ID Ventures

ID Ventures Co., Ltd. is a venture capital firm that focuses on identifying, investing in, and nurturing innovative companies that have the potential to impact lives positively. The firm specializes in intellectual property-driven ventures, supporting businesses that prioritize technological advancements and transformative solutions. By fostering innovation, ID Ventures seeks to contribute to the growth of pioneering enterprises that can drive significant change in their respective industries.

Prem Bodagala

Director

Sungsoon Cho

Senior Director

Martin Dober

Managing Director

Patti Glaza

Managing Director

Chang Min Heo

Senior Director

Belvin Liles

Venture Innovation Associate

Jeff Ponders

Principal

Lee Rawlings

Managing Director

45 past transactions

BRUSH Theatre

Seed Round in 2024
BRUSH Theatre is a theatre for live performances.

Fescaro

Series B in 2024
Fescaro Co., Ltd. specializes in designing and developing cybersecurity software solutions tailored for the automotive industry. Founded in 2016 and based in Seongnam, South Korea, the company offers comprehensive security measures at multiple levels, including the vehicle's ECU, in-vehicle network, and V2X network. Its product lineup features FAST HSM, which ensures the integrity of ECU firmware in varying driving conditions; FAST IDS, which detects various cybersecurity threats such as denial of service and spoofing; and FAST VTI, which provides security audits, assessments, and updates. Fescaro's technology is particularly focused on addressing the security challenges associated with the mass production of self-driving and connected vehicles, utilizing proprietary methods to detect and block abnormal data packets in real-time, thereby enhancing automotive cybersecurity.

Aminolab

Venture Round in 2023
Aminolab focuses on developing innovative blood resource recycling technology to address the environmental challenges posed by waste blood treatment. The company recognizes the global burden associated with processing waste blood and aims to improve sustainable practices in this area. Since its inception in 2013, Aminolab has advanced a unique amino acid extraction process that utilizes natural enzymes to hydrolyze slaughter blood. This technology transforms waste into high-quality, nutritious products, catering to various industries, including food, cosmetics, feed additives, and plant nutrients. In April 2022, Aminolab completed the construction of a factory dedicated to mass production, further enhancing its capacity to deliver these valuable resources.

Infoplus

Series A in 2022
Infoplus specializes in providing financial software solutions and services that leverage the latest technological advancements. The company operates an automated financial API platform designed to facilitate connections between businesses and individuals for improved financing options. Its platform focuses on automated financial services, allowing clients to develop tailored fintech applications such as enterprise resource planning (ERP) and business management systems (BMS). Additionally, Infoplus supports e-commerce and e-wallet services by maintaining a comprehensive customer financial database, enabling users to streamline their financial operations effectively.

Umag

Series A in 2022
Umag is a music content company focused on creating, managing, and monetizing music-related content. It operates by leveraging its own music intellectual property and brand, offering services such as brand channel development, concert organization, and advertising. The company also engages in direct copyright management and digital distribution, particularly on platforms like YouTube, allowing users to access a diverse music experience. Through these efforts, Umag aims to effectively monetize various music sources and enhance the overall value of its content offerings.

Sirs

Seed Round in 2022
Sirs is a men's medical healthcare platform that offers non-face-to-face treatment, drug delivery, and consultation services.

Vastera

Series B in 2022
Bastera is a biotech company with the primary goal of developing groundbreaking treatments for cardiovascular and cancer diseases. Their approach involves targeting new redox signaling pathways, aiming to pioneer "first-in-class" therapies in these fields. Vastera was established in 2018 when SangWon Kang, a professor at Ewha Womans University, transferred a patent based on research results on redox signaling in blood vessels and cancer.

Lion Rocket

Series A in 2021
Lion Rocket develops deep learning-based voice engine.

adoc

Series A in 2021
adoc provides medical records, discount medical examination, check AI symptoms and compare hospital expenses services.

Curamys

Series A in 2021
Curamys is a biotechnology company focused on developing innovative cell fusion technology aimed at treating rare and intractable diseases. The company specializes in cell gene therapy, which utilizes a unique approach where stem cells are engineered to locate diseased cells and facilitate their fusion. This process not only promotes healing in the affected cells but also enhances the overall treatment capabilities for healthcare professionals addressing genetic disorders. By leveraging this advanced technology, Curamys aims to provide effective solutions for conditions that currently lack adequate treatment options.

Enfusion

Series A in 2021
Enfusion is a developer of mobile and PC games

AI For Pet

Seed Round in 2021
AI For Pet is a company that utilizes artificial intelligence to improve pet healthcare through innovative technology. Their primary product, TTcare, enables pet owners to assess their pets' health by analyzing images of their eyes, skin, and dental and joint conditions with a 95% accuracy rate, simply by using a mobile device. This technology is the result of collaboration with veterinary colleges and clinics in the United States and South Korea. AI For Pet focuses on the early identification and preventative management of health issues in pets, allowing for timely interventions and better overall wellness. By informing pet owners about potential health concerns, the platform aims to enhance the homecare experience for both pets and their companions.

Sevenbroi Beer

Series A in 2021
Sevenbroi Beer manufactures homemade beers.

Motov

Series B in 2021
Motov is a digital advertising agency that specializes in connecting advertisers with audiences through innovative geofenced ad campaigns. The company operates a real-time location-based taxi tower system that serves as a unique platform for advertising. This system not only facilitates targeted advertising but also provides an advertiser center, which offers real-time insights into ad exposure in taxis. By utilizing aggregated public data, Motov delivers valuable information regarding demographics and the floating population, effectively enhancing the advertising experience. Additionally, the platform creates opportunities for taxi drivers to generate extra income while enabling local governments to improve public services through the data collected from street activities.

Trost

Series A in 2021
Trost, operated by Humart Company Co., Ltd., specializes in mental healthcare services, offering a range of online counseling options. Founded in 2016 and headquartered in Seoul, South Korea, Trost utilizes a mobile application to facilitate consultations between users and licensed counselors, enabling effective diagnosis and treatment. In addition to counseling, the platform provides various self-analysis tests, including psychological assessments, personality evaluations, and stress-related tests. Through its employee assistance program, Trost aims to enhance mental well-being in both individual and workplace settings.

Plain Bagel

Series A in 2021
Plain Bagel is a media content platform that specializes in technology and content development services. The company focuses on creating AI-based applications tailored for digital natives, leveraging its proprietary advanced AI algorithms. This enables Plain Bagel to offer automation solutions and chat-type simulation games, enhancing user engagement and experience. Through its innovative approach, Plain Bagel aims to optimize media services in a rapidly evolving digital landscape.

Homefit

Series A in 2021
HOMEFIT Inc. is a South Korean company that offers on-demand personal training services in the comfort of clients' homes. Founded in 2017 and based in Seoul, HOMEFIT provides a range of fitness programs, including regular exercise routines, short-term training, and corporate or group sessions. The company focuses on personalized fitness services delivered by professional coaches, tailoring programs to meet the unique needs of individuals or groups. This approach aims to promote healthy habits and help clients achieve their desired fitness levels.

Aminolab

Venture Round in 2021
Aminolab focuses on developing innovative blood resource recycling technology to address the environmental challenges posed by waste blood treatment. The company recognizes the global burden associated with processing waste blood and aims to improve sustainable practices in this area. Since its inception in 2013, Aminolab has advanced a unique amino acid extraction process that utilizes natural enzymes to hydrolyze slaughter blood. This technology transforms waste into high-quality, nutritious products, catering to various industries, including food, cosmetics, feed additives, and plant nutrients. In April 2022, Aminolab completed the construction of a factory dedicated to mass production, further enhancing its capacity to deliver these valuable resources.

Sellerhub

Venture Round in 2020
Imagine if you are the online seller, having to sign up and upload your products to 30+ different major commerce websites to maximize your sales. Sellerhub is a web-based commerce suite of solutions where you as the seller sign up, create your online shop, upload product information ONCE then it will be transferred/synched on up to 30+ different major commerce websites at the same time and allow you to manage all their orders in a single integrated dashboard. From building your online shop front, expanding commerce channels, as well as integrating marketing/ad and fulfillment operations, Sellerhub is a one-stop solution for online sellers to manage ALL of your commerce activities in a single dashboard. Key Benefits: 1. Create and manage a beautiful, fully customizable Flagship store online. 2. Single product upload, API-transfer up to 30+ major commerce websites and begin selling simultaneously 3. Fulfillment, Dropshipping, and professional services are also available for you to choose from the full suite of solutions, either directly or through partnership program Established in 2012 with accrued GMV of 1.2 Billion USD, Sellerhub offers a full suite of solutions & services that empower online seller's selling activities, helping you grow revenue and reduce cost/time managing.

Ripple Science

Venture Round in 2020
Ripple Science Corporation specializes in developing web-based software aimed at enhancing the recruitment and management of participants in clinical, translational, and social science studies. Founded in 2016 and headquartered in Ann Arbor, Michigan, the company offers solutions that streamline various aspects of the research process, including participant tracking, recruitment campaign management, and task management. Ripple Science's flagship product, Ripple SaaS, leverages sales and marketing automation tools to expedite participant recruitment, significantly benefiting academic researchers and clinical trial sites. Currently, its software is utilized by over 75 academic and research centers globally, including prestigious institutions such as Johns Hopkins University and the University of California, Los Angeles. By addressing the challenges of patient recruitment and engagement, Ripple Science enables researchers to enhance communication and collaboration, leading to more efficient study operations and quicker completion times.

Amondz

Series A in 2020
Amondz is a jewelry e-commerce platform designed to enhance the domestic jewelry market by connecting buyers and sellers. The platform offers quick access to a comprehensive production list and provides price quotations for consumers. Additionally, it emphasizes personalized customer support and consultation for sellers, facilitating a seamless interaction between both parties. By creating a reliable network of trustworthy sellers, Amondz aims to increase revenue opportunities for its clients while streamlining the purchasing process for consumers.

Sellerhub

Series A in 2019
Imagine if you are the online seller, having to sign up and upload your products to 30+ different major commerce websites to maximize your sales. Sellerhub is a web-based commerce suite of solutions where you as the seller sign up, create your online shop, upload product information ONCE then it will be transferred/synched on up to 30+ different major commerce websites at the same time and allow you to manage all their orders in a single integrated dashboard. From building your online shop front, expanding commerce channels, as well as integrating marketing/ad and fulfillment operations, Sellerhub is a one-stop solution for online sellers to manage ALL of your commerce activities in a single dashboard. Key Benefits: 1. Create and manage a beautiful, fully customizable Flagship store online. 2. Single product upload, API-transfer up to 30+ major commerce websites and begin selling simultaneously 3. Fulfillment, Dropshipping, and professional services are also available for you to choose from the full suite of solutions, either directly or through partnership program Established in 2012 with accrued GMV of 1.2 Billion USD, Sellerhub offers a full suite of solutions & services that empower online seller's selling activities, helping you grow revenue and reduce cost/time managing.

Plain Bagel

Seed Round in 2019
Plain Bagel is a media content platform that specializes in technology and content development services. The company focuses on creating AI-based applications tailored for digital natives, leveraging its proprietary advanced AI algorithms. This enables Plain Bagel to offer automation solutions and chat-type simulation games, enhancing user engagement and experience. Through its innovative approach, Plain Bagel aims to optimize media services in a rapidly evolving digital landscape.

WHYNOT Media

Series B in 2019
WHYNOT Media Co., Ltd. is a South Korean company established in 2016 that specializes in developing and operating a video content streaming platform. The company offers a diverse range of entertainment, including web series, short films, and web dramas. Some of its notable web series are "Secret Crushes," "Always a Boyfriend," "Never a Boyfriend," and "Office Watch." WHYNOT Media focuses on creating engaging content that resonates with various cultural backgrounds, providing viewers with easily accessible entertainment. In addition to original productions, the company also engages in content IP production, branded content, and transmedia storytelling, further enhancing its offerings in the realm of web entertainment.

Soomgo

Series B in 2019
Soomgo, Inc. operates an on-demand online platform that connects customers in South Korea with local service professionals across a wide range of categories. Founded in 2014 and headquartered in Seoul, the company facilitates access to over 1,000 services, including music lessons, fitness training, academic tutoring, home services, event planning, wedding design, and beauty services. As the largest local service marketplace in South Korea, Soomgo aims to streamline the hiring process for users by enabling them to quickly and easily find and hire qualified professionals for their specific needs. The company is backed by prominent investors from both the United States and Korea, further bolstering its position in the market.

Nature Gluetech

Series A in 2019
Nature Gluetech specializes in the development and commercialization of bioadhesive technologies. The company focuses on bio-glue technology derived from mussel adhesive proteins, which are designed for rapid treatment and effective minimization of scars. These bioadhesives can be utilized as underwater adhesives, providing a versatile solution for joining skin wounds, bones, tissues, and organs. By offering an innovative approach to wound care, Nature Gluetech aims to enable patients to manage their injuries with greater ease and reduced discomfort.

Fortium

Seed Round in 2019
Fortium is a sports science research company that specializes in designing functional clothing aimed at enhancing athlete performance and facilitating recovery. The company offers a range of products, including leggings, calf supporters, wrist protection accessories, ankle boots, muscle suits, and correction wear. These items are developed to help athletes prevent injuries and support their rehabilitation process, ensuring that they can perform at their best.

Madup

Series B in 2019
Madup specializes in mobile app marketing services, focusing on optimizing advertising efficiency for startups and small to medium-sized businesses. The company provides a range of services, including app marketing consulting, platform management, and advertisement planning. Utilizing data from tracking tools, Madup implements various marketing strategies such as reward marketing, cost-per-install (CPI), cost-per-action (CPA), and cost-per-thousand impressions (CPM) to enhance the effectiveness of clients' advertising efforts. By collaborating with major companies across diverse sectors, including commerce, real estate, and education, Madup aims to address the digital marketing challenges faced by its clients. The company is committed to employing innovative, ad tech-based performance marketing techniques to maximize the marketing value for its clients, while continually adapting to trends and revenue models in the mobile app market.

Amondz

Series A in 2019
Amondz is a jewelry e-commerce platform designed to enhance the domestic jewelry market by connecting buyers and sellers. The platform offers quick access to a comprehensive production list and provides price quotations for consumers. Additionally, it emphasizes personalized customer support and consultation for sellers, facilitating a seamless interaction between both parties. By creating a reliable network of trustworthy sellers, Amondz aims to increase revenue opportunities for its clients while streamlining the purchasing process for consumers.

LATELY

Series A in 2018
LATELY is an online marketplace specializing in fashion, offering a wide range of products including clothing, shoes, accessories, cosmetics, and lifestyle items. With four years of experience, the company operates a robust B2B2C platform called "Seller Hub," which integrates with major marketplaces through API, allowing merchants to efficiently sell their products across multiple channels. Recently, LATELY launched an app that highlights K-fashion designer brands, making it easier for customers to discover and purchase high-end Korean apparel. The platform caters to consumers seeking stylish and aesthetic alternatives in fashion, thereby enhancing their shopping experience.

Laftel

Venture Round in 2018
Laftel Inc. is a South Korean company founded in 2014 that specializes in digital content services, focusing primarily on streaming animated videos and comics. The company operates a mobile app and web platform that not only streams a diverse range of anime movies and animated series across various genres, such as action, adventure, music, and sports, but also curates comic recommendations based on users' preferences. By analyzing reader interests, Laftel aims to enhance the user experience, providing tailored content that keeps audiences engaged. The platform serves as a comprehensive hub for fans of both anime and comics, making it a notable player in the digital entertainment industry.

Locix

Series B in 2018
Locix, Inc. specializes in developing advanced technology products and services aimed at enhancing spatial and contextual awareness for smart homes and commercial environments. The company offers a range of solutions, including the Locix HD Vision sensor, which collects visual insights for monitoring and analysis, and the Locix Local Positioning System, which provides accurate indoor and outdoor location tracking for Wi-Fi enabled devices. Additional offerings include SmartDock, which utilizes AI to optimize loading and unloading processes, and SmartLPS, which digitizes and analyzes operational data in warehouses. Locix also provides solutions for monitoring various environments, such as warehouses and construction sites, as well as tools for contact tracing and compliance during the COVID-19 pandemic. Founded in 2015 and based in Silicon Valley, Locix has received backing from multiple venture and strategic investors.

FreshCar

Funding Round in 2018
FreshCar operates a platform that offers car subscription services, enabling customers to access vehicles on a monthly basis without the traditional burdens of ownership such as down payments, insurance, or maintenance costs. The company specializes in advanced software solutions designed for vehicle subscriptions, which it provides to auto retailers, original equipment manufacturers (OEMs), and fleet operators. This software allows auto dealerships to launch and manage their own car subscription offerings effectively. In addition to its software services, FreshCar also offers strategic consulting on subscription models to automotive companies. Founded in 2016 and based in Ann Arbor, Michigan, FreshCar was previously known as Carma Car Inc. before rebranding in April 2018.

Podbbang

Series B in 2018
Podbbang is an audio content platform based in Seoul, South Korea, specializing in podcasts across various genres, including culture, entertainment, current affairs, economy, language, and sports. The company offers a diverse range of audio content, featuring contributions from writers, professional voice actors, entertainers, and lectures on numerous topics. Podbbang's platform is designed to facilitate both the enjoyment and creation of audio content, making it accessible and user-friendly for its audience.

Soomgo

Series A in 2018
Soomgo, Inc. operates an on-demand online platform that connects customers in South Korea with local service professionals across a wide range of categories. Founded in 2014 and headquartered in Seoul, the company facilitates access to over 1,000 services, including music lessons, fitness training, academic tutoring, home services, event planning, wedding design, and beauty services. As the largest local service marketplace in South Korea, Soomgo aims to streamline the hiring process for users by enabling them to quickly and easily find and hire qualified professionals for their specific needs. The company is backed by prominent investors from both the United States and Korea, further bolstering its position in the market.

Tapas Media

Series A in 2017
Tapas Media, Inc. operates Tapastic, an online platform that serves as a community for indie comic artists and visual storytellers. Founded in 2012 and based in San Francisco, the company supports over 50,000 creators who publish original serialized webcomics and novels. With more than 2 million monthly unique readers, the platform engages users for a total of 70 million minutes each month, and its stories have been read over 5 billion times. Tapas Media collaborates with top creators to co-produce original intellectual properties that can be adapted into various media formats, including television series and films. The audience predominantly consists of female millennials in the United States, and the Tapas app is among the top-grossing comics applications on both iOS and Android, with over 2 million downloads.

Blind

Series B in 2017
Blind is an anonymous professional network that enables verified individuals to connect and engage in meaningful discussions about workplace issues. With over 4.1 million users globally, the platform offers private channels for communication within companies as well as open forums for cross-industry interactions. This structure allows professionals to share valuable insights, such as job offer details and candid feedback about company culture, without the risk of judgment or retribution. By promoting transparency and open dialogue, Blind aims to flatten professional barriers, empowering users to make informed decisions and inspire positive changes in their work environments.

ExoCoBio

Series A in 2017
ExoCoBio Inc. is a South Korean company founded in 2017 that specializes in the development of biopharmaceuticals and cosmeceuticals derived from stem cell-derived exosomes. These nano-vesicles play a crucial role in intercellular signaling, facilitating skin and tissue regeneration. ExoCoBio focuses on creating innovative therapeutics and cosmetic products aimed at enhancing health and promoting regeneration, particularly in skin and hair. By leveraging the unique properties of exosomes, the company aims to provide effective alternatives in regenerative medicine and improve overall well-being.

Fast Five

Series B in 2017
Fast Five is a premium SOHO office business center designed to provide attractive and efficient co-working spaces for startups and small-to-medium-sized companies. The company operates a membership-based model that allows members to access office spaces in high-demand locations without requiring a deposit. Fast Five aims to foster a sense of community among its members, facilitated by a community manager who helps build connections among founders, investors, professionals, and freelancers. The office environment is enhanced by communal perks such as free coffee, draft beer, and networking events, which promote collaboration and social interaction among members.

Wadiz

Series A in 2016
Wadiz is a prominent crowdfunding platform in South Korea that specializes in both product and equity-based crowdfunding. It connects entrepreneurs and startups with potential investors, facilitating the funding of creative projects and innovative businesses. With a user base of 6.6 million members and 10 million monthly visitors, Wadiz has become a significant player in the crowdfunding landscape, managing over 18,000 projects annually and accumulating a transaction value exceeding $1 billion. Recognized as one of Korea's top game-changing brands, the platform enhances the entrepreneurial ecosystem by providing valuable opportunities for businesses to secure funding while allowing investors to engage with emerging companies at an early stage. Wadiz is preparing to go public on the Korean stock market, further solidifying its position in the industry.

Honey Biz

Series B in 2016
Honey Biz is a mobile app that provides food delivery services.

Nature Gluetech

Series A in 2016
Nature Gluetech specializes in the development and commercialization of bioadhesive technologies. The company focuses on bio-glue technology derived from mussel adhesive proteins, which are designed for rapid treatment and effective minimization of scars. These bioadhesives can be utilized as underwater adhesives, providing a versatile solution for joining skin wounds, bones, tissues, and organs. By offering an innovative approach to wound care, Nature Gluetech aims to enable patients to manage their injuries with greater ease and reduced discomfort.

Dining Code

Venture Round in 2015
Dining Code Ltd. is a South Korean company founded in 2014, based in Seoul. It operates an online search portal that leverages big data analytics to assist users in discovering restaurants in their local area. The platform aims to enhance the dining experience by providing tailored recommendations and easy access to a variety of dining options.

RecordFarm

Seed Round in 2015
RecordFarm Inc. is a social audio platform located in Seoul, Korea, designed to facilitate the recording, uploading, listening, and sharing of audio content. The platform focuses on promoting originally created audio files, enabling artists to upload their music and reach a broader audience. RecordFarm employs a unique royalty system that rewards users based on their activity, allowing both artists and listeners to benefit financially from the platform. This model not only supports artists in promoting and selling their work but also incentivizes listener engagement, creating a dynamic ecosystem for audio content creation and consumption.
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