KKday, an Asian travel-experience platform, raised US$10.5m in funding.
Bespin Global, a Seoul, South Korea, and Shanghai and Beijing, China-based cloud management company, closed US$27m funding round.
Since the introduction of Bitcoin, South Korea has been in the forefront trading it. The country is one of the best-wired societies in the world and enjoys blazing-fast internet speeds. This has played a major role in making South Korea a hotbed of cryptocurrency.
SendBird, a Redwood City, CA-based global provider of chat API and messaging SDK for in-app chat and messaging, raised $16m in Series A funding.
Minkonet, a Seoul, South Korea and Los Angeles, CA-based gaming technology company, closed a $1m Pre-Series A funding round.
Baum, a Seoul, South Korea-based provider of solutions to optimize the power and energy efficiency of semiconductor designs, closed a Series A funding of undisclosed amount.
SparkLabs Group, a network of accelerators and venture capital funds, has launched a new $100m early-stage fund.
IICombined, the Seoul, Korea-based owner and operator of Gentle Monster, a global eyewear designer brand, received an investment of undisclosed amount.
Weekly Shirts, a Seoul, South Korea-based shirt rental service for men, raised $5m in seed funding.
SparkLabs Group, a network of accelerators and funds, is launching SparkLabs Ventures, a $50m early-stage venture capital fund (Series A & B) primarily focused on South Korea.
Bespin Global, a Seoul, South Korea- and Beijing, China-based cloud IT solutions company, completed a $15m Series A round of financing.
Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. (Nasdaq:AMAT), and and Korea Venture Investment Corporation have established a fund targeting Korean technology startups across a broad range of industries.
NFPNoble Four Partners (NFP), an established investor and operator based in New York, today announced a separate account equity commitment from Kanglim Co., Ltd (Kanglim), an operating company based in Seoul, South Korea for $150 million, resulting in total estimated acquisition capacity of $500m.
Orum Therapeutics, a Daejeon, South Korea-based private biotech company creating novel therapeutics, completed an $8m Series A financing.
Highland Capital Management Korea Ltd., an affiliate of Dallas-based alternative investment management firm Highland Capital Management, L.P., closed a healthcare-focused private equity fund, with approximately $147 million of total capital commitments.