Albatross Investment , a subsidiary of Plantinet, announced on the 7th that it was finally selected as the artificial intelligence (AI) sector consignment operator (GP) for the Korea Mother Fund investment project hosted by the Ministry of Science and ICT.
The Korea Mother Fund is a policy fund for fostering small and medium-sized venture companies, and is operated by selecting specialized management companies in each field and investing in venture funds. There was a competition rate of 15:2 for the selection of the AI sector management company, and Albatross Investment was finally selected based on its high performance and management capabilities.
Albatross Investment has accumulated numerous achievements in deep tech and AI-related investments. Last year, it successfully recovered its investment in the wearable robot company ‘Angel Robotics’ (exit), and was recognized for its excellent management performance, such as recording an internal rate of return (IRR) of 25.3% in ‘Albatross Future Korea Investment Association’, which was liquidated in March.
In the future, Albatross Investment plans to make strategic investments covering the entire AI value chain, including semiconductors, healthcare, and mobility. The size of the AI fund to be formed this time is approximately 30 billion won, and the composition of the fund is scheduled to be completed by August after institutional investor review. The fund period is 8 years, and the investment period is 4 years.
Plantinet, the largest shareholder of Albatross Investment, is a company specializing in harmful content blocking and cybersecurity, and is also focusing on improving services based on artificial intelligence technology.
A Plantinet official said, “Through this K-AI fund participation, we plan to support the discovery and growth of promising AI companies,” and “We will create synergy by strengthening collaboration with Albatross Investment based on our own technologies such as image AI and metadata analysis.”
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