LB Investment

Established in 1996, LB Investment is a venture capital firm headquartered in Seoul, South Korea. The company focuses on investing in early-stage and growth-stage companies across diverse industries such as technology, healthcare, biotech, media, consumer goods, education, clean tech, and manufacturing.

Dooseok Chae

Managing Director, Executive Director and Head of Growth Secondary Headquarters

Jung Hyeong-rok

Deputy General Manager

Tony Park

Partner

Park Ki-ho

CEO, President

Past deals in South Korea

t'order

Series B in 2024
t'order is an information technology company that designs and operates tablet-based ordering and advertising platforms for food service brands. Its flagship table ordering service enables dine-in experiences with integrated POS compatibility, customizable tablet stands, real-time menu and sales management through a mobile app, and extended support hours to improve efficiency. The platform also provides targeted advertising opportunities and converts customer interaction data into actionable insights for restaurants and cafés, supporting optimization of service and growth. The company has deployed more than 250,000 tablets and serves over 25 million monthly active users, with a strong footprint in South Korea and ongoing international expansion to transform digital interactions in the food and beverage industry.

t'order

Series B in 2024
t'order is an information technology company that designs and operates tablet-based ordering and advertising platforms for food service brands. Its flagship table ordering service enables dine-in experiences with integrated POS compatibility, customizable tablet stands, real-time menu and sales management through a mobile app, and extended support hours to improve efficiency. The platform also provides targeted advertising opportunities and converts customer interaction data into actionable insights for restaurants and cafés, supporting optimization of service and growth. The company has deployed more than 250,000 tablets and serves over 25 million monthly active users, with a strong footprint in South Korea and ongoing international expansion to transform digital interactions in the food and beverage industry.

SemiFive

Series B in 2023
SemiFive is a processor design company based in Seongnam-si, South Korea, specializing in custom silicon solutions. It develops RISC-V core intellectual property and cloud-based SoC design platforms to create custom systems for consumer and industrial IoT. The company offers end-to-end SoC design capabilities, including platform-based approaches that leverage configurable domain-specific architectures and pre-validated IP pools to accelerate development and reduce cost and risk. It collaborates with foundry partners, notably Samsung Foundry as a SAFETM DSP partner, to provide a one-stop solution for silicon designs. SemiFive aims to help customers realize AI-enabled and data-center oriented workloads through scalable, low-cost silicon solutions.

Baum

Series A in 2022
Baum, Inc. is a Daejeon, South Korea-based company that specializes in electronic design automation (EDA) software and solutions aimed at optimizing the energy efficiency of semiconductor designs. Founded in 2016 by experienced professionals from the semiconductor industry, Baum's technology supports hardware and software for power and thermal management, thereby enhancing low-power consumption. The company's offerings cater to engineering teams across various sectors, including automotive, mobile, networking, and server markets, enabling them to improve the efficiency of their chip designs. As a privately held entity, Baum focuses on delivering innovative solutions to meet the evolving needs of its clients in the semiconductor industry.

t'order

Venture Round in 2022
t'order is an information technology company that designs and operates tablet-based ordering and advertising platforms for food service brands. Its flagship table ordering service enables dine-in experiences with integrated POS compatibility, customizable tablet stands, real-time menu and sales management through a mobile app, and extended support hours to improve efficiency. The platform also provides targeted advertising opportunities and converts customer interaction data into actionable insights for restaurants and cafés, supporting optimization of service and growth. The company has deployed more than 250,000 tablets and serves over 25 million monthly active users, with a strong footprint in South Korea and ongoing international expansion to transform digital interactions in the food and beverage industry.

K Auction

Convertible Note in 2022
K Auction is a leading art auction house based in Korea, specializing in modern and contemporary Korean art. The company conducts various types of auctions, including major auctions, special events, charity auctions, and private collection sales. K Auction features a diverse array of artworks, showcasing pieces by prominent Korean and international artists, as well as traditional Korean arts and crafts. By providing a platform for both established and emerging talent, K Auction plays a crucial role in promoting the cultural heritage and artistic innovation of Korea.

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.

IVIM Technology

Series C in 2022
IVIM Technology, founded in 2017 and based in Daejeon, South Korea, specializes in developing and manufacturing advanced medical devices, particularly the IntraVital Microscopy platform. The company provides services such as live cell intravital imaging, repetitive intravital imaging, drug efficacy monitoring, delivery monitoring, and whole tissue 3D imaging. IVIM Technology's innovations focus on exploring cellular interactions within living organisms to understand complex human diseases better. Their technology is instrumental in analyzing the in vivo efficacy of new biopharmaceuticals, including immunological, cell, gene, and antibody therapeutic agents, at the cellular level.

SemiFive

Series B in 2022
SemiFive is a processor design company based in Seongnam-si, South Korea, specializing in custom silicon solutions. It develops RISC-V core intellectual property and cloud-based SoC design platforms to create custom systems for consumer and industrial IoT. The company offers end-to-end SoC design capabilities, including platform-based approaches that leverage configurable domain-specific architectures and pre-validated IP pools to accelerate development and reduce cost and risk. It collaborates with foundry partners, notably Samsung Foundry as a SAFETM DSP partner, to provide a one-stop solution for silicon designs. SemiFive aims to help customers realize AI-enabled and data-center oriented workloads through scalable, low-cost silicon solutions.

Plasmapp

Venture Round in 2021
Plasmapp Co. Ltd. is a South Korean company that specializes in plasma engineering technology, focusing on the development of innovative solutions for sterilization and disinfection. Founded in 2015 and based in Daejeon, the company has created a range of products, including PMPS, a multi-purpose atmospheric plasma system designed for producing plasma-treated water and sterilizing medical devices. Additionally, Plasmapp has introduced STERPACK, a novel plasma sterilizer for medical tools, and PNCM, an in-situ NOx concentration monitoring system. The company leverages advanced plasma technologies, originally developed at KAIST, to provide state-of-the-art systems for various applications, including the unique plasma curing technology for processed meat. Plasmapp aims to be a key partner in delivering effective engineering solutions tailored to meet diverse industry needs.

Sky Labs

Series B in 2021
Sky Labs is a technology company focused on developing innovative wearable devices for health monitoring, particularly a cuffless ring-type blood pressure monitor and a device known as the Cardio Tracker (CART). The CART is designed for continuous monitoring of atrial fibrillation, a common and often undiagnosed heart condition affecting many individuals over 40. This device can be worn comfortably on any finger and is both waterproof and dustproof, allowing users to wear it throughout their daily activities without interruption. It operates without user intervention, automatically detecting and recording atrial fibrillation, which users can track via a smartphone application. The device aims not only to assist individuals in managing their heart health but also to provide valuable data to healthcare professionals for accurate diagnosis. Sky Labs is currently conducting clinical trials in collaboration with Seoul National University Hospital to validate the performance of its technology, with an initial focus on the atrial fibrillation patient market in Finland, and an extended target market of millions worldwide. The company is also partnering with Bayer to explore further healthcare innovations.

Barogo

Series C in 2021
Founded in Seoul, South Korea in 2014, Barogo operates a last-mile delivery platform that connects businesses and customers. It specializes in two-wheeled logistics, primarily focusing on food delivery services by partnering with various food outlets.

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.

Standigm

Series C in 2021
Standigm, Inc. is a South Korean company founded in 2015 that specializes in artificial intelligence technologies for the pharmaceutical industry, focusing specifically on drug discovery. The company has developed proprietary AI platforms that streamline the drug development process, encompassing target identification, lead generation, and drug repurposing. Standigm's innovative workflow integrates advanced data parsing and biological interpretation to analyze biomedical data, allowing for the identification of valuable drug pipelines while minimizing traditional guesswork. Their automation technologies, including DarkMolFactory™, Standigm ASK™ for target discovery, and Standigm BEST™ for lead design, enable the rapid generation of First-in-Class lead compounds within a seven-month timeframe. By industrializing and automating the drug discovery process, Standigm aims to reduce both the time and cost associated with bringing new pharmaceuticals to market.

Amazing Brewing Company

Series B in 2021
Amazing Brewing Company is a craft beer producer and operator of a brewery and taprooms based in Seoul, South Korea. Founded in 2016, the company focuses on fresh handmade beer produced in small batches, with about 200 liters per brewing, and offers a range of craft beers including oak barrel-aged styles, lagers, ales, and a hard seltzer lineup.

Trenbe

Series B in 2020
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.

bitsensing

Seed Round in 2020
bitsensing develops radar-based products and solutions for smart cities, automotive sensing, and autonomous driving, offering Traffic Radar to monitor real-time traffic metrics such as vehicle numbers and speed; Virtual Fence for real-time intrusion detection without a physical fence; and 4D Imaging Radar for autonomous driving. Founded in 2018 and based in Seoul, the company applies high-performance automotive-grade radar across applications including autonomous driving, connected living, smart cities, and health tech, enabling AI-powered radar sensing to create reliable, convenient environments and smart living.

Musicow

Series B in 2020
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.

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.

Standard Energy

Venture Round in 2019
Standard Energy is a South Korean tech startup developing vanadium ion batteries to potentially replace lithium-ion systems for energy storage.

D&D Pharmatech

Series B in 2019
D&D Pharmatech Co., Ltd., established in 2014 and headquartered in Seongnam, South Korea, is a clinical-stage global biotech company specializing in developing innovative medicines. It focuses on various therapeutic areas, including neurodegenerative diseases, molecular imaging and radiotherapy, fibrotic diseases, and metabolic diseases. The company operates through disease-specific subsidiary companies guided by top-tier medical research faculty, aiming to accelerate the translation of cutting-edge research into lifesaving therapeutic products for patients. D&D Pharmatech's product pipeline is supported by its team of experts in bio-new drug research and development, manufacturing quality control, clinical development, and technology transfer. Additionally, it develops positron emission tomography (PET) imaging biomarkers through Precision Molecular Inc., a wholly-owned subsidiary, and conducts single-cell sequencing related to degenerative brain diseases via Valted Seq, Inc. The company employs technologies such as PEGylation to extend drug administration periods.

Standigm

Series B in 2019
Standigm, Inc. is a South Korean company founded in 2015 that specializes in artificial intelligence technologies for the pharmaceutical industry, focusing specifically on drug discovery. The company has developed proprietary AI platforms that streamline the drug development process, encompassing target identification, lead generation, and drug repurposing. Standigm's innovative workflow integrates advanced data parsing and biological interpretation to analyze biomedical data, allowing for the identification of valuable drug pipelines while minimizing traditional guesswork. Their automation technologies, including DarkMolFactory™, Standigm ASK™ for target discovery, and Standigm BEST™ for lead design, enable the rapid generation of First-in-Class lead compounds within a seven-month timeframe. By industrializing and automating the drug discovery process, Standigm aims to reduce both the time and cost associated with bringing new pharmaceuticals to market.

DAILYHOTEL

Series C in 2018
DAILYHOTEL is a lifestyle technology enabler that provides affordable access to quality experiences in accommodation, dining and travel offerings through its mobile platform. They focus on transaction through mobile app only, selling more than 100,000 room every month on average in just South Korea alone. In 2017 March, they have reached over 7million downloads for their app.

EOFlow

Series C in 2018
EOFlow Co., Ltd. is a South Korean company specializing in drug delivery solutions, particularly in the development of wearable insulin pumps. Its flagship product, EOPatch, is recognized as the world's smallest full-featured disposable insulin pump, designed to be smarter, better-connected, and longer-lasting than competing devices, all while being more cost-effective. The company plans to enhance EOPatch with a software upgrade that will enable closed-loop insulin control, effectively functioning as an automated insulin delivery system or "artificial pancreas." Additionally, EOFlow is working on an all-in-one wearable disposable artificial pancreas solution, which has received Breakthrough Device designation from the FDA, highlighting its potential impact on diabetes management.

Awair

Venture Round in 2018
Awair is a technology company that develops indoor air quality monitoring devices and a software platform that provides actionable insights to improve indoor environments. Its sensors measure temperature, humidity, CO2, volatile organic compounds, and particulate matter, delivering real‑time data to homeowners, schools, and workplaces. The platform aggregates the data, offers recommendations, and helps users reduce exposure to pollutants, thereby supporting health and cognitive performance. Awair is headquartered in San Francisco and has an additional office in Seoul.

D&D Pharmatech

Series A in 2018
D&D Pharmatech Co., Ltd., established in 2014 and headquartered in Seongnam, South Korea, is a clinical-stage global biotech company specializing in developing innovative medicines. It focuses on various therapeutic areas, including neurodegenerative diseases, molecular imaging and radiotherapy, fibrotic diseases, and metabolic diseases. The company operates through disease-specific subsidiary companies guided by top-tier medical research faculty, aiming to accelerate the translation of cutting-edge research into lifesaving therapeutic products for patients. D&D Pharmatech's product pipeline is supported by its team of experts in bio-new drug research and development, manufacturing quality control, clinical development, and technology transfer. Additionally, it develops positron emission tomography (PET) imaging biomarkers through Precision Molecular Inc., a wholly-owned subsidiary, and conducts single-cell sequencing related to degenerative brain diseases via Valted Seq, Inc. The company employs technologies such as PEGylation to extend drug administration periods.

Orum Therapeutics

Series A in 2017
Orum Therapeutics is a biotechnology company developing therapeutic antibodies using its proprietary cell-penetrating antibody platform. This platform targets specific intracellular proteins for treating genetic diseases and cancer, adapting to different cell types without chemical modifications.

Bagelcode

Series B in 2017
Bagelcode, Inc. is a mobile gaming company based in Seoul, South Korea, founded in 2012. It specializes in developing mobile social casino games, allowing users to engage in popular casino experiences such as slots and poker on web and mobile platforms. The company has a diverse workforce of over 170 members from various countries, including the United States, Canada, and Israel, fostering a global talent pool to enhance its gaming offerings. With a user base exceeding 45 million worldwide, Bagelcode has experienced significant growth, reportedly expanding at an average rate of over 250% in recent years. The company is committed to continuous innovation and seeks to position itself as a leader in the global gaming industry by attracting top talent and enhancing user experiences.

Market Kurly

Series A in 2016
Market Kurly is an online grocery service based in Seoul, South Korea, that specializes in the delivery of fresh and premium food products. Founded in 2014, the platform allows users to order a wide range of items, including vegetables, fruits, meats, dairy, baked goods, and processed foods, all sourced directly from producers. Market Kurly focuses on providing high-quality ingredients and offers next-day delivery, ensuring that customers receive their orders promptly. The service also includes non-perishable items, enabling shoppers to conveniently access a variety of groceries. Through its innovative logistics and delivery system, Market Kurly aims to enhance the grocery shopping experience by transforming the way food is produced and distributed.

Awair

Series A in 2016
Awair is a technology company that develops indoor air quality monitoring devices and a software platform that provides actionable insights to improve indoor environments. Its sensors measure temperature, humidity, CO2, volatile organic compounds, and particulate matter, delivering real‑time data to homeowners, schools, and workplaces. The platform aggregates the data, offers recommendations, and helps users reduce exposure to pollutants, thereby supporting health and cognitive performance. Awair is headquartered in San Francisco and has an additional office in Seoul.

EOFlow

Series B in 2016
EOFlow Co., Ltd. is a South Korean company specializing in drug delivery solutions, particularly in the development of wearable insulin pumps. Its flagship product, EOPatch, is recognized as the world's smallest full-featured disposable insulin pump, designed to be smarter, better-connected, and longer-lasting than competing devices, all while being more cost-effective. The company plans to enhance EOPatch with a software upgrade that will enable closed-loop insulin control, effectively functioning as an automated insulin delivery system or "artificial pancreas." Additionally, EOFlow is working on an all-in-one wearable disposable artificial pancreas solution, which has received Breakthrough Device designation from the FDA, highlighting its potential impact on diabetes management.

Standigm

Series A in 2016
Standigm, Inc. is a South Korean company founded in 2015 that specializes in artificial intelligence technologies for the pharmaceutical industry, focusing specifically on drug discovery. The company has developed proprietary AI platforms that streamline the drug development process, encompassing target identification, lead generation, and drug repurposing. Standigm's innovative workflow integrates advanced data parsing and biological interpretation to analyze biomedical data, allowing for the identification of valuable drug pipelines while minimizing traditional guesswork. Their automation technologies, including DarkMolFactory™, Standigm ASK™ for target discovery, and Standigm BEST™ for lead design, enable the rapid generation of First-in-Class lead compounds within a seven-month timeframe. By industrializing and automating the drug discovery process, Standigm aims to reduce both the time and cost associated with bringing new pharmaceuticals to market.

AptaBio Therapeutics

Series B in 2016
AptaBio Therapeutics Inc. is a pharmaceutical biotechnology company based in Yongin-Si, South Korea, focused on discovering and developing innovative treatments, particularly selective inhibitors of the NOX family of enzymes and aptamer-based anti-cancer drugs. The company offers a range of transfection reagents, including Lipofector-Q, Lipofector-EXT, Lipofector-2000, Lipofector-EZ, and Lipofector-pMAX, designed to facilitate the introduction of DNA or RNA into eukaryotic cells. AptaBio's product pipeline includes several candidates, such as PX-115 for diabetic nephropathy, APX-1004 for diabetic retinopathy, and APX-311 intended for the treatment of non-alcoholic steatohepatitis (NASH). Founded in 2009, AptaBio Therapeutics aims to address significant medical needs through its innovative drug development efforts.

Iamcompany

Series B in 2015
Iamcompany is a South Korea-based student startup affiliated with the KAIST Midam committee, focusing on enhancing educational engagement through internet-based technologies. The company's primary objective is to unlock students' potential by bridging communication between educational institutions and caregivers. It has developed a mobile application, 'iamschool', which delivers news and updates from various educational institutions directly to students' caregivers, allowing them to follow and stay informed about their chosen institutions. Additionally, Iamcompany offers 'iamclass', a web service that directly communicates institutional information to caregivers while also advertising educational services to their target audience. By facilitating better information flow, Iamcompany aims to create a more supportive learning environment for students in South Korea.

StudyMax

Venture Round in 2015
StudyMax is a South Korean company specializing in online English learning for native students. It offers interactive tutorials, tools, and study programs tailored to non-English speakers, with features like badges and gamification. The platform is accessible on PCs and mobile devices.

Zigbang

Venture Round in 2015
Founded in Seoul, South Korea in 2010, Zigbang operates a property listing platform and application that connects real estate agents with renters. It offers an apartment hunting service, enabling users to search for rental properties based on criteria such as number of rooms, occupants, and price.

The Beatpacking Company

Series B in 2015
The Beatpacking Company is a prominent provider of ad-supported music streaming services in South Korea, operating a mobile application known as BEAT. The company specializes in developing a social mobile music streaming platform that allows users to access a diverse range of music tailored to their genre preferences. By focusing on mobile devices and smartphones, The Beatpacking Company offers a user-friendly experience that caters to the evolving needs of music listeners in the region.

Noom

Series B in 2014
Noom, Inc. is a New York-based company that specializes in mobile health coaching through a psychology-based digital health platform. Founded in 2008, Noom develops a mobile application that combines evidence-based curricula, personalized coaching, and data-driven insights to help users achieve their health and wellness goals, including weight management and chronic disease prevention. The platform offers scalable tools for exercise and nutrition coaching, utilizing artificial intelligence to facilitate behavioral change. Recognized for its innovative approach, Noom has received multiple grants from the National Institutes of Health and was the first mobile application certified by the Centers for Disease Control as a diabetes prevention program. The company also caters to business enterprises, supporting organizations in promoting employee health. With additional offices in Seoul and Tokyo, Noom continues to expand its global reach and impact on personal health management.

Wider Planet

Series C in 2014
Founded in Seoul, South Korea in 2010, Wider Planet operates advertising platforms globally. It analyzes digital users' preferences and interests using big data to deliver targeted marketing and advertisement contents. The company offers a demand-side platform for categorized user information, a data management platform for holistic behavioral data analysis, real-time bidding platform, and an SSP advertising tool. Additionally, it provides display and mobile advertising services.

StyleShare

Series B in 2014
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.
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