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Venture Capital
egpartners.co.kr

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Investments

56

Portfolio Exits

1

Funds

2

About East Gate Partners

East Gate Partners is a South Korean venture capital firm.

East Gate Partners Headquarter Location

8F, #100/101 373, Gangnam-daero, Seocho-gu

Seoul, 06621,

South Korea

+82 02-2265-0566

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Latest East Gate Partners News

IT distribution startup Mesh Korea secures US$4M

Jan 8, 2015

By beSUCCESS The investment will mostly be used to boost marketing, design, management, and development efforts B2C distribute portal service Mesh Korea  announced a total of 4 billion won (roughly US$4 million) of investment from multiple investors including EG Partners (Daumkakao Young Adult Startup Investment Union). In addition to EG Partners, Shinhan Capital, Seoul Investment Partners, and Solborn Investment, also participated in the investment due to Mesh Korea’s growth potential. Since its establishment in January 2013, Mesh Korea has provided distribution services called Bootake and one day premium service Mesh Prime. Bootake is a professional delivery app that delivers foods from well-known restaurants and daily necessities from local stores. Mesh Prime, on the other hand, is a service for restaurants that doesn’t offer delivery and connects delivery service and the markets. Also Read: School of Music Online is gamifying music lessons with an eye on Asia Mesh Korea has removed the old fashioned call-centre based analog method to decrease other unnecessary commission fee and patented its computerised order management program/device last May. This new funding leaves Mesh Korea in a financially stable position. Its goal for 2015 is to strengthen its competitiveness by securing more delivery men, registered stores, and users. The investment will mostly go into marketing, design, management, and development. “Mesh Korea provides the most efficient and technologically advanced distribution service and the apps as we computerise everything from the order to the last step of delivery. With this new investment, we will not only expand the existing scale of our business, but also broaden our business network by upgrading the unmanned auto vehicle algorithm and provide this solution to foreign companies,” said Jeung-bum Yu, CEO, Mesh Korea. Sang-young Seo of EG Partners noted, “Korea’s delivery market is showing infinite amount of potential as it already reached the value of 30 trillion won. Mesh Korea’s IT-based distribution hub network showed us their potential in the general distribution market which helped us to make this decision.”

East Gate Partners Investments

56 Investments

East Gate Partners has made 56 investments. Their latest investment was in EmoticBox as part of their Seed VC on June 6, 2021.

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East Gate Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/25/2021

Seed VC

EmoticBox

Yes

1

1/21/2021

Bridge

MEDIPRESSO

$1.54M

Yes

3

5/28/2020

Seed VC - III

Imagination Garden

$0.25M

Yes

1

6/26/2018

Seed VC

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$99M

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10

5/9/2018

Seed VC

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$99M

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10

Date

6/25/2021

1/21/2021

5/28/2020

6/26/2018

5/9/2018

Round

Seed VC

Bridge

Seed VC - III

Seed VC

Seed VC

Company

EmoticBox

MEDIPRESSO

Imagination Garden

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Amount

$1.54M

$0.25M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

3

1

10

10

East Gate Partners Portfolio Exits

1 Portfolio Exit

East Gate Partners has 1 portfolio exit. Their latest portfolio exit was Cardoc on August 04, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/4/2015

Acq - Fin

1

Date

8/4/2015

Exit

Acq - Fin

Companies

Valuation

Acquirer

Sources

1

East Gate Partners Fund History

2 Fund Histories

East Gate Partners has 2 funds, including Next Generation Venture Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/4/2014

Next Generation Venture Capital

Early-Stage Venture Capital

$24.54M

1

9/6/2010

East Gate Media Contents & Technology Fund

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$99M

10

Closing Date

7/4/2014

9/6/2010

Fund

Next Generation Venture Capital

East Gate Media Contents & Technology Fund

Fund Type

Early-Stage Venture Capital

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Status

Amount

$24.54M

$99M

Sources

1

10

East Gate Partners Team

1 Team Member

East Gate Partners has 1 team member, including current Chief Executive Officer, Gyu-nam Choi.

Name

Work History

Title

Status

Gyu-nam Choi

Chief Executive Officer

Current

Name

Gyu-nam Choi

Work History

Title

Chief Executive Officer

Status

Current

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