Top 10 InsurTech VC Funds in South Korea
A list of 10 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 VC Funds in South Korea
Investor | InsurTech South Korea investments |
---|---|
Seoul Business Agency(SBA) | 1 |
IBK Capital | 1 |
KB Securities | 1 |
KONA I Partners | 1 |
SK Securities | 1 |
SJ Investment Partners | 1 |
TS Investment | 1 |
Lotte Ventures | 1 |
Korea Credit Guarantee Fund | 1 |
PIA Investment Management | 1 |
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.
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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.
IBK Capital has established an enviable track record as an independent Canadian investment banking firm.
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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.
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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.
KONA I Partners is an investment firm.
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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.
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.
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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.
SJ Investment Partners is a venture capital firm that invests in the IT and biotechnology industries.
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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.
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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.
Lotte Ventures is a venture capital firm that is based in South Korea.
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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.
Korea Credit Guarantee Fund operates as a public financial institution.
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Investment focus
- Artificial Intelligence, Information Technology, Software
- Seed, Series A, Funding Round
- South Korea, United States
Portfolio highlights
- Suppor-T — Suppor-T is an entrepreneur-focused growth management tool
- Bungee — Bungee is a recruitment platform that provides hiring, SEO, content marketing, and performance marketing services.
- Pion Electric — Pion Electric is a company that is reimagining the future of the energy industry and the worldwide market for emerging technologies.
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.
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Investment focus
- InsurTech, FinTech, Genetics
- Series A, Series B
- South Korea, United States
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.
- Genoplan — Genoplan is committed to improving lives by making genetic information accessible to all.
Investors by industry
Health Care
Biotech
Community
Marketplace
FinTech
Impact
Proptech
Media (entertainment)
EdTech
Consumer
Climate
Energy
Hardware
Gaming
Artificial intelligence
Sustainability
Agriculture (agtech)
Venture Capital
Restaurants
Publishing
Beauty
Oil and Gas
Web3
Video Games
Food and Beverage
Clean Energy
Real Estate
Infrastructure
Big Data
Organic Food
Photography
Fashion
Education
B2B
Renewable Energy
Payments
Financial Services
Sporting Goods
Finance
Retail
Medical
Email
Wellness
Social Media
Music
Franchise
Celebrity
Android
Internet
Legal
Google
eSports
Recruiting
Construction
Platforms
Local
Travel
Mobile
Fitness
Mobile Advertising
Enterprise Software
Cannabis
Sports
Biotechnology
Hospitality
Social Network
Automotive
Crowdfunding
Manufacturing
Wine And Spirits
Medical Device
Digital Media
Social
CleanTech
Facebook
Art
Transportation
Mobile Apps
Social Impact
InsurTech
Enterprise
LGBT
Film
Life Science
Theatre
Software
Non Profit
SaaS
Cryptocurrency
Blockchain
Investors by country
Canada
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South Korea
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United States
India
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Oceania
Armenia
China
Europe
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LATAM
Middle East
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Qatar
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Norway
Peru
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Panama
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Mexico
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Slovenia
Russian Federation
Rwanda
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Togo
Taiwan
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Turkey
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Poland
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Zimbabwe
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Venezuela
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Puerto Rico
Portugal
Sweden
El Salvador
Nigeria
Bahamas
Azerbaijan
Iraq
Iceland
Namibia
United Arab Emirates
Honduras
Isle of Man
Bolivia
Luxembourg
Pakistan
Albania
Austria
Argentina
Bangladesh
Grenada
Jordan
Romania
Cyprus
Latvia
Oman
Colombia
Switzerland
Guatemala
Marshall Islands
VC Funds in South Korea by industry
Enterprise
Health Care
Climate
EdTech
Clean Energy
Impact
SaaS
Marketplace
Artificial intelligence
Hardware
Agriculture (agtech)
Media (entertainment)
Gaming
Community
Energy
Venture Capital
Restaurants
Real Estate
Beauty
Legal
Mobile Apps
Web3
Financial Services
Crowdfunding
Life Science
Big Data
Film
Cryptocurrency
Payments
Wine And Spirits
Finance
Food and Beverage
Video Games
Medical
Organic Food
Wellness
CleanTech
Medical Device
Proptech
Internet
Social Media
Social Network
Art
Manufacturing
Digital Media
Mobile
Android
Blockchain
Construction
Sports
Software
Enterprise Software
eSports
Fitness
Hospitality
Automotive
Travel
InsurTech
Recruiting
Platforms
Music
Retail
Biotechnology
Social
Fashion
B2B
Publishing
Photography
Renewable Energy
Education
FinTech
Transportation
Consumer
Biotech
Sustainability