AcrossB has secured 2.4 billion KRW in a Pre-A funding round to enhance its cross-border logistics platform and expand into international markets.

Target Information

AcrossB, a cross-border logistics platform service based in South Korea and led by CEO Lee Sung-woo, has successfully raised a total of 2.4 billion KRW in a Series Pre-A funding round. This significant investment is aimed at propelling AcrossB’s full-scale entry into the overseas market. The funding round attracted prominent global investors, including Silicon Valley-based K2G (Korea to Global) investment fund and Singapore's Otium Capital, both recognized for their capacity to invest in thriving companies worldwide.

The AcrossB logistics platform leverages cloud computing and machine learning technology to facilitate seamless cross-border e-commerce logistics. With its service, businesses can effectively overcome the complexities and high costs typically associated with global market expansion, thus enabling them to scale their operations more efficiently.

Industry Overview in South Korea

South Korea's e-commerce sector has seen remarkable growth, particularly in cross-border e-commerce, which is currently outpacing domestic e-commerce growth by twofold. As of now, local businesses hold a mer