Even in the midst of the investment cold spell, iExcel stood out through active investment and successful recovery, and also achieved outstanding results in operating government support programs.
iAccel, the investment division of Infobank Co., Ltd. (CEO Taehyung Park) , a provider of AI solutions such as AI Contact Center (AICC), AI-based messaging service, and autonomous driving service, announced that it has disclosed its annual investment performance and achievements for 2024.
Even in the harsh investment climate, iExcel has stood out with active investment and successful recovery, including ▲83 new investments in 2024 ▲total investment of KRW 20.9 billion ▲new fund formation of KRW 14.4 billion ▲selection of 60 TIPS teams (including 7 deep-tech TIPS, cumulative 223) ▲selection of scale-up TIPS operators ▲conclusion of global partnerships, and has also achieved outstanding results in operating government support programs.
Even in the cold investment season, the company invested a total of 20.9 billion won in 83 companies, significantly expanding the investment scale compared to the previous year. In particular, it recovered a total of 8.9 billion won from 6 companies, recording a high return rate of 17 times the investment. This is evaluated as the result of iExcel’s excellent company selection ability and systematic nurturing program.
In particular, in recognition of its outstanding performance as a TIPS operator, it received the Minister of SMEs and Startups Award at the '2024 TIPS Program Merit Award'. This is the result of proving its operational capabilities by obtaining an A grade in the annual evaluation of operators for three consecutive years since 2021 and achieving more than 30% of recommendations for companies located outside the metropolitan area.
In 2024, it was selected as a Scale-Up Tips operator and established a comprehensive support system covering from the preliminary startup stage (Pre-Tips) to the scale-up stage (Scale-Up Tips).
In addition, to expand global partnerships, we are working with Plug and Play to carry out the '2024 K-Global InnoVista' accelerating project and are actively supporting the overseas expansion of domestic startups by signing MOUs with local investment companies in Japan and Singapore.
In addition, a new fund worth 14.4 billion won was formed to expand the investment area to future environmental industry, beauty tech industry, etc., and balanced investments were made in various sectors such as materials, parts, equipment, mobility, AI/Big Data, bio, and healthcare.
“Based on the excellent performance in 2024, in 2025, we will focus on the growth of technology-based startups and strengthening their global competitiveness through more strategic investment and support,” said Hong Jong-cheol, CEO of iExcel, the investment division of Infobank. “In particular, we plan to secure future growth engines by expanding investment in deep tech and the environment and energy sectors.”
Based on these achievements, iExcel plans to further strengthen its role as a key player in the Korean startup ecosystem in 2025.
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