Here’s the latest installment of our country-by-country top-funded startups series – South Korea.
Our newest infographic shows South Korea’s 15 top-funded startups as they stand at present, along with a few of the biggest-name VCs to have backed them. Ecommerce is the most represented category on the list, highlighting that new, homegrown tech firms are still fighting hard in this well-developed and mature market up against the nation’s web giants (Naver and Daum) and in the face of older sites like eBay-owned Gmarket. Coupang is the biggest of the ecommerce startup bunch, having netted a total of US$400 million in funding.
Rumors keep circulating that Softbank might be about to throw a huge amount of cash at Coupang, but we’ve verified with the Japanese firm that nothing is confirmed at this stage.
Memebox is another etailing trooper that’s evolved from its original monthly subscription model to become an all-round make-up and skincare ecommerce store.
Our infographic focuses on independent startups, so it doesn’t show Korea’s fastest growing tech company of the past few years, KakaoTalk, as the chat app company was snapped up by web media giant Daum last October.
Read more about the Korean startups on the list
- Ybrain gets $3.5M funding to make wearable tech that tackles Alzheimer’s disease
- Korean ecommerce site Coupang raises $300M just months after last funding round
- Korean ride sharing service Socar lands $18M investment
- Fresh off its latest funding boost, Korea-based couples app Between sets up shop in Taiwan
- Korean startup gobbler Yello Mobile acquires 5 travel apps
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