Participated · Series A · Mar 2026

Founded in 2018, Scone develops and operates virtual intellectual property by combining in-house 3D motion-capture technology with live-streaming production tools. The company has launched roughly 40 virtual characters, including the VTuber group “Meechu,” giving it one of the largest virtual character portfolios in Korea. Scone’s model allows human artists to co-create content while the company centrally manages the IP, generating revenue through live donations, merchandise, advertising, and secondary content adaptations. In 2024, revenue from its virtual IP division grew more than four-fold year over year. With fresh capital, Scone plans to extend its IP into games, web novels, webtoons, AI chatbots, and trading card games while also pursuing virtual IP partnerships in Japan, China, and Taiwan. Ongoing collaborations with past strategic investors Naver D2SF and SM Culture Partners are expected to accelerate these initiatives. The company positions itself as a platform enabling creators in overlooked sectors to establish new stages through virtual technology.

Participated · Series A · Jan 2026

Founded in 2021, Coxwave’s core product, Align, is a data-driven platform that tracks real-time user behavior and quantitatively evaluates conversational AI services, helping companies improve satisfaction and reliability. The company complements this with AI transformation (AX) consulting across sectors such as ed-tech, AICC, and finance. Align’s roadmap includes an “AI Guardrail” feature that will monitor agent actions and enable instant mitigation of issues. Coxwave has already collaborated with global tech leaders Anthropic, OpenAI, and NVIDIA, and it was selected for the Korean government’s Scale-up TIPS R&D program in December 2023. Its AX arm has executed projects for PwC India, Meta, Microsoft, and more than ten other clients. Additionally, the firm released EduTap, a B2B AI education solution now used by FastCampus, Hackers, and other ed-tech companies. To date, Coxwave has raised a cumulative ₩12.5 billion to fuel product development and market expansion.