Phase, a start-up focused on enhancing UI/UX design collaboration, successfully secured $13 million in funding to advance its no-code platform and expand into international markets.

Target Company Overview

Phase, a startup focused on improving collaboration in UI/UX design, has recently raised $13 million (approximately 17 billion KRW) in funding, garnering significant attention in the industry. Notable participants in this investment round include Gobi Partners, New Economy Ventures, and Palm Drive Capital.

Located in Taipei and Berlin, Phase is developing a no-code platform that enables UI/UX designers to create fully interactive prototypes without the need for coding. The company's first product, a UI animation tool, was successfully launched in the South Korean market in May, attracting over 10,000 testers within weeks, a testament to its effective strategy tailored to the local design community.

Industry Overview in South Korea

South Korea boasts a robust design community, with approximately 100,000 designers contributing to various sectors including tech, e-commerce, and entertainment. The increasing demand for user-friendly interfaces and engag