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The Venture Codex

LB Investment

13F, 512 Teheran-ro, Gangnam-gu, Seoul, Seoul-t'ukpyolsi, 06179, South Korea

Overview

LB Investment is one of the top VCs in Korea. LB invests in diverse industries ranging from Technology and Contents to Bio and healthcare

Total investments
38
Lead investments
11
Investments · 12mo
8
Active investors
7
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Investment portfolio

  • CarbonSix

    Led · Series A · Jul 2026

    CarbonSix develops deployment-ready robotic intelligence software and hardware, including robotic hands and manipulators, for manufacturing applications. The company emphasizes field reliability and immediate integration into production lines, and reports commercial contracts and scaling revenue as evidence of market traction. Its core business model is a proprietary "data flywheel" where tool usage in factories generates task-specific data that improves its AI models over time. The founding team includes executives and researchers with prior exits and advanced academic credentials, supporting technical and commercial credibility. CarbonSix plans to use its Series A proceeds to hire talent, scale infrastructure, and expand into global markets.

  • THE SMC

    Participated · Equity · Jun 2026

    THE SMC offers brand content and social media marketing services built around its proprietary analytics platform, Lens by The SMC. Lens leverages a database of over 100,000 creator profiles to help optimize brand campaigns and social media engagement. The company emphasizes AI-powered creator marketing across social channels. Founded by Yongtae Kim and based in South Korea, THE SMC recently raised $13 million in a pre-IPO round to fund AI development, overseas expansion, and hiring. The financing positions the company to scale its analytics and creator-matching capabilities as it pursues broader market growth.

  • Nventric

    Participated · Equity · Jun 2026

    Enventric develops vascular medical devices for cerebral infarction treatment, with approved products including the EvoGlide distal access catheter and the ULTRIVA stent retriever. The company reported cumulative revenue of about 6 billion won over the past four years and a compound annual growth rate of 52.9% over that period. Enventric is accelerating R&D and expanding manufacturing capacity following recent regulatory approvals. It is pursuing global market entry and has begun formal IPO preparations on KOSDAQ, appointing Kiwoom Securities as its underwriter. The recent 34.5 billion won pre-IPO equity raise broadens its institutional investor base and includes follow-on participation from several existing investors. Management has stated the capital will be used to bolster R&D, scale manufacturing, and support the company’s listing and international expansion efforts.

  • XCENA(formerly MetisX)

    Participated · Series B · May 2026

    XCENA designs the MX1, a prototype chip that brings compute into the memory module via CXL to process data inside DRAM modules and reduce expensive round trips between CPUs, GPUs, and memory. The company says the approach handles preprocessing, KV cache management, and data caching within memory, potentially shrinking infrastructure needs (claiming workloads that once required 10 servers could run on one). XCENA’s cores are built on RISC-V and the company emphasizes vertical integration, designing its own memory hierarchy, interconnect bus, and DRAM controller. The startup was founded in 2022 by Jin Kim, Dohun Kim, and Harry Juhyun Kim and has offices in Pangyo and Sunnyvale with over 90 staff. XCENA positions itself against rivals like Astera Labs and Marvell and plans mass production at Samsung foundries by the end of 2026 with revenue expected to begin in 2027; to date it has raised $185 million.

  • Whizzo

    Participated · Series A · Jan 2026

    Founded in 2024 by ex-Zetwerk executive Shrestha Kukreja, Whizzo positions itself as India’s first CDMO focused on technical textiles, combining materials research, formulation, prototyping, process engineering and commercial-scale manufacturing under one roof. Its products serve infrastructure, agriculture, protective-wear and other industrial applications, tapping into a global technical-textiles market valued at over $250 billion. The company already partners with more than 120 SME and MSME manufacturers and exports to 15+ countries, with exports contributing roughly 40 % of revenue. Approximately 65 employees work at Whizzo, 10 % of whom specialise in polymer science, process engineering and advanced textiles R&D. With fresh capital, Whizzo intends to deepen its materials-science research, create proprietary IP, and scale supply-chain and R&D capabilities across India, Vietnam, China, Bangladesh and Indonesia. The firm also plans to double its export footprint to 30+ countries within the next 12 months and strengthen its science and engineering team, particularly in non-woven technologies and composites.

Team

  • kiho park

    CEO, President

    LinkedIn
  • Brian Boncheon Koo

    CEO, Vice President

  • Jeong Kyung-in

    General manager

  • Hong Seok Jang

    chief of LB Investment,