Conglomerate Wonder Holdings has led an $8m funding round for Korea-based incubator and venture firm Fast Track Asia, BeSuccess reported on Tuesday.
Private equity firm Insight Venture Partners, an existing investor in Fast Track Asia since 2012, also contributed to the round.
Founded in 2011, Fast Track Asia functions similarly to Rocket Internet, incubating Korea-based online companies that it then helps obtain funding externally. The $8m will be put towards launching new businesses in 2015.