Participated · Series B · Aug 2026

aweXome Ray develops membranes made from carbon nanotubes intended for pellicules used in extreme ultraviolet (EUV) lithography. The company owns a patented direct-spinning process for continuous production of CNT membranes and fibers and has opened a clean-room production line in Anyang to produce samples for customer testing. It reports that customer evaluations are underway and expects initial shipments and revenue after those evaluations conclude. The startup has received targeted public and program funding, including a 3.6 billion won Deep Tech Challenge grant and 600 million won from the Unicorn Bridge program, and holds the right to seek up to 20 billion won in technology guarantees. aweXome Ray relocated its headquarters to Jeju Science Park and is preparing for a technology-based listing targeted for 2028.

Participated · Series A · Sep 2025

ASET is a technology-driven startup focused on producing all-solid-state and composite electrolyte membranes that can be used alongside conventional liquid electrolytes, enabling applications from semi-solid-state to fully solid-state batteries. Its separator products aim to deliver higher energy density and enhanced fire safety compared with today’s lithium-ion cells. The company plans to commercialize the technology and convert to mass production, submitting roll-type A-samples to domestic and global battery makers within the year to secure pilot-line and volume contracts. A phased manufacturing roadmap targets capacities of 10 t in 2026, 100 t in 2027, 500 t in 2028, and 1,000 t in 2029. Financially, ASET has just secured ₩3 billion in pre-A bridge funding and previously raised ₩4.1 billion in a pre-A round in October 2022. It also obtained a ₩1 billion government grant through the Ministry of Trade, Industry and Energy’s Climate-Tech Energy program, giving it additional non-dilutive capital for R&D and scaling.

Led · Series A · Sep 2025

Open Rhapsody builds A.drop, an adtech solution whose flagship AdControl product offers first‑party data‑based targeted monetization and automated auction‑based ad optimization for app developers. AdControl reached more than 80 app developers within one year of launch, and the company is recognized by both small‑and‑medium app developers and IT companies. The product reduces the burden of building complex adtech infrastructure by providing automated bidding and monetization tools so developers can focus on service growth and revenue maximization. CEO Kim Yu‑shin says the company’s next challenge is popularizing ad optimization engines and making technologies that previously required PhD‑level engineering accessible to all. Open Rhapsody emphasizes enabling ad operations teams to create custom engines in natural language and implement unique monetization strategies without development knowledge. The company recently secured outside capital to support these efforts.

Participated · Series A · Dec 2021

Allo provides a whiteboard-based virtual workspace that enables teams to collaborate visually in real time for meetings, brainstorming, knowledge sharing, project management and documentation. The product targets remote and hybrid work, virtual education practitioners and online meeting facilitators. Founded in 2014, the company shifted focus in 2020 after completing Alchemist Accelerator’s program to prioritize support for distributed work and online learning. Allo is used by enterprise customers worldwide to bring context to online collaboration as if teams were working side-by-side. The company raised $5M in a Pre‑Series A financing and plans to use the funds to expand its collaborative whiteboard solutions and grow go-to-market and product development teams globally. Management intends to double the company's headcount by the end of next year.

Led · Series B · Nov 2021

FunNow is an instant-booking app for spontaneous users to reserve last-minute activities and services such as restaurants, manicures, haircuts, massages, and short hotel stays. The Taipei-based startup operates in Taiwan (its biggest market), Hong Kong, Japan and Malaysia and maintains local teams in some markets. During the COVID-19 pandemic FunNow adapted its product by adding takeaway bookings and daytime hotel options (four, six or 12-hour stays), and it expanded Malaysian operations via the acquisition of Kuala Lumpur-based TABLEAPP. Revenue in Taiwan declined sharply during lockdowns but has recovered to about 80% of pre-pandemic performance. FunNow plans to add more categories (night clubs, karaoke bars, catering) and enter new countries, including Thailand and Singapore. The company emphasizes daily-life, instant reservations to differentiate from travel-focused competitors that have shifted into staycation and local booking markets. FunNow operates an instant-booking platform focused on locals rather than tourists, offering last-minute hotel rooms, restaurants, massages, spa services and events. The company says it has 500,000 members, 3,000 vendors and over 20,000 activities and services available daily. User engagement metrics are high: 70% of monthly GMV comes from repeat customers, about 60% of people make another booking within 30 days, and roughly 80% of bookings are for the next hour. FunNow uses a patented algorithm to show real-time availability (search results update in under 0.1 seconds) and syncs with merchant databases to prevent overbooking. The platform screens vendors and will delist businesses that rate below 3.5 stars. FunNow launched in November 2015 and plans expansion into Southeast Asian and Japanese cities including Hong Kong, Okinawa, Kuala Lumpur, Bangkok, Osaka and Tokyo, and expects revenue of $16 million in 2018 (three times 2017).