Top 10 InsurTech Startup Investors in South Korea

Last updated: Apr 2024 A list of 10 angel investors and VC funds that invest in Insurtech startups based in South korea. We rank investors based on the number of investments they made in Insurtech companies from South korea. We update this investor list every month.

Top 10 InsurTech Startup Investors in South Korea

Investor	InsurTech South Korea investments
Seoul Business Agency(SBA)	1
SK Securities	1
Lotte Ventures	1
KONA I Partners	1
IBK Capital	1
KB Securities	1
SJ Investment Partners	1
TS Investment	1
PIA Investment Management	1
Korea Credit Guarantee Fund	1

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Investor list

Seoul Business Agency (서울산업통상진흥원) is a Koran startup providing support services for small businesses to increase their efficiency and foster a stable business. The company provides support in the areas of technology, management, human resources, and more.

Investment focus

Health Care, E-Commerce, Biotechnology
Seed, Series A, Pre-Seed
South Korea

Portfolio highlights

Dot Mill — Dot Mill is a mixed reality content production company.
Foody Worm — Foody Worm is an insect research company that practices and develops ESG and sustainability management through insects.
Works Mate — Works Mate is a job search matching platform for daily workers in the field of construction and architecture sectors.

SK Securities is a South Korea-based financial service provider that specializes in the securities market. It primarily engaged in securities brokerage, dealing and underwriting businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges, and financial derivative products. The company also involves in theinvestment banking business, which provides acquisition, project financing services, and wealth management services.SK Securities was founded in 1955.

Investment focus

Apps, Marketing, Financial Services
Series A, Series B, Funding Round
South Korea, United States, Singapore

Portfolio highlights

Rovigos — Rovigos analyzes data from your whole business to help you make better forecasts and choices.
Easy Charger — Easy Charger provides EV infrastructure, electric two-wheeled vehicle battery station, solar power, and platform development services.
Travel Wallet — Travel Wallet is a foreign currency payment service that uses the Travel Wallet application. The travel Pay card is free of charge for overseas payments. The payments are overseas direct purchases and overseas payments without commission. The license for small overseas remittance businesses and electronic financial businesses by meeting variouscomputer facilities and all requirements. The platform agreement with banks.

Lotte Ventures is a venture capital firm that is based in South Korea.

Investment focus

Software, Information Technology, Manufacturing
Seed, Funding Round, Series A
South Korea, United States, China

Portfolio highlights

Sugarblade — Sugarblade is a non-destructive test-based used golf goods certification and trading platform.
Space Vision — Space Vision is an artificial intelligence-powered digital advertising platform.
City Storage — City Storage is a side dish platform that produces and sells salads, soups, and pickles.

KONA I Partners is an investment firm.

Investment focus

FinTech, InsurTech, Insurance
Series A
South Korea

Portfolio highlights

BOMAPP — Bomapp Inc., the most funded South Korean Insurtech is the developer and operator of Bomapp app, an integrated mobile insurance manager. The company aims to provide new value and experience of insurance via simple and easy to use insurance service powered by IT and data.Bomapp’s iconic service, “Bomapp Coverage Fitting” empowers insuranceconsumers by providing better information through personalized coverage report in a simple and easy manner.The app also offers helpful features including “Current Policy Lookup”, “Easy Claim”, “Insurance Gift”, and “Complimentary Public Insurance Lookup”, to make insurance more engaging to a broader audience. As of July 2020, Bomapp app marked 2.2M downloads with 1.7M signed-up users.Along with its B2C line of business, Bomapp is also innovating B2B and B2B2C insurance territory by catering to emerging insurance needs of SMEs and platform service providers.The company plans to further enhance its digital insurance experience to make everything—from comparing to applying—truly digital via personalized coverage with more reasonable premium.

IBK Capital has established an enviable track record as an independent Canadian investment banking firm.

Investment focus

Health Care, Travel, Software
Series A, Series B, Series C
South Korea, United Kingdom

Portfolio highlights

GGQ — GGQ platform helps gamers with in-depth personalization and reports to maximize potential.
MetaFines — MetaFines is researching and developing anti-cancer drugs using cancer metabolism.
SeaVantage — Ocean Freight Tracking - Transform your ocean shipping with a real-time ocean freight visibility platform, end-to-end cargo tracking, document management, collaboration and more. SeaVantage provides ocean shipping visibility solutions helping supply chain professionals proactively manage disruptions

KB Securities is a Financial Services company.

Investment focus

Software, Health Care, Biotechnology
Series B, Series A, Funding Round
South Korea, United States, China

Portfolio highlights

Dencom — Dencom is an IT company that creates dental platforms for medical services.
JLT — JLT supplies industrial automation equipment solutions and focuses on technology improvement through an integrated welding solution development project.
Rebellions.ai — AI chip architects are often inattentive to advanced deep learning features and requirements because they believe software stacks between their silicon and algorithms can provide effective abstract layers. We disagree. We do not think such naively designed chips can efficiently utilize expensive custom silicon resources. The more native hardwaresupports are enabled, the higher performance is achieved.Rebellions Inc is building genuine AI accelerators by bi-directionally bridging the gap between underlying silicon architectures and deep learning algorithms. We push algorithm boundaries to better exploit silicon budgets, while re-architecting AI processors to incorporate sophisticated deep learning features through silicon-dedicated DL kernels.Our goal is to deliver a domain-specific AI processor along with its optimized software. This approach, together with our unique decentralized programming model, will enable customers to arm with the most powerful yet energy-efficient AI hardware as well as seamless integration.

SJ Investment Partners is a venture capital firm that invests in the IT and biotechnology industries.

Investment focus

Biotechnology, Manufacturing, Health Care
Series A, Series B, Seed
South Korea, Hong Kong

Portfolio highlights

MEZOO — Mezoo Co., Ltd.
Plcoskin — Plcoskin is a MedTech company specializing in reconstructive plastic surgery and regenerative skincare. They have developed a scaffold that removes the need for cadaver-sourced material used in breast reconstruction surgery, making procedures safer and cheaper. Plcoskin’s scaffolds are made with synthetic PCL, a biodegradable material that iscommonly used to create surgical sutures. Unlike competitors' products that remain in the body for a lifetime, Plcoskin’s PCL scaffolds are absorbed and replaced with the recipient’s own natural tissues, minimizing the possibility of long-term side effects. As they do not contain any dangerous chemicals, they are also 50% safer than cadaver-sourced scaffolds.Costs for reconstructive breast surgery are brought down by 40% to only $3 thousand per breast. Furthermore, much less handling time is required, reducing average surgery durations from an hour and a half to only 30 minutes. The mesh design of the scaffolds mitigates the need for an additional follow-up reconstructive surgery, something that is common when using cadaver-sourced scaffolds.Plcoskin has also developed Youlief, a cosmeceutical product & therapeutic device pipeline that helps fund R&D for their medical devices. Youlief is available in the US, Europe, Taiwan, Singapore and Japan.
Vetching — Vetching started with the meaning of matching veterinarians and veterinary hospital customers by combining veterinarian and matching.

TS Investment is an Investment firm specializing in engineering, real estate, and food and beverage through various group companies. They identifying, analyzing, and developing real opportunities across multiple disciplines. The firm aims to become a top tier diversified holding company offering its subsidiaries the necessary financial,operational, and managerial support to ensure each transcends its customer’s expectations, meets its employees' contentment, and exceeds its responsibilities to its stakeholders.

Investment focus

Biotechnology, Health Care, Financial Services
Series B, Series A, Seed
South Korea, India

Portfolio highlights

OpenPlan — OpenPlan develops an online platform that offers mini insurance packages. It offers insurance premiums for various types of daily activity. OpenPlan was founded in 2019 and is based in Seoul, South Korea.
Glow Seoul — Glow Seoul is a creative consulting company that specializes in content development, space design, and construction for clients.
Uneedcomms — We create communication between the shopping mall and customers. We offer mobile shopping malls, dynamic advertising systems, message automation solutions and global image hosting services based on advanced technology. Uneedcomms is moving toward the next generation of marketing that the global E-Commerce market needs with the power of software.

PIA Investment Management was founded as investment management firm specializing in alternative investment. PIA IM has continued to engage in a wide array of investments ranging from real estate, energy infrastructure and private equity through strong overseas partners with excellent connectivity to their respective local markets.Building onexpertise sharpened through the successful real estate development and NPL investment track record of PIA, we strive to provide stable returns for our clients.