East Ventures, SV Investment announced the first close of its Southeast Asia - South Korea investment corridor fund

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East Ventures, SV Investment announced the first close of its Southeast Asia - South Korea investment corridor fund - Digital News Asia

Quick Summary:

Plans to invest in revenue-generating startups, typically at Series A to B stages

Targeting high-potential tech startups in SEA & South Korea scaling across both regions East Ventures, a pioneering and leading venture capital firm in Indonesia and Southeast Asia, and SV Investment, a publicly listed venture capital and private equity firm headquartered in Seoul, South Korea, have announced the first close of their joint fund, branded as the "East Ventures South Korea Fund in Partnership with SV Investment”.

Together with East Ventures, we are strongly committed to generating valuable synergy for both regions, as South Korea will have increasing opportunities to expand into one of the fastest-growing and largest markets, while Southeast Asia will benefit from the adoption of advanced technology from South Korea and drive its economy to the next level,” said David Junghun Bang, Managing Partner at SV Investment.