Ascendo Ventures

Ascendo Ventures is an early-stage venture capital firm located in Seoul, South Korea, founded in 2018. The firm specializes in investing in innovative companies within sectors such as the internet of things, artificial intelligence, robotics, environmental technology, digital healthcare, food technology, and blockchain. Leveraging strong relationships with Korean research and development hubs and the broader startup ecosystem, Ascendo Ventures has early access to top-tier startups. The primary objective of the firm is to accelerate growth through cross-border business development, fostering collaboration and expansion for its portfolio companies in the dynamic Asian market.

Myungju Choi

Partner

Alexander Namkung

Founding Member, Partner and Director

Aaron Shin

Founding Member and Managing Partner

18 past transactions

Pigeon

Seed Round in 2022
Pigeon Loans is a peer-to-peer lending platform that facilitates loans between family, friends, and loved ones. The platform provides their users the ability to generate legal contracts, make online payments, store loan documentation, enable automatic bank withdrawals, and make international transactions, all in an easy to use interface. Pigeon Loans was founded by Brian Bristol and Anna Matilde Tanga in 2020 and is based in San Diego, CA, USA.

ALLO

Seed Round in 2021
ALLO is a developer of a modern visual workspace platform designed to enhance productivity through effective collaboration. The platform provides a unique experience by allowing users to collect and organize ideas in one central location. It promotes teamwork by facilitating communication among team members and offers web-based invites that enable seamless integration with other applications. This approach helps clients improve their collaborative efforts, ensuring that all ideas and resources are easily accessible and well-organized.

FunNow

Series B in 2021
FunNow is a lifestyle platform that offers users an easy and reliable way to book entertainment and leisure activities on short notice. With over 20,000 instant booking options across more than ten industries, the platform enables users to reserve services such as travel, dining, wellness treatments, and nightlife experiences. By focusing on spontaneity, FunNow aims to enhance urban living by making it convenient for individuals to enjoy their free time without extensive planning.

N.thing

Series B in 2021
N.thing, Inc. is a South Korean company founded in January 2014, specializing in IoT technology for the gardening and agriculture sectors. Headquartered in Seoul, with a North American branch in New York, the company aims to connect people with nature through innovative solutions. N.thing offers a range of products, including the Planty Cube, an internet-connected indoor farm equipped with LED technology and real-time monitoring, and the Planty Square, a modular hydroponic kit that allows users to grow various plants easily. Additionally, Planty serves as the world's first internet-connected social pot, enabling users to monitor their plants' conditions and share their gardening experiences. The company also provides a smart gardening journal called Life, which helps plant enthusiasts document and share their gardening activities on social media. N.thing's mission is to enhance the gardening experience by integrating technology, making it accessible for anyone to engage in farming and plant care.

N.thing

Series B in 2021
N.thing, Inc. is a South Korean company founded in January 2014, specializing in IoT technology for the gardening and agriculture sectors. Headquartered in Seoul, with a North American branch in New York, the company aims to connect people with nature through innovative solutions. N.thing offers a range of products, including the Planty Cube, an internet-connected indoor farm equipped with LED technology and real-time monitoring, and the Planty Square, a modular hydroponic kit that allows users to grow various plants easily. Additionally, Planty serves as the world's first internet-connected social pot, enabling users to monitor their plants' conditions and share their gardening experiences. The company also provides a smart gardening journal called Life, which helps plant enthusiasts document and share their gardening activities on social media. N.thing's mission is to enhance the gardening experience by integrating technology, making it accessible for anyone to engage in farming and plant care.

ALLO

Seed Round in 2020
ALLO is a developer of a modern visual workspace platform designed to enhance productivity through effective collaboration. The platform provides a unique experience by allowing users to collect and organize ideas in one central location. It promotes teamwork by facilitating communication among team members and offers web-based invites that enable seamless integration with other applications. This approach helps clients improve their collaborative efforts, ensuring that all ideas and resources are easily accessible and well-organized.

Lozi

Series B in 2019
Lozi Joint Stock Company, founded in 2014 and based in Ho Chi Minh City, Vietnam, operates an extensive e-commerce platform that addresses various consumer needs through its one-hour delivery service, Loship. The platform caters to a wide range of services including food, grocery, laundry, medicine, and flower delivery, as well as ride-hailing and B2B supply delivery. With a robust network of over 70,000 drivers and 200,000 merchants, Lozi serves nearly 2 million customers across major cities such as Hanoi, Ho Chi Minh City, Da Nang, and Can Tho. The company's innovative mobile application also assists users in discovering food, drink, and café options, enhancing the convenience of urban living in Vietnam.

ROKIT Healthcare

Series B in 2019
ROKIT Healthcare specializes in bio-printing technology, focusing on autologous organ regeneration through its proprietary bio-fabrication platforms. This innovative approach supports a range of applications in tissue engineering, material science, and regenerative medicine. By providing advanced three-dimensional printing solutions, ROKIT Healthcare aims to enhance medical practices and improve patient outcomes, enabling physicians to utilize bioprinting in clinical settings for better health and quality of life.

Ative

Series A in 2019
Operator of a fashion curation platform based in Seoul, South Korea. The company offers an online fashion shop that has a variety of products including street fashion clothing, designer brands, and high-end luxury goods, providing customers with clothing products.
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