metaLogos(메타로고스), which operates the public stock information service ‘160 (yil-yuk-gong)’, has raised $1.5 million (KRW 200 million) in pre-A round funding from Z Venture Capital (ZVC). This brings metaLogos’ cumulative funding to $3.5 million (KRW 4.6 billion).
160 (yil-yuk-gong) is an app that provides retail investors with a simple and clear indication of whether an upcoming IPO is worth investing in through an ‘attractiveness index’. It has become popular because it not only collects information about IPOs in one place, but also makes it easy to decide whether or not to subscribe based on the “attractiveness index”. metaLogos won the top prize in the Samsung Financial Group Open Collaboration and was selected for the government-funded TIPS programme based on its excellent track record in IPOs.
With this investment, metaLogos, together with its subsidiary ML Investment Advisory, will launch an automated public equity investment service in the first half of the year, which will select high-quality public equities and manage them from subscription to sale. Once an investor installs the 160 app and subscribes to the automated investment service, 160 will automatically carry out the process of selecting, subscribing and selling listed stocks on the investor’s behalf.
As a strategic investor, ZVC plans to support metaLogos’ business expansion in various ways. Yousik Han, Principal and Jeemin Seo, Associate of ZVC, said, “Through metaLogos’ AI-powered non-face-to-face investment and information services, starting with 160, financial consumers will be able to access attractive financial products, including listed stocks, more conveniently and at lower transaction costs.”
Dong-hoon Lee, CEO of metaLogos, said, “We will create a service that eliminates the cumbersome investment process and provides peace of mind by operating only within the investor’s own account so that everyone can enjoy the attractive investment returns of listed stocks.”
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