Participated · Series B · Nov 2023

케어닥 launched in 2018 as an app-based caregiver matching service and has expanded into homecare services, visiting long-term care centers, and senior housing. The company operates a combined care business covering both insured and uninsured services and has surpassed KRW 150 billion in cumulative transaction volume as of November. Its long-term care division recorded a 1,000% revenue increase and turned profitable after 18 months of operation. 케어닥 is rolling out a new residential care product, “케어닥 케어홈,” with a second location opening next month and a plan for 30 facilities by next year. The firm is partnering with multiple construction and development firms (HDC아이앤콘스, 기린종합건설, STS개발) and preparing joint-venture senior-town projects with major corporate shareholders including Lotte Hotel. 케어닥 aims to build a nationwide caregiver supply network and secure up to 20,000 senior housing units by 2030.

Participated · Seed · Aug 2023

SkyCool Systems, based in Mountain View, CA, develops radiative cooling technologies in panel and film form that passively cool surfaces by sending heat to the cold sky. Its panel-based cooling product improves the efficiency of refrigeration and air conditioning systems 24 hours a day. The company is focused on deploying panels with grocery stores, refrigerated warehouses, data centers, and other buildings with persistent cooling loads. Its direct film products are designed to passively cool buildings, shade structures, and transportation systems and are targeted at applications where heat stress threatens lives, including low-income communities and emerging economies. SkyCool intends to use the $5.0M seed funding to scale deployments of its technology. Recent leadership changes include Arjun Saroya as CEO, Eli Goldstein as CTO, and co-founder Aaswath Raman continuing to lead the Technical Advisory Board.

Participated · Series C · Jan 2023

PeopleFund operates a P2P lending marketplace that matches retail borrowers with investors and develops AI-powered risk management and credit-scoring systems. The company plans to use new capital to further advance its AI credit-scoring tech and to launch a B2B service providing customized AI-enabled credit scoring to financial institutions. As of December 2022 PeopleFund reported a loan balance of $264.3 million and total loans deployed of about $1.3 billion, with 20,688 borrowers and 2,943,883 lenders; year-over-year growth in borrowers was 56.7% and lenders 9.6%. The startup has previously raised equity and in 2022 secured $240 million in debt financing from Goldman Sachs, CLSA Lending Ark Asia and Bain Capital. PeopleFund reported it was making a loss and cut about 10% of staff in Q4 2022; it had nearly 150 people as of December 2021. The company was founded in 2015 and is based in Seoul. PeopleFund operates a peer-to-peer lending marketplace that connects near-prime and subprime borrowers with individual and institutional lenders, including through a partnership with Kakao Pay. Its core product is an AI- and machine learning-powered credit-scoring system (CSS 4.0) built on roughly 480,000 registered loan customers to optimize mid-rate loans. The company claims it has managed over $1 billion in loans as of October 2021 with a delinquency rate of 2.06% and average borrower interest rates around 11.25% per annum. Refinancing loans make up about 66% of its total loans, and lenders on the platform target roughly 6%–9% annual returns. PeopleFund says its data-driven underwriting produces a 3%–5% lower loss rate than other non-bank players and it targets Korea’s roughly $67 billion personal credit loans market. The company expects to generate profit in 2022 and plans to expand its AI and alternative-data capabilities to further personalize lending products. PeopleFund, founded in 2015, operates a peer-to-peer lending marketplace that connects borrowers and investors across consumer, SME, and mortgage/property lending. Consumer and personal loans represent around one-quarter of volume, SMEs 17 percent, and the remainder comes from mortgage and property loans including real estate developers. The company has reached about $300 million in loans to date and reported 823% annual growth in 2017, hitting a record monthly origination of roughly $31 million in September. September also saw a shift toward institutional capital, with 69% of loans provided by institutional investors that month. PeopleFund employs about 90 staff and plans to use the new funding to expand headcount—particularly R&D hires—and to further develop its credit-rating model and risk-pricing for loans and mortgages. The business previously raised $5.7 million in June 2017 and counts 500 Startups, Wooshin Venture Investment, D3 Jubilee and DAYLI Financial Group among its investors.

Led · Seed · Jun 2022

Rainfall provides a privacy-by-design, decentralised platform that unlocks financial value in individuals’ digital data while preserving privacy. Its edge-AI generates Real-Time Social IntelligenceTM from millions of data events as they happen. The company announced a technology partnership with CasperLabs and a business partnership with Joy of Mom as part of its commercial rollout. The $1m pre-seed funding will be used to expand partnership programmes, scale the technology platform, and build out the team. Rainfall positions its product to help companies, organisations, and governments better serve customers — including vulnerable groups — by surfacing privacy-preserving insights.

Participated · Series C · Oct 2019

Founded in 2014, True Balance operates an app-based platform that delivers personal loans, bill payments, mobile recharges, and other digital financial services to consumers frequently overlooked by traditional banks. Its lending activities are carried out through its NBFC subsidiary, True Credits Pvt Ltd, enabling the company to underwrite and disburse credit to users with little or no formal credit history. During the current financial year, True Balance has already disbursed more than $30 million in loans, underscoring strong demand for its alternative credit products. Run by Balancehero India, the local arm of South Korea–based Balancehero, the company uses proprietary data and technology to extend credit responsibly to the mass market. Beyond lending, the platform’s payments suite helps customers handle everyday transactions, deepening engagement and data collection. To date, True Balance has attracted approximately $150 million in combined equity and debt financing, including a prior $28 million round led by SoftBank and Daesung Private Equity. With fresh capital now in hand, the firm plans to expand its loan book and roll out additional credit products to reach more underserved borrowers.