April Startup Investment Amount 263.9 Billion Won... Cold Start to Q2

Startup Alliance April Investment Report
Investment Amount of 263.9 Billion KRW, Down 23% from Previous Month
Decreased by 78% Compared to Previous Year

The 'investment chill' for startups continues into the second quarter.

The public-private joint network Startup Alliance released the 'April 2023 Startup Investment Report' on the 13th. The total number of investments was 90, with an investment amount of 263.9 billion KRW. Compared to the same period last year, this represents a 78% decrease. Compared to March (342.7 billion KRW), it decreased by 23%. This is the second lowest amount this year, following January (257.9 billion KRW).

Breaking down by investment amount, there were 2 investments over 30 billion KRW, 6 investments over 10 billion KRW, 30 investments over 1 billion KRW, and 52 investments under 1 billion KRW or undisclosed. ProgreenTech attracted the largest amount, raising 36.2 billion KRW.

By sector, the 'Healthcare' field saw the most active investments. The total investment amount in this sector was 67.6 billion KRW, with 14 investment deals. Notable investments included Nudge Healthcare and Coreline Soft (10.6 billion KRW), CareDoc (9 billion KRW), G2E (8.5 billion KRW), and Rapydine (7.8 billion KRW), each securing investments around the 30 billion KRW scale.

There were three mergers and acquisitions (M&A) last month. Digital advertising startup 'Remake Digital' was acquired by game company Neptune, and billiards specialist 'Five and Six' was acquired by AfreecaTV. Atomos, the operator of the mental care platform Mind Cafe, acquired 'Maum Sueop,' the operator of the meditation app Elephant.

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