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South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, with plans to use the proceeds to build a human cloud service that will provide companies with necessary human resources.
Participants of the Series C round included newcomers Company K Partners, Premier Partners and Korea Development Bank alongside previous investors such as Intervest and Mirae Asset Venture Investment. So far, Kmong has accumulated 48 billion won in total funding. Kmong has focused on the talent market for a long time and led a paradigm shift in how we work. We decided to invest given the company s strong potential to grow as a leading business platform in the domestic market, said Byun Joon-young, the director at Company K Ventures, which contributed to the recent Series C funding.
‘What we need today is smart capital rather than just capital’ 25 quotes from Investor Summit 2021
From market trends to investor dynamics, these quotes from YourStory’s Investor Summit 2021 capture a wealth of insights for founders.
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StoryBites is a weekly feature from
YourStory, featuring notable quotable quotes in our articles of this past week. This special compilation of quotes is divided into five categories:
Market trends, Corporate engagement, Revenues & profits, Fundraising, and The India opportunity.
Market trends
We are back to pre-COVID levels. There’s no slowdown in terms of companies getting funded or entrepreneurs starting up. - Amit Somani, Prime Ventures
| 08 April 2021
Enabling it to accelerate the growth of its video data platform and develop API tools for video-level data targeting for connected TV (CTV) and online video, IRIS.TV has completed an $18 million Series B funding round.
Intel Capital led the round on funding into the video data platform specialist, with participation from investors including WISE Ventures, Quest Venture Partners, and Mirae Asset Venture Investment. The round also included Mike Baker, founder and CEO of dataxu (acquired by Roku in 2019), Mike Shehan, founder and CEO of video advertising platform SpotX (merging with Magnite in 2021), and Ari Paparo, CEO of ad tech innovator Beeswax (acquired by Comcast in 2020).