• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • Korea Internet & Security Agency
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Creative Content Agency
    • Korea Trade-Investment Promotion Agency
    • Korea Tourism Organization
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Seoul Business Agency
    • Seoul FinTech Lab
    • Pangyo Techno Valley
    • Gyeonggido Business & Science Accelerator
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Business Agencies
    • Accounting Firms
    • Ads & Marketing
    • Law Firms
  • Submit an Article
  • Profile
    • My Articles
    • Create your Startup Profile
    • My companies
    • My Points
    • My Saved Deals
    • Logout
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Blockchain

Kakao Investment funds Israeli Blockchain platform ‘Orbs’

KoreaTechDesk Writer by KoreaTechDesk Writer
December 28, 2018
in Blockchain, Investments
1
Kakao Investment funds Israeli Blockchain platform ‘Orbs’
8
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Kakao Investment, the venture arm of Kakao Corp., South Korea’s internet giant, recently invested in Israeli blockchain startup Orbs. According to a report, the hybrid blockchain platform Orbs has raised about $15 million in the form of cryptocurrency, with Kakao’s support. Orbs already has a partnership with Kakao’s blockchain subsidiary Ground X, for developing applications for the network.

Investment to boost research & development

Orbs has said the investment from Kakao will help it further its development and growth. “It will also help the startup build on its existing partnership with Kakao blockchain subsidiary Ground X,” as per a statement from Orbs.

Orbs was recently recognised as an emerging blockchain technology vendor by leading research firm Gartner. Orbs has been created to offer a public blockchain system with utility and flexibility. The blockchain platform allows business developers a second layer for decentralised applications that need a more secure, scalable, and cost-efficient solution while maintaining the liquidity of a base layer.

Orbs has expanded its operations into South Korea with an office in Seoul. The startup announced in early 2018 that its production-ready platform shall be ready by early 2019. The recent investment from Kakao has boosted the chances of a versatile platform.

‘Supporting enterprising startups’

Kakao Ventures is one of the leading VCs in South Korea, with a focus on everything mobile and software. Kakao Ventures’ mission is to be support-smart entrepreneurs with a competitive edge startup that offer solutions to real world problems. “The focus of Kakao Investment is to identify key trendsetters and innovators in the blockchain sector and Orbs is a great example. The company has developed an innovative business model and possesses unique technological capabilities, enabling us to support the company and maximize its potential,” according to a media statement by Kakao Investment’s representative.

Kakao Ventures is the investment arm of leading South Korean Internet company Kakao that operates the country’s leading chat app KakaoTalk. Kakao Corp. has been aggressively making inroads into the blockchain business. The VC has invested in Dunamu, that manages South Korea’s cryptocurrency exchange platform Upbit. Kakao also launched its blockchain subsidiary Ground X in Tokyo in March 2018.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: BlockchainfundingInvestmentIsrael-South KoreaStartup
Previous Post

AniBlock: Colourful Block Puzzle can be a cute Christmas Present for your toddler

Next Post

KakaoPage acquires a major stake in Indonesian webtoon company Neobazar

Next Post
KakaoPage acquires a major stake in Indonesian webtoon company Neobazar

KakaoPage acquires a major stake in Indonesian webtoon company Neobazar

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback
hk rifles for sale
28 days ago

… [Trackback]

[…] Read More here on that Topic: koreatechdesk.com/kakao-investment-funds-israeli-blockchain-platform-orbs/ […]

0
No Result
View All Result

FREE NEWSLETTER

Ecosystem Partners

Follow Us




PRODUCTS

Most Popular

    Copyright © 2023 KoreaTechDesk | About Us | Our Services| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

    No Result
    View All Result
    • Topics
      • AI & Big Data
      • AR & VR
      • Blockchain
      • Clean Technology
      • Content & Games
      • Cybersecurity
      • Enterprise & SaaS
      • FinTech
      • Gadgets & Electronics
      • Health & Bio
      • Manufacturing
      • IoT
      • Marketplaces & E-commerce
      • Robotics
      • Transportation & Logistics
      • Investments
      • Ecosystem & Lists
    • Interviews
    • Events
      • ComeUp
      • NextRise
    • Governments
      • Korea Internet & Security Agency
      • Korea Institute of Startup & Entrepreneurship Development
      • Korea Creative Content Agency
      • Korea Tourism Organization
      • Korea Trade-Investment Promotion Agency
      • Ministry of SMEs & Startups
      • National IT Industry Promotion Agency
      • Seoul Business Agency
      • Seoul FinTech Lab
      • Pangyo Techno Valley
      • Gyeonggido Business & Science Accelerator
    • Programs
      • LAUNCHPAD
      • COMEUP STARS 120
      • K-Startup Grand Challenge
      • TIPS X beSUCCESS Global Project
      • SFL Global Program
      • KTO Global Showcase
    • Investment Opportunities
      • Launchpad France Demoday
      • TIPS Global Demoday
      • Launchpad USA Demoday
      • Launchpad Indonesia Demoday
    • Business Agencies
      • Accounting Firms
      • Ads & Marketing
      • Law Firms
    • Submit an Article
    • Forums
    • Profile
    • My Articles
    • Create your Startup Profile
    • My companies
    • My Points
    • My Saved Deals
    • Logout
    • register
    • login

    Copyright © 2023 KoreaTechDesk | About Us | Our Services| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

    wpDiscuz
    1
    0
    Would love your thoughts, please comment.x
    ()
    x
    | Reply
    Our Spring Sale Has Started

    You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

    We hope you enjoy our content, May you please give us Feedback regarding our website!

    Single Post Feedback

    dgdfgfdgdf

    Invitation submission has been closed

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.