Base Ventures, an investment firm specializing in ultra-early-stage startups, and EO (EO Studio), a global entrepreneur incubation platform, announced the formation of a US-based global venture fund, 'Patriot Fund 1'.
This fund aims to invest in startups in fields such as AI and consumer goods that are establishing U.S. corporations and attempting to enter the global market from the early stages of their establishment, supporting the overseas growth of their portfolio companies.
EO and Base Ventures will leverage their accumulated experience and networks to establish a diverse growth support system that connects the Hacker House, a joint venture in San Francisco, EO's startup media and education programs, and Base Ventures' growth team and mother fund. Through this, they will actively support Patriot Fund portfolio companies' growth in the global market.
EO CEO Kim Tae-yong said, “Our goal is to innovate the startup ecosystem that has been successful primarily in the domestic market and expand the global dreams and ambitions of Koreans,” adding, “We hope that investing regardless of Korean citizenship will serve as an opportunity for Korean venture capital to advance globally.”
Shin Yoon-ho, CEO of Base Ventures, stated, “The global market is the perfect environment for Base Ventures to realize its ‘crazy dreams,’ and we have established a new type of fund to support this.”
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