# Bug City

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bug-city

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: http://www.bugcity.io
- Total disclosed funding: $1.1M
- Latest round: Seed (Oct 19, 2022)
- Investors on record: 3

## About

Based in Seoul, South Korea, founded in 2019 by its founder Myeong Geun Hong, Bug Hole, formerly known as Nome Brand Taylor, trading under the name Bug Hole Co., Ltd., is a blockchain company that developed a Web3 virtual society called Bug City which allows clients to mine, trade, and purchase PFP NFTs with BTC through the use of an ID that the company also developed. In October 2022, Bug City raised KRW 1.56 billion in seed funding from new investors Kakao Ventures, KB Investment, and Philosophia Ventures, and an unspecified individual investor.

## Funding rounds

- Seed, Oct 19, 2022, $1.1M — KB Investment, Kakao Ventures, Philosophia Ventures

## Investors

- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Seed
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Philosophia Ventures (https://capitalatlas.ai/funds/philosophia-ventures) — Seed