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Smart Korea Naver-Stonebridge Rising Fund operates as an early-stage venture capital fund, strategically deploying capital into promising technology companies. Managed by Stonebridge Capital, the fund focuses on identifying and supporting innovative startups across various high-growth sectors, including artificial intelligence, smart city infrastructure, and advanced manufacturing. Its investment approach prioritizes companies developing solutions aligned with South Korea's strategic "New Growth 4.0" initiatives.
The fund's operational framework stems from Stonebridge Capital, a prominent South Korean investment firm established in 2008, known for its extensive experience in both private equity and venture capital. This specific fund was created in collaboration with Naver, a significant limited partner, reflecting a shared insight into the necessity of fostering domestic technological innovation. The partnership leverages collective expertise to pinpoint and nurture nascent companies capable of shaping future industries.
The fund's primary beneficiaries are early-stage technology companies seeking capital and strategic guidance to scale their operations and accelerate product development. Its overarching vision is to cultivate a robust and dynamic technology ecosystem in South Korea. By investing in these foundational companies, Smart Korea Naver-Stonebridge Rising Fund aims to drive economic advancement and solidify the nation's position in global technology leadership.
Smart Korea Naver-Stonebridge Rising Fund has 1 tracked investment across 1 company. The latest tracked deal is $20.2M Series B in Allganize in December 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 4, 2023 | Allganize | $20.2M Series B | — | Atinum Investment, FuturePlay, Yasuhiko Yurimoto, Shin Young Sung, KB Partners, KDDI, Taejoon Park, LG Uplus, Murex Wave No.3 Fund, SK Telecom, Sumitomo Mitsui Banking Corporation |