IBK Venture Investment
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Seed, Early Stage, Growth
Geographical Focus
South Korea
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Consumer Goods
- Media
- Retail
- Education
- Agriculture
- Logistics
- Transportation
- Manufacturing
- Entertainment
- Biotechnology
- Environmental Services
Investment Size:
10,000,000 to 50,000,000 USD
Investor Details Founded: 2023
IBK Venture Investment is a venture capital firm based in Seoul, South Korea, established in December 2023 as a subsidiary of the Industrial Bank of Korea (IBK). The firm was created to support early-stage startups, particularly those in high-growth sectors, by providing financial investment and strategic guidance. This initiative marks the first time a government-run bank in South Korea has launched a venture capital subsidiary.
The firm's investment strategy focuses on sectors such as technology, biotechnology, healthcare, consumer goods, energy, environmental services, media, entertainment, education, financial services, retail, manufacturing, transportation, logistics, and agriculture. IBK Venture Investment aims to fill the financial support void in the new technology sector and ensure comprehensive support for the development of domestic technology enterprises.
In its inaugural year, IBK Venture Investment established a venture fund worth 100 billion KRW (approximately $77 million) and executed investments totaling 6 billion KRW in four companies. The firm plans to acquire a financial license for new technology business finance and to create additional venture funds to support the growth of domestic technology companies.
Requirements
- Early-stage startups with high growth potential in South Korea
Contact
[Official Website Hidden]
[HQ Location Hidden]
Mentioned In
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$39.95
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$99.00
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