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Corporate Venture
FINANCE | Investment Firms & Funds
jbinvest.co.kr

Investments

82

Portfolio Exits

3

About JB Investment

JB Investment is the corporate venture capital subsidiary of JB Financial Group. The firm was formerly known as Mega Investment, and was formerly the corporate venture capital arm of Megastudy. It was founded in 2012 and is based in Seoul, South Korea. In May 2022, Mega Investment was acquired by JB Financial Group. The terms of the transaction were not disclosed.

Headquarters Location

304, Hyoryeong-ro, Seocho-gu 24F

Seoul, 06720,

South Korea

+82-2-3453-2540

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Latest JB Investment News

Brazil Unveils $200 Billion Mega Investment Plan

Aug 22, 2023

Brazil Unveils $200 Billion Mega Investment Plan Brazilian President Luiz Inácio Lula da Silva unveiled a plan to invest BRL 1 trillion (US$200 billion) in infrastructure, energy and transportation over the next four years. The plan, which has been dubbed the “Growth Acceleration Pact” (PAC), aims to create jobs, boost economic growth and reduce poverty. Under the plan, Brazil will build new highways, expand electric grids and modernize its seaports and airports. It will also build new schools and hospitals and develop renewable energy sources. Economists have warned that spending so much money in the absence of an economic downturn could stoke inflation . President Lula (whose left-leaning proposals have often been criticized) defended the plan, saying that such an investment is necessary to create jobs. Sign up for our Nearshore Americas newsletter: Brazil’s unemployment rate currently stands at 8%, which is higher than its BRIC partners such as India and China. Inflation remaines a problem in Brazil, but it has been declining in recent months. The main cause of inflation in Brazil is the rising cost of food and energy in the global market. The government plans to finance the PAC through a combination of public and private investment. The public sector will contribute around 40% of the funding, with the remaining 60% coming from private enterprise.

JB Investment Investments

82 Investments

JB Investment has made 82 investments. Their latest investment was in City Barn as part of their Series A - II on September 9, 2023.

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JB Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/19/2023

Series A - II

City Barn

$2.33M

Yes

1

7/5/2023

Series B

GINT

$12.59M

Yes

2

12/4/2022

Series A

Aswemake

$3.83M

Yes

1

8/31/2022

Series A

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$99M

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10

6/1/2022

Series A

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10

Date

9/19/2023

7/5/2023

12/4/2022

8/31/2022

6/1/2022

Round

Series A - II

Series B

Series A

Series A

Series A

Company

City Barn

GINT

Aswemake

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Amount

$2.33M

$12.59M

$3.83M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

JB Investment Portfolio Exits

3 Portfolio Exits

JB Investment has 3 portfolio exits. Their latest portfolio exit was WATCHA on December 05, 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

12/5/2022

Corporate Majority

$99M

1

11/5/2019

Acquired

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$99M

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10

2/14/2018

Acquired

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$99M

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10

Date

12/5/2022

11/5/2019

2/14/2018

Exit

Corporate Majority

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

JB Investment Team

2 Team Members

JB Investment has 2 team members, including current Chief Executive Officer, Jeong-Min Kim.

Name

Work History

Title

Status

Jeong-Min Kim

Chief Executive Officer

Current

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Name

Jeong-Min Kim

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Work History

Title

Chief Executive Officer

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Status

Current

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