South Korean VC Firm Solborn Invests US$5m in NZ Edtech Startup Crimson Education

South Korea’s Solborn Investment, the venture capital arm of Korean holding company Solborn, has invested US$5 million in New Zealand-based education technology (edtech) startup Crimson Education, according to reports.

Solborn Investment, headquartered in Seoul, South Korea, focuses on all stages of venture investment in companies operating in the information technology, nanotechnology, and biotechnology sectors.

It also invested in Mesh Korea, a highly IT-oriented online logistics firm that focuses on creating platforms that feature same-day and real-time delivery.