IMM Investment

IMM Investment is an investment firm headquartered in Seoul, South Korea. It operates as an independent asset manager that makes investments across information technology, healthcare and biotech, and manufacturing sectors, including venture capital, mezzanine, and infrastructure opportunities. The firm serves institutional investors and investment professionals to create value for portfolio companies in these sectors.

Jaeyong Cho

Senior Managing Director

Hyun-Chan Cho Ph.D

Managing Partner

Younghwan Chung

Principal, Growth Capital

Jeanrok Han

Managing Director

Jiyun Jung Ph.D

Managing Director

Past deals in Retail

Shadowfax

Venture Round in 2025
Shadowfax is an on-demand logistics network that specializes in providing tech-enabled delivery solutions across various sectors, including e-commerce, food, pharmacy, and consumer goods. By leveraging its unique app, the company offers a reliable last-mile delivery service, allowing businesses to concentrate on their core operations while outsourcing their delivery needs. Shadowfax aims to enhance the customer experience through efficient, fast, and dependable delivery options. Its platform serves both online and offline retailers, catering to the diverse logistics demands of merchants and ensuring timely service. The company envisions establishing itself as a trustworthy and desirable delivery platform, emphasizing the use of advanced technology to streamline logistics and improve customer satisfaction.

Ride

Series A in 2025
RideNow: An app-based platform for test drives and vehicle purchases. RideCare: App-based B2B and B2C vehicle care services. RideContents: Educational services for automotive brands, aimed at enhancing the quality of manufacturers and importers. RideOn: After-sales management services for electric vehicle chargers.

WerksOut

Series A in 2024
WerksOut is an online fashion brand store.

SUGAR Cosmetics

Secondary Market in 2024
SUGAR Cosmetics is a Mumbai-based manufacturer and retailer of color cosmetics, founded in 2012. The company offers a diverse array of premium makeup products, including lipsticks, eyeliners, foundations, face palettes, blushes, bronzers, highlighters, primers, translucent powders, cleansing water, compact powders, nail lacquers, and cosmetics gift sets. Known for its cruelty-free stance, SUGAR has garnered a loyal following among millennials and bold, independent women, distinguishing itself with unique packaging and high-quality offerings. The brand's products are crafted in advanced facilities across Germany, Italy, India, the USA, and Korea, and are available through both retail stores and online channels, making it one of the fastest-growing beauty brands in India.

Trenbe

Series E in 2024
Trenbe Inc. is an e-commerce company based in Seoul, South Korea, specializing in the online sale of apparel, bags, shoes, and accessories for both men and women. Founded in 2016, Trenbe focuses on footwear products while offering a diverse range of related fashion items to cater to its customers' needs.

Olive International

Series B in 2023
Olive International operates lifestyle brands and focuses on developing and growing a targeted portfolio in beauty and household goods. It creates diverse brands to address fragmented global consumer needs, aiming to offer affordable beauty products by leveraging scale and a broad brand lineup.

MUSINSA

Series C in 2023
Musinsa Co., Ltd. is a fashion-focused company based in Seoul, South Korea, established in 2012. It operates both online and offline, offering a diverse range of products that include apparel, footwear, accessories, cosmetics, and more. Musinsa serves as a platform for various brands, including subculture, national, and global sports brands, providing customers with curated content, styling pictorials, and information on fashion trends. The company emphasizes customer engagement by allowing users to interact with brands and access personalized curation and storytelling. Additionally, Musinsa publishes an online fashion web magazine that showcases product information and brand highlights, further enriching the fashion culture and consumption experience in the Korean market.

Mardi Mercredi

Series A in 2023
Mardi Mercredi is a clothing retailer specializing in easy-to-wear everyday apparel for women, men, and children. The company offers a diverse range of products, including jackets, jeans, tops, shirts, and various accessories. Known for its French-inspired designs, Mardi Mercredi caters to the fashion needs of its customers by providing stylish and practical clothing options that reflect current trends while ensuring comfort and accessibility.

Trenbe

Series D in 2022
Trenbe Inc. is an e-commerce company based in Seoul, South Korea, specializing in the online sale of apparel, bags, shoes, and accessories for both men and women. Founded in 2016, Trenbe focuses on footwear products while offering a diverse range of related fashion items to cater to its customers' needs.

OHouse

Series D in 2022
OHouse is a all-in-one lifestyle platform that integrates content, community, and commerce. 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. OHouse revolutionizes the lifestyle(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. As the leading innovators of the home furnishing industry, Ohouse aims to become an lifestyle super application that provides the best customer experience. Ohouse won the Best App Award by Google Play in 2018, and its app is downloaded by more than 20 million users.

Living Workshop

Series A in 2022
Living Workshop sells pet supplies, kitchen utensils, hygiene, and cleaning products.

Shopl & Company

Series A in 2022
Shopl & Company is a SaaS-based software provider focused on enhancing retail management through innovative tools that address employee attendance, performance monitoring, and data collection. Established in 2020, Shopl connects field team employees with back-office personnel, facilitating real-time communication and operational efficiency. The platform offers features such as sales target management, point-of-sale data collection, and inventory status updates, which help clients streamline operations and reduce costs. With a user base of 10,000, Shopl generates revenue by servicing global manufacturing companies, ultimately improving employee engagement and overall business performance in the retail sector.

Retailo

Debt Financing in 2022
Retailo is an online B2B marketplace focused on digitizing the retail supply chain in the MENAP region. Founded in July 2020 by former Careem executives, the company is headquartered in Riyadh, Saudi Arabia. Retailo has rapidly emerged as a leading startup, serving over 35,000 active retailers who can access more than 2,000 stock-keeping units (SKUs) through its app, with deliveries made within 24 hours of order placement. The company operates multiple warehouses across various cities in the MENAP region, managing a vast inventory from hundreds of brands, including direct partners. With a workforce of over 500 employees, Retailo processes tens of thousands of orders each month. Its mission is to simplify retail operations and enhance supply chain accessibility, aiming to unlock the earning potential of 10 million small and medium-sized enterprise retailers across the region and contribute to the overall economic growth.

kukka

Series B in 2021
kukka is a Seoul-based flower company founded in 2014 that provides flower delivery and subscription services for offices, showrooms, ateliers, events, and homes through retail stores and online channels. Its offerings include corporate event flowers, promotional flower boxes, customer-care flowers, and floral decorations, as well as flower subscription, bouquet delivery (including same-day service), and custom flower design. The company serves individual and corporate customers, enabling them to order fresh flowers online and for workplace environments.

Amondz

Series B in 2021
Amondz operates an online jewelry marketplace that connects buyers with a curated selection of independent designers and handcrafted pieces. The platform offers category-based navigation, personalized recommendations, brand-specific storefronts, promotional campaigns, fulfillment services, and real-time inventory updates, facilitating streamlined transactions while enhancing product visibility and improving the shopping experience across diverse styles and price ranges.

Channel Talk

Series C in 2021
Channel Talk is an AI messenger that is focused on helping DTC companies provide VIP-level customer service. We raised $40 million USD in our Series C, and are one of the fastest-growing B2B SaaS startups, currently servicing more than 150,000 brands across the world. At Channel Talk, we believe that a good product nurtures growth in a business and that simple conversations with customers can become the driving force for success. We help you stand out by utilizing AI to resolve repetitive inquiries so you have time to build genuine relationships through our powerful CRM and provide excellent support to your customers.

MUSINSA

Venture Round in 2021
Musinsa Co., Ltd. is a fashion-focused company based in Seoul, South Korea, established in 2012. It operates both online and offline, offering a diverse range of products that include apparel, footwear, accessories, cosmetics, and more. Musinsa serves as a platform for various brands, including subculture, national, and global sports brands, providing customers with curated content, styling pictorials, and information on fashion trends. The company emphasizes customer engagement by allowing users to interact with brands and access personalized curation and storytelling. Additionally, Musinsa publishes an online fashion web magazine that showcases product information and brand highlights, further enriching the fashion culture and consumption experience in the Korean market.

Trenbe

Series B in 2021
Trenbe Inc. is an e-commerce company based in Seoul, South Korea, specializing in the online sale of apparel, bags, shoes, and accessories for both men and women. Founded in 2016, Trenbe focuses on footwear products while offering a diverse range of related fashion items to cater to its customers' needs.

OHouse

Series C in 2020
OHouse is a all-in-one lifestyle platform that integrates content, community, and commerce. 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. OHouse revolutionizes the lifestyle(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. As the leading innovators of the home furnishing industry, Ohouse aims to become an lifestyle super application that provides the best customer experience. Ohouse won the Best App Award by Google Play in 2018, and its app is downloaded by more than 20 million users.

It Communication

Series A in 2020
It Communication develops Must It, an online retail store focused on selling international designer brand products to its customers. The website features products from a wide range of popular global brands including apparel, accessories, and lifestyle goods. Customers are able to browse through the website and purchase their products and have them delivered to their door step with a few clicks.

IDUS

Series D in 2020
IDUS is an online store that sells watches, home fabric, shoes, rings, earrings, necklaces, bracelets, phone cases, digital accessories, and home interior products. They enable customers to transact directly with sellers over the Internet via a web browser or a mobile app. Their goods benefit customers.

Swatch On

Corporate Round in 2020
Swatch On operates a fabric marketplace designed to facilitate reliable fabric sourcing for fashion designers. Launched with the goal of offering a diverse selection of unique, high-quality wholesale fabrics at competitive prices, Swatch On has developed a comprehensive database of fabrics sourced from Dongdaemun. The company prides itself on its team of young, creative, and motivated professionals who are passionate about fashion fabric. Their personalized approach ensures that clients receive tailored assistance in finding the perfect materials for their collections, enhancing the overall experience of sourcing fabrics for design projects.

StyleShare

Series D in 2020
StyleShare Inc. is a South Korean company founded in 2011 that specializes in designing and developing a mobile and web application focused on fashion, beauty, and lifestyle. The platform serves as a real-time space for users to share and receive updates related to these interests, allowing individuals to showcase their daily outfits and recent purchases. With millions of users across 120 countries, StyleShare has established itself as a leading mobile platform in the fashion and beauty sector, earning recognition from prominent publications such as VOGUE, Instyle, and Elle Japan. Through its innovative application, StyleShare facilitates a vibrant community where users can connect over their shared passion for fashion.

Amondz

Series A in 2020
Amondz operates an online jewelry marketplace that connects buyers with a curated selection of independent designers and handcrafted pieces. The platform offers category-based navigation, personalized recommendations, brand-specific storefronts, promotional campaigns, fulfillment services, and real-time inventory updates, facilitating streamlined transactions while enhancing product visibility and improving the shopping experience across diverse styles and price ranges.

Flexfit

Venture Round in 2020
Flexfit designs, manufactures, and sells custom furniture suitable for apartments and condominiums.

Trenbe

Series A in 2019
Trenbe Inc. is an e-commerce company based in Seoul, South Korea, specializing in the online sale of apparel, bags, shoes, and accessories for both men and women. Founded in 2016, Trenbe focuses on footwear products while offering a diverse range of related fashion items to cater to its customers' needs.

Trenbe

Series A in 2019
Trenbe Inc. is an e-commerce company based in Seoul, South Korea, specializing in the online sale of apparel, bags, shoes, and accessories for both men and women. Founded in 2016, Trenbe focuses on footwear products while offering a diverse range of related fashion items to cater to its customers' needs.

Amondz

Series A in 2019
Amondz operates an online jewelry marketplace that connects buyers with a curated selection of independent designers and handcrafted pieces. The platform offers category-based navigation, personalized recommendations, brand-specific storefronts, promotional campaigns, fulfillment services, and real-time inventory updates, facilitating streamlined transactions while enhancing product visibility and improving the shopping experience across diverse styles and price ranges.

IDUS

Venture Round in 2018
IDUS is an online store that sells watches, home fabric, shoes, rings, earrings, necklaces, bracelets, phone cases, digital accessories, and home interior products. They enable customers to transact directly with sellers over the Internet via a web browser or a mobile app. Their goods benefit customers.

OHouse

Series A in 2018
OHouse is a all-in-one lifestyle platform that integrates content, community, and commerce. 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. OHouse revolutionizes the lifestyle(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. As the leading innovators of the home furnishing industry, Ohouse aims to become an lifestyle super application that provides the best customer experience. Ohouse won the Best App Award by Google Play in 2018, and its app is downloaded by more than 20 million users.

StyleShare

Series C in 2018
StyleShare Inc. is a South Korean company founded in 2011 that specializes in designing and developing a mobile and web application focused on fashion, beauty, and lifestyle. The platform serves as a real-time space for users to share and receive updates related to these interests, allowing individuals to showcase their daily outfits and recent purchases. With millions of users across 120 countries, StyleShare has established itself as a leading mobile platform in the fashion and beauty sector, earning recognition from prominent publications such as VOGUE, Instyle, and Elle Japan. Through its innovative application, StyleShare facilitates a vibrant community where users can connect over their shared passion for fashion.

OA

Venture Round in 2018
OA operates an electronic store that provides technological products. The company offers electronic appliances such as health homes, household appliances, beauty products, kitchen appliances, air cleaners, and many others.

B.Cave

Venture Round in 2018
B.Cave is a retailer specializing in international fashion brands. It offers a wide range of products including casual wear, shoes, bags, hoodies, jeans, and coats from diverse global brands and seasonal collections.

StyleShare

Venture Round in 2016
StyleShare Inc. is a South Korean company founded in 2011 that specializes in designing and developing a mobile and web application focused on fashion, beauty, and lifestyle. The platform serves as a real-time space for users to share and receive updates related to these interests, allowing individuals to showcase their daily outfits and recent purchases. With millions of users across 120 countries, StyleShare has established itself as a leading mobile platform in the fashion and beauty sector, earning recognition from prominent publications such as VOGUE, Instyle, and Elle Japan. Through its innovative application, StyleShare facilitates a vibrant community where users can connect over their shared passion for fashion.

OHouse

Seed Round in 2016
OHouse is a all-in-one lifestyle platform that integrates content, community, and commerce. 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. OHouse revolutionizes the lifestyle(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. As the leading innovators of the home furnishing industry, Ohouse aims to become an lifestyle super application that provides the best customer experience. Ohouse won the Best App Award by Google Play in 2018, and its app is downloaded by more than 20 million users.

Must It

Venture Round in 2016
Must It is a retail platform focused on the sale of luxury fashion and beauty products. The company offers a diverse range of high-end items for men, women, and children, including sweaters, pants, skirts, sneakers, slippers, hair care products, and various accessories. By providing an extensive selection of premium goods, Must It aims to create a convenient shopping experience for customers seeking stylish and quality apparel.

Woman’s Talk

Series A in 2015
Woman’s Talk is viewed by its users as a ‘friendly’ platform for the way in which it provides users with pricing and product related information. A key factor in the success of the business is the requirement for product brands to provide their most competitive price and product guarantee. Woman’s Talk in return provides a lower service fee compared to traditional distribution services whilst also providing the full marketing support required to promote the product.

SJ Group

Venture Round in 2012
SJ Group, established in 2008 and based in Seoul, South Korea, is a clothing manufacturing and retail company. It produces and sells a range of products under brands like KANGOL, KANGOL KIDS, HELLEN KAMINSKI, and BOODY, including backpacks, hats, children's clothing, innerwear, and women's wear. The company is involved in manufacturing, wholesaling, and retailing these products.

Coupang

Venture Round in 2011
Coupang is South Korea's largest e-commerce platform, offering a wide range of products including electronics, fashion, food, and furniture. It operates primarily in South Korea and Taiwan, with an extensive logistics network ensuring timely delivery.

OliPass Cosmeceuticals

Venture Round in 2010
OliPass Cosmeceuticals manufactures personal care products. The company offers a wide range of skin and hair care products. The company sells products both online and in physical stores.

Point Mobile

Venture Round in 2010
Founded in 2006, Point Mobile specializes in manufacturing rugged mobile computers and scanners tailored for enterprise use. Their product portfolio includes handheld devices, smartphones, payment terminals, healthcare equipment, RFID readers, and accessories such as cradles and vehicle chargers.

Carver Korea

Venture Round in 2008
Carver Korea Co., Ltd. is a prominent cosmetics manufacturer based in Seoul, South Korea, and operates as a subsidiary of Unilever PLC since November 2017. The company offers a diverse range of products, including skincare, makeup, and fashion items. Its well-known brands, such as A.H.C (Aesthetic Hydration Cosmetics), Shara Shara, and Vivito, encompass various skincare solutions like eye creams, essences, and toners. Additionally, Carver Korea provides women's apparel under the brand Lenouvelle. The company's products are distributed through multiple channels, including home shopping television networks, retail stores, duty-free shops, beauty salons, skincare clinics, and e-commerce platforms, catering to consumers across Korea.

Farm8

Venture Round in 2006
Farm8 is an agricultural firm focused on the production and distribution of a variety of salad vegetables. The company specializes in growing sprouts, mini-baby leaf vegetables, baby leaf vegetables, paprika, mini vegetables, herbs, and other specialty vegetables. By providing customers with access to fresh produce, Farm8 aims to enhance dietary habits and promote healthier eating choices. The firm is dedicated to delivering high-quality agricultural products to meet the growing demand for fresh vegetables.

Cafe24

Venture Round in 2003
Cafe24 is a global e-commerce platform that enables businesses to create and manage online Direct-to-Consumer (DTC) stores. The company offers a comprehensive suite of services, including web hosting, online store-building tools, and marketing solutions, to assist sellers in reaching global markets. Additionally, Cafe24 collaborates with prominent global partners such as Facebook and Google to enhance its offerings. The platform supports multiple languages, including English, Spanish, Chinese, Japanese, Korean, and Vietnamese, catering to a diverse clientele. With over 2 million online stores powered by its services, Cafe24 positions itself as a leader in the e-commerce industry, providing a free-to-use platform that simplifies the online selling process.
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