Logistics Company NBV Networks Establishes VC Neo Insight Ventures

Meeting Requirements for Startup Investment Company Registration, Joining VC Association
Focus on Investment in Innovative Startups Related to Logistics Industry

[Asia Economy Reporter Kwangho Lee] Logistics company NBV Networks has established a venture capital (VC) firm and is seeking new growth engines. It is expected to focus on creating synergy effects related to the businesses NBV Networks operates through its affiliated venture capital.

According to the investment banking (IB) industry on the 6th, NBV Networks established the VC Neo Insight Ventures. The established capital is 2 billion KRW, meeting the registration requirements for a startup investment company. Currently, it has applied for approval as a startup investment company (venture capital firm) with the Ministry of SMEs and Startups. At the same time as the company’s establishment, it joined as a full member of the Korea Venture Capital Association.

The largest shareholder is NBV Networks, holding 50% of the shares. Next, NBV holds 10%. Additionally, three individuals share the remaining shares with 15%, 15%, and 10% respectively. The total number of issued shares is 400,000, with a par value of 5,000 KRW.

Neo Insight Ventures is headquartered in Samseong-dong, Gangnam-gu. Currently, CEO Seungkyu Shim leads the company. Alongside CEO Shim, executives Sungmin Noh and Jeongjin Lee are listed as officers. Launched with three investment personnel, the company is recruiting management officers to set up a management division to oversee venture funds and other related activities.

NBV Networks appears to be seeking a breakthrough by venturing into startup investment through the newly established venture capital firm Neo Insight Ventures. Amid a cooling investment market, attention is drawn to this challenge by a new VC. It is also notable that the company established a new corporation instead of acquiring an existing VC.

NBV Networks is a maritime transportation company. It operates businesses including maritime transport, shipping brokerage, chartering, air transport, steel materials, coal materials, raw materials, wholesale and retail trade, e-commerce, real estate development, and consulting. Its parent company is NBV Logistics, established in 2017. After merging with NBV International, it was reborn under the name NBV Networks.

Given its core business is closely related to logistics, attention is focused on whether it will engage in investment activities related to the logistics industry. There is also interest in how it will secure investment funds. As a new company, it is expected that the first fund will be supported by the parent company NBV Networks. In the future, it is anticipated to participate in investment projects to secure policy funds.