The deal was finalized between Yanolja, the Korean travel-leisure platform, and SoftBank Vision Fund 2 as the latter invested $1.7 billion in the former. Also, Yanolja strengthens its data security with Query Pie. BMQ & Korea International Trade Association (KITA), Naver Cloud & Ministry of SMEs, and Startups announce acceleration programs for Korean startups. Check some interesting news from the Korean startup ecosystem.
Yanolja snaps up $1.7b funding as SoftBank ramps up Korea tech bet
Source: Korea Herald
Travel and leisure platform operator Yanolja completed a $1.7 billion investment round by sole investor SoftBank Vision Fund 2, the company said on Thursday.
Yanolja said the company will use the proceeds to scale digital transformation of the global travel and hospitality industry and expand its technology offerings in new markets.
The company plans to build and operate an advanced global travel platform by enhancing its automated solutions using artificial intelligence and personalized offerings based on big data, in line with its expansion of its cloud-based hospitality solutions business.
“Powered by (artificial intelligence), we believe Yanolja is a leader in transforming the travel and leisure industry in South Korea through its Travel Super App approach,” Greg Moon, managing partner at SoftBank Investment…
