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The Venture Codex

Dunamu & Partners

5th floor Mirim Tower 14 Teheran-ro 4-gil Gangnam-gu, Seoul, South Korea

Overview

Dunamu & Partners is the professional investment arm of Dunamu, South Korea's leading fintech company which operates Upbit, Stockplus and Stockplus Unlisted. Dunamu & Partners primarily invests in the fintech, blockchain and AI/data/contents sector. Its investments are agnostic to industry, geography and size.

Total investments
13
Lead investments
4
Investments · 12mo
2
Active investors
4

Sector focus

  • FinTech
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Investment portfolio

  • Inocras

    Participated · Series B · Aug 2026

    Inocras develops whole-genome sequencing and proprietary bioinformatics solutions to translate comprehensive genomic data into curated, clinically actionable insights. Its oncology offerings include CancerVision™ for comprehensive tumor profiling and MRDVision™ for molecular residual disease detection, with automated interpretation capabilities. The company operates a CLIA/CAP-certified laboratory and reports real-world clinical adoption across Asia, with its solutions used by more than 100 cancer institutions and in thousands of patient cases. Inocras has established a significant commercial presence in Hong Kong and supports approximately thirty hospitals in South Korea. The company has collaborated with researchers at the Broad Institute to analyze whole-genome data from The Cancer Genome Atlas, informing broader use of standardized whole-genome analysis. The recent fundraise brought total funding to approximately $100 million to support further commercial expansion, particularly into the United States.

  • Nitra

    Participated · Series B · Mar 2026

    Nitra embeds AI agents into core business functions—payments, procurement, inventory management, scheduling, and insurance verification—giving medical practices a single system to run their back office. Its financial suite includes a Visa-powered expense card, bill pay, patient payment processing, and AI-driven accounting, while its commerce marketplace connects users to thousands of biopharma and medical-supply products through partners like McKesson and Medline. Recently the company added a voice-AI patient management module that handles appointment scheduling and insurance eligibility checks. In 2025 the platform’s annualized revenue jumped from $4 million to more than $33 million on 740 percent growth, and it surpassed $1 billion in annualized processing volume across thousands of doctors in over 700 clinics. December 2025 saw a single-day record of roughly $9 million in purchases. Management expects to serve 3,000+ clinics, top $150 million in annualized revenue, and exceed $4 billion in processing volume during 2026. Founded in 2024 by CEO Tim Hwang and President Jonathan Chen, Nitra plans to expand headcount from about 50 to over 200 and roll out new AI modules for revenue-cycle management, patient marketing, payroll, and staffing.

  • Keye

    Participated · Seed · Jul 2025

    Keye launched from stealth on July 29, 2025 with a platform that transforms raw deal files into structured, investor‑ready insights tailored to private equity workflows. Built by former investors, the product performs quantitative analyses, mirrors top deal‑team workflows, and delivers audit‑ready, Excel‑ready outputs. Keye emphasizes accuracy and claims zero errors or hallucinations, converting tasks that took days into minutes. Core capabilities include VDR scanning and data extraction, hidden‑risk flagging, cohort and retention analysis, dynamic Excel model exports, source attribution for every data point, conversational edits, and cross‑deal benchmarking. The company said the funding will accelerate hiring of engineers and private‑equity domain experts and expand analytical coverage across more verticals and the broader M&A community. Financially, Keye announced a $5 million Seed financing to support product and team expansion.

  • CLASSUM

    Led · Series B · Oct 2022

    Classum provides a Software-as-a-Service interactive learning platform designed for corporations and universities to maximize communication and engagement. The platform supports social media-style communication features and selective anonymity to lower barriers in Q&As and knowledge sharing. It also uses AI to curate FAQs and deliver data-driven insights into the dynamics of each learning environment. Founded in 2018 and led by CEO Youjin Choi, Classum is used by more than 6,000 organizations across 32 countries, including Seoul National University, KAIST, Yonsei University, Samsung Electronics, LG Academy, Prudential, Shiseido and World Vision. The company raised $11M in Pre-Series B funding and intends to use the proceeds to attract talent and scale its presence across additional key geographies.

  • AmazeVR

    Participated · Equity · Jan 2022

    AmazeVR builds immersive VR concerts and a music-focused metaverse service distributed across major VR app stores and next‑generation headsets. The company produces commercial VR concerts (including a U.S. tour with Megan Thee Stallion) and is expanding partnerships with artists, labels, agencies and publishers. AmazeVR has a joint venture with SM Entertainment to launch Studio A in South Korea and plans to produce concerts with K‑pop artists. The startup intends to hire AI, Unreal Engine and VFX engineers to advance its technology and broaden content. It reported about 75% attendance on its Enter Thee Hottieverse tour (roughly 4.3x typical theater occupancy) with $20–$25 ticket prices. The company is headquartered in Los Angeles with offices in Seoul and a team of 62. Its recent financing activity has brought total funding to approximately $47.8 million. AmazeVR builds VR concert experiences and content-generation tools that let users attend immersive concerts as avatars and interact with other fans. The company has developed proprietary 9K cameras and software that automate complex Unreal Engine–based VFX and can run more than 100 headsets simultaneously. AmazeVR is rolling out its first commercial VR concert with Megan Thee Stallion in select AMC Theatres and has secured a second A-list artist while finalizing a third. The startup plans to scale content creation and release new VR concerts weekly by 2024 to both in-theater and at-home audiences. Leadership says the company pivoted fully into VR concerts in late 2019 and has grown its team from 12 employees at the start of 2021 to 41 across Hollywood and Seoul. AmazeVR intends to use the new capital to hire additional headcount as it pursues broader adoption of VR and metaverse experiences. AmazeVR is a virtual concert platform that creates high-quality VR music content and enables artists to connect with fans through immersive technologies. It offers an end-to-end solution—from ultra-high-resolution custom cameras to cloud-based creation tools and social interaction features that let users experience concerts as avatars. Founded in 2015 and based in Los Angeles, CA, the company produced a debut immersive concert with Roc Nation duo Ceraadi and has several other concerts in the works. AmazeVR raised $9.5M in a funding round led by Murex Partners. The round included participation from We Ventures, Bass Investment, Dunamu & Partners and existing investors Mirae Asset Venture Investment, Mirae Asset Capital, Partners Investment and Timewise Investment. The company intends to use the funds to expand operations and broaden its business reach. AmazeVR produces and distributes immersive virtual-reality entertainment content and is moving into location-based experiences. The company has opened an 11,000-square-foot entertainment hub at Incheon International Airport that mixes meditation and relaxation VR videos, a performance stage for immersive musical performances, and an indoor playground. AmazeVR has partnerships with immersive studios Atlas V and Felix & Paul Studios and says it aims to broaden distribution offline to accelerate consumer VR adoption. The company launched last May with backing from Korean hardware manufacturer LG and leverages entertainment industry connections to develop unique VR experiences. Financially, AmazeVR recently secured an additional $2.5 million commitment, bringing its total funding to around $9 million. AmazeVR operates a cloud-based VR content and production platform that stitches 360-degree video, provides editing and production tools for creators, and builds its own cameras for capture. The company sells VR content via a subscription priced at $7 per month (three-month bundles $18, six-month bundles $24) and has more than 1,000 subscribers. AmazeVR already offers about 20 interactive VR experiences and shares revenue from subscriptions and individual downloads with video creators. The company is partnering with LG U+ to host content and use AmazeVR’s proprietary tools to produce and roll out up to 1,500 new VR experiences on LG’s service. Founding executives are former Kakao leaders (JB Lee, Steve Lee, Jeremy Nam, and Steve Koo) and the team is active in Los Angeles to connect with talent for additional productions. Strategic backing from LG Technology Ventures and others underpins the company’s push to scale its content library and consumer adoption.

Team

  • Steven Koo

    Co-Founder

  • Jeremy Nam

    Co-Founder

  • JB Lee

    Co-Founder

  • Steve Lee

    Founder