# Square Ventures

> Square Ventures is a VC fund backing Biotechnology, Retail and Software. See 12 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 12
- Last investment: Aug 2025
- Lead investor: 0%
- Last updated: Aug 2026

Square Ventures is a VC fund focused on Biotechnology and Retail. Square Ventures operates as a venture capital firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 3 | 25% |
| Retail | 2 | 17% |
| Software | 2 | 17% |
| Wholesale | 2 | 17% |
| Health Care | 2 | 17% |

34 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 25% |
| Seed | 2 | 17% |
| Series B | 2 | 17% |
| Angel | 1 | 8% |
| Series C | 1 | 8% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Korea | 10 | 83% |
| Japan | 1 | 8% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| MBD | MBD is a biotechnology company that specializes in 3D cell culture platforms. | $11.9M | Series C | Aug 14, 2025 | https://www.mbdbiotech.com |
| ONDA | ONDA is a leading hospitality technology company that provides innovative solutions to the hotel industry. With a focus on room distribution and solutions, ONDA's products, including ONDA HUB, ONDA PMS, ONDA Plus, ONDA OA PMS, and Wave-G, help hotels and resorts optimize their operations and increase their online visibility. ONDA'sreal-time aggregation of over 40,000 properties and distribution across 50 online channels provides hotels with the ability to reach a wider audience and drive more bookings. | $8.5M | Series B | Nov 01, 2022 | http://www.onda.me |
| Victex | Victex is a dry ice washer manufacturing company. | $5.9M | Venture - Series Unknown | Dec 28, 2021 | http://www.victex.co.kr |
| NetTargets | NetTargets provides AI-focused drug discovery research services. | $5.3M | Series A | Jul 02, 2021 | https://www.net-targets.com/ |
| BLUEDOT | BLUEDOT develops cloud computing semiconductor IP applications to accelerate video processing and video encoding. |  | Seed | Jun 22, 2021 | https://www.blue-dot.io |
| T-Wave | T-Wave is a social fintech start-up company that operates 'I'm in', an app that collects money from all over the country. | $2.7M | Series B | Jun 01, 2021 | https://www.twave.co.kr/ |
| Stem Bio | Stem Bio is a developer of stem cell therapy and anti-cancer drugs. | $439.9K | Angel | Oct 31, 2020 | http://stembio.co.kr |
| Lunimedia | ​Lunimedia is a digital media company offering cross-platform monetization solutions, aiming to bridge the gap between developers and users. Their platform, Lunipark, allows users to play popular PC games at affordable hourly rates without owning high-end PCs, while providing developers with new revenue streams in the B2B PC Café market. Founded byveterans from renowned U.S. game companies, Lunimedia strives to expand its reach by integrating B2B business strategies to enhance its gaming catalog and user base. | $3.8M | Series A | Jul 20, 2020 | https://www.lunimedia.com |
| Vanilla Bridge | Vanilla Bridge is an online dating platform intended to set up blind dates. | $1.6M |  | May 01, 2020 | http://www.vanillabridge.com |
| T-Wave | T-Wave is a social fintech start-up company that operates 'I'm in', an app that collects money from all over the country. | $2.9M | Series A | Jan 09, 2020 | https://www.twave.co.kr/ |

10 of 12 investments shown.

## Co-investors
- [Aju IB Investment](https://shizune.co/investors/profile/aju-ib-investment) — VC Fund, 2 deals together
- [Bokwang Investment](https://shizune.co/investors/profile/bokwang-investment) — VC Fund, 2 deals together
- [Friend Investment Partners](https://shizune.co/investors/profile/friend-investment-partners) — VC Fund, 2 deals together
- [Kakao Ventures](https://shizune.co/investors/profile/kakao-ventures) — VC Fund, 2 deals together
- [Shinhan Capital](https://shizune.co/investors/profile/shinhan-capital) — VC Fund, 2 deals together
- [Base Investments](https://shizune.co/investors/profile/base-investments) — VC Fund, 1 deal together

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### Similar country
- [Strong Ventures](https://shizune.co/investors/profile/strong-ventures) — VC Fund
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## Featured in investor lists
- [Social Investors in South Korea](https://shizune.co/investors/social-investors-south-korea)
- [Social VC Funds in South Korea](https://shizune.co/investors/social-vc-funds-south-korea)

## FAQ

### What does Square Ventures invest in?

Square Ventures invests primarily in Biotechnology, Retail and Software startups, most often at Series A and Seed stage. Most of the 12 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 Square Ventures last invest?

The most recent investment recorded for Square Ventures closed in Aug 2025. Shizune tracks 12 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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