Codebox announced on the 11th that it has opened the 'ZUZU Global Startup Center' to strengthen investment connections between promising overseas startups and Korean venture capitals (VCs).
ZUZU Global Startup Exclusive Hall is a customized deal sourcing service for overseas startups seeking to enter the Korean market. There are 541 startup deals registered in the existing ZUZU investor matching service, including domestic startups, and around 470 VCs are utilizing it. Through this, 250 matching requests have been successful, and active investment discussions are continuing.
With the opening of this dedicated center, overseas startups will be able to provide IR (Investor Relations) information to Korean investors in a more systematic way and seek investment attraction opportunities. In particular, Swiss startups recommended by the Swiss Embassy in Korea have been introduced to Korea under the support of the Swiss Innovation Agency (Innosuisse) and the management of the Swiss Innovation Network (Swissnex), boasting high reliability. In addition, we plan to continuously expand the discovery of overseas startups suitable for the Korean market in cooperation with the Global Startup Center under the Ministry of SMEs and Startups.
ZUZU plans to strengthen cooperation with global institutions and investment firms in the future, and to continuously discover promising overseas startups to support domestic VCs to explore a wider range of investment opportunities. Through this, it plans to strengthen the connection between Korean and overseas startups and investors, and contribute to the activation of the global startup and investment ecosystem.
Codebox CEO Seo Kwang-yeol said, “Korean VCs are just as interested in finding overseas investment opportunities as they are in discovering domestic startups,” and added, “ZUZU will build a global investment network to support more seamless connections between Korean and overseas investors.”
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