Expansion of Investment in AI and Deep Tech
Capital Contributions from SoftBank Group (SBG) and SK Networks
Third Fund Established This Year, Approaching 400 Billion KRW in Total
Venture capital firm SBVA announced on the 16th that it has established the 'Alpha Intelligence Fund' worth approximately 180 billion KRW (130 million USD).
Through this fund, SBVA plans to expand investments in early-stage companies in the global artificial intelligence (AI) and deep tech sectors, leveraging advanced technologies to solve social issues and lead market innovation.
The main limited partners (LPs) of this fund include SoftBank Group (SBG), SK Networks, Hanwha Life, LG Electronics, and CP Group. SBVA intends to increase the fund size through a second closing within the year and proactively identify target companies to invest in major Asian firms.
SBVA will focus its investments on early-stage startups with global growth potential in AI, robotics, and deep tech. Additionally, it will strengthen support to help portfolio companies successfully enter global markets, particularly by attracting strategic investments and promoting collaborative projects with Asian deep tech companies aiming to enter the U.S. market and Western startups preparing to enter the Asian market.
Lee Jun-pyo, CEO of SBVA, stated, "In this new era of AI transformation, SBVA will continue to accelerate technological innovation through investments based on differentiated technical expertise and a global network."
Meanwhile, this fund is SBVA's third fund established this year. Including the '2023 Alpha Korea Fund' worth 200 billion KRW formed in the first half of the year and the 'AI Healthcare Fund' worth 30 billion KRW, the total amount raised this year reaches approximately 400 billion KRW.
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