POSCO Capital

POSCO Capital, founded in 1997 and based in Seoul, South Korea, serves as the corporate venture capital arm of POSCO. The firm focuses on investing in companies within the deep technology sector, aiming to foster innovation across various industries. Through its POSCO Advanced Technical Staff Fund, the company specifically targets opportunities in technology sectors, leveraging its expertise to support the growth of emerging businesses.

Joo-Young Park

Partner

Past deals in South Korea

TestWorks

Series B in 2023
TestWorks is a social enterprise based in Seoul, Korea, dedicated to creating innovative solutions in AI data processing and software testing. The company specializes in technical excellence, ranging from automating AI data processing to manual software testing and review. TestWorks is renowned for building high-quality datasets used for AI training and verification. Additionally, the company provides an inclusive employment model for socially disadvantaged individuals, combining social impact with technological advancement.

H2

Series C in 2023
H2, Inc. is a South Korea-based company specializing in advanced energy storage solutions, particularly through the manufacture of vanadium redox flow batteries (VRFB). The company produces a range of products, including the EnerFLOW 410, a modular storage system, and the EnerFLOW 420, an integrated container-type system. H2's innovative design and manufacturing capabilities in VRFB technology position it as a key player in the growing market for large-scale and long-duration energy storage. The company's offerings also include microgrid power supply systems and renewable energy integration, aimed at enhancing energy flexibility and efficiency while reducing CO2 emissions. Through these solutions, H2 addresses various energy sector challenges and supports the transition to sustainable energy systems.

Perseus

Venture Round in 2021
Perseus Inc. is a technology company that specializes in developing security software specifically for the automotive industry. Founded in 2016 and headquartered in Seoul, South Korea, with additional offices in San Jose, California, and Munich, Germany, Perseus focuses on enhancing automobile infrastructure security through its innovative hypervisor technology. This solution allows multiple applications and operating systems to operate on a single system-on-chip (SoC), significantly reducing the number of SoCs required in connected vehicles from an average of 120 to just 30, which can lead to cost savings of up to 75%. The company also provides a secure container that emulates the functionality of ARM TrustZone, ensuring dynamic protection for applications. Additionally, its Linux fast boot technology accelerates the startup time for embedded devices. Perseus's security solutions are designed to maintain high performance even under potential operating system attacks, offering fine-grained control over security parameters for enhanced protection.

Lillycover Co.

Series A in 2021
Lillycover Co., Ltd., founded in 2016 and headquartered in Daegu, South Korea, specializes in personalized beauty solutions for skincare. The company has developed a skin diagnosis and treatment device that helps users understand their unique skin types through actual skin data collected from various countries. Its portable skin diagnosis and management device enables users to assess key skin attributes, including pores, wrinkles, sensitivity, and oil-water balance, allowing for effective management of their skincare results.

Petnow

Seed Round in 2021
Petnow Inc. is a pet technology startup based in Seoul, South Korea, founded in 2018. The company specializes in AI-driven biometric identification for pets, offering unique features such as nose prints for dogs and facial recognition for cats. Petnow's platform enables pet owners to verify their pets' identities through biometric scans, which are securely stored alongside owner information. With a commitment to reducing the number of missing pets, Petnow has filed nine patents for its proprietary technology, which has demonstrated an accuracy rate of 98.97%. In late 2022, the company introduced innovative features, including cat identification and a selfie mode. Recognized for its contributions to the industry, Petnow has received awards such as Best of Innovation at CES 2022 and has been accelerated by notable organizations like Samsung and POSCO. The company is expanding its operations into the U.S. pet ID market and is actively seeking partnerships with various pet service providers, local government agencies, and insurance companies.

Shaperon

Series C in 2020
Shaperon Inc. is a South Korean biotechnology company established in 2008, specializing in the research and development of immunological cells and innovative therapeutics. The company focuses on creating inflammasome inhibitors and nanobody therapeutics designed to address various chronic inflammatory diseases, such as atopic dermatitis, systemic inflammatory response syndrome, and neuroinflammatory disorders. Shaperon offers a range of drug candidates, including a gel-type formulation for treating atopic dermatitis and other inflammatory conditions. By developing immunotherapeutic products and single-domain neutralizing antibodies, Shaperon aims to enhance patient quality of life through effective treatment options for chronic inflammation and related health issues.

Hodoo Labs

Series A in 2020
Hodoo Labs Co., Ltd., based in Seoul, South Korea, specializes in the development of educational games aimed at enhancing English language skills for elementary school students. The company's flagship product, Hodoo English, is a quest-based MMORPG designed to combat the issue of "mute English," where learners can read and write but struggle with spoken communication. The game immerses players in a vibrant 3D environment where they engage with over 300 non-player characters through meaningful conversations in English. By incorporating speech recognition and machine learning, Hodoo English allows children to practice their growing vocabulary in various contexts, fostering an interactive and engaging learning experience that encourages them to become lifelong learners.

Neofect

Venture Round in 2012
Neofect Co. Ltd, founded in 2010 by Hoyoung Ban, Scott Kim, and Young Choi, is a South Korean company focused on developing innovative rehabilitation training products and services for patients with neurological and musculoskeletal injuries. Its flagship product, the RAPAEL Smart Glove, was introduced in 2014 and has received FDA clearance, gaining traction among home patients and hospitals worldwide, including prominent institutions like NewYork-Presbyterian and the Department of Veterans Affairs. In addition to the Smart Glove, Neofect offers a range of products such as the RAPAEL Smart Pegboard, RAPAEL Smart Board, and RAPAEL Smart Kids. The company has also engaged in research, including a study with the National Rehabilitation Center in Korea that demonstrated the effectiveness of virtual reality-based rehabilitation combined with traditional therapy for stroke patients. Neofect operates offices in South Korea, the U.S., and Germany, with its products available in those regions and across Europe.
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