Korean robo-advisor Fount bags $33.4M to advance its AI-based platform

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Fount, a robo-advisor startup in South Korea, has raised a $33.4 million Series C round to beef up its machine learning-based platform development and hire staff.
The latest round was led by Hana Financial Investment, along with Nice Investment. Returning backers Smilegate Investment, KT Investment, Shinhan Capital and Korea Development Bank also participated.
The Series C brings its total funding to about $58.5 million, and the company’s valuation is now estimated at $209 billion, CEO Youngbeen Kim told TechCrunch.
The company will continue to invest in its technology development for the next three years, about an additional $85 million (100 billion won), Kim added.
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