Korean startup NadooModoo, developing an AI-powered software development platform, nadoo.io, has successfully secured seed investment from the Korea Investment Accelerator. This strategic investment recognizes NadooModoo’s cutting-edge technology and high potential for global growth, paving the way for the company to expedite its product development and international market entry.
NadooModoo’s flagship product, nadoo.io, is a no-code/low-code platform designed to simplify and automate the creation of internal management systems and back-office operations for companies. By using this innovative platform, businesses can focus more on their core functions while reducing the complexity and costs typically associated with IT development.
Moon Young-ho, CEO of NadooModoo, expressed his excitement about the investment, stating, “This funding is a testament to our technological prowess and scalability. We plan to leverage this investment to further enhance the quality of nadoo.io, helping us succeed in the global market.” He added, “Our platform is built to serve not only mid-sized and large corporations but also global enterprises, allowing them to build and manage customized tools with ease.”
The Korea Investment Accelerator noted the startup’s platform addresses key challenges in software development, such as complexity and cost. “NadooModoo’s team brings exceptional global IT development experience, and Nadu.io provides much-needed solutions for companies looking to simplify their IT operations. We believe this platform will play a crucial role in helping businesses solve IT problems more efficiently,” a representative from the Korea Investment Accelerator said.
With this new funding, NadooModoo is well-positioned to bolster its product development, talent acquisition, and marketing efforts, enabling the company to scale rapidly in the global SaaS market. This investment will also support NadooModoo’s broader mission to revolutionize how companies approach software development.
Visit to Singapore with KOVA
NadooModoo is part of a select delegation of innovative Korean startups visiting Singapore from October 7 to 10, 2024. This initiative is organized by the Korea Venture Business Association (KOVA) in partnership with beSUCCESS Media Group as part of the 2024 Gangnam Global Roadshow.
The roadshow, designed to foster international collaboration, offers the participating startups opportunities to engage with global investors, mentors, and potential partners. The program includes 12 innovative Korean startups including NadooModdo, who have already received online mentorship from leading investors in the USA and Singapore between June 26 and August 7, 2024. NadooModoo’s participation in this global event reflects its commitment to expanding its presence and network in the global tech ecosystem.
With its innovative technology and ambitious plans for global expansion, NadooModoo is poised to become a key player in the international SaaS market, solving critical IT challenges for businesses worldwide.
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