Busan, Newswire – FREEGROW, the operator of the indoor navigation app ‘Grow Maps’, announced on the 23rd that it has successfully secured additional investment.
Following its initial seed investment from the Korea Credit Guarantee Fund, FREEGROW was selected for investment by The Invention Lab + Wooree Construction & Kukbo Design PropTech Joint Venture Fund No.1 and the IGIS Tomorrow Zone startup acceleration program by IGIS Investment Partners. Now, with this latest funding round, FREEGROW has secured additional investment through IPS Ventures’ Startup Value-Up Fund No.8.
With this funding, FREEGROW aims to expand its services beyond COEX to major commercial complexes nationwide, enhancing convenience for users. The company is focused on a step-by-step growth strategy, building on its successful Pre-Series A funding round this year.
Kim Young-sik, CEO of FREEGROW, stated, “Despite challenging economic conditions, we were able to secure additional investment, which recognizes our technological capabilities and business potential. We will actively recruit new developers and top talent to further strengthen our service competitiveness and business scalability.”