Establishment of Fund with Korea Venture Investment on the 18th
Hyosung Ventures is launching a 100 billion KRW investment fund to revitalize the startup ecosystem, following last year’s initiative.
On the 20th, Hyosung Ventures announced the establishment of the 'Startup Korea Hyosung Deep Tech Venture Investment Association' fund in collaboration with Korea Venture Investment Corp. This fund was formed under the leadership of the Ministry of SMEs and Startups, with Hyosung Group contributing 70 billion KRW and the Korea Venture Investment Corp.’s mother fund investing 30 billion KRW, creating a total fund size of 100 billion KRW.
The fund plans to focus investments on breakthrough technology sectors such as bio-health, eco-friendly energy, future mobility, robotics, cybersecurity, system semiconductors, big data & AI, aerospace & marine, next-generation nuclear power, and quantum technology. Additionally, investments will be made in companies selected under the government’s 'Breakthrough Startup 1000+ Project.'
Hyosung Ventures aims to discover promising startups and maximize their potential value by leveraging Hyosung Group’s extensive business experience and network.
In March last year, Hyosung Ventures also made additional investments in the 51 billion KRW 'Hyosung CVC Scale-up New Technology Business Investment Association No.1' fund, which was formed in partnership with the Korea Institute for Advancement of Technology (KIAT).
New investments were made in promising startups such as 'AccessLab,' which designs and develops ARM-based server hardware and software in-house, and 'Platforce,' which operates a Software as a Service (SaaS) platform for gift card services.
AccessLab has completed the development of ARM servers for various applications and has supplied some products to large corporations and government-funded institutions, receiving excellent evaluations. ARM servers reduce power consumption by more than 50% compared to conventional popular servers while providing high performance.
Platforce offers an innovative platform that allows anyone to easily issue and distribute gift cards, setting a new standard in the gift card market. Through collaboration with Hyosung affiliates, it is expected to generate significant synergy in digital transformation projects.
Hyosung Ventures supports not only new investments but also the continuous growth of existing portfolio companies. A notable example is the additional investment in Colosseum Corporation, a logistics solutions provider that received funding in the first quarter of this year. With Hyosung Ventures’ support, Colosseum Corporation’s sales are expected to grow approximately threefold this year.
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