Korea Development Bank

Korea Development Bank (KDB) is a state-run investment bank based in Seoul, South Korea, established in 1954. The bank offers a wide range of banking products and services both domestically and internationally, organized into several segments including Corporate Finance, Investment Finance, Asset Management, Insurance, and Overseas operations. KDB provides various deposit products, corporate banking services such as facility capital loans and debt guarantees, and investment banking offerings including mergers and acquisitions, venture capital, and project finance. Additionally, it engages in international banking activities, facilitating trade finance and structured finance solutions. KDB also supports corporate restructuring and consulting, providing strategic guidance for new projects and financial advisory services. Serving individual customers, corporations, and small to medium enterprises, KDB operates through 74 domestic branches, 9 overseas branches, and 9 representative offices, playing a pivotal role in fostering economic development in Korea.

Sang Ki Bae

Investor Relations, Private Equity

171 past transactions

Rebellions

Series A in 2022
AI chip architects are often inattentive to advanced deep learning features and requirements because they believe software stacks between their silicon and algorithms can provide effective abstract layers. We disagree. We do not think such naively designed chips can efficiently utilize expensive custom silicon resources. The more native hardware supports are enabled, the higher performance is achieved. Rebellions Inc is building genuine AI accelerators by bi-directionally bridging the gap between underlying silicon architectures and deep learning algorithms. We push algorithm boundaries to better exploit silicon budgets, while re-architecting AI processors to incorporate sophisticated deep learning features through silicon-dedicated DL kernels. Our goal is to deliver a domain-specific AI processor along with its optimized software. This approach, together with our unique decentralized programming model, will enable customers to arm with the most powerful yet energy-efficient AI hardware as well as seamless integration.

Livicon

Series C in 2021
Livicon Co., Ltd. manufactures and supplies polymer-dispersed liquid crystal display. The company offers film, glass lamination, and self-adhesive displays. It serves construction, automotive, and advertisement industries. The company was founded in 2014 and is headquartered in Chungju, South Korea.

Jaranda

Series B in 2022
Jaranda Co., Ltd. owns and operates a platform that integrates teachers, parents, and students. The company is based in Seoul, South Korea.

SmartScore

Series D in 2021
Developer of a golf score-keeping software based in Seoul, South Korea. The company engages in providing differentiated golf course information, provision of aerial photography of golf course, group round management function as well as player assistance services, enabling the clients with their golf needs.

3billion

Series B in 2019
3billion, Inc. provides genetic testing and analyzing services to rare disease patients. The company was founded in 2016 and is based in Seoul, South Korea.

China Bank

Debt Financing in 2015
At China Bank, we are committed to making your success our business. We offer a complete range of deposit, investment, financing, remittance, and insurance products and services, accessible through our vast network of branches nationwide and secure and reliable electronic banking channels: China Bank TellerCard (ATM), China Bank Online (internet & mobile banking) and China Bank Tellerphone (phone banking)

MegazoneCloud

Series A in 2019
MegaZon is Korea's first Amazon Web Services (AWS) partner in 2012. As a Premier Consulting Partner and Reseller, they are leading the Korean cloud market with 15 years of enterprise hosting and ITSM system experience. By integrating their technology and experience with the AWS cloud infrastructure, they provide services to design, build, and manage IT infrastructures for enterprise customers. It has specialized know-how for scalable architecture configuration, development, secure security configuration, 24/7/365 monitoring and operation, and cloud environment. MegaZon's services are cost-effective and resource-efficient, creating industry-wide success stories.

OHouse

Series D in 2022
O-House is a home furnishing and interior platform. The company believes that beautiful homes can change peoples' lives for the better. Its mission is to help users decorate homes with fun, ease, and confidence. O-House revolutionizes the home furnishing and remodeling market in Korea with its user-generated style gallery, which helps users discover their preferred styles before purchasing products. On top of the marketplace for home furnishing products, it provides home remodeling services. O-House won the Best App Award by Google Play in 2018, and its app is downloaded by more than 10 million users.

MitoImmune Therapeutics Inc.

Private Placement in 2019
MitoImmune Therapeutics Inc. develops biologic drugs for treating inflammatory diseases and cancers through targeting mitochondrial. The company was founded in 2018 and is based in Seoul, South Korea.

Vueron

Series A in 2021
Vueron provides the cutting-edge LiDAR perception software for automotive and various industries. Based on Vueron's algorithm, we have developed a high performance, stable, and practical perception software to identify all objects around the sensor with low resources

Vitcon

Series A in 2018
VITCON offers products and services that make it easy for anyone to configure IoT. Vitcon develops and supplies “MODLINK”, a new concept built-in controller, which has been created with S/W and H/W technology and experienced accumulated over years. In addition, we provide free software that allows non-software engineers to use IoT by connecting to MODLINK.

Hyundai Heavy Industries/ Hyundai Samho Heavy Industries/ Hyundai Mipo Dockyard

Merger/Acquisition in 2019
Hyundai Heavy Industries/ Hyundai Samho Heavy Industries/ Hyundai Mipo Dockyard was acquired by Korea Development Bank. Hyundai Heavy Industries/ Hyundai Samho Heavy Industries/ Hyundai Mipo Dockyard represents the combined operations of Hyundai Heavy Industries Co., Ltd., Hyundai Samho Heavy Industries Co., Ltd., and Hyundai Mipo Dockyard Co., Ltd. Hyundai Heavy Industries/ Hyundai Samho Heavy Industries/ Hyundai Mipo Dockyard engages in shipbuilding and offshore businesses in South Korea. The asset is located in South Korea.

Toss Lab

Venture Round in 2018
Toss Lab, Inc. develops a collaboration tool to communicate and manage projects. It offers JANDI, an office messenger that allows clients to share with people, search for files, and manage their team with admin controls. The company works with companies and organizations in various industries across Asia and internationally, as well as serves NGOs, non-profit organizations, and educational institutes. Toss Lab, Inc. was founded in 2014 and is based in Seoul, South Korea with additional offices in Kuala Lumpur, Malaysia; and Taipei City, Taiwan.

onepredict

Series C in 2022
Established in 2016, OnePredict is a leader in industrial AI (Artificial Intelligence) technology and 9 time winner of the 'Global PHM Data Challenge' for the best industrial AI based Machine Digitalization & Intelligence solutions. OnePredict provides advanced AI solutions, the GuardiOne® Series, Cells, Edge, and Cloud solutions. GuardiOne® specializes in industrial AI solutions such as bearings, turbines, wind (wind farm), transformers, robots, and motors, and is expanding to various other industries.

RIDI

Series E in 2020
RIDI Corporation is South Korea’s leading e-reading services company, headquartered in Seoul. Eyeing remarkable success for the innovation of reading experiences, the company operates Ridibooks e-book store and provides PAPER PRO. Ridibooks provides the highest quality of reading experience through e-book viewer applications, with a wide selection of e-book contents. The service is available for Ridibooks PAPER PRO (self-developed e-ink reader), iOS, Android, Windows and Mac OS X. Ridibooks now serves more than 2.77 million users and more than 1,620,000 e-book titles until today. PAPER PRO, developed by RIDI Corporation and released in December 2017, is Korea’s first 7.8-inch e-reader. PAPER PRO’s size is optimized for reading, and features an e-ink display that resembles paper books.

Dot Inc.

Series A in 2016
Dot Incorporation developed the state-of-the-art, innovative, braille cell that is 1/20 size and 1/10 cost compared to existing piezo-electric cells that have long been considered to be the standards in the braille device market. As an electro-magnetic actuator, the Dot cell is able to bring revolutionary changes, first starting with the world’s first braille smartwatch, the Dot Watch. To be able to walk around freely without any inconvenience in the everyday life. The goal of Dot is to solve the basic problem of cost, size and functions of braille in order to reduce the invisible informational gap through tactile literacy.

Fount

Series C in 2021
Fount Inc. Is an asset management Robo-Advisor startup founded in 2015. Their investing algorithm based on BigData Technology helps you plan for every event of your life. fount team believes in passive investing, which takes the right level of risk for your goal's time horizon, and allows their advanced computer algorithms do all the work.

MyRealTrip

Venture Round in 2020
MyRealTrip is leading tours&activities marketplace in South Korea. MyRealTrip is the best free travel platform in Korea where you can book flights, accommodations, tours & tickets, and special offers. Starting with guided tour service in 2012, it has been growing rapidly since it successfully launched air service in 2018. MyRealTrip is constantly striving to provide travelers with a personalized experience and provide them with a more valuable experience.

Odd Concepts

Private Placement in 2020
Odd Concepts Inc. develops computer vision and artificial intelligence technology solutions. The company’s products include an image recognition platform which is a portfolio of ready to use image recognition and search technology, as a cloud based API service and computer vision consulting. It develops an online software technology for video content searches to link offline shopping businesses to create O2O market. The company was incorporated in 2012 and is based in Seoul, South Korea.

MakinaRocks

Series A in 2020
Founded in December 2017, MakinaRocks is a startup specializing in industrial machine intelligence solutions. Our anomaly detection model and intelligent control algorithm analyze sensor and numeric data to provide intelligent control, improve product quality, and detect anomalies in manufacturing equipment. We deliver our industrial AI solutions to manufacturing industries such as semiconductor, automotive, battery, and energy.

Althea

Series B in 2017
Althea is Korea's premier beauty e-commerce platform that provides the latest beauty products, trends and lifestyle to consumers in Southeast Asia.

SOS LAB

Series A in 2020
SOS Lab. Co., Ltd. designs, develops, and manufactures optical measurement sensors based on LiDAR technologies for autonomous vehicles. The company's products include SL-1 for self driven cars; GL-3 for drones, robots, or industrial automation systems; and TL-3 for subway screen doors. The company was founded in 2016 and is based in Gwangju, South Korea.
Datang Mobile Communications Equipment Company Limited provides time division network solutions and integrated services for mobile operators in China. It offers network support products, network optimization/planning tools, testers, terminals, as well as TD-SCDMA network, third-party network, network coverage, indoor distribution, system integration, and training services. The company was founded in 2002 and is based in Beijing, China.

Kakao Enterprise

Venture Round in 2020
Kakao Enterprise Corp. operates information technology platform. It provides artificial intelligence technologies and platform services for companies. Its services include Kakao i Connect, Kakao i, and Kakao work. The company serves sectors, such as healthcare, finance, distribution, and construction. The company was founded in 2019 and is based in Seongnam-si, South Korea.

42Maru

Debt Financing in 2020
42Maru, Inc. develops a search engine technology for AI machines or smart devices. The company was founded in 2015 and is based in Seoul, South Korea.

True Balance

Series B in 2017
True Balance is a digital wallet owned and operated by Balancehero India Private Limited (BHI), that enables users to access utility bill payment, loan recharge, insurance, and other financial products. With 70 million users, True Balance aims to serve India with utility payments financial platform for the unbanked users to serve their money for living requirements. It was launched in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago.

Riiid

Series D in 2020
Established in 2014, Riiid is a global leading AI Tutor solution provider delivering creative disruption to the education market through its cutting-edge AI technology. Having launched Santa TOEIC in 2017, the firm’s first commercialized AI Tutor solution based on deep learning algorithm which has garnered 1 million users solely in Korea market with proven efficacy, Riiid leads the era of AI-based education in true sense. Leveraging the firm’s highly scalable and proven AI solution, Riiid is aggressively expanding its business to new test areas as well as into new geographical markets. It currently operates Santa TOEIC in Japan and has launched Santa SAT in Vietnam. Riiid aims at replacing hard copy textbooks and traditional lectures with AI Tutor. Through the firm's technology, any individual student gains access to a personalized AI tutor that far outpaces human tutors in terms of learning efficacy at a fraction of the cost. Driving the democratization and equalization of educational opportunities, Riiid is transforming learning and the industry landscape in remarkable and rapid fashion.

N.THING

Series A in 2015
N.thing, Inc. develops an iOS based application that enables users to record, look back, and share their green life. Its application allows users to store photos of their plants and activities; organize their plants list with icons, nick names, and five-star rating; get weather updates; and connect with their friends, family, and colleagues via Facebook, E-mail, SMS, and Instagram. The company is based in Ansan-si, South Korea.

B2Link

Venture Round in 2019
B2Link offers an online B2B beauty platform that offers subscription services for branded products. The platform also provides collaborative services that enable e-commerce companies to manage their business processes such as sourcing, product and inventory management, invoicing, delivery, communication, and more.

SANDBOX

Private Placement in 2020
Sandbox Network, Inc. is a digital entertainment company that provides multi-channel network services for digital contents. Sandbox Network, Inc. was founded in 2015 and is based in Seoul, South Korea.

Amyloid Solution

Series B in 2020
Amyloid Solution is a developer of therapy intended to overcome Alzheimer by developing modifying treatments. The company focuses on pathophysiological events related to disease progression and its underlying mechanism to find novel therapeutics, enabling clients with the best solution for Alzheimer disease.

Desilo

Venture Round in 2024
Desilo Inc. designs and develops machine learning solution that utilizes homomorphic encryption that utilize data without revealing sensitive information. The solution use for data privacy and data silos that reduce potential security breaches and data leakage. Desilo Inc. is based in Seoul, South Korea.

GenGenAI

Seed Round in 2023
GenGenAI develops synthetic data generation technologydesigned to advance AI learning.

Strata Clean Energy

Debt Financing in 2024
Strata Clean Energy is a solar storage developer.

Torder

Series B in 2024
Torder is evolving into a next-generation technology leader that allows unattended control of all devices from any location. The business began as a platform for ordering and advertising on tablets.

GenEdit

Series A in 2024
GenEdit, Inc. focuses on the development of novel, non-viral, nanoparticle-based delivery technology and enabling next generation CRISPR-based gene therapies. The foundation of our CRISPR-Nanoparticle Technology Platform is based on successfully engineering the individual components of the CRISPR system to overcome the limitations of existing delivery vehicles for CRISPR-based therapeutics.

Okestro

Series B in 2023
OKESTRO provides cloud and AIOps software solutions.

Class101

Series B in 2023
Class101 Inc. develops an online platform that offers hobby classes and materials. The company offers various online courses, such as crafting, yoga, calligraphy, drawing, and cooking. It enables users to learn a new skill or hobby from practitioners in their respective fields. The company was founded in 2015 and is based in Seoul, South Korea.

PABLO AIR

Debt Financing in 2023
PABLO AIR Co.,Ltd. manufactures drones. The company offers hardware and software for unmanned aerial systems (UAS). It operates drones for delivering goods to remote locations. PABLO AIR Co.,Ltd. was incorporated in 2018 and is based in Incheon, South Korea.

Upstage AI

Series B in 2024
Upstage AI is an artificial intelligence (AI) startup that helps companies focus on their core businesses.

bHaptics

Series C in 2024
bHaptics is a developing a full-body and fully programmable haptic solution for Virtual Reality (VR)

Hodoo English

Series B in 2022
Hodoo English is a quest-based MMORPG with built-in speech recognition and over 300 non-player characters with whom the player must have meaningful conversations in English. The game was designed by videogame giant NCSOFT to address "mute English", a pedagogical problem in which a school system produces students who can read and write in English but cannot speak it. In Hodoo English, learners are immersed in a rich 3D world where they complete quests and interact with different characters by speaking English. Your child is the main character of the story, using his or her growing English vocabulary in a variety of situations.

Kasa

Series A in 2020
KASA KOREA CO.,LTD. develops a digital securities blockchain platform for the real estate market. Its platform allows the users to buy and trade securitized commercial real estate assets in the form of asset-backed securities. The company was founded in 2018 and is based in Seoul, South Korea.

Musma

Series A in 2022
MUSMA Co., Ltd develops an integrated management platform that manages the safety of assets of construction sites with IoT (Internet of Things) technology. The company's platform manages sites and prevents accidents by collecting and analyzing location and status data of various construction assets. It provides information on operational efficiency and collision risk by collecting crane motion through its crane motion measurement technology and sensors, and recognizes the collision danger in advance. It also detects and alerts the operation of a cramshell in a construction site by automatically preventing cramshell stenosis while climbing or descending a cramshell and gives risk alerts to the driver and the workers of the railway construction site to prevent accidents while working in the heavy equipment zones. Additionally, the platform provides heavy equipment, materials, and workers management and monitoring services. The company was incorporated in 2017 and is based in Seoul, South Korea.

Motov

Series B in 2021
Motov is a digital, taxi-op billboard provider that enables advertisers to connect with audiences through geofenced ad campaigns. It is a real-time location-based taxi tower system. Motov is a media platform that not only informs advertising but also informs various information.

Fount

Series B in 2020
Fount Inc. Is an asset management Robo-Advisor startup founded in 2015. Their investing algorithm based on BigData Technology helps you plan for every event of your life. fount team believes in passive investing, which takes the right level of risk for your goal's time horizon, and allows their advanced computer algorithms do all the work.

Hanwha Energy Australia

Secondary Market in 2022
Hanwha Energy Australia operates in renewable energy.

Sky Labs

Series C in 2023
Our company, Sky Labs, is developing a ring-type Cardio Tracker, CART to help continuous monitoring of atrial fibrillation which is difficult to diagnose even in a hospital in daily life. According to a disease statistics study released in 2004, atrial fibrillation is a very common chronic disease that occurs in 1 out of 4 people in their 40s or older. As stated in the Atrial Fibrillation Report from the UK's Atrial Fibrillation Association in 2012, the biggest problem is that atrial fibrillation is not diagnosed in 1 in 2 patients because it is not accompanied by severe subjective symptoms and hard to find due to the intermittent properties. To diagnose atrial fibrillation, the following three features of continuous monitoring are essential. Our product, CART, is equipped with these features to fully maximize the benefits of continuous monitoring. 1) Comfortability as a wearable device : You can always wear CART on a daily basis. Additionally, it is even water-proof and dust-proof. So, you don't have to take it off while taking a shower, or washing hands. 2) No-user intervention : By just wearing it on any finger which fits for you, every measurement is performed on the background basis without any intervention. 3) Medical proof & Accuracy : Diagnosis is based on the conventional diagnosis method of cardiologists. By simply wearing CART on user's finger, CART continuously detects atrial fibrillation without any user intervention. CART detects and records atrial fibrillation, so users can track and manage their heart health status. In addition, users can diagnose atrial fibrillation whenever they want and see the results on their smartphone. By merely tapping CART, users can make event logs and analyze atrial fibrillation data at that moment when it occurs. Finally, the collected atrial fibrillation data can be used to help the physician diagnose of the atrial fibrillation. Initial target market is 0.2 million atrial fibrillation patients in Finland. Total target market is 300 million people to diagnose atrial fibrillation and tens of million subjects in clinical trials. Sky Labs is currently conducting clinical trials with the Seoul National University Hospital to verify the device's performance and is analyzing clinical data on heart disease. And, Sky Labs is working with global pharmaceutical company Bayer to make innovative healthcare business.

Armored Fresh

Series A in 2020
Armored Fresh is a food company that produces plant-based cheese from almond milk. It aims to create a more sustainable world by producing cheese that is better for people and animals. It also wanted to create a plant-based cheese that tastes and feels like dairy cheese, and it believes it has accomplished this with its technology.

Anipen

Series C in 2022
ANIPEN (애니펜) is a Korean 3D content development platform that enables enterprises to develop video communication and entertainment platforms.

bitsensing

Series B in 2024
bitsensing develops products and solutions based on radar technology. It offers Traffic Radar, a device to monitors real-time traffic information, including vehicle numbers, speed, and emergency situations; Virtual Fence, a device that detects real-time intrusion without using physical fence; and 4D Imaging Radar that enables autonomous driving. The company was founded in 2018 and is based in Seoul, South Korea.

Databank

Series A in 2021
Developer of e-learning services platform designed to bridge the educational gap through technology. The company's platform offers English mock test-takers automated scoring and immediate feedback on their spoken and written answers and the automation of the process shortens the time it takes to score the open-ended tests than human graders, enabling customers to get affordable, time-saving, and customized education through technology.

3i

Series A in 2021
3i Inc. - the 3D Intelligence Company - is specialized in indoor spatial 3D mapping, rendering and navigation. We use computer vision, machine learning and XR to represent space as it is: in 3D. By doing so, we aim to solve modern collaboration and documentation issues for Facility Management, Construction, Insurance, Real Estate... We empower our client with fast, light, powerful and affordable technology that enables them to better collect, visualize and manage data in 3D space.

Sellerhub

Series A in 2019
Seller Hub Co., Ltd provides solutions for shopping malls. The company provides solutions such as self contract event, hub X Koolmin card, courier contract, amd hub X coupang. Seller Hub Co., Ltd was incorporated in 2012 and is based in Seoul, South Korea.

3billion

Series A in 2018
3billion, Inc. provides genetic testing and analyzing services to rare disease patients. The company was founded in 2016 and is based in Seoul, South Korea.

Floatic

Seed Round in 2022
Floatic is developing a robot solution that automates the process of warehousing and retrieving logistics centers.

ABLY Corp., Inc.

Series B in 2020
ABLY Corp., Inc. offers an in-store market collection application for fashion/beauty shopping. The company also offers delivery and after-purchase services for sellers. ABLY Corp., Inc. was founded in 2018 and is based in Seoul, South Korea.

Makestar

Series B in 2020
Makestar was born to suggest new communication method between Hallyu star and global fan.

Toss

Series H in 2021
Toss is a South Korea-based mobile financial service platform operated by fintech start-up Viva Republica Co Ltd. Since its launching in February of 2015, Toss garnered over 13 million app downloads and processed over USD$10 billion in P2P payments. Adding to its success in P2P payments, Viva Republica Co Ltd. has launched over 10 financials services to become a consumer mobile financial services platform. Toss partners with incumbent financial institutions and other fintech players to provide users with services that cover all facets of their financial lives, including payments, loans, investments, credit score management, spending analysis, and insurance products.

Airport Railroad Co., Ltd.

Merger/Acquisition in 2015
Airport Railroad Co., Ltd. provides railroad transportation services connecting Incheon International Airport with Seoul and other surrounding areas in South Korea. It offers express and commuter train services. The company was formerly known as Korail Airport Railroad Co., Ltd. and changed its name to Airport Railroad Co., Ltd. in June 2015. The company was founded in 2001 and is headquartered in Incheon, South Korea. Airport Railroad Co., Ltd. is a subsidiary of Korea Railroad Corporation.

Qraft Technologies

Series C in 2020
Qraft Technologies aims to maximize productivity and marketability with artificial intelligence for businesses that understand the importance of data. We started with AI-based financial solutions for investment professionals and help them to find optimal trading strategies in a given situation. Our technologies can be customized and delivered in the areas including investments, autonomous driving, insurance underwriting, purchasing management and so forth.

Ridibooks

Private Equity Round in 2022
Ridibooks is a content portal that contains webtoons, web novels, comics, and e-books. Ridibooks produce all the fun stories in the world with original content from North America to the world .From novels to economics and business books, only verified bestsellers are collected and provided.

AchatsGroup

Series B in 2019
AchatsGroup, a media commerce company, which provides content-based marketing services. It offers product marketing, creative media, performance marketing and trendy marketing. The company was founded in 2017 and is based in Seoul, South Korea.

Kmong

Series C in 2021
Kmong (크몽) is a Korean online talent market that enables individuals to both sell and buy services. Its categories include design, marketing, document, business, computer, music and video, life services, and handmade. Users can post up their services with a price quote on the appropriate category, which will be seen and picked up by prospective buyers. Its mobile application is available for Android devices. Kmong was established in June 2012 in Gyeongsangnam-do, Korea.

J'CAR

Series A in 2019
J'CAR CO.,LTD. provides hydrogen and electric car sharing services. The company was founded in 2016 and is based in Gwangju, South Korea with an additional office in Seoul, South Korea.

FASSTO

Series C in 2022
FASSTO is a consulting company that provides packaging, delivery, logistic, and shipping services.

Sweet Bio

Series B in 2023
Sweet Bio is a food-based biotech company that changes the lifestyle of everyone in the world to be healthy and happy.
China Crystal New Material Holdings Co., Ltd. provides industrial materials in China. It offers synthetic mica crystals, as well as mica flakes, powders, papers, plates, and tapes. The company was founded in 2003 and is based in Wuxi, China.