L&S Venture Capital

L&S Venture Capital is a venture capital firm established in 2006 and located in Seoul, South Korea. The firm specializes in incubation, seed, early, and expansion stage investments across various sectors. Its investment focus includes electronic components such as smartphones and telecommunications equipment, as well as the green energy sector, which encompasses solar, wind, and electric vehicle technologies. Additionally, L&S Venture Capital invests in medical devices, artificial intelligence, the Internet of Things, cloud computing, big data, and media content creation and distribution. The firm primarily targets opportunities in South Korea, particularly in the Seoul, Gyeonggi region, and Chungnam province.

Kiwoong Jang

Partner

Seongjin Joo

Co-Founding Partner and General Partner

Young-Jong Kim

Senior Managing Director

Jihae Kim

Managing Director

Joonmo Kim

Senior Managing Director

Keumoh Lee

Senior Managing Director

Youngsun Yoon

Senior Managing Director

43 past transactions

VSI

Series B in 2023
VSI provides essential networking solutions for next generation automotive and industrial applications.

Innospace

Series B in 2022
Innospace is an aerospace and defense company focused on developing hybrid rocket-powered small satellite launch vehicles. The company aims to provide cost-effective, low-latency, and environmentally friendly launch services tailored for the small satellite market. By utilizing innovative hybrid rocket technology, Innospace is committed to delivering reliable solutions for satellite deployment, catering to the increasing demand for efficient access to space.

TerraLIX

Series B in 2022
Operator of cell company intended to provide hydrogen fuel cells. The company specializes in fuel cells with hydrogen and develops cell packs that can perform in extreme environments, enabling users with a source of energy even in bad conditions.

Clodot

Series B in 2022
Operator of an autonomous robot service provider firm intended to assist in the robot management system. The company offers the domestic intelligent robot field, utilizes various domestic and foreign robot technologies, and implements specialized services in consideration of the hardware that customers want to introduce and the actual operating environment and also provides integrated robot specialized services from service planning to operation resolutions, enabling clients to grow their business, and provide optimal application development and assistance.

Metsakuur

Series A in 2022
Mesacour Company has its own original face recognition technology and is made up of people who have worked with face recognition technology in a variety of industries. Messacour's face recognition accuracy is 100%, which is the highest level in the world.

TESSA

Series A in 2021
TESSA is an alternative investment platform for the purchase, sale and trade of fractionalized ownership interests in investment-grade blue-chip artwork (such as Warhol, Picasso, Kusama, Basquiat, etc.) with the accessibility and liquidity of public markets. The platform enables white-listed “micro-collectors” to co-own fractional ownership interests in curated blue-chip artwork represented in digital form on a public blockchain. TESSA manages all maintenance and administrative services relating to the artwork which is publicly promoted and displayed to enhance its value and broaden its exposure to the art-viewing public.

D'Cent

Series A in 2021
D'Cent specializes in providing cryptocurrency hardware wallets designed to secure digital assets. The company offers a range of embedded security services aimed at protecting customers' virtual currencies. Its products include digital asset cold storage, secure private key storage, and transaction execution solutions, which combine both software and hardware security measures. By focusing on secure connectivity solutions, D'Cent ensures that customers can confidently manage and safeguard their digital assets.

Deepbrain AI

Series B in 2021
Deepbrain AI, founded in 2016 and based in Seoul, South Korea, is an interactive AI company specializing in the development of advanced AI-powered technology solutions. The company focuses on three core areas: AI services that encompass voice, video, and conversational processing; deep learning technologies using multi-layer neural networks for machine learning applications; and chatbot systems designed for non-face-to-face communication that emulate human interaction. Deepbrain AI's conversational artificial intelligence technology has been effectively utilized across various sectors, including broadcasting, education, and customer service. With a total investment of $9.5 million, including a notable $2 million from IDG Capital in 2019, the company is expanding its partnerships with major firms like Microsoft, Kakao Partner, and SK Telecom. This strategic growth positions Deepbrain AI to enhance its offerings and enter new global markets, capitalizing on its innovative technology and increasing demand in the evolving landscape of AI.

Trost

Series A in 2021
Trost is a mental healthcare service provider based in Seoul, South Korea, established in 2016. The company specializes in offering online counseling services and an employee assistance program (EAP), which connects individuals with professional counselors for diagnosis and treatment through a mobile application. In addition to counseling, Trost provides various self-analysis tests that include psychological assessments, personality evaluations, depression screenings, self-esteem assessments, job stress evaluations, and MBTI-related tests. Through these services, Trost aims to enhance mental well-being and support individuals in managing their psychological health.

Microsystems

Seed Round in 2020
Microsystems, Inc. specializes in innovative microfluidic technologies tailored for the autonomous driving and security sectors. The company has introduced Drop Free Glass (DFG), the first electronic self-cleaning glass designed for automotive and security camera applications. This technology effectively removes contaminants such as rainwater, fog, frost, and dust, enhancing visibility and performance. Since its inception, Microsystems has partnered with leading automotive companies to integrate advanced self-cleaning features into their products, thereby improving the functionality and reliability of vehicles and security systems.

Alsemy

Seed Round in 2020
Developer of semiconductor design platform designed to provide machine learning-based automated modeling technology. The company's platform leverages artificial intelligence technology to develop a program that can simulate providing a model to self-learn from data collected, enabling enterprises to fasten the development period and avoid errors that may occur in the design stage.

Wadiz

Series C in 2019
Wadiz Corp. is a leading crowdfunding platform based in Seongnam, South Korea, and was founded in 2012. It serves as Asia's largest crowdfunding platform, facilitating both product and equity-based crowdfunding for startups and entrepreneurs. The platform enables creative projects to secure funding while allowing investors to access innovative companies at their early stages. By connecting businesses in need of financial support with potential investors, Wadiz plays a significant role in fostering entrepreneurship and innovation in the region.

M.Monstar

Series C in 2019
Developer of a corporate SI platform designed to offer a modular tool. The company offers omnichannel and mobile SCM to build SI large shopping malls in a short period, enabling clients to integrate shopping mall management.

J'CAR

Series A in 2019
J'CAR CO., LTD. is a South Korean company founded in 2016, with offices in Gwangju and Seoul. It specializes in hydrogen and electric car sharing services, providing a range of electric vehicle models for rent through a user-friendly application. The app allows customers to control the vehicles via smartphone, enhancing convenience and accessibility. In addition to its car-sharing offerings, J'CAR also focuses on manufacturing hydrogen-powered vehicles and provides information on charging station locations, promoting safe and efficient e-mobility solutions for its clients.

Beatrain

Post in 2018
Beatrain Co., Ltd. is a South Korean company founded in 2011 that specializes in the development and publishing of mobile games. Based in Seoul, Beatrain focuses on creating casual social games for mobile platforms, aiming to provide engaging and entertaining experiences for players. The company's diverse gaming portfolio includes titles such as Cooking Puzzles, Soul Knights, Baba Penguin, Warrior Goes, Trinity Master, and Elysion Saga, each designed to captivate gamers with their fun and interactive elements.

Wadiz

Venture Round in 2017
Wadiz Corp. is a leading crowdfunding platform based in Seongnam, South Korea, and was founded in 2012. It serves as Asia's largest crowdfunding platform, facilitating both product and equity-based crowdfunding for startups and entrepreneurs. The platform enables creative projects to secure funding while allowing investors to access innovative companies at their early stages. By connecting businesses in need of financial support with potential investors, Wadiz plays a significant role in fostering entrepreneurship and innovation in the region.

Maxst

Series A in 2017
Maxst Co., Ltd. is an augmented reality technology company based in Seoul, South Korea, founded in 2010. It specializes in designing and developing a cross-platform augmented reality software development kit (SDK) that enables developers and organizations to create applications that merge physical and digital realities. The company offers various products, including AR SDK, AR Collaboration, and AR Guide, which are built for security, reliability, and scalability. Maxst aims to enhance decision-making capabilities through its advanced AR, AI, and computer vision technologies. The company has established partnerships with leading firms such as Hyundai & Kia, SK Telecom, LG Electronics, KT, and Naver, positioning itself as a key player in the augmented reality market.

Double H, Inc.

Venture Round in 2017
Double H is a start-up venture that provides differentiated wearable health-care devices. It combines light therapy technology with ICT technology. It developed and extended the use of LED technology devices, which previously has been utilized mainly for medical purposes, to personal devices not only with very sophisticated and creative design but also with safety and differentiated functions. It also integrated ICT technology by adding a sensor to the device.

Deepbrain AI

Series A in 2017
Deepbrain AI, founded in 2016 and based in Seoul, South Korea, is an interactive AI company specializing in the development of advanced AI-powered technology solutions. The company focuses on three core areas: AI services that encompass voice, video, and conversational processing; deep learning technologies using multi-layer neural networks for machine learning applications; and chatbot systems designed for non-face-to-face communication that emulate human interaction. Deepbrain AI's conversational artificial intelligence technology has been effectively utilized across various sectors, including broadcasting, education, and customer service. With a total investment of $9.5 million, including a notable $2 million from IDG Capital in 2019, the company is expanding its partnerships with major firms like Microsoft, Kakao Partner, and SK Telecom. This strategic growth positions Deepbrain AI to enhance its offerings and enter new global markets, capitalizing on its innovative technology and increasing demand in the evolving landscape of AI.

Brich

Series A in 2017
Brich is an online-to-offline (O2O) service that facilitates the sale of the latest Korean fashion trends through a global integrated marketplace platform. Established a year ago, the company assists local fashion boutiques in selling their products online by streamlining various aspects of e-commerce, including market entry, product registration, order management, delivery processing, and customer service. This comprehensive approach allows customers to easily search for specific items or explore a wide array of brands, enhancing the shopping experience while promoting the unique offerings of smaller boutiques. Brich has also gained financial support from Hana Financial Investment to further its operations.

Double H, Inc.

Venture Round in 2016
Double H is a start-up venture that provides differentiated wearable health-care devices. It combines light therapy technology with ICT technology. It developed and extended the use of LED technology devices, which previously has been utilized mainly for medical purposes, to personal devices not only with very sophisticated and creative design but also with safety and differentiated functions. It also integrated ICT technology by adding a sensor to the device.

LinearHub (Roundee.io)

Venture Round in 2016
We help users focus on the meeting and eliminate the time lost in post meeting follow up's. Roundee.io is a smart video meeting service with hassle free recording and rich post recording. Meeting information is not lost anymore. Roundee.io is integrated with commercial collaboration tools like Slack and Microsoft Teams(not launched yet), bringing all the meeting information in one place.

Maxst

Seed Round in 2016
Maxst Co., Ltd. is an augmented reality technology company based in Seoul, South Korea, founded in 2010. It specializes in designing and developing a cross-platform augmented reality software development kit (SDK) that enables developers and organizations to create applications that merge physical and digital realities. The company offers various products, including AR SDK, AR Collaboration, and AR Guide, which are built for security, reliability, and scalability. Maxst aims to enhance decision-making capabilities through its advanced AR, AI, and computer vision technologies. The company has established partnerships with leading firms such as Hyundai & Kia, SK Telecom, LG Electronics, KT, and Naver, positioning itself as a key player in the augmented reality market.

General Bio

Venture Round in 2015
General Bio Co., Ltd. engages in the research and development of cosmeceutical products, peeling care products, functional foods, eco household items, and baby skin care products in South Korea and internationally. It provides basic skin care, body care, base make-up, and special care products; saponin, diet, and health foods, as well as functional coffee products; hair/body, air freshener/dehumidifying agent, household/health care, and detergent/bathroom/sanitation products; and baby skin care products. The company offers its products under the CareCella, CK Balance, Active DS, Gcoop Cafe, General Balance, ECOER SNOW, and GCOOP brands. General Bio Co., Ltd. was founded in 2007 and is headquartered in Wanju-gun, South Korea.

General Bio

Seed Round in 2015
General Bio Co., Ltd. engages in the research and development of cosmeceutical products, peeling care products, functional foods, eco household items, and baby skin care products in South Korea and internationally. It provides basic skin care, body care, base make-up, and special care products; saponin, diet, and health foods, as well as functional coffee products; hair/body, air freshener/dehumidifying agent, household/health care, and detergent/bathroom/sanitation products; and baby skin care products. The company offers its products under the CareCella, CK Balance, Active DS, Gcoop Cafe, General Balance, ECOER SNOW, and GCOOP brands. General Bio Co., Ltd. was founded in 2007 and is headquartered in Wanju-gun, South Korea.

Soundl.ly

Seed Round in 2015
Soundl.ly, Inc. is a South Korean company that specializes in data-over-audio technology, enabling seamless device pairing without user intervention. Founded in 2012 and based in Seoul, the company offers a solution that transmits information through inaudible sound waves, making it a cost-effective alternative to Bluetooth technology. This software-based approach simplifies user experience by eliminating the need to activate Bluetooth, thus streamlining the connection process. Soundl.ly's patented technology leverages RADAR principles, allowing for real-time viewer identification and personalized advertising, such as targeted TV commercials. The company has collaborated with notable clients like Akbank, Shopping&T, and Lotte Cinema, demonstrating its impact across various industries, including advertising and entertainment.

Encored

Series A in 2014
Encored, Inc. is a company that specializes in developing a cloud-based energy big-data platform designed to enhance energy efficiency for residential and commercial clients in the United States and Japan. The platform offers a variety of features, including real-time peak monitoring, structural usage analysis, energy consumption tracking, and goal management, all aimed at identifying opportunities for energy savings and optimizing operations. Founded in 2013 and based in San Jose, California, Encored utilizes advanced disaggregation technology and data science to provide valuable insights into energy usage. The company is composed of a diverse team of experts, including mathematicians, statisticians, and computer scientists, who are committed to making a positive impact on society by promoting efficient energy use and supporting energy-underprivileged individuals.

iFunFactory

Series A in 2014
iFunFactory is a South Korean company founded in May 2013, specializing in backend solutions for mobile game development and operation. The company offers a range of products designed to streamline the game creation process, including iFunEngine, a mobile game server framework, and iFun Cloud, a game-specific platform-as-a-service (PaaS) solution. Additionally, iFunFactory provides the iFun Map Editor, a tool for designing game environments. By minimizing development overhead, iFunFactory allows game developers to concentrate on content creation and data analysis, enhancing the overall gaming experience.

SP Nano

Series B in 2014
SP Nano Ltd. is a nanotechnology company based in Yavne, Israel, specializing in the development of advanced materials for industries such as aerospace, automotive, and energy. Founded in 2007, the company focuses on enhancing textiles and composite materials through its proprietary product, SP1, a nano-reinforcement protein agent. This innovative technology employs genetically engineered proteins to facilitate the integration of carbon nanotubes into composite structures, significantly improving their strength and sustainability. By addressing the inherent weaknesses of traditional composite materials, which often arise from the disparity in strength between the reinforcing fibers and the resin matrix, SP Nano enables the production of lighter and more durable components for various applications. The company's approach positions it within the rapidly expanding composites market, which is valued at over $106 billion.

SP Nano

Series A in 2012
SP Nano Ltd. is a nanotechnology company based in Yavne, Israel, specializing in the development of advanced materials for industries such as aerospace, automotive, and energy. Founded in 2007, the company focuses on enhancing textiles and composite materials through its proprietary product, SP1, a nano-reinforcement protein agent. This innovative technology employs genetically engineered proteins to facilitate the integration of carbon nanotubes into composite structures, significantly improving their strength and sustainability. By addressing the inherent weaknesses of traditional composite materials, which often arise from the disparity in strength between the reinforcing fibers and the resin matrix, SP Nano enables the production of lighter and more durable components for various applications. The company's approach positions it within the rapidly expanding composites market, which is valued at over $106 billion.
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