IBK Venture Investment and SBI Investment Launch Startup Korea Fund to Support Local Unicorns
On October 10, IBK Venture Investment and SBI Investment announced the launch of the Startup Korea Fund. This fund aims to support domestic startups in their growth into competitive unicorn companies in the global market.
IBK Venture Investment, a subsidiary of the IBK Financial Group, is a new technology venture capital firm that possesses a unique competitive edge in discovering and nurturing early-stage companies through its startup support platform IBK Chang Kong and the groups extensive network. By leveraging various products and support from IBK Group, the firm assists startups in overcoming the Death Valley phase and achieving stable growth after investment.
SBI Investment, a key affiliate of the Japanese SBI Financial Group, boasts a strong financial network spanning major global hubs, including Asia. The firm has valuable experience in actively supporting domestic companies in attracting overseas investments and business collaborations, utilizing the global network of the SBI Financial Group. This expertise will be instrumental in aiding the global expansion of companies invested in through the Startup Korea Fund.
Cho Hyoseung, the CEO of IBK Venture Investment, stated, "The combination of IBKs capabilities in discovering early-stage companies and SBIs global network will provide a comprehensive support platform necessary for domestic startups to leap into global enterprises. Together, we will work to usher in a global unicorn era for Korean startups."
IBK Venture Investment, a subsidiary of the IBK Financial Group, is a new technology venture capital firm that possesses a unique competitive edge in discovering and nurturing early-stage companies through its startup support platform IBK Chang Kong and the groups extensive network. By leveraging various products and support from IBK Group, the firm assists startups in overcoming the Death Valley phase and achieving stable growth after investment.
SBI Investment, a key affiliate of the Japanese SBI Financial Group, boasts a strong financial network spanning major global hubs, including Asia. The firm has valuable experience in actively supporting domestic companies in attracting overseas investments and business collaborations, utilizing the global network of the SBI Financial Group. This expertise will be instrumental in aiding the global expansion of companies invested in through the Startup Korea Fund.
Cho Hyoseung, the CEO of IBK Venture Investment, stated, "The combination of IBKs capabilities in discovering early-stage companies and SBIs global network will provide a comprehensive support platform necessary for domestic startups to leap into global enterprises. Together, we will work to usher in a global unicorn era for Korean startups."
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