Korean restaurant site MangoPlate raises $6.1m

The company, which represents YJ Capital's first Korea investment, has now raised $7.2 million since inception. MangoPlate launched its service in late 2013 after the start-up graduated from the SparkLabs start-up accelerator.

The platform allows users to provide reviews and photos of their restaurant visits, and also analyzes restaurant data, individual preferences and social networks in order to offer restaurant recommendations. 

The company currently claims to have around 40% of Korea's restaurants covered, and aims to double that to around 80% within the next year. The start-up says it will use the additional funding to focus on customer acquisition, feature enhancement, and expanding its service nationally.

"Food-tech is a new industry with great potential," said James Kwon, director of Qualcomm Ventures in a statement. "With its investor base and funding to date, we believe MangoPlate is well positioned to become a new icon in Korea's food-tech industry."

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• Topics
• North Asia
• Technology
• Early-stage
• Consumer
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• South Korea
• SOFTBANK Ventures Korea
• YJ Capital
• Qualcomm Ventures
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• TMT