KOTRA Holds Online Consultation Meeting to Help Domestic Startups Raise Funds

KOTRA held an online "Fundraising Video Consultation" connecting domestic startups and global venture capitalists for one week starting from the 25th. Domestic startups and overseas venture capitalists are having business consultations. (Photo by KOTRA)

[Asia Economy Reporter Jihee Kim] KOTRA announced on the 5th that it held an 'Online Fundraising Video Consultation' connecting domestic startups with global venture capitalists.

The fundraising video consultation, held for a week starting from the 25th, was attended by 55 domestic startups, 30 overseas venture capital (VC) firms, and 11 corporate venture capital (CVC) firms. During the event, 96 consultations took place, discussing fundraising worth $52.95 million.

The consultation included VCs and CVCs from 16 countries such as Singapore’s top four venture capital firm Golden Gate Ventures, France’s biomedical research investment company Eurasante, Canada’s startup-specialized Innovacorp, and Japan’s mobile game company Colopl’s corporate venture capital Colopl Next.

The domestic startup sectors were diverse, including AI-based healthcare, social venture-type remote education, 3D electronic maps, and augmented reality experiential shopping. Choi Sang, CEO of Cookielangs, which developed an AI-based English conversation app, said, “Video consultations without time and space constraints are efficient as an initial fundraising method,” adding, “It was a great opportunity to meet influential overseas companies.”

KOTRA plans to hold business consultations connecting global venture capitalists and domestic startups again in the second half of the year.

This content was produced with the assistance of AI translation services.