POSCO Capital

POSCO Capital, founded in 1997 and based in Seoul, South Korea, serves as the corporate venture capital arm of POSCO. The firm focuses on investing in companies within the deep technology sector, aiming to foster innovation across various industries. Through its POSCO Advanced Technical Staff Fund, the company specifically targets opportunities in technology sectors, leveraging its expertise to support the growth of emerging businesses.

Joo-Young Park

Partner

Past deals in South Korea

Testworks

Series B in 2023
Testworks is a social enterprise based in Seoul, Korea. It specializes in innovative solutions for AI data processing automation and software testing, while also promoting inclusivity by providing employment opportunities to socially disadvantaged individuals.

H2

Series C in 2023
H2 is a Korea-based energy storage company specializing in vanadium redox flow batteries (VRFB). It develops and manufactures energy storage systems, including EnerFLOW series such as EnerFLOW 410 and EnerFLOW 420, designed for small- to large-scale applications and long-duration storage. The company is based in Daejeon, South Korea. Its VRFB technology supports microgrids, renewable integration, and utility-scale deployments, delivering flexible power and enabling reduced CO2 emissions and improved energy efficiency. H2 offers engineering services tailored to customer needs and focuses on large-scale energy storage solutions.

Perseus

Venture Round in 2021
Perseus Inc. is a technology company that specializes in developing security software specifically for the automotive industry. Founded in 2016 and headquartered in Seoul, South Korea, with additional offices in San Jose, California, and Munich, Germany, Perseus focuses on enhancing automobile infrastructure security through its innovative hypervisor technology. This solution allows multiple applications and operating systems to operate on a single system-on-chip (SoC), significantly reducing the number of SoCs required in connected vehicles from an average of 120 to just 30, which can lead to cost savings of up to 75%. The company also provides a secure container that emulates the functionality of ARM TrustZone, ensuring dynamic protection for applications. Additionally, its Linux fast boot technology accelerates the startup time for embedded devices. Perseus's security solutions are designed to maintain high performance even under potential operating system attacks, offering fine-grained control over security parameters for enhanced protection.

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.

Petnow

Seed Round in 2021
Petnow Inc., established in Seoul, Korea in 2018, specializes in AI-driven biometric identification for pets. It offers a platform that recognizes dogs via nose prints and cats through facial recognition, securely storing pet data linked to owners. The company aims to create safer pet environments by connecting individual pet ownership with industry platforms and public sector infrastructure.

Shaperon

Series C in 2020
Shaperon is a clinical-stage biotechnology company specializing in the research and development of immunological cells and inflammasome inhibitors. Founded in 2008, it is headquartered in Seoul, South Korea.

Hodoo Labs

Series A in 2020
Hodoo Labs develops educational games, notably 'Hodoo English', a quest-based MMORPG designed to improve spoken English skills. It employs speech recognition technology and immersive gameplay, featuring over 300 non-player characters for meaningful conversations.

Brich

Venture Round in 2018
Brich is an online-to-offline (O2O) service that specializes in delivering the latest Korean fashion trends. Launched a year ago, the company operates a global integrated marketplace platform designed to assist local fashion boutiques in selling their products online. Brich streamlines the complexities of market entry by integrating various aspects of e-commerce, including product registration, order management, delivery processing, and customer service. This comprehensive approach enables customers to easily search for items and explore a wide range of brands, enhancing their shopping experience while supporting local boutiques.

Neofect

Venture Round in 2012
Neofect Co. Ltd, founded in 2010 by Hoyoung Ban, Scott Kim, and Young Choi, is a South Korean company focused on developing innovative rehabilitation training products and services for patients with neurological and musculoskeletal injuries. Its flagship product, the RAPAEL Smart Glove, was introduced in 2014 and has received FDA clearance, gaining traction among home patients and hospitals worldwide, including prominent institutions like NewYork-Presbyterian and the Department of Veterans Affairs. In addition to the Smart Glove, Neofect offers a range of products such as the RAPAEL Smart Pegboard, RAPAEL Smart Board, and RAPAEL Smart Kids. The company has also engaged in research, including a study with the National Rehabilitation Center in Korea that demonstrated the effectiveness of virtual reality-based rehabilitation combined with traditional therapy for stroke patients. Neofect operates offices in South Korea, the U.S., and Germany, with its products available in those regions and across Europe.
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