IBK Venture Investment

Venture Capital Seoul, South Korea ·Founded 2023

Overview

IBK Venture Investment is a venture capital firm based in Seoul, South Korea, established in December 2023 as a subsidiary of the Industrial Bank of Korea (IBK). The firm was created to support early-stage startups, particularly those in high-growth sectors, by providing financial investment and strategic guidance. This initiative marks the first time a government-run bank in South Korea has launched a venture capital subsidiary. The firm's investment strategy focuses on sectors such as technology, biotechnology, healthcare, consumer goods, energy, environmental services, media, entertainment, education, financial services, retail, manufacturing, transportation, logistics, and agriculture. IBK Venture Investment aims to fill the financial support void in the new technology sector and ensure comprehensive support for the development of domestic technology enterprises. In its inaugural year, IBK Venture Investment established a venture fund worth 100 billion KRW (approximately $77 million) and executed investments totaling 6 billion KRW in four companies. The firm plans to acquire a financial license for new technology business finance and to create additional venture funds to support the growth of domestic technology companies.

Investment Focus

  • Early-stage startups with high growth potential in South Korea

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Frequently asked questions about IBK Venture Investment

What sectors does IBK Venture Investment invest in?

IBK Venture Investment invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Media, and is based in Seoul, South Korea. IBK Venture Investment is listed as a venture capital in the ConnectSafely investor database.

What stage does IBK Venture Investment invest at?

IBK Venture Investment backs companies at Seed, Early Stage and Growth, writing cheques of 10M - 50M.

Which regions does IBK Venture Investment invest in?

IBK Venture Investment invests across South Korea.

Last updated · Source: ConnectSafely investor database