Memebox, a Y Combinator startup that sells Korean beauty products in the U.S. and Asia, has raised $60 million. The cash is an extension of the firm’s Series C round which initially closed at $65.95 million in August.
The company said the money will go towards continuing its operations and increasing its global footprint. Korea, its home market, remains its largest country for sales, but the firm is increasing its focus on China and, in particular, the U.S.. Founder and CEO Dino Ha recently relocated to San Francisco from Seoul.[external-link]