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LB Investment

Venture capital

Seoul · Series A–Late Stage

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Investment thesis

LBInvestment focuses on backing deep-tech and AI-driven companies that address large markets and demonstrate rapid growth potential. The portfolio reflects an emphasis on semiconductor design innovation, digital transformation solutions, advanced medical technology, big data analytics, and defense aerospace applications, with geographic focus on South Korea and global markets.

Source: firm website, verified Aug 3, 2026.

Stage
Series A–Late Stage
HQ
Seoul, KR
Instruments
Equity
Founded
1996
Last 12 months
4 investments
Tracked investments
169
Unicorns
2
IPOs
13
Acquisitions
1

What they invest in

from 104 of 169 portfolio companies

AI & Machine Learning ×35Hardware ×26Deep Tech ×21Consumer ×17Healthtech ×17IoT ×14Biotech ×13E-commerce ×12

HQs:South Korea×80United States×9China×4United Kingdom×1India×1

Who they back

founder profiles across 24 portfolio companies
83%
solo founders
20 of 24 mapped founding teams
29%
repeat founders
of 17 founders with career history

Founding team size:solo founder×202 founders×4

Where their founders studiedfrom 17 founders with education data

Korea Advanced Institute of Science and Technology ×10Seoul National University ×2

What their founders studiedfrom 15 founders with field-of-study data

Computer Science ×7Engineering ×6Physics ×3

Where their founders worked beforefrom 17 founders with career history

Korea Institute of Science and Technology ×2Stanford University ×2

Investments · 169 tracked

founders shown can be your intro path

By year:2026 · 22025 · 52021 · 22017 · 12015 · 12014 · 112 dated

Cornerscorners.co.kr✓ verified

Corners is a Korean technology company that develops solutions for intelligent transportation and facility management systems.

AI & Machine LearningDeep TechEnterprise SoftwareGovTechIoTMobility & TransportationSeoul, KR

Gaudio Labgaudiolab.comin𝕏✓ verified

Gaudio Lab develops audio technologies including spatial audio, loudness management, and AI-driven sound processing for music streaming, video platforms, gaming, and cinema.

AI & Machine LearningDeep TechMedia & Entertainment

Co-investorsKorea Investment PartnersNaverSamsung Venture Investment Corporation

Mobirixmobirix.com✓ verified

Mobirix is a mobile game developer and publisher that creates casual and puzzle games for global audiences.

Gaming

Co-investorsNeowiz

에빅스젠avixgen.com✓ verified

Avixgen develops therapeutic treatments for ophthalmological diseases such as macular degeneration and dry eye, inflammatory conditions including atopic dermatitis, and an in-house drug delivery platform called ACP technology.

BiotechDigital HealthHealthtechMedical Devices

한성준

Co-investorsHyundai Venture Investment Corporation

AhnLabahnlab.comin

AhnLab provides a security platform (AhnLab PLUS) built with AI agents, offering XDR, SOAR, threat intelligence, cloud workload protection, endpoint, network, and OT/CPS security solutions.

AI & Machine LearningCloud ComputingCybersecurity

Aivaiv.aiin

AIV builds an AI vision-based robotics automation platform aimed at implementing industrial "Physical AI," connecting the platform with robots for setup, operation, and performance management in production settings.

Advanced ManufacturingAI & Machine LearningData & InfrastructureRobotics

Co-investorsKiwoom InvestmentWe Ventures

Aizentertainmentaizentertainment.com

AIZ Entertainment builds an AI-based platform that connects interest-based content to form fandoms and create community-focused entertainment.

AI & Machine LearningMedia & EntertainmentSocialPangyo, KR

Namkoong Whon(CEO)

ALOHA FACTORYaloha-corp.com

Aloha Factory develops mobile casual games designed to create memorable entertainment experiences for players globally.

GamingMedia & Entertainment

Co-investorsCrit Ventures

Armarm.comin𝕏Aug 2026

Arm is a semiconductor company that designs and licenses processor IP and compute platforms used from edge devices to AI data centers, spanning markets such as data centers, automotive, and general computing.

AI & Machine LearningDeep TechHardwareSemiconductorsCambridge, GB

Rene Haas(Chief Executive Officer & Board Member)inSpencer Collins(Chief Legal Officer & Company Secretary)in

Co-investorsSoftBank GroupAlliance VCAlliance VentureSoftBank Vision FundStrategxy Ventures LLCMaverick Silicon

Aswemakeaswemake.com

As We Make operates a digital platform connecting consumers with affordable fresh groceries and food products through retail partnerships.

B2B MarketplacesE-commerceFoodTechLogistics & Supply ChainMarketplacesRetail TechSeoul, KR

손수영 (Soo-young Sohn)(CEO)

Co-investorsWe Ventures

Atecoateco.co.kr

ATECO is a South Korean company focused on research, development, and precision manufacturing technology, positioning itself as an industrial technology provider.

Advanced ManufacturingHardware

B GARAGEbgarage.aiin

B GARAGE builds autonomous drones powered by computer vision that count and digitalize warehouse inventory in near real time, offered through a Robot-as-a-Service subscription model.

AI & Machine LearningLogistics & Supply ChainRoboticsSan Jose, US

Aiden Kim(Founder)in

Co-investorsIMM Investment JapanKakao VenturesKT investment Inc.Z Venture Capital

Bagelcode Venture Capitalbagelcode.com

Bagelcode is a global mobile game company founded in 2012 that develops and publishes mobile games for players worldwide, using technology and data to improve its game services.

ConsumerGamingMedia & EntertainmentMobility & TransportationSeoul, KR

Donghoon Cha 님(Founder)in

Co-investorsAju IB Invesment CorporationAtinum Investment Co. Ltd.Groom InvestmentIMM Investment Japan

BEPRObepro11.comin𝕏

BEPRO provides an integrated sports match analysis platform combining FIFA-qualified 4K panoramic cameras, event and optical tracking data analysis, and a collaboration space for editing and sharing footage.

AI & Machine LearningSaaSSports Tech

Co-investorsKT investment Inc.

Beyond Honeycombbeyondhoneycomb.comin

Beyond Honeycomb offers GRILL X, an AI-powered robotic grilling system that automates meat cooking in commercial kitchens using molecular sensors to achieve consistent chef-level quality.

AI & Machine LearningFoodTechRobotics

bitsensingbitsensing.comin

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-investorsAF WPartnersMando

Buzzvilbuzzvil.cominJan 2017

Buzzvil operates a reward-based, full-funnel marketing and advertising platform that connects users, advertisers, and partners by giving users benefits such as coupons, event entries, and payment points in exchange for engagement with ads, quizzes, mini-games, and short-form content.

AdTechAI & Machine LearningMarketing TechSeoul, KR

Jueun Seo(Founder)inOhsu Kwon(Director)Goanwoo Lee(Executive Officer)Youngho Lee(Executive Officer)

BoardDoosuk Chae(Outside Director)Gyuhak Moon(Outside Director)

Co-investorsIMM Investment JapanSoftBank Group

Caringcaring.co.kr

Caring provides elderly care services in South Korea, offering guidance and free expert consultations on long-term care grades, day care centers, family caregiving, and home visit care.

Digital HealthHealthtechWellness & FitnessSeoul, KR

Co-investorsAju IB Invesment CorporationAscendo Ventures

CIS Venture Capitalcisro.co.kr

Cisro provides equipment and inspection/measurement solutions for the electrode processing step in secondary battery (lithium-ion) manufacturing, and supplies precision measurement and defect inspection technology for semiconductor and PCB production.

Advanced ManufacturingHardwareSemiconductors

Co-investorsIMM Investment Japan

Cloudrcloudr.cn

Zhiyun Health provides digital healthcare solutions for households, hospitals, pharmacies, and individuals through multiple platforms and services.

AI & Machine LearningCloud ComputingDigital HealthHealthtechChina, CN

Contorocontoro.com

Contoro Robotics builds AI-powered, teleoperation-assisted robotic arms that unload floor-loaded truck trailers and containers.

Austin, US

Youngmok Yun(Executive Officer, Director)inJoshua Duyan(Director)Ilyong Choi(Director)Ashish Deshpande(Director)

Co-investorsKakao VenturesKB Investment

Cookatmarketcookatmarket.com

Cookat operates an online store selling ready-to-eat and frozen convenience foods, including microwaveable meals, snacks, and its own Cookat Made branded products.

ConsumerE-commerceFoodTech

Co-investorsAju IB Invesment CorporationKT investment Inc.

CrucialTeccrucialtec.com

CrucialTec develops optical and biometric recognition technologies for mobile devices, displays, and automotive applications.

HardwareIoTMobility & TransportationSemiconductorsYongin, KR

Curocellbtxcurocellbtx.com

Curocell is a Korean biotech company developing CAR-T cell therapies for cancers such as lymphoma and leukemia, as well as autoimmune conditions like lupus.

BiotechHealthtechMedical Devices

Gunsoo Kim(CEO / Founder)

Co-investorsAju IB Invesment CorporationAtinum Investment Co. Ltd.IMM Investment Japan

D&D Pharmatechddpharmatech.comJun 2025

DD Pharmatech develops therapeutics for metabolic disorders, with a focus on oral and long-acting GLP-1 receptor agonist formulations.

Biotech

Seulki Lee(Executive Officer, Director)inSunghoon Hong(Executive Officer, Director)Sungmook Lim(Executive Officer, Director)

BoardDaehyun Shin(Director)Seungwon Lim(Director)Seol-Heui Han(Director)

Co-investorsDAYLI PartnersKiwoom InvestmentOctave Ventures Llc

Daily Hoteldailyhotel.com𝕏

Dailyhotel is an online travel platform operated by Nol Universe that acts as an e-commerce intermediary for booking hotels and travel products in South Korea.

E-commerceMarketplacesTravel & HospitalitySeongnam, KR

이철웅(CEO (대표이사))

Co-investorsSazzePrimer Sazze Partners

Dear Dahliadeardahlia.kr

E-commerce

DEEPNOID Venture Capitaldeepnoid.comin

Deepnoid develops artificial intelligence solutions for medical imaging analysis, security screening, and industrial quality inspection.

Advanced ManufacturingAI & Machine LearningDeep TechDigital HealthMedical DevicesSeoul, KR

Woosik Choi(Founder & CEO)

Co-investorsAju IB Invesment CorporationIMM Investment Japan

Dentbirddentbird.comin
Dewcelldewcell.com

Dewcell is a technology company focused on improving the lives of patients and their families.

BiotechHealthtechSeongnam, KR

Minwoo Lee(CEO (대표이사))

Dexter Studiosdexterstudios.com

Dexter Studios is a South Korean content production company specializing in visual effects, virtual production, and digital content creation for films, television, and immersive media.

ConsumerCreator EconomyMedia & EntertainmentSeoul, KR

Co-investorsLegend CapitalAju IB Invesment Corporation

Dobraindobrain.co

Dobrain offers a personalized brain-development education program for young children, designed by researchers to build individual learning skills from early childhood.

ConsumerDigital HealthEdTech

Ecube Labsecubelabs.comin𝕏

Ecube Labs provides IoT-based waste management solutions that optimize collection routes and schedules for cities and waste organizations.

Circular EconomyCleantechEnterprise SoftwareIoTLogistics & Supply ChainSaaS

ELICEelice.io

Elice is an AI full-stack company providing AI infrastructure, cloud services, and industry-specific solutions, including modular AI data centers ("Elice AI PMDC"), the learning and practice platform "Elice LXP," the "Helpy" industry-specialized AI model series, and MLOps pipelines.

AI & Machine LearningCloud ComputingEdTechGangneung, KR

Jae Won Kim(CEO)inSuin Kim(Chief Research Officer (CRO))in

Enchemenchem.net

South Korean maker of lithium-ion battery electrolytes for EV and battery manufacturers, with plants across Asia, Europe and North America.

Co-investorsAtinum Investment Co. Ltd.

Enflowenflow.co.kr

Enflow develops technology to produce sulfide-based solid electrolytes in fine spherical form, researching, developing, and manufacturing materials for next-generation batteries alongside domestic partner companies.

CleantechDeep TechEnergyNew MaterialsOsan, KR

Co-investorsAju IB Invesment CorporationAtinum Investment Co. Ltd.

Ettifos (June 2022)ettifos.comin

Ettifos develops Vehicle-to-Everything (V2X) communication technologies and platforms, including modem IP, protocol stacks, and connected vehicle devices for transportation and road safety applications.

Deep TechHardwareIoTMobility & TransportationSeongnam-si, KR

Yong Je Lim(CEO)in

EYEDENTITY GAMESeyedentitygames.com

Eyedentity Games is a game development studio founded in 2007 by veteran game industry professionals to create distinctive online and mobile games.

Gaming

Co-investorsPremier Partners

Fitpetfitpet.co.kr

Fitpet is a South Korean company focused on pet health and care.

ConsumerDigital HealthE-commerceHealthtechSeoul, KR

Ko Jung-wook(CEO (대표))

Co-investorsAscendo VenturesPremier Partners

Fountfount.co

Fount is a Korean investment advisory company that provides an app-based service for personal asset management and investing.

FintechSaaSSeoul, KR

이종휘(대표 (CEO))

Co-investorsKT investment Inc.Korea Development BankShinhan CapitalSmilegate Investment

Fstlnfstln.ioin

A brand operations firm that helps Chinese companies expand internationally by providing marketing strategy, digital transformation, and global sales network support to drive commercial growth.

Direct to ConsumerE-commerceMarketing TechSaaS

FuturePlayfutureplay.coin

FuturePlay is a deep tech investor that backs and partners with technology-driven startups, providing capital and hands-on support to founders.

Deep Tech

O (Oh-hyoung) Kwonin

Co-investorsSM Culture Partners

Gbike Co., Ltd.gcoo.io

Gkoo is a micro-mobility operator providing electric scooters and e-bikes powered by clean energy, with a mission to achieve carbon neutrality by 2030 and reduce CO2 emissions.

CleantechClimate TechConsumerMarketplacesMobility & Transportation

Co-investorsX-HUB TOKYO Global Startup AcceleratorTheVentures

Gene Medicinegene-medicine.com

Korean biotech developing next-generation oncolytic viruses for hard-to-treat cancers, with CDMO/CMO services.

Co-investorsAtinum Investment Co. Ltd.IMM Investment Japan

Gintlabgintlab.comin

GINT develops smart agriculture and smart mobility platforms using autonomous driving, electronic control, and data-based service technologies.

AgTechAI & Machine LearningIoTMobility & Transportation

Gipathfindergipathfinder.comin𝕏

Neptune Medical designs and manufactures medical devices using proprietary Dynamic Rigidization technology that toggles thin-walled tubes between flexible and rigid states.

HealthtechMedical DevicesSilicon Valley, US

Co-investorsMighty CapitalScientific Health Development

gpcr therapeuticsgpcr.co.krin

GPCR.co.kr is a biotechnology company developing drug discovery platforms focused on G-protein coupled receptors (GPCRs) and their therapeutic applications.

BiotechDeep TechSeoul, KR

Seen, Dong Seung(Chief Executive Officer & Founder)Won-Ki Huh(Co-founder)

HandySofthandysoft.co.kr

Polaris AI Handy (Handysoft) develops enterprise groupware and collaboration software, offering integrated work infrastructure that combines communication, knowledge management, and document management tools, available as cloud services.

Enterprise SoftwareIoTSaaS

Co-investorsAtinum Investment Co. Ltd.

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))

Houstephoustep.co.kr

Houstep previously offered home interior construction services and has ended that business, transitioning to a new service called "Sample Warehouse" (샘플창고) that helps customers choose interior materials by providing samples.

ConsumerMarketplacesPropTechSeoul, KR

이승헌(Founder)

HYBEhybecorp.comApr 2021

South Korean music and entertainment group behind BTS, operating multiple labels plus the Weverse fan platform and a games arm.

Seoul

Bang Si-Hyuk(Executive Officer, Director)Park Jiwon(Executive Officer, Director)Lee Jin-Hyung(Executive Officer, Director)Lenzo Yoon(Executive Officer, Director)in

BoardPark Youngho(Director)inKim Byunggyu(Director)

Co-investorsKiwoom InvestmentDaesung Private EquityLaguna InvestmentShinhan Venture Investment

HyperAccelhyperaccel.aiin

Bertha 500 is an AI inference accelerator hardware chip designed for cloud data centers, optimized for energy efficiency and cost-effectiveness compared to traditional GPU alternatives.

AI & Machine LearningCloud ComputingDeep TechHardwareSemiconductorsSeoul, KR

Kim Joo-young(CEO)in

Co-investorsAsia2G CapitalKorea Investment Partners

Illimistxillimistx.comin𝕏

Illimis Therapeutics is a biotech company developing therapeutics for intractable diseases, including GAIA-Aβ, a treatment aimed at improving Alzheimer's disease by clearing beta-amyloid via an efferocytosis-based mechanism that avoids the ARIA side effects of existing treatments.

BiotechDigital HealthSeoul, KR

Co-investorsAju IB Invesment Corporation

Immuneonciaimmuneoncia.com

Immuneoncia develops immuno-oncology cancer therapeutics, including antibody drugs targeting PD-L1 and CD47, with a program targeting both CD47 and PD-L1 simultaneously.

BiotechHealthtech

Co-investorsPremier Partners

Ivimtechivimtech.comin

IVIM Technology develops intravital microscopy systems, including confocal and two-photon microscopes for in vivo imaging of living organisms, and provides contract research organization (CRO) services for preclinical in vivo imaging.

AI & Machine LearningBiotechHardwareMedical DevicesDaejeon, KR

Co-investorsAtinum Investment Co. Ltd.Premier Partners

Jupiterjupiter.coinOct 2025

Jupiter is a monetization platform for food content creators that facilitates brand partnerships with CPG companies, integrates with ad networks, and enables commerce through Instacart.

Creator EconomyE-commerceEnterprise SoftwareFoodTechMarketing TechMarketplacesNew York City, US

Chad Munroe(Co-founder / CEO)in

Co-investorsY CombinatorCathexis VenturesNFXSprint VcThe MBA Fund3one4 Capital+6 more

Jupiter Bioventuresjupiter.bioinOct 2025

Jupiter is a biotech company that discovers and develops new medicines across multiple therapeutic areas.

BiotechChapel Hill, US

Ned Sharpless(Co-founder & CEO)Leigh Delacy(Co-founder & Partner and COO)

Co-investorsEshelman Ventures, LLCMission Biocapital3one4 CapitalBEENEXTHummingbird VenturesPeak XV Partners+2 more

Kakao Gameskakaogamescorp.com

Kakao Games is a game publisher that distributes mobile, PC, and console game content across Asia, Europe, and North America.

GamingMedia & Entertainment

Co-investorsAtinum Investment Co. Ltd.Premier Partners

Klleonklleon.ioin

Klleon builds real-time conversational AI digital humans with natural speech and facial expressions, delivered via a studio platform and SDK for web, app, and kiosk deployments.

AI & Machine LearningEnterprise SoftwareSaaS

Kpmikoreakpmikorea.comin

KPMI develops uni-directional composite materials marketed as FLEXARMOUR, using Aramid UD and UHMWPE UD fiber technologies for high-performance applications.

Advanced ManufacturingDefense TechHardwareNew MaterialsSouth Korea, KR

Co-investorsLotte Ventures

Other

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

(주)에이프릴바이오(주)와이팜A BlyABLYAbysscompanyBarogoBaum DsBridge BIO Venture CapitalClovergamesCsbrgCuriginDealiciousDoosan TesnaELISEncastEOFlowG Philos.CoGetlinerGoodtcellsHeodakmarketHizeaeroICM Venture CapitalIot CntechK AuctionKIFCO AerospaceKIPCOKIPEOSPACEKIPHKonecautoLnroboLX SemiconMETACOMEDYMUSINSANaturennatureNexonNOTAOlummaterialRABLUPRecensmedicalRIBS MEDRXC CORP.ShownoteStudio MirStyleShareToolgen Venture CapitalWORKOUTZigbang Venture Capital압타바이오엔게인

Exits · 14

13 IPOs · 1 acquisitions · showing 1

Rapid Diagnostekacq. by Qorvo, Inc.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has LB Investment made?
LB Investment has 169 tracked investments, 14 of which have exited, including 7 dated in the last 24 months.
What stage does LB Investment invest at?
LB Investment invests at the Series A, Series B, Series C, Late Stage stages.
What sectors does LB Investment focus on?
LB Investment focuses on AI & Machine Learning, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Deep Tech, Defense Tech, E-commerce, EdTech, Fintech, Marketplaces, Media & Entertainment, Medical Devices, Retail Tech, Semiconductors, Space Tech.
Where is LB Investment located?
LB Investment is headquartered in Seoul, KR.
Does LB Investment lead rounds?
LB Investment has led 7 of the 14 rounds where its role is on record.
Who does LB Investment co-invest with?
LB Investment most often shares deals with Atinum Investment Co. Ltd., Aju IB Invesment Corporation, IMM Investment Japan, among 48 tracked co-investors.

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