Golden Gate Ventures, a venture capital firm in Southeast Asia, and Hanwha Asset Management, a global asset manager headquartered in Seoul, Korea, have teamed up to invest together in Southeast Asia’s “Series B” stage startups.
Terra, a Singapore and Korea-based blockchain powered fintech company that is building an innovative payment system, received a strategic investment from Kakao Ventures, the early-stage venture capital and independent subsidiary of South Korea’s internet giant, Kakao.
SoftBank Ventures Asia, a Seoul, South Korea-based early-stage investment vehicle of the SoftBank Group, hired Seung Lee as a chief financial officer.
Madup, a Seoul, South Korea-based ad-tech based mobile marketing company, secured 13.4 billion KRW Series B funding.
Medi Futures, a Seoul, South Korea-based biomedical ultrasound company raised US$5M in funding through common stocks.
South Korean automaker Hyundai Motor signed a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to jointly establish a “Hydrogen Energy Fund”.
Looxid Labs, a Seoul, South Korea-based emotion AL startup, secured $4m in Series A funding.
LetinAR, a Seoul, South Korea-based startup developing a new optical solution for augmented reality (AR) smart glasses, raised $3.6m in Series A funding.
Classting, a Korean K-12 education social platform, raised approx. $4m in venture capital funding.
Temco, a Seoul, Korea-based startup preparing supply chain based on bitcoin (RSK), secured an institutional investment from Korea Investment Partners.
Muzika, a Seoul, South Korea-based blockchain digital music project, received an investment from Singapore-based NEO Global Capital *.
Cocos-BCX, a blockchain game development platform created by the founding team of Cocos2D-x, an open-source game development platform, raised $40m in financing.
Insignary, a Seoul, Korea-based provider of binary code scanning leader, received an investment of undisclosed amount.
Zepl, a Mountain View, CA-based collaboration platform built for data science teams by the creators of Apache Zeppelin, raised $5m in funding.
Studio XID, the Seoul, South Korea—based company behind ProtoPie, an interactive prototyping tool for digital product designers to turn their design ideas into prototypes, raised $3.5M in Series A funding.