How many investments has AF WPartners made?

AF WPartners has 50 tracked investments, 1 of which have exited.

What stage does AF WPartners invest at?

AF WPartners invests at the Seed, Growth stages.

Where is AF WPartners located?

AF WPartners is headquartered in Seoul, KR.

Who does AF WPartners co-invest with?

AF WPartners most often shares deals with DAYLI Partners, LB Investment, Advaita Capital, among 149 tracked co-investors.

AF WPartners

Venture capital

Seoul · Seed–Growth · 11 people tracked

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Investment thesis

AF WPartners follows an investment approach it calls Partnership Capital, combining capital with strategic insight, operational expertise, and close collaboration. The firm backs companies with clear competitive advantages and visionary founders who have the conviction and capability to lead. It is stage-flexible while maintaining a disciplined, value-oriented mindset, and aims to support businesses through key inflection points. Based in Seoul with a global network, the firm helps portfolio companies access commercial and policy-driven opportunities and positions itself as a strategic partner at pivotal moments.

Invests inAI & Machine Learning Biotech Consumer Cybersecurity Deep Tech Defense Tech Energy Healthtech Media & Entertainment Mobility & Transportation New Materials RoboticsSector AgnosticSemiconductors Space Tech Global Seoul South Korea

Source: firm website, verified Sep 27, 2026.

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Stage

Seed–Growth

Seoul, KR

Instruments

Equity

Founded

2021

Tracked investments

Unicorns

IPOs

Team · 11 people

from the firm's website

Kyungmin Kim· CEO

CEO of AFW Partners, formerly in senior investment research and portfolio strategy roles at KB Asset Management and Prudential (now Hanwha) Asset Management, with expertise in structured finance.

Sun-Yup Lee· CEO

CEO of AFW Partners, previously Chief Investment Officer of the OCIO division and Senior Strategist at Shinhan Securities, with experience in institutional capital management and macro investment strategy.

Jin Woo Choi· Managing Director

Managing Director previously with Goldman Sachs in Seoul and Bank of America Merrill Lynch in Hong Kong and New York, advising on cross-border M&A, IPOs and shareholder defense. Holds a B.A. in Political Science from Columbia University.

Jaehwan Lee· Director

Director who previously worked at Kiwoom Securities, Seoul IR Network and Yuanta Securities, focusing on IPO execution, investor communications and institutional relationships.

Seungho Lim· Principal, Ph.D

Principal formerly with Lead Compass Investment focusing on early-stage and growth investments in healthcare, ICT and industrial tech; holds a Ph.D. in Chemical and Biological Engineering from Seoul National University.

Inseok Hwang· Associate

Associate who previously led a research team at Theragen Bio working on NGS applications; brings biotech and healthcare IT expertise. Holds an M.S. in Biomedical Science from Yonsei University College of Medicine.

Jaecheol Kim· Associate

Associate previously an equity research analyst at Kiwoom Securities and at FnPricing covering alternative assets including private equity and infrastructure.

Jaehee Baek· General Manager

General Manager overseeing fund operations and administration, previously at Friend Investment Partners, Eugene Investment & Securities and Muirwoods Ventures.

Jaehee Lee· Assistant Manager

Assistant Manager supporting fund operations and administration, previously at DB Financial Investment managing SPC liquidity and client asset administration.

Seungguk Han· Chief Compliance Officer

Chief Compliance Officer overseeing internal controls and operations, previously spent 21 years at Mirae Asset Securities in executive leadership roles.

Sinyoung Park· Manager

Manager supporting fund operations, previously at Xcell Therapeutics, DAWON and Magellan Technology Investment handling financial reporting, IPO preparation and policy-backed fund vehicles.

What they invest in

from 16 of 50 portfolio companies

Hardware ×10Deep Tech ×9AI & Machine Learning ×6Advanced Manufacturing ×3Consumer ×3Data & Infrastructure ×3Healthtech ×3Energy ×2

HQs:South Korea×9United States×6

Who they back

founder profiles across 10 portfolio companies

40%

solo founders

4 of 10 mapped founding teams

repeat founders

of 13 founders with career history

Founding team size:solo founder×42 founders×23 founders×24+ founders×2

Where their founders studiedfrom 12 founders with education data

Massachusetts Institute of Technology ×2

What their founders studiedfrom 12 founders with field-of-study data

Engineering ×10Computer Science ×2

Where their founders worked beforefrom 13 founders with career history

AMD ×2Korea Institute of Science and Technology ×2Massachusetts Institute of Technology ×2

Investments · 50 tracked

founders shown can be your intro path

1X Technologies1x.tech in 𝕏

1X is an AI and robotics company developing general-purpose humanoid robots for home and industrial use.

AI & Machine LearningConsumerHardwareRoboticsPalo Alto, US

Bernt Øyvind Børnich(CEO)in Bernt Børnich(Founder)in

Co-investorsAccess Ventures (New York)Alliance VC Alliance Venture avra EQT Ventures NVIDIA +14 more

Amogyamogy.co in 𝕏

Amogy develops patented ammonia cracking technology that converts ammonia into electric power for hydrogen fuel cells and engines, targeting decarbonization of heavy industries including transportation and maritime.

CleantechClimate TechDeep TechEnergyHardwareHealthtechSan Francisco, US

Seonghoon Woo(Founder)inHyunho Kim(Founder)in Jongwon Choi(Founder)inYoung Suk Jo(Founder)

Board Andrew Hinkly(Director)in

Co-investorsAP Ventures BonAngels Venture Partners Collaborative Fund Congruent Ventures DCVC (Data Collective)GS Futures +6 more

bitsensingbitsensing.com inSep 2022 · $10M

Bitsensing develops radar technology solutions for automotive safety, smart home systems, industrial automation, and urban infrastructure management using advanced signal processing and AI-driven insights.

AI & Machine LearningDeep TechGovTechHardwareIoTMobility & Transportation

Co-investorsLB Investment Spark Labs Korea Accelerator Fund 4 Mando

COCOHEALIcocoheali.com

Cocoheali is a kids' cosmetics brand that offers play-based color and beauty products designed to support children's creativity, play experiences, and sense of self-identity.

ConsumerDirect to ConsumerE-commerceSeoul, KR

박은정(Owner)

Co-investorsLaguna Investment

Element Energyelementenergy.com

Element Energy develops an adaptive battery management system that improves safety, longevity, and energy output for battery packs through cell-level monitoring and management algorithms.

Deep TechEnergyHardware

Co-investorsClaremont Creek Ventures Fraser McCombs Capital Higher Life Ventures LG Technology Ventures Prelude Ventures Mitsubishi Heavy Industries +1 more

First Biotherapeutics1stbio.com

1STBIO (퍼스트바이오) is a biotechnology company developing drug programs, including the HPK1 inhibitor immuno-oncology candidate FB849 and the NLY02 program.

BiotechDeep TechHealthtechMedical DevicesYongin-si, KR

Co-investorsGroom Investment Hyundai Venture Investment Corporation Solidus Investment

Hj Companyhj-company.com

HJ Company, through its subsidiaries HJWAVE and HJTECH, develops millimeter-wave (mmWave) RF technology and 3D waveguide radar antennas for autonomous-driving and ADAS applications, along with End-of-Line (EOL) radar test equipment and automotive electronic component manufacturing.

Deep TechHardwareMobility & TransportationAnsan, KR

유태환(대표이사 (CEO))

Co-investorsLB Investment

Intocellintocell.com

South Korean biotech in Daejeon developing OHPAS linker and payload modification technologies for antibody drug conjugates.

Daejeon, KR

Co-investorsAtinum Investment Co. Ltd.DAYLI Partners

Letinar Co., Ltdletinar.com in

Letinar develops wearable display technology for augmented reality and mixed reality applications, offering low-power, lightweight optical solutions compatible with various AR form factors including glasses and headsets.

Deep TechHardware

Co-investorsGlobal Brain Kakao Ventures KDDI Open Innovation Fund Lotte Ventures Korea Development Bank

Lincsolutionlincsolution.com in

LinçSolution provides MJF (MultiJet Fusion) 3D printing services for high-precision parts and prototypes.

Advanced ManufacturingDeep TechHardwareSeoul, KR

Choi Geun-Sik(Founder)in

Co-investorsWe Ventures

Partridge Systemspartridgesystems.com in

Partridge Systems provides data solutions optimized for manufacturing industries including automotive, battery, and semiconductor sectors.

Advanced ManufacturingAI & Machine LearningData & InfrastructureIoTSeoul, KR

Co-investorsLB Investment

QueryPie AIquerypie.com in 𝕏Series A

QueryPie provides database access management with real-time auditing and automated data masking capabilities for enterprises managing complex database permissions and security compliance.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSeoul, KR

Benjamin Yang, Director of product development(Product Manager)inPeter ShinThomas Jang(Head of front-end development)Brant Hwang(CEO)

Co-investorsAtinum Investment Co. Ltd.Sazze Y Combinator Z Venture Capital Kakao Ventures Mirae Asset Venture Investment +5 more

ROKIT Healthcarerokithealthcare.com in

Healthcare company that recently went public.

Co-investorsAscendo Ventures DAYLI Partners NH Investment & Securities Oasis PAG Japan

Shield AIshield.ai

Shield AI develops AI pilot systems for military applications including aircraft, drones, ships, satellites, and submarines.

AI & Machine LearningDefense TechSan Diego, US

Brandon Tseng(Founder)in Ryan Tseng(Founder)in Andrew Reiter(Founder)in Kingsley Afemikhe(Executive Officer)inGary Steele(Chief Executive Officer)in

BoardKeith Dunleavy(Director)

Co-investors515 Ventures 645 Ventures Advaita Capital Alpha Partners Altra Venture Andreessen Horowitz +50 more

SPR Therapeuticssprpainrelief.com in 𝕏

SPR develops the SPRINT PNS System, a peripheral nerve stimulation device for pain relief.

Digital HealthHardwareHealthtechMedical DevicesCleveland, US

Maria Bennett(President, CEO, and Founder)in Josh Boggs(Executive Officer)inMark Stulz(Executive Officer)Marilyn A. Eisele(Executive Officer)Ben Austin(Chief Financial Officer)inDavid Youngberg(Chief Commercial Officer)

Co-investorsJumpstart Ventures Mutual Capital Partners NDI RC Capital Revelation Partners

Stoke Spacestokespace.com in 𝕏

Stoke Space develops fully reusable rockets for space transportation and mobility services.

Advanced ManufacturingDeep TechHardwareSpace TechSeattle, US

Andy Lapsa(Founder)in Tom Feldman(Founder)inKelly Hennig(Executive Officer)inSula Bondaruk(Recruiter)Marla Nielsen(Recruiting Coordinator)Chantal Penton(Recruiter)

Co-investorsAcequia Capital (AceCap)ATEL Ventures Aurelia Foundry Balerion Space Ventures Beyond Capital Beyond Earth Ventures +53 more

Tenstorrenttenstorrent.com in 𝕏

Tenstorrent designs and manufactures AI hardware accelerators and develops open-source software tools for deploying and running large language models at scale.

AI & Machine LearningDeep TechHardwareToronto

Ljubisa Bajic(Founder)in Jim Keller(Chief Executive Officer)inIvan Hamer(Founder)Milos Trajkovic(Founder)in

Board Greg Reichow(Director)inMike Shaver(Director)

Co-investors1/1 Capital A'Z Angels Advaita Capital Claritas Capital Hakluyt Capital K2 Global +13 more

Xanadu Quantum Technologies Incxanadu.ai

On-chip error-resistant photonic qubits.

Christian Weedbrook(Founder)in

Co-investorsBessemer Venture Partners Golden Ventures In-Q-Tel Innovative Solutions Canada OMERS Ventures Radical Ventures +8 more

오피지지op.gg in 𝕏

OP.GG is a global gaming platform that began in 2012 as a League of Legends stats search engine and now provides game data and analytics for players.

ConsumerData & InfrastructureGamingMedia & Entertainment

Cheonwoo Parkin Sangrak Choi(Founder)inCheonwoo Park ího inh(Founder)inChoi Sang-rak(CEO)

Co-investors500 Global Dunamu & Partners Laguna Investment SoftBank Vision Fund

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AIMMOAulbioBISICHEMC-JeS StudioCerecinCHEQUER GlobalDaejin Advanced MaterialsDotFastlaneFlexigoFutureSenseGeoheimGintGraphyHanmirInnoxlithiumJ2H BiotechJaeYoung TechMediTulipMicoPowerMilliwaveMuseMNovelty nobilityProGreenTechSIMPlatformSIZLSonatusTablingTempus ElectronicsTXRXoplay

Portfolio news

latest coverage across their companies

Stoke Space Raises $1 Billion to Accelerate Fully Reusable Launch

Stoke Space · stokespace.com · Sep 8, 2026

Xanadu Announces Fourth Quarter and Full Year 2025 Results

Xanadu Quantum Technologies Inc · finance.yahoo.com · Apr 9, 2026

Shield AI Raises $2B in Series G Funding; Acquires Aechelon

Shield AI · finsmes.com · Apr 2, 2026

About Lincsolution - 링크솔루션

Lincsolution · lincsolution.com · May 6, 2025

Frequently asked questions

How many investments has AF WPartners made?: AF WPartners has 50 tracked investments, 1 of which have exited.
What stage does AF WPartners invest at?: AF WPartners invests at the Seed, Growth stages.
What sectors does AF WPartners focus on?: AF WPartners focuses on AI & Machine Learning, Biotech, Consumer, Cybersecurity, Deep Tech, Defense Tech, Energy, Healthtech, Media & Entertainment, Mobility & Transportation, New Materials, Robotics, Sector Agnostic, Semiconductors, Space Tech.
Where is AF WPartners located?: AF WPartners is headquartered in Seoul, KR.
Who does AF WPartners co-invest with?: AF WPartners most often shares deals with DAYLI Partners, LB Investment, Advaita Capital, among 149 tracked co-investors.

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