[Korean Startup Weekly News #103] Korea Commits $1.5B to Fund-of-Funds, Targeting $3B in Total Venture Capital

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

Headline

Korea Commits $1.5B to Fund-of-Funds, Targeting $3B in Total Venture Capital 
Korea launches $3B fund-of-funds initiative targeting AI unicorns, regional innovation, and startup ecosystem growth, with $9B Next Unicorn Project at its core.

Latest Funding News

Check out the latest funding news for Korean startups 

Innoxus Secures $9.6M Series A to Expand Global Aesthetic Medical Device Market
Korean aesthetic medical device startup Innoxus raises $9.6M Series A led by Altos Ventures. The company’s Alltite device applies cancer treatment tech to pain-free facial lifting, with 200+ units sold in 10 months across Japan, Hong Kong, and Brazil.

ANIAI Raises $4M Pre-Series A to Accelerate Robotic Kitchen Market Expansion in US
Korean robotic kitchen startup ANIAI secures $4M pre-Series A from Korea Development Bank to accelerate US market expansion. Total funding reaches $19M. Alpha Grill cooking robots now operating in NYC restaurants with global fast-food pilot tests underway.

Restaurant AI Startup ‘Lemong’ Raises $680K to Enhance AI Agentic Marketing Platform ‘Bizmong’
Korean restaurant AI startup Lemong raises $680K pre-Series A from D.CAMP and Bluepoint Partners to scale its marketing automation platform. The profitable company serves 15,000+ restaurants and major chains like Lotteria and Pizza Hut.

AI Fact-Checking Startup Fatagora Secures Strategic Investment, Joins Global TIPS Program
Korean AI fact-checking startup Fatagora secures strategic funding from Gyeonggi CCEI, Asia2G Capital & Plug and Play, lands Global TIPS spot.

Bluepoint and POSCO Launch Enforus to Commercialize Advanced Hydrogen Technology
Bluepoint Partners and POSCO Holdings launch Enforus, combining world-class SOEC hydrogen technology with startup agility to accelerate carbon neutrality solutions.

Defense and Manufacturing Data Integration ‘Morph Systems’ Secures Pre-Seed Funding
Morph Systems secures pre-seed funding from Mashup Ventures and 500 Global for its enterprise AI platform serving U.S. defense and manufacturing sectors.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] UBITAS Biotech: Pioneering Next-Generation Protein Degradation Technology to Transform Cancer Treatment
UBITAS Biotech is pioneering Protea-Tac, a first-in-class protein degradation platform that eliminates disease-causing proteins without ubiquitin, achieving proven anti-cancer results.

[Korean Startup Interview] BioArchers: Revolutionizing Oral Drug Delivery with NanoLink™ Platform Technology
BioArchers develops NanoLink™, an oral drug delivery platform using mesoporous silica nanoparticles to transform injectable peptide drugs like GLP-1 into once-weekly oral treatments with dramatically improved bioavailability.

Others

Autonomous A2Z Ranks 7th Globally in Guidehouse’s 2025 Automated Driving Leaderboard
Korean autonomous driving startup Autonomous A2Z hits 7th place in Guidehouse’s 2025 global rankings—its best showing yet and the highest ever for a Korean firm.

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