STIC Investments

STIC Investments, founded in 1999 and based in Seoul, South Korea, is a private equity and venture capital firm that primarily focuses on mid-market companies in technology-based manufacturing industries, including automotive, shipbuilding, healthcare, and telecommunications. The firm targets various investment strategies, including series A and B funding, buyouts, secondary investments, and growth capital, typically ranging from $20 million to $200 million per investment. STIC emphasizes non-leveraged management buyouts in sectors aligned with Korean government policy and seeks to acquire entire portfolios during partnership dissolutions or specific shares from major shareholders for secondary investments. In addition to South Korea, STIC selectively invests in the Greater China region and the broader Asia Pacific area. The firm aims to exit its investments through initial public offerings or trade sales, making it a key player in the regional investment landscape.

Sangmin Ahn

Principal, Credit

Joon Ha An

Managing Director, Private Equity

Jinsoo Bae

Principal, Private Equity

Jong Ha Bae

Operating Partner

Jin Ho Chai

Executive Managing Partner, Head of Private Equity and Private Equity / Partners Committee Member

Andy Chang

Managing Partner, Head of Greater China Team and Greater China / Partners Committee Member

Se-Ho Chang

Managing Director, Private Equity

Jason Cho

Managing Partner, Head of Singapore and Private Equity / Partners Committee Member

Ansung Choi

Managing Director, Growth Capital

Byung Won Choi

Founding Member, Partner and Vice Chairman

Chau Minh Dang

Principal

Yong Hwan Do

Chairman

Tim Ghim

Senior Associate, Private Equity

Jeff Hsu

Managing Director

In Kyu Hwang

Managing Director

Sang Yeob Jeon

Managing Director, Investment Division III

Il Sung Kang

Managing Partner, Head of Credit and Member of the Credit / Partners Committee

Shin Woo Kang

Operating Partner

Chang Suk Kim

Managing Director and Head of Due Diligence

Susie Kim

Principal, Private Equity

Hong Jin Kim

Managing Director and Head of Vietnam

Jae Bum Kim

Executive Managing Partner, Head of Investment Strategy and Member of the Investment Strategy / Partners Committee

Soo Eun Kim

Principal, Private Equity

Jason Kim

Managing Director, Private Equity

Hun Pyo Kim

Operating Partner and Head of Operating Partners Group

Sun Kim

Managing Director

Chang-jin Kim

Managing Director

Hyun Jin Ko

Operating Partner

Sung-Q Koh

Managing Director

Dillion Kwag

Executive Managing Partner, COO and Member of Operations / Partners Committee

Dae Hwan Kwag

Managing Partner and Head of Management Support Division

Jongik Kwon

Managing Director, Growth Capital

Hanju Lee

Managing Director, Growth Capital

Daniel Lee

Managing Partner, Head of Growth Capital and Member of the Growth Capital / Partners Committee

Sang Bok, Sam Lee

Senior Managing Director

Sang Hyun Lee

Managing Partner and Member of Private Equity / Partners Committee

Byung Do Lee

Principal, Private Equity

Jinhyung Lee

Principal, Growth Capital

Hyukjin Lee

Managing Director and Private Equity / Partners Committee Member

Junsang Lee

Principal

Won Jin Lee

Principal, Private Equity

Won Lim

Operating Partner

Ngoc Bao Luu

Principal

Hyunjy Na

Managing Director

Tran Huu Nam

Managing Director

Bong Joo Paek

Partner

Sanghyun Park

Managing Director, Credit Team

Minsik Park

Managing Partner

Gye Hyun Park

Operating Partner

Jong Hong Park

Senior Associate, Growth Capital

Marvin Reinhart

Principal

Tanay Saigal

Principal, Private Equity

Tong Kyu Seo

Executive Managing Partner and Member of the Partners Committee

Hyunjung Seo

Senior Principal

Seungsu Shin

Managing Director

Sanggun Yu

Managing Director, Risk Management

Derrick Yun MD

Managing Director, Growth Capital

Mabel Zhu

Principal

30 past transactions

Carrot General Insurance

Private Equity Round in 2022
Provider of general insurance services intended to sell customizable non-life insurance online. The company offers a wide range of products including general, auto, travel, family insurance and liability insurance cover, enabling its consumers to fulfill their needs while driving down costs effectively.

Ninjacart

Series D in 2022
Ninjacart operates an online business-to-business platform that connects farmers, manufactures, and brands to retailers directly through the lean and connected supply chain. Its platform enables the distribution of vegetables and fruits to retailers and restaurants across India. Ashutosh Vikram, Kartheeswaran K K, Sharath Loganathan, Thirukumaran Nagarajan, and Vasu Devan founded Ninjacart in July 2015. It has its headquarters in Bengaluru in India.

Musicow

Private Equity Round in 2022
Musicow, Inc. owns and operates an online platform that allows musical artists to share their copyright with fans, allowing the fans to invest in their music and receive royalties. The company through its platform enable users to bid on the creations of music available on the platform and earn royalties on the basis of times the song is streamed and used. Musicow, Inc. was founded in 2017 and is based in Seoul, South Korea.

CoolMate

Seed Round in 2022
Coolmate is an online shopping platform based in Hanoi, Vietnam, that focuses on providing a comprehensive shopping experience for male customers. The platform allows users to order up to ten items, including t-shirts, underwear, shorts, socks, and various accessories, all for under $20. Coolmate specializes in the design and production processes, encompassing weaving, dyeing, cutting, and finishing, to deliver fashionable and trendy clothing options at affordable prices. By catering specifically to the needs of men, Coolmate aims to enhance their style while maintaining cost-effectiveness.

Biorchestra

Series C in 2022
Developer of ribonucleic acid-based therapeutics intended to treat neurodegenerative diseases. The company's therapeutics include candidates for Alzheimer's disease, m-ribonucleic acid vaccine and drug delivery systems for ribonucleic acid candidates, enabling doctors to improve the health of humankind.

RSQUARE

Series C in 2021
Rsquare is a real estate startup founded by a group of Harvard graduates, specializing in providing brokerage services in South Korea. The company offers a comprehensive directory listing platform that enables users to search for vacant office spaces across various localities. In addition to helping clients locate commercial properties, Rsquare also provides support with interior design and office furniture, ensuring a seamless transition for businesses seeking new office environments. Through its services, Rsquare aims to make the process of finding and setting up office spaces more efficient and cost-effective for its users.

Carousell

Private Equity Round in 2021
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.

HappyFresh

Series D in 2021
HappyFresh is an online grocery platform operating in Southeast Asia, specifically in Indonesia, Malaysia, and Thailand. Founded in 2014, it enables customers to shop for a variety of grocery products from local supermarkets with ease. The company employs its own delivery fleet and staff, who are responsible for selecting and delivering fresh groceries directly to consumers' doorsteps. By partnering with established grocery stores, HappyFresh provides a convenient service that allows users to order their essential items efficiently.

Carrot General Insurance

Venture Round in 2021
Provider of general insurance services intended to sell customizable non-life insurance online. The company offers a wide range of products including general, auto, travel, family insurance and liability insurance cover, enabling its consumers to fulfill their needs while driving down costs effectively.

CoolMate

Series A in 2021
Coolmate is an online shopping platform based in Hanoi, Vietnam, that focuses on providing a comprehensive shopping experience for male customers. The platform allows users to order up to ten items, including t-shirts, underwear, shorts, socks, and various accessories, all for under $20. Coolmate specializes in the design and production processes, encompassing weaving, dyeing, cutting, and finishing, to deliver fashionable and trendy clothing options at affordable prices. By catering specifically to the needs of men, Coolmate aims to enhance their style while maintaining cost-effectiveness.

Vpon

Series C in 2020
Vpon Inc. is a leading big data company based in Taipei, Taiwan, specializing in mobile advertising and user behavior forecasting since its founding in 2008. The company provides a range of solutions, including performance optimization, branding, cross-border marketing, and traffic monetization. It supports both online and offline marketing efforts and operates a data management and demand-side platform that facilitates in-app and mobile advertising. With a significant media reach across the Asia-Pacific region, Vpon offers its services to businesses in 12 countries, helping them to enhance brand awareness and drive profitable transactions. The company has built a vast network of resources, including access to over 21 billion biddable inventories and a user base of millions. Vpon has been recognized in the industry for its achievements, including awards for its excellence in service, and has raised substantial funding to support its growth and technology advancements.

SYSTRAN

Acquisition in 2020
SYSTRAN S.A., founded in 1968 and headquartered in Paris, France, specializes in language translation software solutions, primarily serving clients in Europe and North America. The company offers a range of desktop translation products, including the SYSTRAN 7 series, which caters to various user needs by supporting multiple file formats such as plain text, PDFs, and professional documents. Additionally, SYSTRAN provides an enterprise server solution that integrates with business applications, facilitating efficient communication across diverse platforms. Its online services, accessible through SYSTRANet and other tools, enable the translation of web pages and documents. SYSTRAN has also adapted its technology for mobile use with its Mobile Translator for Apple devices. With a commitment to research and development, SYSTRAN has introduced advanced solutions like Neural Machine Translation, enhancing the capabilities of machine translation for corporate users. The company serves a diverse clientele, including individuals, enterprises, and governmental bodies, by offering both products and professional services to manage large volumes of multilingual data effectively.

Grab

Venture Round in 2020
Grab Holdings Inc., based in Singapore, is a prominent mobile technology platform operating in Southeast Asia. Founded in 2012, the company offers a wide range of services, including ride-sharing through GrabTaxi and GrabCar, and food and grocery delivery. Grab also provides financial services, such as payments, consumer loans, and insurance, catering to both merchants and consumers. Its platform connects drivers and customers, generating revenue primarily through commissions from ride-sharing and food delivery services. Grab operates in eight countries, including Singapore, Indonesia, and Malaysia, where it holds a significant market share. The company has expanded its offerings to include various options for transportation and delivery, as well as a mobile wallet for seamless transactions. Grab continues to face competition from other regional players, such as Foodpanda and Gojek.

Dunzo

Series D in 2019
Dunzo Digital Private Limited is a hyper-local delivery and task management app based in Bengaluru, India. Founded in 2015, it offers a wide range of services, including grocery and essential deliveries, food and medicine delivery, and sending packages. The platform connects users with the nearest delivery partners, facilitating efficient and quick service. Dunzo also supports micro, small, and medium-sized enterprises (MSMEs) by providing digital tools to enhance their eCommerce capabilities. The company operates in several major Indian cities, including Bangalore, Pune, Gurgaon, Hyderabad, New Delhi, Chennai, Jaipur, and Mumbai. Dunzo has attracted investment from notable firms, including Google and Alteria Capital, enabling its growth in the competitive delivery market.

M.Monstar

Series C in 2019
Developer of a corporate SI platform designed to offer a modular tool. The company offers omnichannel and mobile SCM to build SI large shopping malls in a short period, enabling clients to integrate shopping mall management.

swIDch

Series A in 2018
swIDch is an information technology company based in London, established in 2015, that specializes in secure authentication solutions for digital identities. The company has developed a patented algorithm that allows clients to generate dynamic authentication codes, enabling secure access even in network-less environments. Their technology includes the generation of dynamic primary account numbers, facilitating secure offline transactions without displaying card numbers. This system supports standard EMV, contactless, and magnetic stripe payments, giving customers greater control over their transactions by allowing them to specify valid dates and create both dynamic and static virtual primary account numbers.

Sparkplus

Series A in 2018
Sparkplus is a coworking space operator based in Seoul, South Korea, founded in 2016. The company specializes in designing and managing real estate contracts, as well as overseeing interior design, construction, and furniture arrangements for office environments. By providing flexible workspace solutions, Sparkplus caters to the needs of modern businesses seeking adaptable office settings.

Inventage Lab

Seed Round in 2018
Inventage Lab Inc. focuses on the advancement of medical technology, particularly through the development of an innovative Drug Delivery System (DDS). The company has created Laminar FluiDigm, a microfluidics-based platform technology that underpins its specific technologies, IVL-DrugFluidic and IVL-GeneFluidic, which are designed for the development and manufacture of long-acting injectables and gene-delivery therapeutics. In addition to its medical initiatives, Inventage Lab is committed to creating consumer-oriented pipelines aimed at enhancing human well-being and fostering technological innovation. Through these efforts, the company seeks to improve treatment options for refractory and chronic diseases while contributing to advancements in healthcare.

UlalaLAB

Series A in 2018
UlalaLAB, based in Anyang-si, South Korea, specializes in developing and operating a software-as-a-service (SaaS) platform tailored for small and medium-sized enterprise (SME) manufacturers. Founded in 2011, the company offers an Internet of Things (IoT) Smart Factory platform that incorporates machine learning technologies to enhance industrial operations. UlalaLAB's solutions enable the seamless integration of IoT devices, allowing manufacturers to capture and analyze data from various sensors, including those from older equipment. The company's flagship product, WimFactory, facilitates the transformation of SME factories into Industry 4.0 standards quickly and cost-effectively, requiring minimal installation efforts. By leveraging advanced algorithms and long short-term memory (LSTM) neural networks, UlalaLAB's platform provides real-time monitoring and operational insights, helping manufacturers improve quality control and make informed decisions without needing extensive retraining or changes to existing processes.

Tiki

Series C in 2018
Tiki Corporation retails books, electronics, home appliances, gifts, fashion, beauty, and health products. The company also offers phone, digital equipment and accessories, electrical appliances, life house products, beauty and health products, stationery, vehicles, toys and souvenirs, mother and baby sports products, air ticket booking, and international goods. It sells its products through online store. The company was founded in 2010 and is based in Ho Chi Minh City, Vietnam.

Wadiz

Venture Round in 2017
Wadiz Corp. is a leading crowdfunding platform based in Seongnam, South Korea, and was founded in 2012. It serves as Asia's largest crowdfunding platform, facilitating both product and equity-based crowdfunding for startups and entrepreneurs. The platform enables creative projects to secure funding while allowing investors to access innovative companies at their early stages. By connecting businesses in need of financial support with potential investors, Wadiz plays a significant role in fostering entrepreneurship and innovation in the region.

Still8

Series B in 2016
In the early days of E-Sports, unrivaled skills and overflowing enthusiasm towards games were the only two requisites to become a professional gamer. Nowadays with the rise of global E-Sports fandoms, performance became only one of many requisites of a pro-gamer. Fans are connected to pro-gamers everywhere through various channels such as SNS and live & video platforms. In order to satisfy their needs and be loved by them, a professional gamer needs more than just playing games. E-Sportainment is the compound word of E-Sports and Entertainment. It’s the most explicit and mission-oriented word to describe what STILL8 does. Combining entertainment factors with E-Sports, we help current pro-gamers to boost their talents and retired pro-gamers to sustain their career. Playing games is one part, amusing fans with various entertainments is another. As so, STILL8 ultimately pursues the E-Sports of the gamer, by the gamer, and for the gamer.

SYSTRAN

Private Equity Round in 2014
SYSTRAN S.A., founded in 1968 and headquartered in Paris, France, specializes in language translation software solutions, primarily serving clients in Europe and North America. The company offers a range of desktop translation products, including the SYSTRAN 7 series, which caters to various user needs by supporting multiple file formats such as plain text, PDFs, and professional documents. Additionally, SYSTRAN provides an enterprise server solution that integrates with business applications, facilitating efficient communication across diverse platforms. Its online services, accessible through SYSTRANet and other tools, enable the translation of web pages and documents. SYSTRAN has also adapted its technology for mobile use with its Mobile Translator for Apple devices. With a commitment to research and development, SYSTRAN has introduced advanced solutions like Neural Machine Translation, enhancing the capabilities of machine translation for corporate users. The company serves a diverse clientele, including individuals, enterprises, and governmental bodies, by offering both products and professional services to manage large volumes of multilingual data effectively.

Bermai

Series B in 2003
Bermai is pioneering high performance, ultra-integrated chipsets for wireless applications and delivering innovative systems for single and multi-band connectivity that support the IEEE 802.11 family of standards. Bermai's designs with unmatched integration are optimized to deliver extended range and performance, power efficiency and flexibility at a significant cost advantage. These ultra-integrated solutions greatly simplify product development and enable wireless equipment manufacturers to design high performance products faster and with dramatic cost efficiencies. With a "done it before" management team, over 50 decades of combined engineering experience, and core competencies in RF analog, digital signal processing, OFDM and CMOS disciplines, Bermai is strongly positioned to play a key role in advancing wireless communications technologies. Founded in March 2001, Bermai's renowned co-founders are Dr. Ramesh Harjani, a recognized authority in the fields of CMOS radio frequency circuits, low-power analog design and mixed-signal testing, and Dr. Jaekyun Moon, a recognized authority in the fields of channel characterization and signal processing for digital communications. Bruce Sanguinetti, wireless industry veteran and former president and co-founder of BreezeCOM (now known as Alvarion), leads Bermai as president and chief executive officer. Headquartered in Palo Alto, California, Bermai has received a total of $34 million in financing from key venture capitalists and strategic investors including Advanced Technology Ventures, Blueprint Ventures, Brightstone Capital, Mobius Venture Capital (formerly Softbank), the STIC Ventures fund backed by LG Electronics, and Walden International Investment Group.

SoftonNet

Series B in 2001
Softonnet Inc. in virtualization and cloud computing market of East Asia. Softonnet’s patented on-demand-based streaming technology, along with software and disk virtualization technology, has been providing “the complete cloud computing” environment to various types of organizations.
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