[Korean Startup Weekly News #51] Ubix Therapeutics Secures $19.5M Pre-IPO Funding, Expands TPD Drug Pipeline

WOWLetter

[Korean Startup Weekly News #51] Ubix Therapeutics Secures $19.5M Pre-IPO Funding, Expands TPD Drug Pipeline

1/5/2025

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버섯돌이(Taehyun Kim)

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

Headline

Ubix Therapeutics Secures $19.5M Pre-IPO Funding, Expands TPD Drug Pipeline
Ubix Therapeutics, a Korean biotech startup, raised $19.5 million in Pre-IPO funding to advance its TPD drug pipeline, global clinical trials, and commercialization, targeting an IPO in late 2025.

Latest Funding News

Check out the latest funding news for Korean startups

Imagoworks Gains $17.8M Investment to Scale AI Dental Solutions and U.S. Expansion
Imagoworks raised $17.8M (KRW 23B) in Series C funding to expand its global AI dentistry solutions, strengthen U.S. operations, and develop its AOX dental restoration service and research capabilities.

USIMSA and Superalink Operator Gadget Korea Raises $4.6M to Boost Global Reach
Gadget Korea secured $4.6M Series A funding to enhance its eSIM platforms, USIMSA and Superalink, strengthen domestic market dominance, and accelerate global expansion, aiming for significant growth by 2025.

Graphy Secures USD 3.8 million Pre-IPO Funding to Boost Global Expansion and Innovation
Graphy secured USD 3.8 million in pre-IPO funding to advance its 3D printing innovations, expand globally with U.S. and China subsidiaries, and lead the orthodontic market with the Shape Memory Aligner.

Mobiltech Secures $2.3M from CJ Investment, Strengthening Position in LiDAR and Digital Twins
Mobiltech secured $2.3M (KRW 3B) funding from CJ Investment, aiming to enhance its global presence, advance LiDAR and digital twin technologies, and accelerate preparations for its KOSDAQ IPO.

Munice Secures Pre-Series A2 Funding to Expand Nightly Sleep App Globally
Munice secured KRW 2.2 billion in Pre-Series A2 funding to expand its neuroscience-based sleep app, Nightly, globally. The app serves 700,000 users and leads Korea’s sleep tech market.

PG Ventures Invests in PNK Art and Barim to Support Art and Traditional Culture
PG Ventures invested in PNK Art and Barim, supporting innovative approaches to art and traditional culture, fostering global expansion, and bridging creativity with the public through open innovation and investment.

CompanyA Backs Motnanymarket’s Vision to Transform Agriculture with Direct Trade Platform
Motnanymarket, a Korean agtech startup, secured seed funding to expand its platform, promoting sustainable agriculture by connecting consumers with imperfect but quality produce and supporting farmers.

Rollingseeds Secures Investment and TIPS Selection, Expanding Global Edutainment Market
Rollingseeds secured investment and TIPS funding to expand its edutainment platform globally, targeting the underdeveloped market for children under 8 with innovative content and hardware integration.

Hummingbirds Secures Seed Funding for Babywhale, Revolutionizing Business Communication
Hummingbirds, creator of Babywhale, secured funding from Primer. The Slack-based SaaS enhances culture and communication efficiency, showing growth and winning awards for its innovative tools like BulkSend.

MAZE Secures Seed Bridge Investment from WOW Partners for Its Vision AI Innovation
Vision AI startup MAZE secured seed bridge funding from WOW Partners, enabling cost-effective offline CRM analytics without storing video footage, with applications in private and public sectors.

SOULX Secures Seed Funding from Jeju CCEI and MYSC to Empower XR Creators
SOULX secured seed funding from Jeju CCEI and MYSC to advance its AI-powered XR solutions, enabling creators to produce high-quality content while reducing costs and expanding the content creation market.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] Deepvisions: Revolutionizing Air Pollution Monitoring with AI-Powered Vision Technology
Deepvisions’ ‘Vision Plus’ uses CCTV to measure particulate matter with 85-90% accuracy, offering a cost-effective, real-time solution for various sectors.

[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.

Others

Five DHP-Backed Digital Healthcare Startups to Showcase Innovations at CES 2025
Five DHP healthcare startups showcase innovative solutions at CES 2025, featuring rehabilitation, fitness tracking, and medical device technologies.

WEFLO Showcases Advanced Aerial Mobility Inspection Solutions at CES 2025
WEFLO presents three innovative aerial inspection solutions at CES 2025, including award-winning drone checker and air taxi inspection system.

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.