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Corporate Venture
hvic.co.kr

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Investments

137

Portfolio Exits

3

Funds

2

About Hyundai Venture Investment Corporation

Hyundai Venture Investment Corporation (HVIC) is a venture capital arm of Hyundai Finance Corporation, specializing in seed/startup, early, mid, and late venture stage investments.

Hyundai Venture Investment Corporation Headquarters Location

566 Samseong-ro, Gangnam-gu 5F

Seoul, 06163,

South Korea

+82 02 728 8990

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Latest Hyundai Venture Investment Corporation News

AUTOCRYPT raises $13 Million Series A funding

Feb 10, 2021

South Korea: AUTOCRYPT Co. Ltd., a leading autonomous driving security solutions provider, raised nearly $13 million in a Series A funding round, bringing the total to $15M raised in 2020. Backers included major Korean investors KB Investment, Pathfinder H, Ulmus Investment, Korea Asset, Hyundai Venture Investment Corp., and IBK. Led by CEO and co-Founder, Daniel ES Kim, AUTOCRYPT has garnered the attention of the automotive industry, providing end-to-end vehicle security for connected and autonomous vehicles and surrounding infrastructure. The company currently secures all smart roadways and highways in South Korea, totaling over 5000 kilometers. Kim stated that with the funding, “AUTOCRYPT plans not only on enhancing V2X security technology but also in expanding security operations into more Intelligent Transportation Systems (ITS) projects.” He continued, “We are confident that this investment validates the quality of what we have developed and will allow us to continue prioritizing security in connected and autonomous vehicles.” Due to the rising demand for autonomous and electric vehicle security technology, AUTOCRYPT also announced the opening of its North American office, located in Toronto, Canada. The new branch will allow for AUTOCRYPT’s V2X and Plug&Charge security solutions to be more widely accessible to testbeds, OEMs, Tier-1 suppliers, and automotive software or service providers located in North America. The company is currently in talks with potential partners in the region and plans to begin active business operations in Q2. With its offices now in South Korea, China, Japan, and Canada, AUTOCRYPT is also planning to expand into the United States and Europe in 2021.

Hyundai Venture Investment Corporation Investments

137 Investments

Hyundai Venture Investment Corporation has made 137 investments. Their latest investment was in Neocannbio as part of their Series A on July 7, 2022.

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Hyundai Venture Investment Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2022

Series A

Neocannbio

$3.43M

Yes

1

5/26/2022

Series B

Autocrypt

$25.5M

No

2

5/16/2022

Seed VC

Headless

$0.55M

Yes

1

5/10/2022

Series A

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$99M

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10

3/29/2022

Series B

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$99M

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10

Date

7/26/2022

5/26/2022

5/16/2022

5/10/2022

3/29/2022

Round

Series A

Series B

Seed VC

Series A

Series B

Company

Neocannbio

Autocrypt

Headless

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Amount

$3.43M

$25.5M

$0.55M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

1

10

10

Hyundai Venture Investment Corporation Portfolio Exits

3 Portfolio Exits

Hyundai Venture Investment Corporation has 3 portfolio exits. Their latest portfolio exit was Natural Way on April 13, 2021.

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

4/13/2021

Acq - Fin

$99M

2

9/12/2013

IPO

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$99M

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10

11/1/2002

IPO

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$99M

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10

Date

4/13/2021

9/12/2013

11/1/2002

Exit

Acq - Fin

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

Hyundai Venture Investment Corporation Fund History

2 Fund Histories

Hyundai Venture Investment Corporation has 2 funds, including KoFC-HVIC Pioneer Champ 2011-7 Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/20/2011

KoFC-HVIC Pioneer Champ 2011-7 Venture Fund

Multi-Stage Venture Capital

Closed

$27.58M

1

8/20/2010

KoFC-HVIC Pioneer Champ 2010-11 Venture Fund

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$99M

10

Closing Date

12/20/2011

8/20/2010

Fund

KoFC-HVIC Pioneer Champ 2011-7 Venture Fund

KoFC-HVIC Pioneer Champ 2010-11 Venture Fund

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$27.58M

$99M

Sources

1

10

Hyundai Venture Investment Corporation Team

4 Team Members

Hyundai Venture Investment Corporation has 4 team members, including current Chief Executive Officer, Mong-il Chung.

Name

Work History

Title

Status

Mong-il Chung

Chief Executive Officer

Current

Thomas Oyoon Kwon

Executive Vice President

Current

Byeong-Hyeon Park

Managing Director

Current

Dong-Wook Shin

Managing Director

Current

Name

Mong-il Chung

Thomas Oyoon Kwon

Byeong-Hyeon Park

Dong-Wook Shin

Work History

Title

Chief Executive Officer

Executive Vice President

Managing Director

Managing Director

Status

Current

Current

Current

Current

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