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Meet Seoul-based accelerator SparkLabs’ 19th batch of startups 

SparkLabs Korea, a Seoul-based seed to early-stage accelerator, held a demo Day on Thursday for its 19th cohort of companies. The latest demo day marks its tenth year after SparkLabs launched its acce

Volocopter raises $170M, now valued at $1.87B, to fuel first commercial launches of flying taxi fleet in 2024

Volocopter, the startup out of southern Germany (Bruchsal) that has been developing electric VTOL (vertical takeoff and landing) aircraft and a business model for operating them in taxi-style fleets i

Korean proptech startup Rsquare raises $72M Series C to fuel its expansion

The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fees and comple

igniteXL Ventures closes debut fund to target ‘$5T oversight’ in beauty, wellness

General Partner Claire Chang’s plan is to deploy capital into 30 new investments and keep some back for follow-on investments.

Match Group details plans for a dating ‘metaverse,’ Tinder’s virtual goods-based economy

Tinder has already undergone a big revamp with its recent launch of “Explore,” a new section inside the app that will enable more interactive experiences, including the second “Swipe

SoftBank leads $15M round for China’s industrial robot maker Youibot

SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched c

GM, LG Chem studying the feasibility of a second battery cell plant in the US

General Motors is exploring building a second U.S. battery cell manufacturing plant with its joint-venture partner, Seoul, South Korea-based LG Chem. If the plant moves forward, it would be the latest

Tencent leads $100M Series B funding round into China-based esport provider VSPN

Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised wha

South Korean startup Cochlear.ai raises $2 million Series A to detect the sounds missed by speech recognition

Sit quietly for a moment and pay attention to the different sounds around you. You might hear appliances beeping, cars honking, a dog barking, someone sneezing. These are all noises Cochlear.ai, a Seo

Google Cloud announces four new regions as it expands its global footprint

Google Cloud today announced its plans to open four new data center regions. These regions will be in Delhi (India), Doha (Qatar), Melbourne (Australia) and Toronto (Canada) and bring Google Clou

Sendbird’s messaging platform gets new moderation tools, full-text search and more

Sendbird is announcing a major update to its chat API for web and mobile today. With this, Sendbird is adding numerous new features to its service that will make it easier for its customers to moderat

Snap accelerator names its latest cohort

Yellow, the accelerator program launched by Snap in 2018, has selected ten companies to join its latest cohort. The new batch of startups coming from across the U.S. and international cities like Lond

Google Cloud opens its Seoul region

Google Cloud today announced that its new Seoul region, its first in Korea, is now open for business. The region, which it first talked about last April, will feature three availability zones and supp

Los Angeles’ AmazeVR raises more cash, heads to Incheon for first location-based VR installation

AmazeVR, the Los Angeles-based virtual reality entertainment distribution service, is taking its first steps into the world of location-based virtual reality experiences with an installation in Seoul&

Hyundai and Seoul set to test self-driving cars on city roads starting next month

Hyundai has signed a memorandum of understanding (MOU) with the city of Seoul to begin testing six autonomous vehicles on roads in the Gangnam district beginning next month, BusinessKorea reports. The

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series D round

Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The company announced the round in Apr

Xprize names two grand prize winners in $15 million Global Learning Challenge

Xprize, the nonprofit organization developing and managing competitions to find solutions to social challenges, has named two grand prize winners in the Elon Musk-backed Global Learning Xprize. The co

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has its fourth unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new rou

Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment veh

Korean AI startup Skelter Labs lands strategic investment to expand to Southeast Asia

Korean AI startup Skelter Labs is expanding to Southeast Asia after it pulled in undisclosed funding from Singapore-based VC firm Golden Gate Ventures. Skelter Labs was founded in 2015 by founded by
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