cutting-edge HR SaaS platform, expanding services globally.

• [Korean Startup Interview] IPIN LABS, “Challenging the Global Market with Strong Indoor Positioning Technology”
• [Korean Startup Interview] Dtonic, “Tonic Data to Recreate High Value… Targeting Over $25 Million in Revenue This Year”
• [Korean Startup Interview] HYUNSUNG, “Revolutionizing Global Logistics with Smart Labels and AI-Powered Platforms” 

Korean Venture Capital News

Others

DEEPX to Showcase AI Semiconductor Breakthrough at CES 2025
DEEPX to showcase AI semiconductor mass production success at CES 2025, highlighting collaborations with global tech leaders in robotics, smart cities, industrial PCs, and AI-driven systems.

Thermo Lab Korea Establishes Joint Venture in China for Sustainable Packaging
Thermo Lab Korea formed a joint venture in China to expand eco-friendly packaging production, targeting Asia’s growing market amid stricter environmental regulations.

GoPizza Achieves Global Milestone with Over 1,200 Outlets and $32 Million Revenue
With innovative technologies like GOVEN and AI STT, GoPizza has revolutionized fast food, expanding rapidly in markets like India and Singapore.

Menlo Ventures Announces First Cohort of AI Startups for $100 Million Anthology Fund
The Anthology Fund selects 18 diverse AI-driven companies, focusing on sectors from healthcare to security, to accelerate AI-first innovation.

MVITRO Named Featured Exhibitor at CES 2025 for Painless Laser Blood Sampling Device
MVITRO’s laser-based glucose monitor ORTIV, recently FDA-approved, earned “Featured Exhibitor” status at CES 2025, boosting global sales prospects.

Below are interviews with ten startups participating in the ‘K-Startup Grand Challenge,’ a program designed to assist international startups in entering the Korean market.

• [KSGC Interview] 24TTL Korea, “Transforming E-Commerce Experiences in a Competitive Market”
• [KSGC Interview] Jaggle.AI: An Ambitious Startup from Bhutan Setting Its Sights on Asia, Especially Korea
• [KSGC Interview] Lumitics Targets Korean Market with AI-Driven Food Waste Reduction Technology
• [KSGC Interview] OneDegree Global : ‘Bringing Cutting-Edge AI Security and Insurtech Solutions to Korea’
• [KSGC Interview] Greyd, “Bridging Korean SMEs to Global Markets Through Innovative Video Review Campaigns”
• [KSGC Interview] Amatelus’ SwipeVideo: “Revolutionizing Personalized Video Viewing Experiences”
• [KSGC Interview] Pettinee Brings Telemedicine Innovation to Korea’s Growing Pet Care Market
• [KSGC Interview] YJ Electric: “Transforming Agriculture with Smart Farms in the Korean Market”
• [KSGC Interview] Nanodropper, “Tiny Drops, Big Vision. Revolutionizing Eye Care with Precision Micro-Droplet Technology”
• [KSGC Interview] MONA Bridges Businesses and Communities for Sustainable Impact in Korea