Kate Park

The Latest from Kate Park

Kakao Mobility picks up additional $55M funding at over $4.2B valuation 

Kakao Mobility, the South Korea-based mobility as a service (MaaS) startup behind Kakao T, a ride-hailing app, said it has raised an additional $55 million (65 billion won) from strategic investor GS

Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman Sac

Sydney-based quantum sensing startup Q-CTRL raises $25M Series B led by Airbus Ventures

Q-CTRL, a Sydney-based startup that provides quantum control engineering solutions, announced today it has raised a $25 million Series B led by Airbus Ventures with participation from Ridgeline Partne

LG Energy Solution gets Korea Exchange’s nod for planned IPO

LG Energy Solution, the battery unit wholly owned by LG Chem, has received preliminary approval for an initial public offering, the Korea Exchange said in a statement on Tuesday. LG Energy Solution is

Forest bags $8M seed round to acquire Japanese e-commerce brands 

Japan has been the birthplace of traditional arts and crafts since ancient times. Craftmanship, meticulous attention to detail and balance of design and functionality have contributed to creating uniq

Samsung announces new advanced semiconductor site in Taylor, Texas 

Samsung Electronics announced today it has selected a site in Taylor, Texas, to build a new semiconductor wafer fabrication plant that is set to produce advanced logic devices.  The estimated $17 bil

Verbit lands $250M Series E at a $2B valuation to expand its AI-powered transcription platform

Less than six months after raising a $157 million Series D round, AI-powered transcription and captioning platform Verbit announced today it has closed $250 million in a Series E round that values the

Primer Sazze Partners plans to close $127M second fund aimed at South Korean entrepreneurs in 2022

Primer Sazze Partners, a San Jose-based venture capital firm, plans to set up its second fund at $127 million (150 billion won), aiming in the first half of 2022 to invest in startups founded by Korea

Practice Ignition lands $50M to scale globally

Practice ignition, an Australia-based client engagement and commerce platform for professional service businesses, has raised $50 million (65 million AUD) in a Series C round to accelerate its growth

QuEra Computing emerges from stealth with $17M to launch quantum device

QuEra Computing, a Boston-based quantum computer developer, is coming out of stealth mode today with $17 million in funding from Rakuten, Day One Ventures and Frontiers Capital. Angel investors Se

Sleek secures $14M Series A to enhance its corporate service platform

Entrepreneurs and small and medium enterprises (SMEs) often struggle to deal with several siloed functions, such as company secretary, bookkeeping, banking, tax, payroll, employment services, insuranc

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

Kilo, a Vietnamese B2B e-commerce platform for MSMEs, bags $5M pre-Series A

Kilo, a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In Vietnam,

Indonesia’s GoTo Group raises over $1.3B in first pre-IPO close

Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion in the first close of its pre-IPO funding.  The latest round was led by Abu Dhabi Investment Authority (ADIA),

Sandbox VR expands to new locations globally with $37M Series B led by Andreessen Horowitz

After a challenging year for location-based virtual reality startups due to COVID-19, Sandbox VR, a location-based VR startup, is making a comeback with a plan to expand its operations further across

South Korean edtech startup Mathpresso adds Google as an investor

Mathpresso, the Seoul-based edtech company behind QANDA, an AI-based learning app for K-12 students, announced today it has added Google as a new investor. Google’s undisclosed investment is not

South Korean chipmakers will submit semiconductor data to the U.S. by Nov. 8 deadline

South Korean firms Samsung Electronics and SK Hynix will disclose some semiconductor data to the U.S. government, the South Korean Ministry of Economy and Finance said.  According to a statement rele

BTS enters NFT market in joint venture with Upbit

Hybe, the South Korean agency behind K-pop megastar BTS, announced today that it plans to set up a joint venture with Korean crypto exchange Upbit to enter the non-fungible token (NFT) business. Hybe

Femtech startup illumigyn secures $33M to provide women with accessible and affordable medical care

According to World Health Organization, cervical cancer, the fourth most common cancer among women, affected approximately 570,000 women and resulted in about 311,000 deaths in 2018.  A startup call

Korean online payment service Kakao Pay surges nearly 114% on the first day of trading

Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended day one of t
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