Korea Development Bank

Korea Development Bank (KDB) is a South Korean banking institution established in 1954, headquartered in Seoul. It offers a wide range of banking products and services, both domestically and internationally. KDB's core services include deposit products, corporate banking, investment banking, and international banking. It provides corporate loans, equity investments, debt guarantees, and various funding services. Additionally, KDB offers consulting services for business areas such as project development, corporate management, and financial advisory. The bank serves individual and corporate customers, including small and medium-sized enterprises, through 74 domestic branches, 9 overseas branches, and 9 representative offices. KDB's mission is to support Korea's economic growth and development by providing long-term financing for major industrial projects and extending guarantees to its clients.

Dong-gull Lee

CEO

Past deals in Series C

RECO

Series C in 2025
RECO is a waste management platform that combines digital solutions and customized waste hauling services. They provide optimal waste management solutions for each business site. Their services include improving the emission environment, waste collection and transport, management automation, and resource circulation. They manage the entire process, from waste disposal to final treatment. It offers dedicated software (web/app) to assist with waste management automation. The software can easily manage all tasks, from monitoring emissions data to checking real-time rates and waste reporting documents, reducing work hours.

Pin Therapeutics

Series C in 2024
Pin Therapeutics, Inc. is a biotechnology company founded in 2017 and based in South San Francisco, California. The company specializes in developing therapeutic products that utilize protein degradation technology to target and break down disease-causing proteins. Pin Therapeutics focuses on treating immune diseases, cancer, and age-related conditions. Its drug discovery efforts include programs centered on novel molecular glue degraders and a PROTAC program, aimed at addressing specific medical needs and enhancing treatment efficacy. The company employs a diverse team of scientists and leaders with experience from global pharmaceutical and biotech firms, and it operates with a notable presence in both the United States and Korea. Pin Therapeutics is committed to advancing drug discovery through innovative screening systems and platforms that improve biological specificity for targeted protein degradation.

Ubix Therapeutics

Series C in 2024
Ubix Therapeutics, Inc. is a research and development company based in Seoul, South Korea, focused on creating anti-cancer drugs through its innovative proteolysis targeting chimera platform technology. This approach employs inhibitor technology to degrade specific target proteins within cells, aiming to enhance therapeutic efficacy for various cancers. By binding to proteins associated with targeted diseases, Ubix Therapeutics seeks to provide effective and life-saving treatments for patients, thereby supporting medical professionals in their efforts to combat cancer.

Meissa

Series C in 2024
Meissa is a drone-based construction technology startup that specializes in real-time 3D mapping and modeling. The company has developed a construction data platform that enhances safety and convenience in construction projects. By utilizing drones, Meissa digitalizes construction sites, providing spatial data for design level comparisons and the overlay of floor plans. This innovative approach allows construction companies to streamline their processes and complete projects more efficiently.

H Energy

Series C in 2024
H Energy provides optimal operation of distributed resources and power brokerage services.

Nota AI

Series C in 2024
Nota AI is a technology startup specializing in artificial intelligence model optimization. The company has developed a proprietary platform, NetsPresso, which is designed to optimize AI models for specific hardware, thereby reducing the time and resources needed for development. This optimization allows various industries, such as intelligent transportation systems and low-powered driver monitoring systems, to implement enhanced AI solutions tailored to their specific needs. Through its innovative approach, Nota AI aims to facilitate the efficient deployment of AI technologies across diverse applications.

Medistream

Series C in 2024
Medistream operates an integrated platform for oriental medicine.

bHaptics

Series C in 2024
bHaptics is a developer of advanced haptic devices that enhance the virtual reality experience by providing a sense of touch. The company offers a full-body haptic vest equipped with 40 feedback points, delivering precise and lag-free wireless interaction. This vest is designed to be compatible with various platforms, enabling users to experience haptic feedback while listening to music, watching movies, or playing games, even those without native support. Additionally, bHaptics produces wearable haptic gloves, further bridging the gap between the virtual world and the user's physical sensations. By integrating these technologies, bHaptics aims to create a more immersive and emotionally engaging experience for gamers and users alike.

MUSINSA

Series C in 2023
MUSINSA is a fashion business company that offers personalized curation and storytelling for various brands and products. Its platform helps brands and consumers' lifestyles by designing, creating, enjoying, and interacting with fashion. It also delivers fashion trends and information to help customers engage and interact.

Sky Labs

Series C in 2023
Sky Labs is focused on developing innovative wearable technology for continuous health monitoring, specifically targeting atrial fibrillation, a common but often undiagnosed heart condition. The company’s flagship product, the Cardio Tracker (CART), is a cuffless, ring-type device that allows users to monitor their heart health effortlessly by simply wearing it on their finger. This device is designed to be comfortable and practical for daily use, being waterproof and dustproof so that it can be worn continuously, even during activities like showering. The CART operates without requiring user intervention, automatically detecting and recording instances of atrial fibrillation to provide users with real-time health data accessible via a smartphone app. This capability not only helps users manage their heart health but also assists healthcare professionals in diagnosing atrial fibrillation based on the data collected. Sky Labs is currently engaged in clinical trials with Seoul National University Hospital to validate the device's performance and is collaborating with Bayer to enhance its healthcare offerings. The initial target market includes atrial fibrillation patients in Finland, with a broader goal of reaching millions globally.

Brexogen

Series C in 2023
Brexogen is a biotechnology company focused on the research and development of cell therapies aimed at treating incurable diseases through the use of stem cell exosomes. The company specializes in creating optimized parental cells that enhance exosome production, exhibiting superior proliferation and secretion capabilities compared to traditional stem cells. This innovation allows for a more effective system for mass production of exosomes, which is essential for advancing their commercialization. Brexogen’s work aims to provide new therapeutic options for patients suffering from challenging medical conditions.

FuriosaAI

Series C in 2023
FuriosaAI delivers the performance for real-time AI services while achieving energy efficiency for the lowest operation cost at scale. They build the entire product on a solid core foundation because AI chips on the ground are doomed to fail when it comes to addressing the complex and rapidly changing requirement metrics of hyper scalers and enterprises.

Wefun

Series C in 2023
Wefun is a company focused on managing office snacks, offering a diverse selection to meet the tastes of employees. They employ a dedicated snack curator who conducts personalized consultations to understand client preferences and recommend new products. This tailored approach allows businesses to order weekly snacks that align with the specific tastes of their workforce, enhancing the overall workplace experience.

Agreable

Series C in 2023
Agreable is a brand commerce startup that manufactures and distributes lifestyle products.

THE PIRATES

Series C in 2022
The Pirates Co., Ltd. specializes in the development and operation of a mobile application that serves both wholesale and retail markets for seafood products. Established in 2018 and headquartered in Seoul, South Korea, the company also operates an aquatic market news platform that delivers information on fresh seafood offerings. This platform connects consumers with suppliers, providing essential insights into the quality of marine products and facilitating informed purchasing decisions. Through its innovative approach, The Pirates aims to enhance the seafood purchasing experience by bridging the gap between consumers and the fish market.

FASSTO

Series C in 2022
FASSTO is a consulting company that specializes in providing fulfillment services for online merchants. The company focuses on packaging, delivery, logistics, and shipping solutions tailored to meet the needs of businesses, particularly those with limited resources. By leveraging digital technologies such as artificial intelligence and big data, FASSTO creates a user-friendly environment that allows small-scale sellers, including one-person operations and those shipping individual items, to efficiently manage their shipping processes. This approach helps clients save time and money, enabling them to concentrate on other critical areas of their business.

Anipen

Series C in 2022
Anipen is a South Korean company focused on developing a 3D content platform that leverages augmented reality and deep learning technologies. The company specializes in creating applications for short video platforms and video games, enabling businesses to produce augmented reality web TV shows, social media promotional videos, and animated clips accessible on mobile devices. Anipen's innovative solutions facilitate the development of video communication and entertainment platforms, allowing enterprises to effectively promote their products and engage with their audiences.

E Green Global

Series C in 2022
E Green Global is an agri-tech company that specializes in the mass production of seed potatoes using proprietary tissue culture technology. This innovative approach allows the company to produce high-quality seed potatoes on a commercial scale, addressing the limitations of the traditional seed potato supply system. By employing this technology, E Green Global enables customers to access agricultural products that are free from viruses, nematodes, bacteria, and diseases, thereby enhancing food safety and crop yields.

CONTEC

Series C in 2022
CONTEC is providing ground station services, satellite image processing, and application services. The company's ground station network supports VHF, UHF, S-Band, and X-Band frequencies for TT&C via high-performance receivers for high data rate reception. They especially focus on applications for urban change detection of smart cities and aim to provide the best service possible for local governments and therefore contribute to urban development. Contec's main goal of building a global ground station network and operating its own Earth observation satellites.

Rznomics

Series C in 2022
Rznomics is a biotechnology company founded by professor Lee Sung-wook's lab, focusing on the development of innovative gene therapy products aimed at treating liver cancer and other serious medical conditions. The company specializes in ribonucleic acid-based therapies that address significant unmet medical needs, particularly in the areas of cancer, degenerative neurological disorders, and hereditary diseases. By creating new biopharmaceuticals, Rznomics aims to provide medical practitioners with effective treatment options for challenging health issues, including various types of cancer and Alzheimer’s disease. The company has garnered recognition for its technological excellence, having been selected for the TIPS program, which highlights its commitment to advancing medical science.

WonderWall

Series C in 2022
Wonderwall is an online art learning platform that connects artists and facilitates the sharing of practical knowledge. It offers a virtual learning environment where users can access a variety of online videos covering diverse subjects, including music, acting, directing, art, photography, design, and cooking. This platform enables individuals to enhance their skills and learn from experienced professionals in the comfort of their own homes.

Apartmentary

Series C in 2022
Apartmentary specializes in providing apartment remodeling services that focus on enhancing the living experience of its customers. The company offers a variety of services, including kitchen design, cabinet design, room color selection, folding doors, and floor and wall design. Apartmentary employs a personalized approach to home improvement, aiming to create spaces that reflect individual lifestyles and preferences. By collaborating with domestic and international manufacturers known for their technological expertise, Apartmentary delivers customized home design solutions that make living spaces both beautiful and functional. Through its mentoring framework, the company encourages customers to articulate their stories and visions, contributing to a unique and aesthetically pleasing home environment.

Amyloid Solution

Series C in 2022
Amyloid Solution Inc., headquartered in Seongnam, South Korea, is a biopharmaceutical company dedicated to developing innovative therapies for Alzheimer's disease. The company focuses on understanding and targeting the underlying pathophysiological events driving disease progression to discover novel, disease-modifying treatments. Their mission is to provide effective solutions for patients with Alzheimer's disease at various stages and pathological alterations.

OnePredict

Series C in 2022
Established in 2016, OnePredict is a prominent provider of industrial AI technology, recognized for its innovative solutions in machine digitalization and intelligence. The company has won the Global PHM Data Challenge nine times, highlighting its expertise in this field. OnePredict's product line, including the GuardiOne® Series, Cells, Edge, and Cloud solutions, focuses on delivering advanced AI applications for various industrial components such as bearings, turbines, wind farms, transformers, robots, and motors. Its software is designed to transform data into actionable insights through predictive analytics, helping businesses assess the risk of failure and determine the remaining lifespan of critical equipment. By enabling accurate and timely decision-making, OnePredict supports companies across diverse industries in enhancing operational efficiency and reliability.

Sir.Loin

Series C in 2022
Sir.Loin is an e-commerce platform specializing in Korean beef, providing customers with direct access to high-quality meat products. The company oversees the entire supply chain, including feeding, breeding, aging, and processing, ensuring that customers receive premium meat without complications. By managing this comprehensive process, Sir.Loin focuses on delivering a seamless customer experience while maintaining high standards of quality in its offerings.

Dealicious

Series C in 2022
Dealicious operates as an online marketplace designed to connect fashion wholesalers and retailers on a global scale. By facilitating direct access to a vast selection of quality merchandise, including clothing, bags, shoes, and accessories, Dealicious streamlines the wholesale purchasing process. The platform primarily focuses on the Dongdaemun fashion district in South Korea, renowned for its concentration of fashion manufacturing and distribution within a compact area. With approximately 11,000 registered wholesale stores, Dealicious enables retailers to browse and order from a diverse array of items, with 24,000 new products added daily. This approach eliminates the need for retailers to visit physical markets, allowing them to save valuable time and resources. Dealicious is committed to enhancing the user experience by continuously developing customer-centric services that ensure seamless access to high-quality products in the Korean fashion market.

RecensMedical

Series C in 2021
Recens Medical develops a precision cooling device designed to rapidly and accurately cool the surface of the eye. This innovative technology offers precise temperature control for various medical applications, facilitating rapid anesthesia of ocular surfaces and providing therapeutic benefits for dermatologic and orthopedic conditions. By minimizing tissue damage, Recens Medical's device aims to enhance patient comfort and efficiency during medical procedures, presenting new treatment alternatives and improving overall outcomes.

SM Lab

Series C in 2021
SM Lab provides develops and produces anode and cathode materials for secondary batteries.

Livicon

Series C in 2021
Livicon is a manufacturer and supplier specializing in polymer-dispersed liquid crystal displays. The company provides a range of display panels, including normal film products, glass lamination, and self-adhesive options. Livicon focuses on responding to rapidly changing environments and competitive conditions by adhering to stringent quality control measures during production. This commitment allows clients to obtain display panels that meet their needs at a low cost, ensuring affordability without compromising quality.

Brandi

Series C in 2021
Brandi is a vertical commerce company founded in 2014 and headquartered in Seoul, South Korea. It operates a retail platform specializing in the fashion and beauty sectors, providing both B2C and B2B shopping experiences. Brandi offers a diverse range of products, including clothing, cosmetics, and home interior items. The company focuses on creating a connected ecosystem that links manufacturers, wholesalers, and consumers, thereby aiding young individuals in engaging with current fashion trends. Through its platform, Brandi aims to make various clothing brands accessible to customers at affordable prices.

Fount

Series C in 2021
Fount Inc. is an asset management Robo-Advisor company established in 2015 and headquartered in Seoul, South Korea. The firm specializes in providing customized financial portfolios through its advanced Robo-Advisor engine, Bluewhale, which utilizes AI technology and asset allocation theories to determine the optimal mix of assets. Fount's investing algorithm, driven by big data, assists clients in planning for various life events by promoting passive investing strategies that align with individual risk tolerance and time horizons. The company's tools enable clients to monitor financial markets and adjust their asset allocations in response to market fluctuations.

Makestar

Series C in 2021
Makestar is a platform dedicated to K-culture content, connecting Hallyu stars with fans across the globe. It serves as a music crowdfunding platform that supports various projects related to Korean pop music, allowing artists and production companies to share their creative visions. By fostering interactions between fans and celebrities, Makestar enables fans to engage directly in the content creation process and facilitates the international advancement of K-pop artists. This unique model not only strengthens the bond between fans and artists but also enhances the global reach of Korean entertainment.

H2O Hospitality

Series C in 2021
H2O Hospitality, Ltd. is a hospitality management company based in Seoul, South Korea, specializing in the Korean and Japanese markets. Established in 2015, it is recognized as the largest vacation rental management company in its region. H2O Hospitality offers a range of services including profit management, housekeeping and facility management, customer call response, online sales and marketing, as well as reservation and inventory management. The company utilizes an innovative property management system (PMS) that automates operational flows by linking calendars between guests, rooms, and housekeepers, thereby significantly reducing fixed operational costs and enhancing facility yield. Additionally, H2O Hospitality provides digital management solutions to streamline operations for vacation rental properties, facilitating bookings from various online travel agencies and optimizing customer attraction.

H2O Hospitality

Series C in 2021
H2O Hospitality, Ltd. is a hospitality management company based in Seoul, South Korea, specializing in the Korean and Japanese markets. Established in 2015, it is recognized as the largest vacation rental management company in its region. H2O Hospitality offers a range of services including profit management, housekeeping and facility management, customer call response, online sales and marketing, as well as reservation and inventory management. The company utilizes an innovative property management system (PMS) that automates operational flows by linking calendars between guests, rooms, and housekeepers, thereby significantly reducing fixed operational costs and enhancing facility yield. Additionally, H2O Hospitality provides digital management solutions to streamline operations for vacation rental properties, facilitating bookings from various online travel agencies and optimizing customer attraction.

Laundrygo

Series C in 2021
Laundrygo is an on-demand laundry service that offers subscription-based laundry cleaning solutions. The company focuses on delivering a convenient and efficient alternative to traditional laundry services by ensuring that customers receive their cleaned laundry within one day. By providing this rapid turnaround at a lower cost than conventional laundry shops, Laundrygo aims to enhance the customer experience and eliminate the hassle often associated with laundry tasks.

Musicow

Series C in 2021
Musicow, Inc. is a company based in Seoul, South Korea, that operates an online platform facilitating the investment in music copyrights. Founded in 2017, Musicow allows musical artists to share their copyright with fans, enabling fans to invest in K-Pop songs through a public auction or an online marketplace. The platform offers users the ability to buy and sell fractional ownership of music rights, thereby creating opportunities for fans and investors to earn royalties based on the streaming and usage of the songs. Additionally, Musicow features a secondary marketplace for music copyright trading and project financing, enhancing participation in the music industry and allowing for potential returns on investments.

Logispot

Series C in 2021
Logispot is a South Korean company founded in 2016 that specializes in digital logistics and freight transport services. It operates a platform designed to streamline the fragmented cargo transportation market by offering integrated transport management and efficient handling of incoming and outgoing shipments. The platform also facilitates seamless integration with customers' internal systems, ensuring a hassle-free experience in the movement of goods and services. By providing systematic functions, Logispot aims to enhance the efficiency and convenience of logistics operations for its clients.

Kmong

Series C in 2021
Kmong Inc. is a South Korean company that operates a freelance and micro-job marketplace, facilitating the exchange of services between individuals. Established in June 2012, the platform allows users to buy and sell a wide range of services across various categories, including design, IT and programming, marketing, consulting, translation, writing, and more. Freelancers can list their services with price quotes, making it easier for potential clients to find and engage with them. Kmong's services extend beyond traditional categories to include offerings like private lessons and unique personal services. The company is based in Seoul and provides a mobile application for Android devices, enhancing accessibility for users.

OPENEDGES Technology

Series C in 2021
OPENEDGES Technology researches AI acceleration technology to contribute to democratizing AI innovation. The company provides IP technology for smart computing, enabling Internet of Smart Things. The company provides IPs in two technology sectors of smart computing highly efficient AI acceleration and high-performance memory subsystem including DDR memory controller and on-chip interconnect IP. The company offers the needed boost to performance, efficiency, and reliability. OPENEDGES Technology was founded on 2015 and is headquartered in Seoul, Korea.

Qraft

Series C in 2021
Qraft Technologies Inc., established in 2016 and headquartered in Seoul, specializes in designing and developing AI-based solutions for the asset management, trading, and insurance sectors. The company's team comprises data scientists, engineers, and investment experts who collaborate to create AI-driven investment solutions. Qraft's platform aims to enhance investment efficiency by reducing costs, maximizing productivity, and offering customizable solutions for various applications, such as autonomous driving and insurance underwriting.

SolarConnect

Series C in 2021
SolarConnect, Inc. is a company based in Seoul, South Korea, specializing in solar energy and information technology-based energy solutions. Founded in 2016, SolarConnect operates solar energy plants and provides installation services for solar panels in residential buildings and apartments. The company's expertise encompasses both the solar and energy industries, focusing on delivering innovative financial and IT solutions to enhance energy efficiency and sustainability.

Qraft

Series C in 2020
Qraft Technologies Inc., established in 2016 and headquartered in Seoul, specializes in designing and developing AI-based solutions for the asset management, trading, and insurance sectors. The company's team comprises data scientists, engineers, and investment experts who collaborate to create AI-driven investment solutions. Qraft's platform aims to enhance investment efficiency by reducing costs, maximizing productivity, and offering customizable solutions for various applications, such as autonomous driving and insurance underwriting.

TAKEONE Studio

Series C in 2020
TAKEONE Studio creates and develops original IP addresses for various media and entertainment content. It provides digital access to brands' films, web novels, and games.

Nyou

Series C in 2020
Nyou is a game development company focused on creating and publishing recreational games. The company specializes in developing immersive experiences, including a massively multiplayer online role-playing game set in a dynamic medieval world. This game evolves based on players' decisions, providing engaging content that captivates users. Through its innovative approach, Nyou aims to enhance the gaming experience and keep players invested in the evolving narrative of its games.

Laserssel

Series C in 2020
Laserssel specializes in the manufacture and distribution of advanced laser technology and optical components. The company produces beam-shaping optics and optical lasers, as well as laser selective reflow systems and laser compression bonders. Its innovative solutions are designed to support various industries, including semiconductor manufacturing, high-end displays, automotive, consumer electronics, military applications, and industrial sectors. By focusing on precision and quality, Laserssel aims to meet the diverse needs of its global clientele.

malhae

Series C in 2020
malhae is a mobile application that provides taste search guidance system by field of interest.

Fresh Easy

Series C in 2020
Fresh Easy is a distributor of meal kits.

Buzzvil

Series C in 2020
Buzzvil Co., Ltd. is a South Korean company specializing in lock screen advertising solutions. Founded in 2012 and headquartered in Seoul, Buzzvil offers Honeyscreen, a mobile application that turns smartphone lock screens into advertising spaces, and Buzzscreen, a software development kit (SDK) for Android that integrates advertisements into various applications. The platform serves both publishers and advertisers, enabling them to engage users effectively while providing unique advertising opportunities. By leveraging machine learning, Buzzvil aims to enhance digital marketing campaigns, fostering greater user interaction and improving conversion rates. The company is focused on expanding its offerings beyond traditional mobile screens to reach a wider audience and create new advertising inventories with diverse user interfaces.

Classting

Venture Round in 2018
Classting, Inc. is an educational technology company based in Seoul, South Korea, that focuses on enhancing communication and collaboration within the classroom. It offers a productivity application that serves as a social media platform, connecting educators, students, and parents both in and out of the classroom. The company addresses the longstanding challenge of catering to students with varying learning levels by providing an effective Learning Management System (LMS) and an AI-driven learning platform. This platform personalizes the educational experience and facilitates seamless communication among teachers, students, and parents. Additionally, Classting partners with over 20 content providers to offer a diverse array of educational resources, aiming to improve learning outcomes for students globally.

Neuromeka

Series C in 2018
Neuromeka is a robotics technology company that specializes in developing collaborative robots designed for safe interaction with humans in manufacturing environments. The company aims to create a robot-as-a-Service (RaaS) platform, which facilitates the integration and operation of robotic automation for small and medium-sized manufacturing enterprises. By focusing on ease of use and safety, Neuromeka enables businesses to adopt robotic solutions without requiring specialized expertise, thus promoting accessibility in the automation sector. This innovative approach allows for versatile applications across various industries, enhancing productivity while ensuring a secure working environment.
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