InfoBank held a formation general meeting for the 'Startup Korea IB Super Gap Fund' and announced the establishment of a fund worth 19 billion won on the 26th.
The main investment targets are startups in the top 10 super gap technology fields, including AI, big data, robotics, and future mobility. Major investors participating include InfoBank, Korea Fund of Funds, Viva Republica, DAEYANG Electric, APM Technologies, Double Capital, and Riverstone Asset Management.
InfoBank is a solutions company that provides AI-based messaging, autonomous driving services, and more. Through its investment division 'iAccel', it engages in startup investments, accelerating, and fund management business.
InfoBank aims to step up as a public-private joint venture investment platform through the establishment of this fund, planning to build a systematic and robust system for investments, accelerating, nurturing, scale-ups, and exits for companies in super gap technology fields.
InfoBank has focused on discovering and investing in unicorn companies, concentrating its investments in various innovative technology fields through the management of a total of 23 funds. Based on the accumulated investment know-how in AI, big data, robotics, future mobility, and bio-health sectors, it plans to implement a differentiated investment strategy.
With the formation of the 'Startup Korea IB Super Gap Fund', InfoBank's total asset under management (AUM) has reached 110 billion won, establishing itself as a notable operator in the domestic accelerator market as TIPS. Furthermore, as InfoBank is selected as a scale-up TIPS operator in 2025, it plans to enhance its support capabilities for technology growth companies. This is expected to act as an opportunity for InfoBank to play an even more significant role in the innovative startup ecosystem.
Hong Jong-cheol, CEO of InfoBank iAccel, said, "Despite the uncertainties in the global financial environment, this fund will contribute to revitalizing the domestic venture investment ecosystem. We will quickly discover and invest in excellent startups to overcome the crisis in the venture investment market together and support sustainable growth."