HB Investment

HB Investment Inc. was founded on November 11, 1999 starting with paid-in Capital of KRW 10 billion. Since its foundation, HB Investment Inc. has been investing small and medium businesses that have the potential for steady growth and profitability and helping the invested companies to grow well by giving various consulting services. As a result, HB Investment Inc. constructed comprehensive portfolio out of various industrial areas, such as game, entertainment, as well as representative high-tech industries related to semiconductor, Internet, LCD, and a smart phone, bio, health care. In addition, HB Investment Inc. has experiences in implementing business Success-fully by organizing several partnership funds for recent years.

Sung Hwan Bae

Director, Investment Review

Seong-Hwan Bae

Director

Young-Keun Choi

Director at Venture Investment Division

Yeong-Jin Jeon

Director

Jae-yeob Jeong

Director of Investment division

Lim Junki

Director, Chief Compliance Officer and CFO

Hyung-jun Kim

Partner

Seung Moon Lee

MD, Investment Associate

Seung-Mun Lee

Director

Gwi Jin Lee

MD and General Manager of Merger and Acquisition

Jun-Ki Lim

Director, Chief Compliances Officer and Head of Investment Management Division

Sung-yong Park

VP

Soo-yong Park

MD of the M&A Division

Dong-Joo Park

Director, Investment Review

Dong-ju Park

Director

Ha Jin Park

MD, Head of Investment Division 2

Hae Jin Park

MD, Head of Investment Team 1

Jeong-sun Song

Director

Min Hyun Yoon

MD and Investor General 1

Min-Hyeon Yoon

MD and Head of Investment Division 2

132 past transactions

ESTsecurity

Private Equity Round in 2021
ESTsecurity Corp. develops artificial intelligence security software. The company offers end point security, android security, threat intelligence, and hybrid-VDI. ESTsecurity Corp. was founded in 2017 and is based in Seoul, South Korea. ESTsecurity Corp. operates as a subsidiary of ESTsoft Corp.

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.

Uberple

Series B in 2018
Uberple, Inc. owns and operates an online real-time statistical computing engine for financial research. Uberple, Inc. was founded in 2013 and is based in Seoul, South Korea.

ME2ZEN

Venture Round in 2018
ME2ZEN Limited develops and operates social casino and card games in North America, Europe, and Asia. It develops mobile casino games and solitaire games. The company is headquartered in Kwun Tong, Hong Kong.

Birdview

Series B in 2018
BirdView Inc. develops and provides Internet based mobile application for marketed cosmetics' review and information. It offers iOS and Android based platform, HwaHae, which allows users to review details regarding each component of a product. The company is headquartered in South Korea.

Vuno

Series B in 2018
Vuno offers artificial intelligence-based medical solutions for doctors and patients that provides a platform and consulting services for medical data analysis. Vuno develops automatic algorithm against various problems that occurs in medical sites as well as it develops diagnostic and quantification assisting software. The clients of the company are Asan Medical Center and HYUNDAI. The company offers VunoMed that provides different forms of data analyzation for medical videos, ECGs, brain waves, and EMR data. Vuno is located in South Korea and the company was founded in 2014 by Yeha Lee, Kyu-Hwan Jung, and Dannis Kim.

True Balance

Series C in 2019
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.

HonestFund

Series B in 2018
HonestFund is a financial technology company operating an alternative investing platform in South Korea. HonestFund provides individuals and institutional investors access to alternative investment opportunities across a wide range of asset classes, such as residential/commercial real estates, infrastructure financing and unsecured personal loans. Due to its unique capability of providing a fully transparent and frictionless process for both investors and private issuers, HonestFund raised funds from leading financial institutions, including Shinhan Bank, Hanwha Investment, KB Investment, Shinhan Capital and Daily Financial Group.

Balance Hero Co., Ltd.

Private Placement in 2019
Balance Hero Co., Ltd. develops mobile applications for providing remaining balance to prepaid mobile customers. The company was founded in 2014 and is based in South Korea.

ILIAS Biologics

Series B in 2020
ILIAS Biologics is a biotechnology company that specializes in therapeutic molecules. The company features platform technology that enables experts to load large therapeutic molecules into exosomes. ILIAS Biologics is developing various therapeutic exosomes, a potential treatment for sepsis, pre-term birth, and various hard-to-treat diseases in inflammatory and metabolic areas.

Mobiis

Private Placement in 2018
Mobiis Co., Ltd. designs and builds equipment and systems to monitor and control the particle accelerator beams and related equipment in South Korea. The company provides control system and equipment, including low-level radio frequency, solid state amp, and undulator controllers, as well as step motor controllers; nuclear fusion reactor control systems, such as control data access and communication framework service system, central interlock system, and coil power supply system; and intelligent control solutions. Mobiis Co., Ltd. was founded in 2000 and is based in Seongnam, South Korea.

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.

Okxe

Series A in 2020
OKXE VIETNAM COMPANY LIMITED operates an online e-commerce platform for motorbikes. The platform enables users to buy and sell motorcycles online. The company was founded in 2018 and is based in Hanoi, Vietnam.

Millie

Venture Round in 2018
Book Club Millie Co., Ltd. provides an e-book subscription platform. The company is based in Seoul, South Korea.

P&H TECH

Venture Round in 2011
P&H Tech Co., Ltd. develops, produces, and sells organic light emitting diode (OLED) materials and catalysts. The company offers general, EBL, HTL, host, OLED intermediate and catalyst, and other organic synthetic materials. It sells its products to the OLED display market. The company was founded in 2009 and is headquartered in Yongin, South Korea.

Crowdworks

Series B in 2019
CrowdWorks, Inc. develops online crowd sourcing platform for artificial intelligent (AI) which engages in collecting, strengthening, and structuring leaning data for machine learning. The company offers its services for analysis and classifying of image works, text works, voice works, and survey works. The company is based in Seoul, South Korea.

ITM Semiconductor

Venture Round in 2002
ITM Semiconductor Co., Ltd. manufactures and sells components for secondary batteries worldwide. Its products include protection one chips, protection module packages, battery packs, sensor module packages, chip antennas, and touch screen panels for use in IT portable and consumer devices. The company was formerly known as ITM Co., Ltd and changed its name to ITM Semiconductor Co., Ltd. in April 2005. ITM Semiconductor Co., Ltd. was founded in 2000 and is headquartered in Cheongju, South Korea. ITM Semiconductor Co., Ltd. is a subsidiary of NICE Holdings Co., Ltd.

Bioplus Co.

Venture Round in 2005
Bioplus Co. creates bio-goods that promote the pursuit of beauty and contribute significantly to the well-being of the country.

Aptamer Sciences

Venture Round in 2013
Aptamer Sciences, Inc., a bio venture company, focuses on the Aptamer technology platform for the development of therapeutic and diagnostic platforms. The company’s aptamer platforms include aptamer discovery, optimization, and the development of therapeutics and diagnostics. It offers AlloMAp and BiFAp platform programs for therapeutics; and diagnosis kits for lung and pancreatic cancer, as well as in-vitro diagnostic kits for the early diagnosis of lung cancer. Aptamer Sciences, Inc. was founded in 2011 and is headquartered in Seongnam, South Korea.

MakinaRocks

Private Placement 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.

ANYFIVE

Venture Round in 2005
ANYFIVE Co.,Ltd. provides intellectual property-research and development (IP-R&D) software solutions and information and communications technology (ICT) services for research institutes and enterprises in the field of intellectual property. The company offers IPR management solutions, including IP-Brain, IPIMS, and SmartTM; legal management software solutions, including SmartLMS and IPAMS; IPR risk analysis solutions, including P-Brain; technology commercialization solutions, including T-Brain; research and development solutions, including E-Brain, R-Brain, and SmartLAB; and bigdata and artificial intelligence solutions, including ANYFAST and A-Brain. It serves IPR services and ICT services. ANYFIVE Co.,Ltd. was founded in 2003 and is headquartered in Seoul, South Korea. It has a branch office in Daejeon, South Korea.

Telofarm

Venture Round in 2019
Telofarm provides the ultimate precision farming solution with microsensors. They provide high precision sensors and farming solutions for advanced agriculture and research in various needs. Their proprietary technology enabled microsensors on needle probes that can be implanted into plant stems to measure electrical conductivity and sap flow speed with minimum invasion. They have demonstrated the world's first full feedback control of irrigation in an advanced hydroponics with unprecedented efficiencies such as zero drain rate with improved quality and quantity of fruits.

BBB

Series B in 2018
BBB Technologies Inc. develops devices and applications that enable early stage diagnosis, better care, and treatment decisions. It creates blood testing technologies with mobile enabled tools and data insights for researchers, doctors, and patients worldwide. The company was founded in 2014 and is based in Mountain View, California with additional offices in Seoul, South Korea; and Shenzhen, China.

Adbiotech

Venture Round in 2002
Adbiotech is a company that leaps toward the future with continuous challenges. Adbiotech is a research institute affiliated with the Korea Industrial Technology Association to research and develop antibody products, cosmetics and food additives for oral administration of pharmaceuticals, livestock and fisheries using egg yolk antibody (IgY) technology. Was established. They are leading national research projects for new and diverse products with the aim of "our food safe" through industry-academic cooperation.

Curiox Biosystems

Private Placement in 2019
Curiox is a bioinstrumentation company spun out of the Agency for Science, Technology, and Research (A*STAR) in Singapore. Curiox has become a leader in the development and commercialization of innovative assay platforms based on its expertise in surface chemistry and engineering. Curiox’s vision is to accelerate the progress of life sciences, drug discovery and diagnostics through the miniaturization and improved automation of bioassays.

Curiox Biosystems

Series B in 2019
Curiox is a bioinstrumentation company spun out of the Agency for Science, Technology, and Research (A*STAR) in Singapore. Curiox has become a leader in the development and commercialization of innovative assay platforms based on its expertise in surface chemistry and engineering. Curiox’s vision is to accelerate the progress of life sciences, drug discovery and diagnostics through the miniaturization and improved automation of bioassays.

Well Marker Bio Co., Ltd.

Private Placement in 2019
Well Marker Bio Co., Ltd. researches, develops, and manufactures anticancer drugs. The company was founded in 2016 and is headquartered in Seoul, South Korea.

Anapass

Venture Round in 2004
AnaPass Inc. operates as a system-on chip semiconductor provider in display panel market worldwide. It designs and produces IC products applied to flat panel display and mobile devices based on its high-speed serial link technologies. The company’s flat panel display solutions include Timing Controller, an IC that receives video signal from the system interface and generates/transmits control signal/date to the source driver ICs and gate driver ICs that drives a LCD panel. Its mobile display solutions comprise Mobile Serial Link, an IC, which reduces power consumption, EMI noise, and cost; and Mobile Display Controller, an IC that is applied on mobile devices to process complex data signals and transmit them to display parts. The company was formerly known as Anachips, Inc. and changed its name to AnaPass Inc. in March 2004. AnaPass Inc. was founded in 2002 and is based in Seoul, South Korea.

ProtoPie

Private Placement in 2018
Studio XID, Inc. develops ProtoPie, a prototyping tool for smart devices. Its ProtoPie allows users to compose elaborate interactions and animations, and build sensor-aided prototypes without any coding. The company’s ProtoPie solution comprises ProtoPie Studio, a software package that is installed on computers running Microsoft Windows or Mac OS X to allow users to explore design solutions, communicate designs, and research user feedback; and ProtoPie Player, an app that allows users to test prototypes created with ProtoPie Studio on smartphones. Its solution also supports the import of Sketch files. The company was founded in 2014 and is headquartered in Seoul, South Korea.

Dt&C

Venture Round in 2001
DT&C Co., Ltd. provides testing and certification services. The company offers testing and certification services for information and communication technology equipment, industrial equipment, household/commercial consumer electronic products, medical devices, automotive electronic apparatus, nuclear power equipment, and vessels, as well as for defense, aerospace, and railway sectors. DT&C Co., Ltd. was founded in 1999 and is based in Yongin, South Korea.

HonestFund

Private Placement in 2018
HonestFund is a financial technology company operating an alternative investing platform in South Korea. HonestFund provides individuals and institutional investors access to alternative investment opportunities across a wide range of asset classes, such as residential/commercial real estates, infrastructure financing and unsecured personal loans. Due to its unique capability of providing a fully transparent and frictionless process for both investors and private issuers, HonestFund raised funds from leading financial institutions, including Shinhan Bank, Hanwha Investment, KB Investment, Shinhan Capital and Daily Financial Group.

CENOTEC

Venture Round in 2001
CENOTEC Co., Ltd. manufactures and sells grinding media, zirconia, zircon powder, and ceramic materials. It offers yttria stabilized zirconia beads for applications in automobile paints and inks; horizontal mills and basket mills; electronic ceramics, foods, cosmetics, and pharmaceutical products; fine particles; and industries requiring nano-sized particles. The company also provides ceria stabilized zirconia beads for vertical and horizontal mills, the production of high-viscosity paints and inks, TiO2 makers, aqueous agricultural chemicals, and the production of pigments and dyes; and alumina toughened zirconia beads for high pressure and high speed grinding machines. In addition, it offers zirconium silicate beads and zirconia toughened alumina beads for the production of large-capacity minerals, such as CaCO3, Kaolin, ZrSiO4, etc.; vertical-type mills; products that are sensitive to the heat generated during the grinding process; paints, inks, pigments, and dyes; magnetic coatings; and mining metals that are made by vertical-type mills, including lead, copper, and zinc sulfide. Further, the company provides zirconia powder, cenosilicate, and cenoflour. CENOTEC Co., Ltd. was founded in 1999 and is based in Haman-gun, South Korea.

HIMS

Venture Round in 2001
HIMS Co., Ltd. develops and sells inspection module, machine on display, semiconductor, factory automation (FA), and other products in South Korea. It offers display field products, such as mask stretchers, mask repair products, mask inspectors, and glass AOI products; FA field products, including IR filter inspection system, blood sugar check sheet inspectors, RVI inspectors, and CCFL inspectors; and semiconductor field products. The company also provides vision modules; and vision components comprising light control boards, light power source products, IO boards, IO terminal blocks, CCD cameras, and CMOS cameras, as well as deals in Teledyne Delsa frame grabbers and software products, and JAI cameras. HIMS Co., Ltd. was founded in 1999 and is based in Incheon, South Korea.

Odd Concepts

Series B 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.

ProtoPie

Series A in 2020
Studio XID, Inc. develops ProtoPie, a prototyping tool for smart devices. Its ProtoPie allows users to compose elaborate interactions and animations, and build sensor-aided prototypes without any coding. The company’s ProtoPie solution comprises ProtoPie Studio, a software package that is installed on computers running Microsoft Windows or Mac OS X to allow users to explore design solutions, communicate designs, and research user feedback; and ProtoPie Player, an app that allows users to test prototypes created with ProtoPie Studio on smartphones. Its solution also supports the import of Sketch files. The company was founded in 2014 and is headquartered in Seoul, South Korea.

SoVarGen Co., Ltd

Private Placement in 2020
SoVarGen Co., Ltd, a biopharmaceutical company, develops diagnosis and treatment for FCD (Focal Cortical Dysplasia). The company develops novel diagnostics and therapeutics for incurable brain disorders. SoVarGen Co., Ltd was founded in 2018 and is based in Daejeon, South Korea.

Tripstore

Series A in 2018
Tripstore is an O2O platform that makes it easy to search overseas trips. The company has more than one million international travel products from seventy countries around the world, where the users can easily check out their desired overseas travel products.

L & C BIO

Venture Round in 2013
L & C Bio Co., Ltd. is making the health and happiness of mankind based on their mission to improve the quality of human life and to give better value to their customers. And the efforts of L & C Bio Co., Ltd. start with the business philosophy of 'respecting customers', 'grasping needs' and 'providing the best products and services

Doosan Fuel Cell

Venture Round in 2016
Doosan Fuel Cell Co., Ltd. develops and distributes power generation fuel cells in South Korea. The company primarily offers M400 fuel cell that produces approximately 440KW of power and heat. Its fuel cells are used in power plants, refrigerated warehouses, large buildings, and hot springs, as well as natural gas, LPG, and hydrogen projects. The company was founded in 2019 and is headquartered in Iksan-si, South Korea.

Vuno

Series A in 2016
Vuno offers artificial intelligence-based medical solutions for doctors and patients that provides a platform and consulting services for medical data analysis. Vuno develops automatic algorithm against various problems that occurs in medical sites as well as it develops diagnostic and quantification assisting software. The clients of the company are Asan Medical Center and HYUNDAI. The company offers VunoMed that provides different forms of data analyzation for medical videos, ECGs, brain waves, and EMR data. Vuno is located in South Korea and the company was founded in 2014 by Yeha Lee, Kyu-Hwan Jung, and Dannis Kim.

Hummingbird Bioscience

Private Placement in 2019
Hummingbird Bioscience uses systems biology to develop insights into disease biology and applies computationally guided platforms to discover and engineer breakthrough biotherapeutics. The company is pursuing a broad pipeline of first drug candidates across multiple challenging targets with strong biological validation and disease association, including lead assets: HMBD-001, an anti-HER3 antibody, and HMBD-002, an anti-VISTA antibody, for the treatment of cancer. Hummingbird has established strategic collaborations with Cancer Research UK and Amgen, and has been awarded a product development grant from the Cancer Prevention and Research Institute of Texas.

Kukdong

Venture Round in 2001
Kukdong Corporation manufactures and sells knit garments for men, women, and children in South Korea. It also offers workwear; activewear, such as training wear, golf wear, and fitness wear; lounge wear, including home wear, room wear, sleep wear, and night gown; and fashion wear. The company also exports its products in the United States, the European Union, and Chile. Kukdong Corporation was founded in 1967 and is based in Seoul, South Korea.

FutureChem

Venture Round in 2003
FutureChem is a producer of radiopharmaceuticals for happier lives and a healthy society

Kweather

Venture Round in 2001
Kweather Co., Ltd. provides weather and related services to mass media, industries, and private and governmental organizations in Korea. It offers weather information services, including weather information contents, long term forecast, forecaster, weather insurance, and industrial weather risk management services; and mobile weather services, including weather SMS, clock screen, and data broadcasting services. The company also provides upper air meteorological solutions that comprise weather radars, wind profilers, GPS radiosonde sounding systems, microwave radiometers, weather satellite systems, and LIDAR remote sensors, as well as WINDCUBE instruments to measure winds at a lower layer. In addition, it offers meteorological observation systems, including sensors, automatic weather stations, automatic snow depth measurement systems, road weather information systems, automated surface observing systems, portable weather stations, and maritime automatic weather stations. Further, the company provides weather observation services for weather element analysis in environmental evaluation. Furthermore, it offers household weather products, such as temp/hum products, leisure/health products, and environmental products online. The company was formerly known as Korea Weather Association and changed its name to Kweather Co., Ltd. in July 1977. Kweather Co., Ltd. was founded in 1966 and is based in Seoul, South Korea.

Hummingbird Bioscience

Series B in 2019
Hummingbird Bioscience uses systems biology to develop insights into disease biology and applies computationally guided platforms to discover and engineer breakthrough biotherapeutics. The company is pursuing a broad pipeline of first drug candidates across multiple challenging targets with strong biological validation and disease association, including lead assets: HMBD-001, an anti-HER3 antibody, and HMBD-002, an anti-VISTA antibody, for the treatment of cancer. Hummingbird has established strategic collaborations with Cancer Research UK and Amgen, and has been awarded a product development grant from the Cancer Prevention and Research Institute of Texas.

Okxe

Private Placement in 2020
OKXE VIETNAM COMPANY LIMITED operates an online e-commerce platform for motorbikes. The platform enables users to buy and sell motorcycles online. The company was founded in 2018 and is based in Hanoi, Vietnam.