Korean App Builder ProtoPie Raises $8 Million For North America Expansion

Korean App Builder ProtoPie Raises $8 Million For North America Expansion

This is a BETA experience. You may opt-out by ProtoPie cofounder and CEO Tony Kim. ProtoPie, a Seoul-based startup that helps companies build websites and mobile apps, has raised $8 million in a funding round to fuel its global expansion. The funding round was led by leading Korean VC firm LB Investment, whose other investments include Kakao Games, online grocery startup Kurly and Goldman Sachs-backed proptech startup ZigBang. Existing investors Dubai-based HB Investment, Intops Investment in Seoul and Korean mobile game company Devsisters also participated in the funding round. Korean billionaire Park Hyeon-joo's Mirae Asset Venture Investment joined the round as a new investor. Know a startup or small company that's a one-to-watch? Nominate them here. The $8 million brings ProtoPie's total funds raised so far to almost $18 million. The startup said the fresh funds will be used to expand in North America and establish offices in Vancouver and Austin, as users from the region account for 35% of the company's revenue. The startup's software provides easy-to-use templates to develop prototype apps and websites. Its useres include include Korean internet giants Naver and Kakao, as well as billionaire Jay Y. Lee's Samsung and Hiroshi Mikitani's Japanese e-commerce giant Rakuten.