Investment in Startups Reaches 124.7B Won in August, Up 65% from Year Before

According to Platum on September 16, 23 investment cases (three cases did not reveal investment figures) were recorded and the amount of the investments arrived at 124.7 billion won (US$108 million) in total in August. The figure is the highest monthly investment of this year. Memebox, a beauty start-up, induced the largest investment figure. The company attracted about 73 billion won (US$63 million) from the Formation Group and Good Water Capital, which are global venture capital companies. Memebox announced that the company will focus on investing in mobile technology, data infrastructure and global networks based on these investments. The start-up officially revealed that they attracted a total of US$100 million in total.  Minds Lab, an artificial intelligence-specialized start-up, received a total of 7 billion won (US$6 million) in investment from the…


Link to Full Article: Investment in Startups Reaches 124.7B Won in August, Up 65% from Year Before