HG Initiative

HG Initiative is an impact investment firm established in 2014 and based in Seoul, South Korea. The company is dedicated to addressing various social issues through sustainable innovations. By focusing on impact-driven business practices, HG Initiative aims to create positive change while fostering economic growth. Its approach combines investment strategies with a commitment to sustainability, highlighting the importance of addressing pressing societal challenges in a responsible manner.

Jeong Kyung-seon

CEO

32 past transactions

ASWEMAKE

Series B in 2024
ASWEMAKE is a shopping app that delivers groceries.

CastingN

Series B in 2024
CastingN Co., Ltd is an online sourcing platform based in Incheon, South Korea, established in 2015. It connects companies with professional subcontractors across various sectors, facilitating the outsourcing of services such as advertising, system development, web design, and accounting. The platform evaluates multiple factors, including company history, performance, and feedback, to identify the most suitable subcontractors for clients' needs. In addition to its matching services, CastingN offers programs for developing job-oriented content and conducting offline job training, enabling companies to work efficiently with specialized service providers.

BigTech Plus

Seed Round in 2024
BigTech Plus is a real estate information based fintech company.

phoneGO

Seed Round in 2023
phoneGO is a mobile repair cost comparison platform that aims to reduce environmental damage associated with electronic waste and resource extraction. The company facilitates the buying, selling, and renting of verified refurbished devices, allowing customers to access affordable smart devices while promoting sustainability. Additionally, phoneGO helps users locate repair shops, thereby enhancing the overall experience of maintaining electronic devices. Through its services, phoneGO contributes to the establishment of a sustainable IT ecosystem.

Plcoskin

Series B in 2023
Youlief is a company that specializes in developing and providing genuine sensitive skin derma cosmetic products online. It operates as part of Plcoskin, which focuses on reconstructive plastic surgery and regenerative skincare. Youlief's product line includes skin regenerating sheets designed for patients who have undergone breast tissue removal due to cancer, thereby supporting the reconstruction process. These innovative products aim to reduce surgery times and costs while promoting safer surgical procedures. Youlief's offerings are available in multiple markets, including the United States, Europe, Taiwan, Singapore, and Japan. By combining cosmetic solutions with therapeutic applications, Youlief plays a crucial role in enhancing patient care and advancing research and development in medical technologies.

Hyrobotics

Series B in 2023
HYRobotics is a robotics manufacturing company established in 1988, specializing in developing advanced robotic solutions, particularly for the plastic industry. It offers a range of robotic products and automation services designed to enhance efficiency and speed for its clients. With a commitment to innovation, HYRobotics focuses on creating reliable mechanisms, flexible controllers, and unique designs to meet the diverse needs of the robotics and automation sector. The company's dedication to research and development has positioned it as a global leader in the field, promoting enhanced productivity and value across various industries worldwide.

Gint

Series B in 2023
Gint is a company focused on developing advanced technologies for tractors and construction equipment manufacturers, leveraging expertise from the automotive and ICT sectors. The company addresses the global demand for electronic control and unattended automation by creating three core systems: Transmission/Hydraulic Control Units, Telematics, and Driverless Systems. These innovations are designed to assist emerging manufacturers in bridging the technological gap with established industry leaders. Gint's technologies enhance the efficiency of traditional transportation and production equipment, offering added value and improved productivity for businesses in agriculture and construction. The company collaborates with prominent domestic firms such as Tongyang Moolsan, Daedong Industrial, and SK Telecom, further solidifying its position in the market.

SCBIO

Series A in 2023
SCBIO is a pharmaceutical company that makes drugs with specialized technologies in immuno-oncology. The company discovers and develops novel therapeutics for future medicine.

Pluto

Series A in 2023
Pluto provides a SaaS solution that includes both discovery and academic search engines customized for the institution.

ONG Going

Seed Round in 2022
ONG Going specializes in pickup, packaging, and delivery.

ASWEMAKE

Series A in 2022
ASWEMAKE is a shopping app that delivers groceries.

Netspa

Series A in 2022
Netspa is dedicated to producing recycled nylon by collecting and processing waste fishing nets. The company employs advanced technology to automatically sort and separate various polymers, which are then finely pulverized. This process not only supports the creation of sustainable products but also aims to preserve marine environments and ecosystems. Netspa provides customers with high-quality recycled nylon and engineering plastics, transforming waste materials into valuable resources while contributing to environmental sustainability.

Mark & Company

Series A in 2022
Mark & Company is an open innovation platform that specializes in providing consulting services in app traffic, legal, and accounting sectors. It aims to foster collaboration between businesses and investors, facilitating the exchange of ideas and resources to drive growth and innovation. By offering a range of consulting services, Mark & Company plays a pivotal role in helping organizations navigate the complexities of app development and regulatory compliance, while also enhancing their operational efficiency.

TerraLIX

Series B in 2022
TerraLIX is a manufacturer specializing in hydrogen fuel cells and related products. The company focuses on developing fuel cell systems that can operate effectively in extreme environments, ensuring reliable energy sources even under challenging conditions. By providing advanced cell packs, TerraLIX aims to meet the growing demand for sustainable energy solutions in various applications.

Baree

Seed Round in 2022
Baree is an automobile company that offers domestic motorcycle maintenance and second-hand trading of bikes.

Vueron

Series A in 2021
Vueron specializes in advanced LiDAR perception software tailored for automotive and industrial applications, aiming to enhance safety through innovative technology. The company develops high-performance, AI-driven algorithms that allow for efficient object detection around LiDAR sensors while utilizing minimal computing resources. Vueron's solutions are designed for immediate integration into advanced driver-assistance systems (ADAS) and autonomous driving technologies, providing critical data on various elements such as lanes, guardrails, and potential obstacles. Additionally, the company offers a software development toolkit for IoT applications, focusing on security and smart city solutions. By collaborating with automotive original equipment manufacturers (OEMs), Tier-1 suppliers, and other industry stakeholders, Vueron delivers practical and cost-effective LiDAR solutions that meet diverse client needs.

Ticaros

Series C in 2021
Ticaros is a biotechnology company focused on developing innovative immune anti-cancer therapies, specifically through the advancement of CAR-T cell therapy. The company’s approach involves enhancing the effectiveness of T cells by selectively inhibiting the CTLA4 function in cancer-specific T cells. This targeted modification aims to boost the ability of these T cells to eliminate tumors. By refining the CAR construct, Ticaros aims to increase the binding capacity of CAR-T cells to tumor cells, offering patients access to novel treatment options for relapsed and refractory cancer.

SeaWith

Series A in 2021
Seawith is a biotechnology startup focused on producing cell-cultured steak derived from seaweed. The company has developed Yo.od, a low-iodine seaweed designed for consumers who have low iodine resistance and high iodine sensitivity. Seawith utilizes its own culture media made from microalgae, which not only enhances the nutritional profile but is also more cost-effective due to the plentiful availability of microalgae. By creating clean meat in a laboratory setting, Seawith aims to eliminate the need for raising and slaughtering livestock, delivering a product that mimics traditional meat in taste and texture while being both delicious and affordable.

ImpriMed

Series A in 2021
ImpriMed, Inc. is a company that specializes in drug testing services, focusing on the responses of live cancer cells from pets, particularly those with lymphoma. Based in Palo Alto, California, with a branch office in Seoul, South Korea, ImpriMed uses individualized drug response prediction technology to assist veterinary oncologists in selecting appropriate anticancer treatments. By collecting genetic and cellular information from pet cancer cells, the company creates a patient-derived database that not only aids in veterinary oncology but also holds potential for applications in human cancer care. This data-driven approach enables veterinarians to make informed decisions on final treatment regimens, ultimately enhancing precision medicine in both animal and human oncology. ImpriMed was incorporated in 2017.

Qureator

Series A in 2021
Qureator specializes in developing micro-physiological systems (MPS), specifically their product known as Curiochips, which are engineered to replicate the complexities of tissue microenvironments. These systems create optimal microscale 3D cell culture conditions that are beneficial for various biomedical research applications. By enhancing the accuracy of clinical trials and improving the efficiency of drug development, Qureator's technology offers a viable alternative to traditional animal testing. This approach not only reduces the duration of clinical trials by minimizing the need for multiple administrations but also decreases the potential for errors, ultimately enabling the healthcare industry to test new drugs in a more ethical and effective manner.

HurayPositive

Series B in 2020
HurayPositive Corp. is a healthcare and wellness innovation company based in Seoul, South Korea, founded in 2010. The company specializes in designing and developing applications that deliver healthcare services tailored to patients with chronic diseases. Its offerings include MyHealthNote, which focuses on diabetes care; National Health Screening Follow-up Services, aimed at monitoring health and improving lifestyle post-screening; and Active Aging Healthcare Service, which provides preventive measures by analyzing real-time behavioral changes in residential environments. Additionally, HurayPositive offers self-management solutions for dialysis, blood pressure, and weight, while also integrating mHealth, personal health records, genome analysis, and IT convergence services such as user interface and experience development.

Mark & Company

Seed Round in 2020
Mark & Company is an open innovation platform that specializes in providing consulting services in app traffic, legal, and accounting sectors. It aims to foster collaboration between businesses and investors, facilitating the exchange of ideas and resources to drive growth and innovation. By offering a range of consulting services, Mark & Company plays a pivotal role in helping organizations navigate the complexities of app development and regulatory compliance, while also enhancing their operational efficiency.

Plcoskin

Seed Round in 2019
Youlief is a company that specializes in developing and providing genuine sensitive skin derma cosmetic products online. It operates as part of Plcoskin, which focuses on reconstructive plastic surgery and regenerative skincare. Youlief's product line includes skin regenerating sheets designed for patients who have undergone breast tissue removal due to cancer, thereby supporting the reconstruction process. These innovative products aim to reduce surgery times and costs while promoting safer surgical procedures. Youlief's offerings are available in multiple markets, including the United States, Europe, Taiwan, Singapore, and Japan. By combining cosmetic solutions with therapeutic applications, Youlief plays a crucial role in enhancing patient care and advancing research and development in medical technologies.

Brewguru

Seed Round in 2019
Brewguru is an online beverage store specializing in the production and sale of healthy, functional fermented beverages. The company offers a range of alcoholic beverages, including custom beer tailored to meet individual preferences and tastes. Additionally, Brewguru manufactures OEM and ODM products, providing collaboration services for other businesses in the beverage industry. This allows customers to experience unique beverage options while promoting health-conscious choices in their offerings.

Tecoplus

Seed Round in 2018
Tecoplus provides eco-friendly raw materials and functional services.

Tictoccroc

Seed Round in 2018
Tictoccroc is an app for child care.

Medipixel

Seed Round in 2018
Medipixel, Inc., founded in 2017 and based in Seoul, South Korea, specializes in developing artificial intelligence-based diagnostic software and semi-autonomous surgical tools for lung cancer and cardiac disease interventions. The company employs a team of experts in computer vision, deep learning, and reinforcement learning, collaborating with leading healthcare institutions to enhance diagnostic and surgical processes. Medipixel offers several innovative solutions, including an AI-based diagnosis tool that assists doctors in identifying lesions during coronary angiography, a guide and planning solution that visualizes hidden coronary artery segments to facilitate guidewire manipulation, and an automated navigation engine that optimizes robotic control for surgical procedures. By integrating advanced AI technologies, Medipixel aims to improve the quality of medical care and patient outcomes in the field of surgery.

Radish

Series A in 2018
Radish is a mobile fiction platform that specializes in serialized storytelling, offering readers a diverse array of stories presented in bite-sized installments tailored for smartphone use. The platform allows readers to explore thousands of serials across multiple genres, including romance, fantasy, young adult, paranormal, mystery, and science fiction. Radish fosters direct interaction between readers and authors through live community chat rooms, enhancing the reader experience. For writers, Radish provides a unique opportunity to publish original works, revive previously published titles, and generate anticipation for upcoming stories, all while ensuring they receive immediate compensation and retain copyright ownership. This innovative approach is transforming the landscape of story consumption and production.

Kidu

Seed Round in 2018
Kidu, Inc. is a manufacturer based in Seoul, South Korea, specializing in products designed for early childhood. Founded in 2014, the company focuses on creating innovative and friendly products that enhance children's experiences. Its offerings include the Hugdoll, a seat belt positioning doll that provides comfortable support for a child's head and neck, and the Role Box, an educational kit that helps children explore various careers while fostering their talents and interests. Through its thoughtfully designed products, Kidu aims to promote an autonomous learning attitude in children.

Tictoccroc

Seed Round in 2017
Tictoccroc is an app for child care.

Dr.Kitchen

Seed Round in 2016
Kitchen Doctor engages in research and development of diet programs for diabetes. Kitchen Doctor is based in Daejeon, South Korea with an additional office in Seoul, South Korea.

PAWCHI

PAWCHI is a pet insurance company.
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