Woowa Bros joins CyberAgent family

Jul 7, 2014 • Leandre Ibar Penaba

CyberAgent invested $500,000 in a $12m round raised by the online fast food delivery service, which has a 60% share of the South Korean market.

Korea-based online food app developer Woowa Bros has raised $12m in seed funding from investors including CyberAgent Ventures, the venture capital subsidiary of internet company CyberAgent, according to Korean startup news source Platum.

CyberAgent invested $500,000 in the round, which also included venture capital firms IMM Investments and Alto Investments, among other investors.

Woowa Bros is the creator of Baedalui Mijok, a food delivery app for Korean mobile phones. Its sales totalled about $9.8m in 2013, and it has a…

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