# Korea Development Bank

> Korea Development Bank is a VC fund backing Software. See 150 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Seoul, South Korea
- Total investments: 150
- Last investment: Sep 2025
- Lead investor: 11%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/korea-development-bank/
- Website: https://www.kdb.co.kr
- Facebook: https://www.facebook.com/withkdb/

Korea Development Bank is a VC fund in Seoul focused on Software and Information Technology. The Korea Development Bank (KDB) provides long-term financing for projects designed to assist Koreaâ€:tm:s economic growth and development. It offers equipment capital loans and working capital loans to Korean private enterprises that undertake major industrial projects. The bank also extends guarantees to its clients to facilitate their otherborrowings and to finance major industrial projects. KDB guarantees Won-denominated corporate debentures, local currency loans, and other Won liabilities and foreign currency loans from domestic and overseas Korean financial institutions and from foreign institutions. The bankâ€:tm:s other activities include engagement in a range of industrial development activities, including conducting economic and industrial research; performing engineering surveys; providing business analyses and managerial assistance; and offering trust services. As of June 30, 2007, KDB had 40 local branches, 6 overseas branches, and 2 overseas offices. The bank was founded in 1954 and is headquartered in Seoul, South Korea.

## Contacts

5 contacts available for Korea Development Bank. Shizune tracks 4 team members at Korea Development Bank. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/kdb-industrial-bank?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $1.9M–$23M |
| Series B | $3.8M–$39M |
| Series C | $7.1M–$47M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 23 | 15% |
| Information Technology | 21 | 14% |
| Artificial Intelligence | 20 | 13% |
| E-Commerce | 15 | 10% |
| Health Care | 14 | 9% |

163 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 51 | 34% |
| Series A | 36 | 24% |
| Series C | 25 | 17% |
| Funding Round | 13 | 9% |
| Series D | 7 | 5% |

14 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Korea | 123 | 82% |
| United States | 9 | 6% |
| India | 1 | 1% |
| Australia | 1 | 1% |
| Czech Republic | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Adolfo Abueg | Co-Head of Project Finance, Asia Pacific | 0 | https://shizune.co/investors/profile/adolfo-dindo-abueg |
| Dong-gull Lee | CEO | 1 | https://shizune.co/investors/profile/dong-gull-lee |
| James Ryu | Credit Officer | 1 | https://shizune.co/investors/profile/james-ryu-149c |
| Sung Suh | Team Leader | 0 | https://shizune.co/investors/profile/sung-suh-5821 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yeoshin | Yeoshin is a skin treatment information platform. | $7.2M | Series C | Sep 08, 2025 |  |
| Upstage | Upstage AI develops artificial intelligence technologies focused on large language models and document processing systems designed to support enterprise workflows. Its platform includes tools that convert unstructured data such as PDFs, scans, and emails into structured, machine-readable formats, enabling downstream analysis and automation. Thecompany also provides models like its Solar LLM, which are optimized for tasks such as text generation, information extraction, and question answering within business environments. Its solutions are applied across industries including finance, healthcare, insurance, and manufacturing to handle tasks like document parsing, data extraction, and workflow automation. Additionally, its services can be deployed through APIs, cloud environments, or on-premise systems to integrate with existing enterprise infrastructure. | $44.5M | Series B | Aug 19, 2025 |  |
| Qunova Computing, Inc. | Quantum computing based computing innovations for new materials and drug discovery, and advanced technology solution consulting services. | $10M | Series A | Aug 18, 2025 |  |
| StudioBside | StudioBside is a mobile game developer based in Korea. |  |  | Jul 23, 2025 |  |
| FuriosaAI | FuriosaAI develops system semiconductors optimized for AI, enabling efficient processing of large amounts of data in a short period of time. | $123.1M | Series C | Jul 22, 2025 |  |
| Amogy | Amogy is a company that develops carbon-free energy solutions aimed at decarbonizing hard-to-abate sectors, including maritime, power generation, and heavy industry. Its patented ammonia cracking technology efficiently splits liquid ammonia to generate electrical power in conjunction with hydrogen fuel cells. | $23M | Venture - Series Unknown | Jul 15, 2025 |  |
| Illimis Therapeutics | Illimis Therapeutics is a platform-based biotech company that develops a chimeric fusion protein platform for neurodegenerative diseases. The company's proprietary GAIA (Gas6-mediated Anti-Inflammatory Adaptor) platform is designed to harness the therapeutic potential of TAM (Tyro3, Axl, Mer) receptor biology, a critical pathway involved inregulating inflammation and immune responses. | $41.9M | Series B | Jul 14, 2025 |  |
| Beyond Honeycomb | Beyond Honeycomb is a food-tech company developing an AI-driven kitchen robot solution. Our AI Chef reproduces the texture and taste of the world-class chef’s dish at the molecular level. | $7.3M | Series A | Jul 09, 2025 |  |
| TEN Inc | TEN Inc. provides an MLops platform (AI workload orchestration) for efficient operation of AI infrastructure. | $5.8M | Venture - Series Unknown | May 21, 2025 |  |
| ENERZAi | ENERZAi is an AI technology company that provides MCU, CPU, and application processor services. | $5.5M |  | May 14, 2025 |  |

10 of 150 investments shown.

## Co-investors
- [Korea Development Bank](https://shizune.co/investors/profile/korean-development-bank) — VC Fund, 131 deals together
- [Industrial Bank of Korea](https://shizune.co/investors/profile/industrial-bank-of-korea) — VC Fund, 24 deals together
- [IMM Investment](https://shizune.co/investors/profile/imm-investment) — VC Fund, 14 deals together
- [Shinhan Venture Investment](https://shizune.co/investors/profile/shinhan-venture-investment) — VC Fund, 14 deals together
- [KDB Capital](https://shizune.co/investors/profile/kdb-capital) — VC Fund, 13 deals together
- [DSC Investment](https://shizune.co/investors/profile/dsc-investment) — VC Fund, 12 deals together

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## FAQ

### What does Korea Development Bank invest in?

Korea Development Bank invests primarily in Software, Information Technology and Artificial Intelligence startups, most often at Series B and Series A stage. Most of the 150 investments tracked by Shizune back companies in South Korea. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Korea Development Bank's check size?

Korea Development Bank typically joins rounds of $1.9M–$23M at Series A, $3.8M–$39M at Series B and $7.1M–$47M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Korea Development Bank participates in.

### How do I contact Korea Development Bank?

Public channels for Korea Development Bank include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Korea Development Bank?

The team at Korea Development Bank includes Adolfo Abueg (Co-Head of Project Finance, Asia Pacific), Dong-gull Lee (CEO) and James Ryu (Credit Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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