# Must Asset Management

> Must Asset Management is a VC fund in Seoul backing SaaS, EdTech and Computer. See 3 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Seoul, South Korea
- Total investments: 3
- Last investment: Jun 2021
- Lead investor: 67%
- Last updated: Aug 2026
- Website: http://www.mustinvestment.com/

Must Asset Management is a VC fund in Seoul focused on SaaS and EdTech. Must Asset Management is focused on hedge fund, discretionary investment, and investment advisory activities.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| SaaS | 1 | 33% |
| EdTech | 1 | 33% |
| Computer | 1 | 33% |
| Internet | 1 | 33% |
| Software | 1 | 33% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 1 | 33% |
| Series B | 1 | 33% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ringle | Ringle is a premium 1:1 online English learning platform that connects top tutors with global employees looking to perfect their English | $18M | Series A | Jun 10, 2021 | https://www.ringleplus.com/ |
| Ringle | Ringle is a premium 1:1 online English learning platform that connects top tutors with global employees looking to perfect their English | $17.7M | Series A | Mar 31, 2021 | https://www.ringleplus.com/ |
| Toss Lab | Toss Lab is a SaaS enterprise software company that provides enterprise messaging and collaboration tools. The company's platform JANDI, a group-oriented messaging platform with an integrated suite of collaboration tools that is tailor-made for workplaces in Asia. It also offers messaging and group chats. The platform serves companies rangingfrom small to mid-sized businesses to large enterprises with thousands of employees.Toss Lab was founded in 2014 and is headquartered in Seoul, South Korea with offices in Taiwan, Dubai, Malaysia, and Japan. | $13M | Series B | Sep 02, 2020 | http://www.jandi.com |

3 of 3 investments shown.

## Co-investors
- [MOCA Ventures](https://shizune.co/investors/profile/moca-ventures) — VC Fund, 2 deals together
- [One-asset management](https://shizune.co/investors/profile/one-asset-management) — VC Fund, 2 deals together
- [Atinum Partners](https://shizune.co/investors/profile/atinum-investment) — VC Fund, 1 deal together
- [Atinum Partners](https://shizune.co/investors/profile/atinum-partners) — VC Fund, 1 deal together
- [Must Asset Management](https://shizune.co/investors/profile/must-asset-management-3ace) — VC Fund, 1 deal together
- [Shinhan Capital](https://shizune.co/investors/profile/shinhan-capital) — VC Fund, 1 deal together

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### Similar industry
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### Similar stage
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### Similar country
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## Featured in investor lists
- [EdTech Investors in South Korea](https://shizune.co/investors/edtech-investors-south-korea)
- [EdTech VC Funds in South Korea](https://shizune.co/investors/edtech-vc-funds-south-korea)

## FAQ

### What does Must Asset Management invest in?

Must Asset Management invests primarily in SaaS, EdTech and Computer startups, most often at Series A and Series B stage. Most of the 3 investments tracked by Shizune back companies in South Korea. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Must Asset Management last invest?

The most recent investment recorded for Must Asset Management closed in Jun 2021. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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