[Korean Startup Weekly News #33] Holiday Robotics Secures $13M in Seed Funding for Humanoid Robot

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Headline

Holiday Robotics Secures KRW 17.5 Billion in Seed Funding for Humanoid Robot Development Holiday Robotics , a Korean robot startup, raised KRW 17.5 billion in seed funding from Stonebridge Ventures and others.? The company develops humanoid robots for various industries.

Korean Government News

MSS's Major Move in Singapore: $270M Fund to Boost Korean Startups Globally The Ministry of SMEs and Startups (MSS) in Korea launched a $270 million global fund at 'K-Innovation Day in Singapore', aiming to boost Korean startups' global expansion.

K-Innovation Delegation in Vietnam: A Strategic Move to Expand Korean Innovative SMEs MSS of Korea dispatched the K-Innovation Delegation to Vietnam to promote innovative SMEs and startups globally, involving tech showcases and strategic collaborations with local entities and government officials.

Latest Funding News

Check out the latest funding news for Korean startups

BaroPharm Secures ?15B Pre-IPO Funding to Boost Pharmacy Platform ??? (BaroPharm) secures ?15B ($11.2M) in pre-IPO funding, plans to accelerate growth in South Korea's pharmacy management market.

Korean Quantum Leader SDT Lands ?10 Billion Pre-IPO Funding South Korea's SDT secured a ?10 billion Pre-IPO investment from Shinhan to accelerate quantum computing commercialization efforts.

VUS Secures KRW 2.8 Billion Pre-Series A Funding to Expand Waste Management Solution VUS secured KRW 2.8 billion in pre-Series A funding to enhance its waste management solution "Mango" and drive digital transformation in Korea’s waste industry.

Nomadher Lands KRW 1 Billion to Grow Global Female Traveler Platform and Community NomadHer , a platform for female travelers, raised KRW 1 billion to enhance community growth, secure partnerships, and expand its marketplace, supporting safe travel for women worldwide.

Bigtorage Secures Pre-Series A Funding for Small-Capacity ESS Expansion and Global Growth BIGTORAGE Corp , a Korean energy startup, secured pre-Series A funding from Bluepoint Partners to expand its small-capacity ESS technology globally, focusing on markets like Vietnam and Australia.

TRIPSODA Secures Bridge Investment from KAIST Venture to Expand Adventure Brands TRIPSODA Inc. , a fast-growing Korean travel startup, secured bridge funding from KAIST Venture Investment, aiming to expand its adventure travel products and build a stronger market presence.

FVC Invests in Catius, Strengthens Cross-Border Startup Collaborations Farquhar VC (FVC) invests in Catius Inc., a Korean EdTech AI startup. New partnerships aim to support cross-border growth, with further plans to back high-growth Korean startups.?

Quazar Secures Seed Funding to Expand AI-Powered Luxury Authentication Quazar, a Korean AI startup for authenticating luxury goods, secured seed funding from Incheon CCEI and Newborn Ventures to expand globally.

PETABREW Secures Seed Funding for Eco-Friendly Radar-Based Sensors PETABREW, specializing in radar sensors, gains seed investment from HYU Holdings and enters TIPS. It’s developed cost-effective LNG level transmitters for eco-friendly energy.

Outcome Secures funding from The Ventures for AI-Powered B2B Lead Generation Outcome, a B2B lead generation AI tool, secured investment from The Ventures. Outcome uses AI to identify potential customers and send personalized messages. It has shown impressive results in improving lead generation for B2B sales.

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] KINGO Bio Challenges Global Giants with Innovative Clean Up Beads Solution ‘GraBeads’ KingoBio Inc. , an ambitious Korean biotech startup, has developed a clean-up bead solution 'GraBeads,' enabling the early diagnosis of various diseases. They are now knocking on the door of the global market.

[Korean Startup Interview] OCULIGHT: Shining a Light on Safer, More Accurate Cataract Surgeries Oculight Co., Ltd 's FDA-approved iChopper, paired with the LED-based iVision, aims to reduce complications and patient discomfort during cataract surgeries, while advancing into global markets.

[Korean Startup Interview] MEDI-EYE: Revolutionizing Eye Health with Advanced Light Therapy Medi-IoT, a Korean medical startup, offers a non-invasive, light-based treatment for dry eyes and macular degeneration, using cutting-edge technology ‘Medi-Eye’.

Others

Forbes Asia Names Seven Korean Startups in 2024 '100 to Watch' List Seven Korean companies were recognized in Forbes Asia's 2024 "100 to Watch" list for their innovative solutions in areas like autonomous robots, AI-driven e-commerce, logistics management, and senior care.

ABLY's Transaction Volume Surpasses 740 Million USD in the First Half of 2024 ????(ABLY Corporation) , a Korean ecommerce platform, recorded a transaction volume exceeding KRW 1 trillion in H1, aiming for KRW 2 trillion yearly as it leads in women’s fashion and expands in men’s and global markets.

NeuroXT Strengthens the Partnership with Harvard Medical School's BIDMC for Alzheimer's Research NeuroXT, a Korean biotech startup, partnered with BIDMC to develop an AI tool that predicts Alzheimer’s treatment effectiveness using brain scans. The goal is to create personalized treatment guidelines for patients.