Southeast Region Specialized Accelerator Series Ventures has been selected as an excellent accelerator by the Ministry of SMEs and Startups in 2024 and continues to play a leading role in the growth of the local startup ecosystem. It invests in early-stage startups, operates customized acceleration programs, and discovers innovative companies in various industries, thereby revitalizing the local economy.
By investing a total of 8.6 billion won in 27 companies over the year, the company recorded its best performance ever, and the cumulative investment performance was 21.1 billion won in 63 companies, with over 90% of the invested companies being startups in the Southeast region. Through this, it has established itself as a solid running mate in the local startup ecosystem and is supporting continuous growth and innovation.
The total equity value, which was approximately KRW 21 billion at the time of investment, has more than doubled to approximately KRW 42.5 billion, and the companies that have recovered are continuing to successfully recover their investments, recording an average return of 3.4 times.
In addition, the 'Lycon Startup Investment Association (KRW 3 billion)' and 'Busan Regional Innovation TVS Investment Association No. 1 (KRW 6 billion)' were additionally formed as a result of selection for the Korea Venture Investment Investment Project. Through this, the size of the assets under management (AUM) was expanded to approximately KRW 38 billion, once again proving Series Ventures' fund management capabilities.
Series Ventures, the only TIPS and LIPS operator in the Southeast region, has produced a total of 12 TIPS-selected companies in 2024 and provided a total of KRW 6 billion to technology-based startups. In addition, through the LIPS entrepreneurship program, it has provided a total of KRW 2.4 billion in loan matching to five companies and has been selected as an excellent operator.
In particular, based on these experiences and achievements, we will launch the first startup co-working space in the Southeast region, 'Series X', in 2024, and through this, we will collaborate with various startup ecosystem players such as startup organizations, investment companies, and startups, and spur the creation of regional customized clusters. Based on these activities, we plan to increase the sustainability of the local startup ecosystem and establish it as a center for cooperation and innovation.
- See more related articles
You must be logged in to post a comment.