Billyo, a real-time practice space matching and booking platform, announced on the 1st that it had been selected as an investee for the 7th 2020 Angel Investment Matching Fund.
The Angel Investment Matching Fund, operated by Korea Venture Investment Corp., the manager of the Korea Fund of Funds, matches investments of up to 2.5 times the amount invested by angel investors and angel clubs in startups, following evaluations of the companies and investors and on-site inspections.
Billyo is a mobile app-based platform for matching users with and booking practice spaces, including music and dance studios, recording studios, rehearsal rooms, and creator spaces. Its Android and iOS apps have both officially launched. The company operates two apps: Billyo and Billyo Partners, an app for hosts. Billyo offers around 1,700 partner practice spaces that it has reviewed and listed, and continues to add a range of spaces across the country.
Ahn Jun-hyeok, co-CEO of Billyo, said, “Building on this investment, we will scale up in earnest and become a platform that delivers clear results and revenue in our target booking market.”
Billyo was also recently selected for the final cohort of 2020 Contents Labs, a content-focused accelerator support program hosted by the Korea Creative Content Agency (KOCCA) and run by SparkLabs. It was also selected for the Korea International Trade Association’s 2020 Global Startup School, Season 2, earning recognition for its growth potential and prospects for overseas expansion.
Billyo: https://www.billyo.co.kr/
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