STIC International

STIC International is a Pan Asian Private Equity Group specializing in alternative investments. Founded in 1999, they manage over USD1.2 billion and have 45 investment professionals across regional offices in Asia and the US. Originally a venture capitalist fund in partnership with South Korea's Ministry of Information & Communication, STIC has become a leader in technology investments, focusing on mobile telecommunications, next-generation networks, biotechnology, and robotics. They are known for mid-cap private equity buyouts and secondary market transactions. STIC also manages Shariah compliant funds and leverages local insight to collaborate globally in all aspects of the investment process. With a portfolio of over 282 companies, they have achieved 48 IPOs and 147 M&As, emphasizing successful exits for their investors. Their expertise, research, and risk-averse approach drive them to seek new opportunities and remain at the forefront of alternative investments.

Jin Ho Chai

Executive Managing Partner

Daniel Lee

Managing Director

19 past transactions

CoHive

Series A in 2018
CoHive, formerly known as EV Hive, is Indonesia's largest co-working space provider, headquartered in Jakarta. The company offers a comprehensive ecosystem that includes co-working, co-living, co-retail, and event spaces, designed to foster community and support the growth of startups and small to medium enterprises (SMEs). With around 9,000 members across 33 locations in major cities such as Jakarta, Medan, Yogyakarta, and Bali, CoHive spans approximately 66,000 square meters of shared workspace. The majority of its members are startups and SMEs, while the remaining clientele includes enterprises from diverse industries. CoHive aims to be a pivotal community builder in Indonesia by connecting individuals and businesses, facilitating knowledge sharing, and providing flexible and affordable workspace solutions. The leadership team includes Co-founder and CEO Jason Lee, Co-founder and CCO Ethan Choi, COO Erich Hirawan, and CRO Iris Wee.

Everspin

Series B in 2016
Everspin, founded in 2014, is a cybersecurity company that has developed a novel security module technology aimed at enhancing mobile app security. The company addresses a fundamental issue in existing mobile cybersecurity solutions, where security modules remain static until app updates, leaving them vulnerable to hacking. Everspin's innovative approach allows for the real-time delivery of disposable security modules from its server to the user's application, significantly reducing the time available for hackers to exploit vulnerabilities. Currently focused on the mobile app market, Everspin plans to extend its versatile technology to web, PC, server, and IoT applications in the future. The company's solutions feature app, operating system, and memory forgery prevention, real-time hacking detection, and instant security updates without requiring user-side program updates. Everspin has garnered credibility by passing all security tests by the National Security Research Institute in Korea and securing numerous clients, including major banks.

International Machinery

Private Equity Round in 2011
International Machinery engages in outsourced tire mold and drum manufacturing and manufacturing of tire building machinery. The company is based in South Korea.

PlaySpan

Series C in 2010
PlaySpan is a prominent provider of monetization solutions for online games, virtual worlds, and social networks. The company specializes in developing a digital goods commerce and micropayment platform that enables game publishers and developers to generate revenue, attract new users, and enhance user loyalty. One of its key offerings is UltimatePay, a global payment solution that facilitates safe and convenient in-app purchases through over 85 payment methods across 180 countries. This service includes the Ultimate Game Card, a prepaid card available in more than 45,000 retail locations throughout North America and expanding internationally. Headquartered in Silicon Valley, PlaySpan also operates offices in Ohio, Virginia, and Mumbai. The company has received recognition for its contributions to the gaming industry, winning the 2009 OnHollywood Category Award for Best Gaming Company.

Plato Networks

Series C in 2009
Plato Networks, Inc. designs and delivers physical layer integrated circuits (ICs) for wireline and wireless applications. It offers PHY ICs for interconnections in computing, networking, and storage applications. The company also provides reference designs and evaluation kits for system original equipment manufacturers. Plato Networks, Inc. was founded in 1996 and is based in Santa Clara, California.

PlaySpan

Series B in 2008
PlaySpan is a prominent provider of monetization solutions for online games, virtual worlds, and social networks. The company specializes in developing a digital goods commerce and micropayment platform that enables game publishers and developers to generate revenue, attract new users, and enhance user loyalty. One of its key offerings is UltimatePay, a global payment solution that facilitates safe and convenient in-app purchases through over 85 payment methods across 180 countries. This service includes the Ultimate Game Card, a prepaid card available in more than 45,000 retail locations throughout North America and expanding internationally. Headquartered in Silicon Valley, PlaySpan also operates offices in Ohio, Virginia, and Mumbai. The company has received recognition for its contributions to the gaming industry, winning the 2009 OnHollywood Category Award for Best Gaming Company.

PlaySpan

Venture Round in 2008
PlaySpan is a prominent provider of monetization solutions for online games, virtual worlds, and social networks. The company specializes in developing a digital goods commerce and micropayment platform that enables game publishers and developers to generate revenue, attract new users, and enhance user loyalty. One of its key offerings is UltimatePay, a global payment solution that facilitates safe and convenient in-app purchases through over 85 payment methods across 180 countries. This service includes the Ultimate Game Card, a prepaid card available in more than 45,000 retail locations throughout North America and expanding internationally. Headquartered in Silicon Valley, PlaySpan also operates offices in Ohio, Virginia, and Mumbai. The company has received recognition for its contributions to the gaming industry, winning the 2009 OnHollywood Category Award for Best Gaming Company.

Yeong Guan Energy Technology Group

Venture Round in 2008
Yeong Guan Energy Technology Group is a casting components manufacturer serving wind power, energy and heavy industrial equipment markets. It produces low-temperature high-tensile spheroidal graphite iron and gray iron castings for wind turbine hubs, gear boxes, bases, steam turbine components, and other energy applications, as well as castings for injection molding machines and large-scale machine tools. The company also provides related finishing and assembly capabilities, including processing, welding, painting, and testing. Founded in 1971 and headquartered in Ningbo, China, it operates manufacturing facilities in China and Taiwan (Ningbo, Nanjing, Dongguan), with revenue derived principally from China and Taiwan. Its broad product lines cover energy castings, injection molding machine castings, industry machine castings, forging machines, hydraulic presses, cranes, equipment beds, rolling mills, and mining machinery.

Canesta

Venture Round in 2007
Canesta is a pioneer in electronic perception technology, specializing in low-cost, CMOS-based 3-D imaging chips that provide true 3-D depth perception for a variety of consumer and industrial devices. Founded in 1999 and based in Sunnyvale, California, the company’s innovative technology allows devices such as PCs, TVs, game consoles, and automobiles to react to the presence and movements of people and objects in their environment. This capability enhances functionality and user experience, as it enables devices to interact in ways that were previously unattainable. Canesta actively collaborates with original equipment manufacturers and partners across multiple sectors, including consumer electronics, automotive, security, and robotics, with notable clients such as Hitachi and Honda. The company has developed a robust intellectual property portfolio, having filed over fifty patents, of which forty have been granted, underscoring its commitment to innovation in electronic perception.

PlaySpan

Series A in 2007
PlaySpan is a prominent provider of monetization solutions for online games, virtual worlds, and social networks. The company specializes in developing a digital goods commerce and micropayment platform that enables game publishers and developers to generate revenue, attract new users, and enhance user loyalty. One of its key offerings is UltimatePay, a global payment solution that facilitates safe and convenient in-app purchases through over 85 payment methods across 180 countries. This service includes the Ultimate Game Card, a prepaid card available in more than 45,000 retail locations throughout North America and expanding internationally. Headquartered in Silicon Valley, PlaySpan also operates offices in Ohio, Virginia, and Mumbai. The company has received recognition for its contributions to the gaming industry, winning the 2009 OnHollywood Category Award for Best Gaming Company.

Plato Networks

Series B in 2007
Plato Networks, Inc. designs and delivers physical layer integrated circuits (ICs) for wireline and wireless applications. It offers PHY ICs for interconnections in computing, networking, and storage applications. The company also provides reference designs and evaluation kits for system original equipment manufacturers. Plato Networks, Inc. was founded in 1996 and is based in Santa Clara, California.

PANDORATV Co.,Ltd

Series B in 2007
PANDORATV Co., Ltd is a prominent player in the Korean video industry, established in October 2004. The company operates a user-generated content video portal that offers both video-on-demand and live streaming services, catering to a global audience. PANDORATV distinguishes itself by providing users with unlimited upload size and storage, along with a personalized broadcasting station that allows individuals to create their own channels. The platform features an open API for seamless integration with standard video services and includes an international search function to connect users with related videos worldwide. In 2008, PANDORATV expanded its offerings by launching a global service aimed at international users and has plans to enhance its video services across various devices and platforms, including IPTV and mobile devices. The company has garnered significant investment from prominent Silicon Valley venture capitalists and has received accolades such as the Red Herring Asia 100 and Red Herring Global 100 awards.

Joymax

Private Equity Round in 2007
Joymax is a Korea-based video game developer and distributor specializing in gaming software. The company is known for its diverse portfolio of games, which includes popular titles such as Windrunner, Candypang, Wind Soul, Hero Stone, God of GoStop, and Silkroad. With a focus on creating engaging gaming experiences, Joymax has established itself within the competitive gaming industry by leveraging innovative development techniques and a commitment to quality.

BinOptics

Series C in 2006
BinOptics Corporation is a manufacturer of monolithically integrated optoelectronic components, specializing in a range of advanced laser technologies. The company produces directly modulated Fabry-Pérot lasers, directly modulated distributed feedback lasers, and ring lasers, alongside custom integrated chips that include edge- and surface-emitting lasers, electroabsorption modulators, semiconductor optical amplifiers, beam couplers, waveguides, and on-chip lenses. These products cater to various applications, primarily in datacom and telecommunications, such as gigabit Ethernet and Passive Optical Networks (PON), as well as advanced non-telecommunication applications. Founded in 2000 and headquartered in Ithaca, New York, BinOptics is recognized for its innovative contributions to the optoelectronic industry.

DATANG MOBILE COMMUNICATIONS EQUIPMENT

Venture Round in 2006
Datang Mobile Communications Equipment Co., Ltd (hereinafter referred to as ‘Datang Mobile'), registered and established in Beijing on February 8, 2002, is one of the core members of Datang Telecom Technology and Industry Group (hereinafter referred to as ‘Datang Group'). The company headquarters in Beijing, with one subsidiary in Shanghai and one branch in Xi' an.

Anthology Solutions

Series B in 2006
Anthology Solutions Inc. develops and provides network storage, digital processing, sharing, and content management solutions for government, telecommunication companies, and educational institutions. The company's product includes Yellow-Machine, a personal network storage server that manages disk-based network storage, integrates firewall and router, web access control and management, and e-mail recording. Anthology Solutions was founded in 1999 and is headquartered in San Jose, California. On October 13, 2006, Anthology Solutions, Inc filed a voluntary petition for liquidation under Chapter 7 of the US Bankruptcy Court for the Northern District of California, San Jose

Hi-Dis(Mosen)

Series A in 2006
Sensetech Co., Ltd. produces mobile communication products. It offers ultra thin key pads and traditional key pads. The company was founded in 2002 and is based in Incheon City, South Korea.

Canesta

Venture Round in 2005
Canesta is a pioneer in electronic perception technology, specializing in low-cost, CMOS-based 3-D imaging chips that provide true 3-D depth perception for a variety of consumer and industrial devices. Founded in 1999 and based in Sunnyvale, California, the company’s innovative technology allows devices such as PCs, TVs, game consoles, and automobiles to react to the presence and movements of people and objects in their environment. This capability enhances functionality and user experience, as it enables devices to interact in ways that were previously unattainable. Canesta actively collaborates with original equipment manufacturers and partners across multiple sectors, including consumer electronics, automotive, security, and robotics, with notable clients such as Hitachi and Honda. The company has developed a robust intellectual property portfolio, having filed over fifty patents, of which forty have been granted, underscoring its commitment to innovation in electronic perception.

SoftonNet

Series A in 1999
SOFTonNET Inc. is a provider of virtualization and cloud computing solutions, serving enterprises, universities, and government offices primarily in the United States and East Asia. Established in 1999 and headquartered in San Jose, California, with additional offices in Seoul and Tokyo, the company offers a range of products that include Z!BootOS for disk virtualization, Z!Stream for application virtualization, Z!Desktop for virtual desktops, Z!Storage for high-performance storage solutions, Z!Pack for portable application virtualization, and ezsComm for interactive lectures. SOFTonNET's technology is designed to reduce operating costs and enhance productivity by enabling organizations to operate software applications on a virtual layer without the need for installation. Its innovative approach includes patented on-demand streaming technology, offering a comprehensive cloud computing environment tailored for various organizational needs.
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