Global Brain Corporation (GB) has invested in DAILY CO., LTD. (DAILY), a Korea-based startup providing a mobile focused hotel and restaurant reservation services, through its KDDI Open Innovation Fund (“KOIF”) and GB-VI Growth Fund Investment Limited Partnership (“GB-VI”).
DAILY began to offer the DAILYHOTEL services, the very first mobile focused hotel reservation platform, in Korea in 2014. Since then, it also added the capability to make the restaurant reservations as well. The cumulative downloads have now exceeded 9 million downloads.
As of April of this year, the number of hotels that can be reserved via the DAILY HOTEL services are over 350 thousand in Korea and abroad, including Japan, Thailand, Hong Kong and Singapore. The annual total gross transaction for the past year was over 12 billion Japanese Yen.
DAILY intends to invest the funds raised during the current financing round to further analyze and individualize the collected data of the DAILYHOTEL users by utilizing the artificial intelligence, and to improve the user experience of the services, and also to invest in its human resources in order to expand its market, including Japan.
GB highly evaluated DAILY’s travel platform services related to stay and eat and decided an investment.
About DAILY
- Corporate Name
- DAILY CO., LTD.
- Headquarters
- Seoul, Republic of Korea
- Representative
- Ryan Shin, Representative Director
- Founded
- July 2013
- Business
- Providing a mobile focused hotel and restaurant reservation services
About KOIF
- Fund Name
- KDDI Open Innovation Fund Ⅱ
- General Partner
- Global Brain Corporation
- Fund Size
- 5 Billion JPY
About GB-VI
- Fund Name
- GB-VI Growth Fund Investment Limited Partnership
- General Partner
- Global Brain Corporation
- Fund Size
- 20 Billion JPY
About GB
- Corporate Name
- Global Brain Corporation
- Headquarters
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January, 1998
- Business
- Venture Capital