Kate Park

The Latest from Kate Park

Seadronix aims to reduce marine accidents at port and sea with AI

South Korean startup Seadronix wants to reduce the issue of marine accidents, 75% of which are caused by human error, according to a 2019 Allianz safety and shipping report. The company just secured a

South Korea’s OHouse lands $182M to add AR to home improvement app

During the worst days of the pandemic, when people were stuck at home and starving for some form of entertainment beyond streaming yet another TV series, many turned to DIY home improvement projects.

AccelByte, a backend services platform for game developers, raises $60M led by SoftBank Vision Fund 2

AccelByte, a platform that helps game creators build backend services and tools, has raised $60 million in Series B led by SoftBank Vision Fund 2, with participation from Sony Interactive Entertainmen

South Korea’s RECON Labs raises $4.4M to help shoppers visualize products by creating 3D models in AR   

Augmented reality (AR) can help customers shopping online preview products before making a purchase, and is a growing area of investment for e-commerce businesses. According to a recent survey of 16,0

Glorang scores $10M Series A to expand its edtech marketplace across Asia 

Glorang, a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Seri

Sumutasu secures $10M to digitize Japan’s real estate market

Sumutasu, a Tokyo-based proptech startup that offers a direct online real estate purchase service, has secured $8.2 million in equity and $1.6 million in debt. The company has raised a total of $16 mi

MassMutual Ventures closes $300M fund to back Asia and Europe startups

  MassMutual Ventures (MMV) has launched a $300 million new fund to back early-stage companies in Asia and Europe. The MMV Asia and Europe team’s third vehicle will invest in startups across di

Elon Musk’s The Boring Company to take on hyperloop project

Elon Musk said Sunday via Twitter that his tunnel-building-for-urban-transport business The Boring Company will attempt to build a high-speed, and still theoretical, hyperloop in the coming years. In

CellMEAT, a South Korean lab-grown shrimp producer, bags $8.1M Series A funding  

As consumers’ interest in the environment and nutrition rises, food-tech companies join the race to invent meat alternatives. In 2021, alternative seafood companies received $175 million in investme

Japanese insurance company Tokio Marine launches CVC fund to back early-stage startups 

Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage

Tokyo-based Luup to more than double shared e-scooters, e-bikes

Shared micromobility company Luup has raised $8 million (1 billion yen) in debt and asset financing to meet the growing demands of Japan’s micromobility market, which according to a recent repor

Peeba raises $4.2M to digitize Asia’s B2B wholesale market  

Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns.

Samsung’s upcoming Q1 earnings top estimates on solid chip demand 

Samsung Electronics released Thursday its preliminary earnings for the first quarter of 2022.  The company said it forecasts to report consolidated revenue of $63.1 billion (77 trillion KRW) and an

Wholesum raises $50M Series A to roll up third-party sellers on e-commerce platforms

As the boom of the e-commerce aggregator trend continues in Asia, South Korea, the fifth-largest e-commerce market in the world, is rolling up. Wholesum, a Seoul-based e-commerce aggregator, is jumpin

Gumi Cryptos Capital closes $110M second fund to back blockchain startups 

San Francisco- and Tokyo-headquartered gumi Cryptos Capital (gCC), a venture capital firm that focuses on blockchain startups, said it has launched a new $110 million early-stage fund. The venture cap

Yami bags $50M Series B to boost its online Asian marketplace 

When Alex Zhou moved to the Midwest for college in 2007, he had limited access to Asian groceries and products. Zhou had to drive two hours to purchase his favorite Asian products at the nearest loca

India dominates Y Combinator’s latest startup batch (again)

Yet again, India is the most represented country, outside of the United States, within the latest Y Combinator accelerator batch: the Winter 2022 cohort sports 32 startups hailing from Gurugram, Benga

Kaiyo gets $36M Series B for its secondhand furniture marketplace

Furniture is one of the largest waste categories in the U.S., generating more than 12 million tons of waste in landfills every year, according to 2018 data by the Environmental Protection Agency. Kai

Australian fintech Zepto raises $25M AUD Series A to enhance payment infrastructure

Zepto, an Australian real-time account-to-account (A2A) merchant payments platform, said Monday it raised a $25 million AUD Series A (about $18.8 million USD) co-led by AirTree Ventures and Decade Par

Samsara Eco wants to help end global plastic crisis with enzyme-based technology

Global plastic use is expected to double by 2040, with most plastic sent to landfills and only 13% recycled. According to CIEL (Center for International Environmental Law), plastic production and inc
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