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Korea Development Bank

Founders Dong-gull Lee

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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 121
Average round size
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The average size of a deal this fund participated in
$35M
Portfolio companies 107
Rounds per year 1.75
Lead investments 12
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.12
Exits 3
Key employees Soon

Areas of investment

  • Software
  • Information Technology
  • Artificial Intelligence
  • Machine Learning
  • E-Commerce
Summary

In 1954 was created Korea Development Bank, which is appeared as Corporate Investor. The main department of described Corporate Investor is located in the Seoul. The venture was found in Asia in South Korea.

Besides, a startup requires to be at the age of 11-15 years to receive the investment from the fund. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 4 of the founder, the chance for it to get the investment is meager. We can highlight the next thriving fund investment areas, such as Communications Infrastructure, E-Commerce. For fund there is a match between the country of its foundation and the country of its the most frequent investments - South Korea. Among the most popular portfolio startups of the fund, we may highlight China Bank, True Balance, East Interactive.

Considering the real fund results, this Corporate Investor is 13 percentage points more often commits exit comparing to other organizations. The fund is constantly included in less than 2 deals per year. When the investment is from Korea Development Bank the average startup value is 10-50 millions dollars. The top activity for fund was in 2019. The usual things for fund are deals in the range of 10 - 50 millions dollars.

The standard case for the fund is to invest in rounds with 4-5 partakers. Despite the Korea Development Bank, startups are often financed by SparkLabs Accelerator, SK Securities, Mirae Asset Venture Investment. The meaningful sponsors for the fund in investment in the same round are POSCO Venture Capital, Premier Partners, Korea Kolmar Co.. In the next rounds fund is usually obtained by TS Investment, Shinhan Capital, Shinhan Bank.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Korea Development Bank:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

N.Light

3D Technology
Information Technology
Media and Entertainment
$6M08 Feb 2023 Seongnam, Kyonggi-do, South Korea

VRISM

E-Commerce
Shopping
Virtual Reality
$4M03 Feb 2023 South Korea, Gyeonggi-do, South Korea

Sweet Bio

Food and Beverage
Health Care
Lifestyle
$9M29 Jan 2023 Seoul, Seoul-t'ukpyolsi, South Korea

LBox Co., Ltd.

$15M20 Dec 2022 -

Epikar

Customer Service
E-Commerce
15 Dec 2022 Czech Republic, Central Moravia, Czechia

Databank

EdTech
Education
Software
09 Dec 2022 South Korea, Gyeonggi-do, South Korea

SuperBin

Artificial Intelligence
Information Technology
$15M14 Oct 2022 Seongnam, Kyonggi-do, South Korea

Seoul Robotics

Artificial Intelligence
Automotive
Autonomous Vehicles
Drones
Machine Learning
Robotics
Sensor
Software
$25M22 Sep 2022 South Korea, Gyeonggi-do, South Korea

Superb AI

Artificial Intelligence
Computer Vision
Machine Learning
Natural Language Processing
SaaS
$16M21 Sep 2022 California, United States
News
H2O Hospitality secures $30M Series C to expedite hotel digital transformation

– H2O Hospitality, a South Korea and Japan-based unmanned hotel management company, raised $30m funding.
– The round was led by Kakao Investment and Korea Development Bank, Gorilla Private Equity, Intervest and NICE Investment also participated.
– H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy.

Deepbrain boosts AI-powered virtual avatars with $44M raise

– Deepbrain AI (formerly Moneybrain), a conversational AI startup based in Seoul, South Korea, has raised $44m in a series B round led by Korea Development Bank at a post-money valuation of $180m.
– The capital will be used to expand the company’s customer base and operations globally, CEO Eric Jang said in a statement, with a particular emphasis on the U.S.
– Deepbrain provides a range of AI-powered customer service products, but its focus is on “synthetic humans,” or human-like avatars that respond to natural language questions.

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Total investments 121
Average round size 35M
Rounds per year 1.75
Peak activity year 2022
Lead investments 12
Follow on index 0.12
Exits 3
Group Appearance index 0.90

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

N.Light

3D Technology
Information Technology
Media and Entertainment
$6M08 Feb 2023 Seongnam, Kyonggi-do, South Korea

VRISM

E-Commerce
Shopping
Virtual Reality
$4M03 Feb 2023 South Korea, Gyeonggi-do, South Korea

Sweet Bio

Food and Beverage
Health Care
Lifestyle
$9M29 Jan 2023 Seoul, Seoul-t'ukpyolsi, South Korea

LBox Co., Ltd.

$15M20 Dec 2022 -

Epikar

Customer Service
E-Commerce
15 Dec 2022 Czech Republic, Central Moravia, Czechia

Databank

EdTech
Education
Software
09 Dec 2022 South Korea, Gyeonggi-do, South Korea

SuperBin

Artificial Intelligence
Information Technology
$15M14 Oct 2022 Seongnam, Kyonggi-do, South Korea

Seoul Robotics

Artificial Intelligence
Automotive
Autonomous Vehicles
Drones
Machine Learning
Robotics
Sensor
Software
$25M22 Sep 2022 South Korea, Gyeonggi-do, South Korea

Superb AI

Artificial Intelligence
Computer Vision
Machine Learning
Natural Language Processing
SaaS
$16M21 Sep 2022 California, United States
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