Megastudy, Megainve, and Thanks... VC Serial Entrepreneurship

Following MegaInvest Sale, New Investment Firm Established
Led by Chairwoman Son Joo-eun's Younger Sister, CEO Son Eun-jin

[Asia Economy Reporter Kwangho Lee] Megastudy has established a venture capital (VC) firm called Thanks Ventures. Following Mega Investment, Thanks Ventures marks a consecutive venture capital startup, demonstrating a strong commitment to venture investment.

Megastudy went through board approval on the 30th of last month and applied for the corporate registration of Thanks Ventures on the 1st. As a result, Megastudy now owns a new investment-specialized subsidiary about six months after selling the new technology finance investment company Mega Investment to JB Financial Group in June.

The largest shareholder of Thanks Ventures is Megastudy, holding a 70% stake. Son Eun-jin, CEO of Megastudy, Kim Jung-min, CEO of Thanks Ventures, and partner Yoon Ye-seop are also shareholders. CEO Son Eun-jin is the younger sister of Son Joo-eun, chairman of the Megastudy Group. CEO Kim Jung-min, who led Mega Investment, will oversee the entire investment business including Thanks Ventures.

Kim, who joined as CEO of Mega Investment in 2012, led the company until this year. Notably, aside from the established capital of 20 billion KRW, Kim personally invested shares and took the lead from the founding stage.

Since starting venture investments in 2012 through its existing subsidiary Mega Investment, Megastudy has continuously shown interest in early-stage startup investments. The establishment of Thanks Ventures reflects CEO Son’s strong intention to focus on discovering and investing in early-stage startups.

Going forward, Megastudy plans to support junior startups not only through financial investment but also by transferring experience and resources via Thanks Ventures.

The largest shareholder of Thanks Ventures is Megastudy, holding a 70% stake. After acquiring a startup investment company license within this year, they plan to launch their first blind fund early next year.

CEO Son stated, “As Megastudy’s investment-specialized subsidiary, we will focus on discovering promising early-stage startups.”