Daedeok Venture Partners

Daedeok Venture Partners is a venture capital firm established in 2014 and located in Daejeon, South Korea. The firm focuses on investing in technology companies at various stages, from seed to IPO. Its investment interests encompass sectors such as ICT convergence, bio-healthcare, materials, and parts. By targeting innovative companies within these fields, Daedeok Venture Partners aims to support and foster growth in the technology landscape.

Jae Kap Jeong

Partner

Sungha Kim

Venture Partner

34 past transactions

Petnow

Funding Round in 2023
Petnow Inc. is a pet tech startup based in Seoul, South Korea, founded in 2018. The company specializes in AI-driven biometric identification for pets, focusing on unique features such as nose prints for dogs and facial recognition for cats. Petnow’s platform collects biometric data to help pet owners verify their pets' identities, enhancing the chances of reuniting lost pets with their owners. The company has filed nine patents for its proprietary technology, which boasts an accuracy rate of 98.97%, as published in IEEE Access in March 2021. In late 2022, Petnow launched innovative features, including cat identification and a selfie mode. The company has received recognition and support from major organizations, including Samsung and POSCO, and was awarded Best of Innovation at CES 2022. In 2022, Petnow raised $5 million in a Pre-Series A funding round and was selected for the Google for Startups Accelerator Korea in 2023. Recently, the company entered the U.S. pet identification market and is seeking partnerships with pet service providers, local government agencies, and insurance companies.

Movements

Series A in 2023
Movements specializes in 3D construction management platforms aimed at transforming the construction industry. The company has developed a construction cycle management system that utilizes information technology to bridge the gap between the real and virtual worlds. This integration allows for predictive insights, helping clients address challenges related to low productivity on construction sites. By offering a digital transformation platform, Movements enables more efficient management of construction processes, ultimately enhancing overall project outcomes.

Difon

Series A in 2023
Difon is a developer of advanced smart window technology that focuses on regulating sunlight transmittance through innovative smart film solutions. Established in 2021 as a spin-off from Hyundai Motor Group, the company is dedicated to enhancing living spaces by manufacturing and researching smart films that offer benefits such as active sunlight blocking, privacy, UV protection, and energy savings. Difon has built a robust supply chain by forming strategic alliances and investing in system integration with various industry players, including glass manufacturers, automobile OEMs, and construction firms. With a strong emphasis on sustainability and social responsibility, Difon aims to create a positive impact on the environment while continually innovating to provide products that benefit consumers and society.

AIM Future

Series A in 2023
AiM Future specializes in the development of advanced AI processors, software, and system integration services. The company has created the NeuroMosAIc Processor (NMP), an AI-based solution designed for high-performance computing applications. This innovative technology features a scalable and configurable hardware architecture, utilizing a RISC-V processor to enhance its capabilities. Additionally, AiM Future offers software development kits (SDKs) that support neural networks generated by popular frameworks such as TensorFlow, Caffe, PyTorch, and ONNX. These tools enable clients to effectively analyze essential metrics, including accuracy, performance, memory bandwidth, and run-time efficiency. Through its comprehensive offerings, AiM Future aims to empower businesses with cutting-edge AI solutions tailored to their specific needs.

Allt

Seed Round in 2022
Allt is a startup focused on integrated maintenance, repair, and operations (MRO) purchasing agency services and the manufacturing of a wide range of bolts and nuts. The company has developed a platform aimed at manufacturing firms, leveraging data and Internet of Things (IoT) technology to optimize supplier matching. This platform facilitates efficient management of purchase information at no cost to the client, thereby helping businesses save time and reduce labor through effective data analysis. Allt's services are designed to streamline procurement processes and enhance operational efficiency in the manufacturing sector.

Allt

Seed Round in 2022
Allt is a startup focused on integrated maintenance, repair, and operations (MRO) purchasing agency services and the manufacturing of a wide range of bolts and nuts. The company has developed a platform aimed at manufacturing firms, leveraging data and Internet of Things (IoT) technology to optimize supplier matching. This platform facilitates efficient management of purchase information at no cost to the client, thereby helping businesses save time and reduce labor through effective data analysis. Allt's services are designed to streamline procurement processes and enhance operational efficiency in the manufacturing sector.

BANF

Series A in 2022
BANF is a safety solutions provider, mitigates the risk of truck accidents and optimizes fuel efficiency by employing tire-mounted sensors.

Elroilab

Seed Round in 2022
ELROILAB is a company specializing in artificial intelligence and quality assurance within the food and beverage industry. The company has developed an advanced hyperspectral imaging solution that detects foreign objects and contaminants in food materials, enhancing food safety and quality. This innovative technology allows for the identification of hard-to-detect contaminants that conventional methods may overlook, providing clients with effective quality control measures. ELROILAB's Spectral AI product plays a central role in its operations, supporting the company's commitment to ensuring the integrity of food products.

Foody Worm

Series A in 2022
Foody Worm is an insect research company that practices and develops ESG and sustainability management through insects.

Style Bot

Seed Round in 2022
Style Bot is a fashion platform that offers an app for women's clothing.

Labangva Data Lab

Seed Round in 2022
Labangva Data Lab is a software development and ICT firm that offers data analysis, marketing, and database services

MAAS ASIA

Series A in 2022
MAAS ASIA offers urban intelligent transportation services.

Oasis Business

Seed Round in 2021
Oasis Business is an information services company that offers artificial intelligence solutions primarily for the finance, construction, and distribution sectors. The company has developed a specialized platform aimed at the commercial real estate market, which assists clients in calculating the future value of properties, forecasting sales, and determining appropriate selling prices. By automating technical calculations, Oasis Business enables real estate professionals to concentrate on other critical aspects of their operations, thereby enhancing overall efficiency and decision-making in the industry.

Labangva Data Lab

Seed Round in 2021
Labangva Data Lab is a software development and ICT firm that offers data analysis, marketing, and database services

Lysin Bio

Venture Round in 2021
Lysin Bio is a research and development company focused on creating innovative treatments for antibiotic-resistant bacteria using endolysins. The company specializes in developing bio-antibiotics that leverage protein medicine derived from gene recombinant technology and fermentation techniques. By employing advanced methods for separating and purifying target materials, Lysin Bio aims to deliver effective therapeutic solutions to combat super bacteria, providing patients with improved options for bacterial infections.

Petnow

Series A in 2021
Petnow Inc. is a pet tech startup based in Seoul, South Korea, founded in 2018. The company specializes in AI-driven biometric identification for pets, focusing on unique features such as nose prints for dogs and facial recognition for cats. Petnow’s platform collects biometric data to help pet owners verify their pets' identities, enhancing the chances of reuniting lost pets with their owners. The company has filed nine patents for its proprietary technology, which boasts an accuracy rate of 98.97%, as published in IEEE Access in March 2021. In late 2022, Petnow launched innovative features, including cat identification and a selfie mode. The company has received recognition and support from major organizations, including Samsung and POSCO, and was awarded Best of Innovation at CES 2022. In 2022, Petnow raised $5 million in a Pre-Series A funding round and was selected for the Google for Startups Accelerator Korea in 2023. Recently, the company entered the U.S. pet identification market and is seeking partnerships with pet service providers, local government agencies, and insurance companies.

Tablero

Seed Round in 2021
Tablero is a service platform company that supports easy offline ordering with an NFC-based simple order/payment order service.

Lillycover Co.

Series A in 2021
Lillycover Co., Ltd., founded in 2016 and headquartered in Daegu, South Korea, specializes in personalized beauty solutions for skincare. The company has developed a skin diagnosis and treatment device that helps users understand their unique skin types through actual skin data collected from various countries. Its portable skin diagnosis and management device enables users to assess key skin attributes, including pores, wrinkles, sensitivity, and oil-water balance, allowing for effective management of their skincare results.

Mitos.Therapeutics

Seed Round in 2021
Mitos.Therapeutics is a biotech company specializing in the development of mitochondrial-based anti-metabolic syndrome and cancer drugs.

Rocket Punch

Series B in 2021
Rocket Punch (로켓펀치) is a Korean digital marketing team that provides planning and designing services.

MBD

Series B in 2021
MBD is a biotechnology company that specializes in 3D cell culture platforms.

Foody Worm

Seed Round in 2021
Foody Worm is an insect research company that practices and develops ESG and sustainability management through insects.

Petnow

Seed Round in 2020
Petnow Inc. is a pet tech startup based in Seoul, South Korea, founded in 2018. The company specializes in AI-driven biometric identification for pets, focusing on unique features such as nose prints for dogs and facial recognition for cats. Petnow’s platform collects biometric data to help pet owners verify their pets' identities, enhancing the chances of reuniting lost pets with their owners. The company has filed nine patents for its proprietary technology, which boasts an accuracy rate of 98.97%, as published in IEEE Access in March 2021. In late 2022, Petnow launched innovative features, including cat identification and a selfie mode. The company has received recognition and support from major organizations, including Samsung and POSCO, and was awarded Best of Innovation at CES 2022. In 2022, Petnow raised $5 million in a Pre-Series A funding round and was selected for the Google for Startups Accelerator Korea in 2023. Recently, the company entered the U.S. pet identification market and is seeking partnerships with pet service providers, local government agencies, and insurance companies.

ILIAS Biologics

Series B in 2020
ILIAS Biologics is a biotechnology company focused on developing exosome-based therapeutics. The company utilizes a platform technology that allows for the loading of large therapeutic molecules into exosomes, which are naturally occurring extracellular vesicles released by cells. This innovative approach aims to provide potential treatments for sepsis, pre-term birth, and various difficult-to-treat diseases, particularly in the inflammatory and metabolic domains. By harnessing the capabilities of exosomes, ILIAS Biologics seeks to advance drug development and improve therapeutic options for patients facing these challenging health issues.

Icode Lab

Seed Round in 2020
iCodelab provides the best IT services in the field of integrated control software and production automation system development.

Neurophet

Series A in 2019
Neurophet, Inc. is a neuroscience company based in Seoul, South Korea, founded in 2016. It specializes in developing innovative software solutions for brain stimulation and treatment of neurological disorders. The company's flagship product, Neurophet tES Lab, is a simulation software that calculates and visualizes the effects of brain stimulation by utilizing individual brain structures and specific stimulation conditions. Neurophet employs its proprietary Segengine technology, which can automatically segment brain magnetic resonance images into 107 distinct regions within a minute. This technology aids in predicting and investigating stimulation effects for conditions such as Alzheimer's disease, providing clinicians with a three-dimensional brain model and stimulation parameter guidance. By leveraging deep learning and numerical optimization techniques, Neurophet enables healthcare professionals to focus interventions on targeted regions of the brain, enhancing treatment efficacy for patients with brain diseases.

PurrSong

Seed Round in 2019
PurrSong, Inc. is a company based in Suwon-Si, South Korea, that develops innovative smart pet care solutions for pets and their owners worldwide. Founded in 2017, PurrSong specializes in creating technology that enhances the pet ownership experience through a range of products. These include the LavvieBot S, an automatic self-cleaning litter box for cats, as well as a smart water dispenser, IoT fitness trackers, biodegradable bags, and catnip cushions. The company's offerings combine hardware and software solutions aimed at improving the health and convenience of pet care, making it easier for pet owners to ensure the well-being of their feline companions. PurrSong's products are available through online platforms and international distributors.

BJ Biochem

Seed Round in 2019
BJ Biochem is a consumer product company focused on researching and developing a range of materials, including cosmetics and preservatives. The company specializes in creating products such as skin protectants and natural thickeners, alongside eco-friendly preservatives like the AB and LAMP series. By prioritizing environmental sustainability, BJ Biochem aims to ensure that its offerings contribute positively to both consumer health and the environment.

Immersivecast

Seed Round in 2018
Immersivecast specializes in developing cloud-based virtual reality technology that delivers a highly immersive experience through photorealistic graphics and advanced human-machine interfaces. The company creates cloud extended reality (XR) applications that cater to various industries, including gaming and smart manufacturing. By leveraging ultra-high-resolution virtual reality equipment, Immersivecast enables gaming companies to reduce user latency and offers training solutions for smart factories. Additionally, the company's products allow individual users to engage in virtual environments that closely resemble real life, enhancing both entertainment and educational experiences.

Rocket Punch

Series A in 2018
Rocket Punch (로켓펀치) is a Korean digital marketing team that provides planning and designing services.

G2GBIO

Series A in 2018
G2GBIO is a biotechnology company focused on improving medication administration and adherence for patients with chronic diseases. The company utilizes proprietary technology to develop advanced controlled release drug products, which aim to enhance the efficacy of medications for various chronic conditions, including diabetes and cancer. By prioritizing the needs of patients globally, G2GBIO is dedicated to providing effective treatments that facilitate better health outcomes.

Bitnine Global

Series A in 2018
Bitnine Global Inc. is a technology company specializing in graph database management systems and data modeling services. Focused on research and development, Bitnine aims to advance technologies for data analysis to support a knowledge-based society. The company offers a range of products, including Agence Graph, AG Cloud, Apache AGE, and G-Pass, which cater to diverse data management needs. Bitnine is committed to fostering collaboration within the graph data community by sharing its technology and knowledge through open-source initiatives. Additionally, the company emphasizes eco-friendly practices by developing technologies that improve energy management systems and enhance efficient energy data processing, integrating graph database methodologies with big data solutions.

Corners

Series A in 2017
Corners is a developer of safety intelligence software focused on disaster control services, specifically in emergency evacuation scenarios. The company has created an innovative evacuation guide system designed for shooting incidents, featuring a proprietary emergency evacuation algorithm that continuously tracks the shooter and generates optimal action plans. This technology is capable of managing the evacuation of large groups of people in various environments, such as buildings and factories. By integrating routing algorithms with real-time spatial intelligence, Corners provides effective solutions for creating safe evacuation routes. Additionally, its system allows for external monitoring by security personnel and public services, enhancing overall safety and response during emergencies.

Innopresso

Venture Round in 2015
Innopresso is a technology company focused on developing innovative products that enhance user experience. One of its notable offerings is the Fusion Keyboard Mokibo, which combines the functionality of a mechanical keyboard with a large touchpad. This versatile keyboard allows users to switch between traditional typing and touch input, addressing the limitations of standard touchscreen keyboards. The Mokibo is designed for use with PCs, smart devices, and as a notebook keyboard module, providing a seamless and efficient user interface. Through its commitment to innovation, Innopresso aims to redefine interactions with technology.
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