Investments
37Portfolio Exits
6Funds
1Partners & Customers
10About LG Electronics
LG Electronics (KRX: 066570) (LSE: LGLD), a subsidiary of LG Corporation, is a developer of electronics, information, and communications products. LG Electronics is comprised of five companies: Home Appliance & Air Solutions, Home Entertainment, Mobile Communications, Vehicle Components and Business-to-Business ― and is a producer of TVs, refrigerators, air conditioners, washing machines and mobile devices in addition to premium LG SIGNATURE products and ThinQ featuring artificial intelligence.
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CB Insights Intelligence Analysts have mentioned LG Electronics in 1 CB Insights research brief, most recently on Sep 28, 2021.
Latest LG Electronics News
Sep 20, 2023
LG Electronics to invest $760 mn to upgrade smart TV content 2023.09.20 11:42:01 | 2023.09.20 11:43:06 Receiver [Courtesy of LG Electronics] South Korea’s LG Electronics Inc. plans to invest 1 trillion won ($760 million) over the next five years to boost its content competitiveness and enhance user interface (UI) and user experience (UX) as it aims to become a platform company that offers advanced TV content and operating system. Under plans unveiled at the webOS Partner Summit 2023 held at LG Science Park in Seoul, Tuesday, LG Electronics set a target to expand the number of devices featuring webOS to 300 million by 2026. The company’s webOS, initially introduced in 2014, serves as the operating system powering LG smart TVs, which have reached a global install base of over 200 million units. The Summit drew over 300 attendees, including content providers, developers, and industry stakeholders from 30 countries worldwide. LG Electronics said it will invest 1 trillion won over the next five years in tailored content and services to enhance content competitiveness and user convenience significantly. A key aspect of this investment strategy involves collaboration with global content partners to expand the offerings available through the platform integrated into LG’s smart TVs. Simultaneously, LG Electronics plans to focus on improving UI and UX innovation to enhance user-friendliness. [ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved] WED
LG Electronics Investments
37 Investments
LG Electronics has made 37 investments. Their latest investment was in Desilo as part of their Corporate Minority on June 6, 2023.
LG Electronics Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/22/2023 | Corporate Minority | Desilo | Yes | 1 | ||
5/15/2023 | Series A | EverEx | $6.18M | Yes | 1 | |
4/1/2023 | Series B - III | LVIS | $0.5M | Yes | 2 | |
3/2/2023 | Series B | |||||
9/1/2022 | Corporate Minority - II |
Date | 6/22/2023 | 5/15/2023 | 4/1/2023 | 3/2/2023 | 9/1/2022 |
|---|---|---|---|---|---|
Round | Corporate Minority | Series A | Series B - III | Series B | Corporate Minority - II |
Company | Desilo | EverEx | LVIS | ||
Amount | $6.18M | $0.5M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 2 |
LG Electronics Portfolio Exits
6 Portfolio Exits
LG Electronics has 6 portfolio exits. Their latest portfolio exit was 42dot on August 12, 2022.
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 |
|---|---|---|---|---|---|
8/12/2022 | Corporate Majority | 2 | |||
Date | 8/12/2022 | ||||
|---|---|---|---|---|---|
Exit | Corporate Majority | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
LG Electronics Acquisitions
7 Acquisitions
LG Electronics acquired 7 companies. Their latest acquisition was AppleMango on June 27, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
6/27/2022 | Acquired | 4 | ||||
9/23/2021 | Convertible Note | |||||
7/2/2021 | ||||||
1/6/2021 | Other | |||||
4/26/2018 | Debt |
Date | 6/27/2022 | 9/23/2021 | 7/2/2021 | 1/6/2021 | 4/26/2018 |
|---|---|---|---|---|---|
Investment Stage | Convertible Note | Other | Debt | ||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 4 |
LG Electronics Fund History
1 Fund History
LG Electronics has 1 fund, including LG Electronics ESG Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
LG Electronics ESG Fund | 1 |
Closing Date | |
|---|---|
Fund | LG Electronics ESG Fund |
Fund Type | |
Status | |
Amount | |
Sources | 1 |
LG Electronics Partners & Customers
10 Partners and customers
LG Electronics has 10 strategic partners and customers. LG Electronics recently partnered with OhmConnect on September 9, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
9/12/2023 | Partner | United States | OhmConnect Collaborates with LG on Grid-Responsive Room Air Conditioners The leading energy management app , OhmConnect has partnered with Google Nest , Carrier , SunPower , Sensi , ecobee , TP Link , and 25 other companies and manufacturers . | 1 | |
9/8/2023 | Licensor | United States | (PR) LG Unveils Limited Edition 'League of Legends' UltraGear Gaming Monitor The limited-edition League UltraGear gaming monitor is the latest example of LG Electronics 's strong partnership with Riot Games , the developer and publisher of League . | 3 | |
9/8/2023 | Licensor | United States | 1 | ||
9/6/2023 | Partner | ||||
9/4/2023 | Partner |
Date | 9/12/2023 | 9/8/2023 | 9/8/2023 | 9/6/2023 | 9/4/2023 |
|---|---|---|---|---|---|
Type | Partner | Licensor | Licensor | Partner | Partner |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | OhmConnect Collaborates with LG on Grid-Responsive Room Air Conditioners The leading energy management app , OhmConnect has partnered with Google Nest , Carrier , SunPower , Sensi , ecobee , TP Link , and 25 other companies and manufacturers . | (PR) LG Unveils Limited Edition 'League of Legends' UltraGear Gaming Monitor The limited-edition League UltraGear gaming monitor is the latest example of LG Electronics 's strong partnership with Riot Games , the developer and publisher of League . | |||
Sources | 1 | 3 | 1 |
LG Electronics Team
23 Team Members
LG Electronics has 23 team members, including current Chief Executive Officer, Nam Yong.
Name | Work History | Title | Status |
|---|---|---|---|
Nam Yong | Chief Executive Officer | Current | |
Name | Nam Yong | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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