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 a South Korean company that operates an online sourcing platform designed to connect businesses with professional subcontractors. Founded in 2015 and based in Incheon, the platform evaluates various factors such as company history, performance, recruitment history, and specialty fields to find suitable matches for outsourcing needs. CastingN facilitates a range of contracting jobs, including advertising, system development, web designing, accounting, and more, by linking companies with appropriate subcontractors from its registry. Additionally, it offers programs like job-oriented content development and offline job training to enhance the efficiency of business operations through specialized outsourcing.

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 estimate platform that focuses on promoting sustainability in the electronics sector. The company operates an electronic device refurbishment platform designed to mitigate environmental harm caused by carbon emissions and resource depletion. By facilitating the buying, selling, and renting of verified refurbished devices, phoneGO offers consumers access to cost-effective smart devices. Additionally, the platform assists customers in locating repair shops, thereby enhancing the overall user experience while contributing to the establishment of a sustainable IT ecosystem.

Plcoskin

Series B in 2023
Plcoskin is a MedTech company focused on reconstructive plastic surgery and regenerative skincare solutions. The company has pioneered a biodegradable scaffold made from synthetic PCL, which eliminates the need for cadaver-sourced materials in breast reconstruction surgeries, thereby enhancing safety and reducing costs. These scaffolds are designed to be absorbed and replaced by the patient's own tissues, minimizing long-term side effects and ensuring a safer alternative compared to traditional options. Plcoskin's innovative approach reduces the cost of reconstructive breast surgery by 40%, bringing it down to approximately $3,000 per breast, while also decreasing average surgery times from 90 minutes to 30 minutes. Additionally, the mesh design of their scaffolds helps prevent the necessity for follow-up surgeries, a common issue with cadaver-sourced alternatives. To support research and development for their medical devices, Plcoskin has also developed Youlief, a line of cosmeceutical products available in various international markets, including the US, Europe, Taiwan, Singapore, and Japan.

Hyrobotics

Series B in 2023
HYRobotics is a dedicated robotics manufacturing company that has been operational since 1988, specializing in developing advanced robotic solutions primarily for the plastic industry. With a commitment to innovation, the company focuses on creating reliable mechanisms, flexible robot controllers, and unique design capabilities that meet the demands of the robotics and automation sectors. By providing robotic automation services, HYRobotics enables clients to enhance efficiency and speed in their operations. Its extensive research and development initiatives ensure that HYRobotics maintains a leading position in global robotics, promoting productivity and strength across various industries.

Gint

Series B in 2023
GINT is a technology company focused on developing advanced systems for tractor and construction equipment manufacturers. Established by experts in automotive and information communication technology, GINT addresses the global demand for electronic control and unattended automation solutions. The company specializes in three core systems: Transmission and Hydraulic Control Units, Telematics, and Driverless Systems. These innovations are designed to assist manufacturers, particularly newer entrants in the market, in bridging the technological gap with established players. GINT’s technology enhances the efficiency of traditional transportation and production equipment, such as tractors and agricultural machinery, thereby providing added value and improving productivity for its clients. The company collaborates with prominent domestic firms, leveraging its expertise to advance the industry.

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 specializes in producing recycled nylon from waste fishing nets. It collects these discarded nets, processes them using proprietary technology that automatically sorts and pulverizes the polymers, preserving the marine environment. The company then converts these materials into recycled nylon pellets for sale to various industries seeking sustainable alternatives.

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 cell products. The company focuses on developing fuel cells and cell packs designed to operate effectively in extreme environments, ensuring a reliable source of energy even under challenging conditions. By leveraging advanced technology, TerraLIX aims to provide innovative solutions for various applications that require efficient and resilient energy sources.

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 is a technology company focused on enhancing safety through advanced LiDAR solutions tailored for automotive and industrial applications. The company develops AI-based perception software that effectively identifies various objects surrounding the sensor while utilizing minimal computing resources. Vueron's innovative platform is designed for immediate integration with Advanced Driver Assistance Systems (ADAS) and autonomous driving systems, providing critical information on elements such as lanes, guardrails, and potential hazards. Additionally, Vueron's technology supports Internet of Things (IoT) applications, including security and smart city initiatives. By collaborating with automotive OEMs, Tier-1 suppliers, and other industry stakeholders, Vueron aims to deliver practical and cost-effective LiDAR perception products that meet the diverse needs of its clients.

Ticaros

Series C in 2021
Ticaros is a biotechnology company focused on the development of immune anti-cancer drugs, specifically utilizing CAR-T cell therapy. The company's innovative technology aims to treat patients with relapsed and refractory cancers by enhancing the effectiveness of T cells. This is achieved through the selective inhibition of CTLA4 function in cancer-specific T cells, which increases their capacity to eliminate tumors. Ticaros modifies the CAR construct to enhance the binding affinity of CAR-T cells to tumor cells, providing patients with access to novel cancer treatments that aim to improve therapeutic outcomes.

SeaWith

Series A in 2021
SeaWith is a biotechnology startup focused on creating cell-cultured steak derived from seaweed, specifically utilizing a low-iodine seaweed variant known as Yo.od. The company aims to provide a sustainable alternative to traditional meat production by developing clean meat in a laboratory setting. SeaWith employs its proprietary culture media, made from microalgae, to cultivate meat that retains the taste and texture of conventional meat while being more affordable due to the abundance of microalgae. By doing so, SeaWith addresses the ethical and environmental challenges associated with livestock farming, offering consumers a delicious and cost-effective protein source that aligns with growing demands for sustainable food options.

ImpriMed

Series A in 2021
ImpriMed, Inc. is a biotechnology company focused on providing personalized drug response prediction services for veterinary oncology. Established in 2017 and headquartered in Palo Alto, California, with an additional office in Seoul, South Korea, the company specializes in analyzing the drug responses of live cancer cells from pets, particularly in cases of lymphoma. By collecting genetic and cellular information from these cancer cells, ImpriMed develops precision medicine techniques that assist veterinary oncologists in selecting the most effective anticancer treatments for individual pets. This patient-derived database not only enhances treatment decisions for animals but also has the potential to translate insights into human oncology, ultimately aiding in the development of tailored cancer therapies for humans.

Qureator

Series A in 2021
Qureator specializes in the development of microphysiological systems (MPS) that replicate the complexity of tissue microenvironments, facilitating optimal microscale 3D cell culture conditions for biomedical research. Their innovative systems, known as Curiochips, enhance the efficiency and speed of drug development by improving the accuracy of clinical trials compared to traditional animal testing. By minimizing the need for animal administration and reducing potential errors, Qureator's technology allows the healthcare industry to test new drugs more effectively, ultimately streamlining the clinical trial process and contributing to advancements in medical research.

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
Plcoskin is a MedTech company focused on reconstructive plastic surgery and regenerative skincare solutions. The company has pioneered a biodegradable scaffold made from synthetic PCL, which eliminates the need for cadaver-sourced materials in breast reconstruction surgeries, thereby enhancing safety and reducing costs. These scaffolds are designed to be absorbed and replaced by the patient's own tissues, minimizing long-term side effects and ensuring a safer alternative compared to traditional options. Plcoskin's innovative approach reduces the cost of reconstructive breast surgery by 40%, bringing it down to approximately $3,000 per breast, while also decreasing average surgery times from 90 minutes to 30 minutes. Additionally, the mesh design of their scaffolds helps prevent the necessity for follow-up surgeries, a common issue with cadaver-sourced alternatives. To support research and development for their medical devices, Plcoskin has also developed Youlief, a line of cosmeceutical products available in various international markets, including the US, Europe, Taiwan, Singapore, and Japan.

Brewguru

Seed Round in 2019
Brewguru is an online beverage store that specializes in the production and sale of healthy beverages, including alcoholic options. The company focuses on crafting functional fermented drinks and offers both original and custom products tailored to individual preferences. In addition to its own line of beverages, Brewguru provides collaboration services for other companies, allowing them to create custom beer according to specific tastes and requirements. Through its innovative approach, Brewguru aims to enhance the beverage experience for health-conscious consumers while also catering to businesses seeking unique beverage solutions.

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. is a South Korean MedTech startup founded in 2017, specializing in artificial intelligence-based diagnostic software and semi-autonomous robotic systems for lung cancer and cardiac interventions. The company is comprised of a team of AI experts in computer vision, deep learning, and reinforcement learning, collaborating with top healthcare professionals, including those at Seoul Asan Medical Center, to enhance disease diagnosis and surgical procedures. Medipixel offers three primary solutions for intervention surgeons: an AI-based diagnosis tool that assists in identifying lesions during coronary angiography, a guide and planning solution that visualizes coronary arteries to facilitate guidewire manipulation, and an automated navigation engine that directs robotic units through arteries with real-time commands. These innovations aim to improve surgical outcomes and patient safety by reducing reliance on contrast agents and enhancing the precision of interventions.

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., founded in 2014 and based in Seoul, South Korea, is a manufacturer of products designed specifically for children. The company's product line includes the hugdoll, a comforting plush toy; the doidycup, a seat belt positioning doll that supports a child's head and neck during travel; and the role box, an educational kit aimed at helping children discover their talents and interests through career-based activities. Kidu focuses on creating products that enhance children's experiences in a friendly and supportive manner.

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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