Base Ventures announced the formation of a new venture fund, "Base Uptempo Venture Investment Association," valued at 56.8 billion won. This fund, Base Ventures' fourth blind fund, is entirely funded by private capital. Founders and private companies that previously invested in Funds 1, 2, and 3 are participating again, demonstrating the reliability and sustainability of the private-sector-led early-stage investment ecosystem.
Founded in 2018, Base Ventures has invested in over 150 ultra-early-stage startups since its inception. Key portfolio highlights include Rapo Labs, operator of Queenit, a shopping platform for women in their 40s and 50s; Travel Wallet, a mobile currency exchange service; MarkVision, an AI-based brand protection solution; Boosters, which operates the global K-beauty brand Equalberry; and Doos, which operates the creator commerce platform ZVZO. Base Ventures is considered one of the first investors to participate in these companies' early stages of attracting institutional investment.
What sets Base Ventures apart is that it goes beyond simple financial investment. Its dedicated growth support organization, the "Growth Team," provides close support to the growth of its portfolio companies. Led by CEO Taeyang Lee (former co-founder of Toss), the Growth Team directly assists with practical aspects of startup growth, including marketing, recruiting, and organizational culture. In particular, Growth Partner Kisoo Kim (former Head of Toss Leadership Recruitment) is spearheading talent acquisition and HR system development for domestic and international portfolio companies.
The new fund, "Base Up Tempo Venture Investment Association," focuses on investing in very early-stage startups at the pre-seed and seed stages, regardless of industry or region. The fund then pursues a strategy of making follow-up investments worth billions of won for companies with proven growth potential.
Shin Yoon-ho, CEO of Base Ventures, stated, “We will further strengthen our two pillars of investment and growth support for ultra-early-stage startups,” adding, “We will continue our journey to build great companies alongside entrepreneurs who are realizing their crazy dreams.”
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