Energy and Lifestyle Sector Funding Expansion Planned

Wadiz (www.wadiz.kr) announced on the 22nd that it has successfully attracted Series B investment totaling 11 billion won.

The Series B investment, finalized on the 22nd, included participation from Korea Investment Partners, Stick Investment, and L&S Venture Capital, leading domestic venture capital firms, as well as Shinhan Bank from the primary financial sector, once again confirming Wadiz's status as a pioneer in the crowdfunding industry.

Following the attraction of 4.5 billion won in Series A investment in March of last year, Wadiz successfully attracted Series B investment 18 months later, bringing total investment attracted to 16.5 billion won within 5 years since its establishment in 2012. Notably, Smilegate Investment, a major investor in Series A, participated again as a key investor, once again demonstrating Wadiz's future growth potential.

Based on the funds attracted through this Series B investment, Wadiz plans to actively expand its alternative investment sector. While strengthening its market-dominant position in existing strength areas of securities-based crowdfunding and reward-based crowdfunding, the company plans to expand funding into the energy and lifestyle sectors, positioning itself as a differentiated platform operator that encompasses not just funding services, but also investment, distribution, and lifestyle.

Furthermore, the company is pursuing expansion beyond Korea's largest crowdfunding operator to global markets. Through strategic partnerships with major overseas countries, the strategy is to secure both opportunities for Korean companies to expand abroad and opportunities for Korean investors to invest in excellent overseas companies and products. In addition, the company plans to actively pursue recruitment of talented personnel.

Wadiz CEO Shin Hye-sung stated, "I believe that this Series B investment is the result of efforts to create a world where innovators seeking to change the world can raise funds more healthily based on trust capital and grow together with investors," and added, "We will make further efforts to enable startups to establish themselves as new economic drivers of the Republic of Korea and contribute to job creation."