Silicon Valley accelerator 500 Startups has selected four Korean companies to take part in its Series A program.
Startups selected are healthcare service Dano, streaming audio app service Spoon, League of Legends stats service OP.GG, and peer-to-peer financial service PeopleFund. The Series A program is aimed at growing startups that have passed their early stage, and will run a locally-based training program for three weeks.
As part of the Series A program, startups will receive support in the form of one-on-one global mentoring, digital marketing, advice about attracting and retaining customers, as well as leadership training. With a varied selection of businesses, programs will be customized to match each team.
500 Startups says that its goal is to help grow 1% of Korea’s global startups through the program. In addition to this, an ‘Investor Day’ event will be held in August to help raise additional funding for all businesses.
The Series A program is held twice a year, with the next selection of startups to be announced in January 2018. 500 Startups has already invested in more than 25 startups in Korea since establishing its 500 Kimchi fund in 2015, and over that time has invited various mentors from Silicon Valley to take part in startup workshops.