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Industrial Bank of Korea

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 129
Average round size
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The average size of a deal this fund participated in
$16M
Portfolio companies 119
Rounds per year 2.05
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.08
Key employees Soon

Areas of investment

  • Software
  • Artificial Intelligence
  • Health Care
  • Information Technology
  • Machine Learning
Summary

Industrial Bank of Korea is the famous Corporate Investor, which was founded in 1961. The venture was found in Asia in South Korea. The main office of represented Corporate Investor is situated in the Seoul.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Wantedlab, B2Link, B2Link. For fund there is a match between the location of its establishment and the land of its numerous investments - South Korea. The fund has exact preference in a number of founders of portfolio startups. We can highlight the next thriving fund investment areas, such as Real Estate, Recruiting.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Industrial Bank of Korea, startups are often financed by KTB Network, Stonebridge Capital, Woori Bank. The meaningful sponsors for the fund in investment in the same round are SK Securities, Mirae Asset Venture Investment, Woomi construction corporation. In the next rounds fund is usually obtained by Premier Partners, POSCO Venture Capital, Korea Kolmar Co..

Considering the real fund results, this Corporate Investor is 5 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2019. Deals in the range of 10 - 50 millions dollars are the general things for fund. The fund is constantly included in less than 2 investment rounds annually.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

WELT

Fashion
Fitness
Health Care
Lifestyle
Software
Wearables
$12M26 Jun 2024 South Korea, Gyeonggi-do, South Korea

Bitsensing

Automotive
Autonomous Vehicles
Drones
Electronic Equipment and Instruments
Internet of Things
Robotics
Sensor
Smart Cities
Software
$30M18 Jun 2024 South Korea, Gyeonggi-do, South Korea

Glorang

Apps
EdTech
Education
Information Technology
$7M10 Jun 2024 Yeoksamdong, Seoul-t'ukpyolsi, South Korea

Wrtn Technologies

Artificial Intelligence
Content
Software
$21M06 Jun 2024 Seoul, Seoul-t'ukpyolsi, South Korea

MetisX

Computer
Data Storage
Semiconductor
$44M13 May 2024 Yongin, Ch'ungch'ong-namdo, South Korea

HoneyNaps

Health Care
Medical Device
Personal Health
$11M07 May 2024 Seoul, Seoul-t'ukpyolsi, South Korea

Modusign

E-Signature
Electronics
Information Technology
$15M29 Apr 2024 South Korea, Gangwon-do, South Korea

Upstage AI

Artificial Intelligence
Communications Infrastructure
$87M16 Apr 2024 Yongin, Ch'ungch'ong-namdo, South Korea

Algocare

Artificial Intelligence
Health Care
Nutrition
$13M14 Mar 2024 Seoul, Seoul-t'ukpyolsi, South Korea

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Total investments 129
Average round size 16M
Rounds per year 2.05
Peak activity year 2022
Lead investments 4
Follow on index 0.08
Group Appearance index 0.91

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

WELT

Fashion
Fitness
Health Care
Lifestyle
Software
Wearables
$12M26 Jun 2024 South Korea, Gyeonggi-do, South Korea

Bitsensing

Automotive
Autonomous Vehicles
Drones
Electronic Equipment and Instruments
Internet of Things
Robotics
Sensor
Smart Cities
Software
$30M18 Jun 2024 South Korea, Gyeonggi-do, South Korea

Glorang

Apps
EdTech
Education
Information Technology
$7M10 Jun 2024 Yeoksamdong, Seoul-t'ukpyolsi, South Korea

Wrtn Technologies

Artificial Intelligence
Content
Software
$21M06 Jun 2024 Seoul, Seoul-t'ukpyolsi, South Korea

MetisX

Computer
Data Storage
Semiconductor
$44M13 May 2024 Yongin, Ch'ungch'ong-namdo, South Korea

HoneyNaps

Health Care
Medical Device
Personal Health
$11M07 May 2024 Seoul, Seoul-t'ukpyolsi, South Korea

Modusign

E-Signature
Electronics
Information Technology
$15M29 Apr 2024 South Korea, Gangwon-do, South Korea

Upstage AI

Artificial Intelligence
Communications Infrastructure
$87M16 Apr 2024 Yongin, Ch'ungch'ong-namdo, South Korea

Algocare

Artificial Intelligence
Health Care
Nutrition
$13M14 Mar 2024 Seoul, Seoul-t'ukpyolsi, South Korea
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