FuturePlay, 42 Billion KRW 'Innovation Growth Fund No.1' First Closing

AUM Surpasses 200 Billion Won

FuturePlay announced on the 14th that it has completed the first closing of the "FuturePlay Innovation Growth Fund No. 1" with a scale of 42 billion KRW.

Through this, FuturePlay has completed the formation of a total of three funds this year: ▶FuturePlay Unicorn Fund No. 2 with 15.7 billion KRW ▶FuturePlay Pioneer Fund No. 1 with 12.4 billion KRW, securing a total investment capital of 70.1 billion KRW. Additionally, as an accelerator, it has achieved the largest assets under management (AUM) of 215 billion KRW.

This fund includes major investors such as Korea Venture Investment Corp., Industrial Bank of Korea, Seoul Metropolitan Government, Gyeonggi-do Economic Science Promotion Agency, and Suwon City. Despite the challenging external economic environment, it succeeded in raising a large amount of capital for an early-stage startup investment fund. FuturePlay, which recently obtained a venture capital (VC) license, has formed the largest fund among those previously established solely with accelerator status.

Kwon Oh-hyung, CEO of FuturePlay and lead fund manager, said, "Because technological innovations that can create significant waves for humanity are being developed, startups in the deep tech sector will lead the global economic ecosystem in the future," adding, "We will more actively discover, invest in, and support startups that have clear technological competitiveness and potential for global expansion."

Meanwhile, FuturePlay plans to secure additional investors and conduct a second closing of the "FuturePlay Innovation Growth Fund No. 1" in the first half of next year. FuturePlay currently operates a total of 11 partnerships and, last month, unusually obtained a VC license as an accelerator.

This content was produced with the assistance of AI translation services.