Startup investment in August reaches 656.9 billion won... stays in the 600 billion won range for two consecutive months
Summary
South Korea’s startup and SME investment market recorded 78 deals worth 656.9 billion won in August. The total stayed below 700 billion won for the second straight month after three months above 1 trillion won earlier in the year. Cumulative investment through August reached 9.2673 trillion won, which puts the market on track to exceed 10 trillion won for the first time since 2022. Large rounds went to companies across K-beauty, AI, robotics, batteries, aerospace materials, and small satellite technology, with notable financings for Wrtn Technologies, Blue Elephant, Cosmos Lab, and Liner. The article highlights strong investor interest in AI and export-oriented consumer brands, along with active private equity participation in K-beauty.
Funding
Amount
$76.9M
Total raised
Date
September 1, 2024
Announcement date
Investors
-
Lead investors
Company
wrtn.io
Funded company
AskAI Classifications
Sectors
Manufacturing Industry
Transportation and Mobility
ERP for Manufacturing
Functions
Internet of Things (IoT) Platforms
General IoT
Developer and IT Infrastructure
Linked Companies
READi Robust Machine
$1M to $5M
Liner
$1M to $5M