Asia Digest: Korea's Urbanbase bags $11.1m; Australia's Relectrify raises funds

Photo: JESHOOTS.COM/unsplash.com

Korea’s Urbanbase, which develops VR and AR tools used in interior planning and design, has raised $11.1 million of fresh funds, while Australia’s Relectrify has raised a growth investment round.

Urbanbase bags Series B+ funding

Seoul-based Urbanbase, which develops 3D spatial tools, has landed $11.1 million in a Series B+ funding round led by new investor Hanwha Hotel & Resort, a subsidiary of the South Korean conglomerate Hanwha Corporation.

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