Infobank has emerged as a major operator in the domestic accelerator market based on its expertise in investing in innovative technologies such as AI, bio, healthcare, and small business.
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 will hold a general meeting to establish the 'Startup Korea IB Ultra-Gap Fund' and create a fund worth 19.05 billion won.
The main investment targets are startups in 10 ultra-gap technology fields such as artificial intelligence, big data, robots, and future mobility, and Infobank, Korea Mother Fund, Viva Republica Co., Ltd., Daeyang Electric Co., Ltd., APM Technologies Co., Ltd., Double Capital Co., Ltd., and Riverstone Asset Management Co., Ltd. are participating as major investors.
Through the formation of this fund, we aim to leap forward as a public-private joint venture investment platform, and plan to establish a systematic and solid system for investment, acceleration, incubation, scale-up, and investment recovery for companies in ultra-gap technology fields.
Infobank has been focusing on discovering and investing in unicorn companies and has been investing heavily in startups in various innovative technology fields through the operation of a total of 23 combinations. In particular, it plans to implement differentiated investment strategies based on the investment know-how accumulated in the fields of artificial intelligence, big data, robots, future mobility, and bio and health.
With the formation of the 'Startup Korea IB Super Gap Fund', Infobank's total asset management (AUM) has reached KRW 110 billion, and it has established itself as a TIPS operator that is attracting attention in the domestic accelerator market. This is the result of recognition of the investment capabilities and expertise it has accumulated over the years, and its in-depth investment experience in the field of innovative technologies is evaluated as a major achievement.
In addition, as we have been selected as the operator of the 25-year Scale-up Tips, we plan to strengthen our support capabilities for technology growth companies. This is expected to be an opportunity for Infobank to play a more important role in the innovative startup ecosystem.
“Despite the uncertainty of the global financial environment, this fund will contribute to the revitalization and recovery of the domestic venture investment ecosystem,” said Hong Jong-cheol, CEO of iExcel, the investment division of Infobank. “We will quickly discover and invest in excellent startups to overcome the crisis in the venture investment market together and support sustainable growth.”
Meanwhile, Infobank was officially selected as the operator (GP) of the Startup Korea Fund, a government-led private joint venture investment platform, in the first year of its launch as an early-stage investment accelerator.
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