Home   >   More   >   Hot Links   >   [TechCrunch] Mangoplate, Korea’s Answer To Yelp, Lands $6.1M And Eyes Expansions Across Asia

[TechCrunch] Mangoplate, Korea’s Answer To Yelp, Lands $6.1M And Eyes Expansions Across Asia

June 30, 2015
Mangoplate.com screen capture. (Yonhap)

Mangoplate.com screen capture. (Yonhap)

[TechCrunch] – Mangoplate, a service akin to Yelp in Korea, is in the money today after closing a $6.1 million Series A round to expand in its domestic market and branch out into other parts of Asia.

The round was led by Qualcomm Ventures and included participation from SoftBank Ventures Korea and YJ Capital. The latter is the venture capital firm from Yahoo Japan, which made its first investment in Korea with this deal and recently became an LP in Southeast Asia-based Monk’s Hill Venture’s fund.

Mangoplate, which emerged from Seoul-based accelerator program SparkLabs two years ago and previously scooped $600,000 in funding from SparkLabs Ventures and $800,000 from SoftBank Korea, has now raised $7.2 million from investors in total. The company counts 200,000 restaurants on its platform and is closing in on one million downloads, of which around 250,000 are monthly active users, co-founder Joon Oh told TechCrunch in an interview.

The service is available in Korean and English, but its biggest selling point is personalization. [READ MORE]