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23 Jan '13, 9am

VCNC receives US$3 million investment to help with couple app Between's global expansion

VCNC receives US$3 million investment to help with couple app Between's global expansion

VCNC, the company behind popular Korean couple app Between, has raised funding from four investors. Between is a couple app created by South Korean company VCNC which has just raised KRW3 billion (around US$3 million) from four investors. The investors involved and investment breakdown: Stonebridge Capital (KRW1 billion, around US$1 million) KTB Network (KRW1 billion, around US$1 million) Capstone Partners (KRW500 million, around US$500,000) Softbank Ventures (KRW500 million, around US$500,000) Softbank Ventures had earlier invested US$1 million in VCNC as a seed investment. In an exclusive interview with beSUCCESS , CEO Jaewook Park mentioned that the new funding round will used to help their overseas expansion. He also mentioned that they will be looking to hired more experienced senior developers to VCNC as he is looking at the company’s developments in the long-term. J...

Full article: http://e27.sg/2013/01/23/couple-app-between-raises-krw3b-...

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