April 27, 2024
Market Now
Startup accelerator Future Play raises W10b for business expansion
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Ryu Jung-hee, founder and CEO of Future Play, talks during a press conference on May 11, 2021. (Future Play) |
Future Play, a South Korea-based accelerator, said on May 11 that it has raised 10 billion won ($8.9 million) in the latest funding which will spur its business expansion.
Its Series B funding drew investment from LG International, DB Financial Investment, Prophet Asset Management, Futura, Data Solution and Hashed, said the company’s CEO and founder Ryu Jung-hee.
The company plans to enter Indonesia later this month and introduce FuturePlace.AI, an online platform to provide tailor-made resources for startups and individuals within the second half next year, the CEO said.
Founded in 2013, Future Play has invested 44 billion won in 157 companies in and out of the country as of March. Some 20 percent of its investment went to startups overseas.
By Park Ga-young (gypark@heraldcorp.com)
