GS Construction announced on the 22nd that its corporate venture capital (CVC) subsidiary, XPLOR Investment, has identified and invested in five startups.
10 startups and venture companies invested in by GS Construction through its CVC subsidiary, Xplore Investment (Provided by GS Construction)
XPLOR Investment selected five startups through the 'Camp XPLOR' startup investment selection program, which has been conducted together with GS Construction since last year. This program invests in startups that have business models in smart cities, smart safety, and other construction-related fields. So far, it has supported 10 companies. A total of about 150 companies applied for this round.
A GS Construction official stated, "Through this program, we will focus on discovering various venture companies and startups beyond the existing construction business sectors to find business models that can create synergy with GS Construction."
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