23 Jan '13, 7am

South Korea's Between, a chat app for couples, raises USD3M

South Korea's Between, a chat app for couples, raises USD3M

South Korea’s Between, a chat app for couples, raises USD3M January 23, 2013 by Terence LEE Between's new sticker store VCNC, the startup behind Between , a popular communication app for couples, has raised a KRW 3B (USD 3M) round from four investors, reported Korean tech blog beSuccess . The app enables couples to engage in private conversations, share moments and milestones, and create memos for date ideas. The participants in the round are all Korea-based VC firms. They are: Stonebridge Capital , KTB Network , Capstone Partners , and Softbank Ventures . Stonebridge and KTB invested USD1M each, while Capstone and Softbank contributed USD500k each. Softbank had earlier contributed USD1M in seed money to the startup. The latest capital injection will be used for overseas expansion and for hiring experienced developers to improve Between’s backend, VCNC founder Jaewook Park...

Full article: http://sgentrepreneurs.com/2013/01/23/south-koreas-betwee...

Tweets

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