DEV Korea Discovery Demo Day Wraps Latest Investment Round in Style

 In Blog

The DEV Korea Discovery Fund brought its latest investment and
acceleration program to a rousing conclusion at the DEV Discovery Demo Day on
August 5th. After a full month of instruction from DEV’s expert team and other top
New York VCs, entrepreneurs, tech pros, and more, Korean companies Tackl, Red
Coco, Tanggoal, MtoV, Game Coach, and Gluvi all took the stage at the Microsoft
Technology Center in Times Square to pitch their products to an audience of
prominent investors, business leaders, and more.


 

From left: Larry Bernstein (founder and Managing
Partner at Landscape Capital Management), Alan McGlade (co-founder and Managing
Director of DEV), and Joseph R. Saviano (founder and Managing Partner at DOT
Capital)


“It was really gratifying watching the companies present today,” said
Alan McGlade, co-founder and Managing Director of DEV. “The audience only saw
the finished product. We got to see the transformation over the last month, and
it was really compelling.”

After
setting the stage with a free wine mixer and a kicking K-Pop soundtrack, each
company revealed their fine-tuned product demo. Tackl demonstrated its platform for connecting recent grads with
companies looking for first-time employees, Red Coco provided an easy way for K-Pop fans around the world to
send letters and gifts to their favorite stars, Tanggoal developed a multi-player mobile phone game featuring
prominent characters from Korean webcomics, MtoV showed off its hardware-plus-software solution for smart and
safe driving, Game Coach connected
video game novices with professional players for personalized training lessons,
and Gluvi gave video creators an
easy way to stitch together short videos to form a 30-second story.


 

Haksong Lim of Red Coco reveals that many K-Pop fans have
paid to name stars after their favorite performers.


“People really performed,” said Peter Sung, Director at DEV Korea
Discovery. “They do their best work under pressure. We couldn’t really ask for
anything else.”

The
companies will now return to Korea, where they will put the lessons they
learned to good use as they further develop and implement their ideas. McGlade
will be flying out to check on their progress in September, and several companies
plan on returning to the U.S. to officially roll out their products.


The DEV Korea Discovery Fund companies at the NY Tech Meetup afterparty on August 4, 2015.


We at DEV are thrilled with the progress of all our
Discovery Fund companies, and we look forward to watching them thrive. Thanks
to all who came out for our grand finale, and stay tuned for more updates, not
to mention the announcement of our next round of investments!