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Corporate Venture
FINANCIAL | Investment Firms & Funds
shinhanvc.com

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Investments

59

Portfolio Exits

5

Funds

22

About Shinhan Venture Investment

Shinhan Venture Investment is a small to mid-cap investor in the private market, focusing on private equity investment and venture capital investment for Korean companies as well as overseas-based enterprises.On July 29th, 2020, Neoplux was acquired by Shinhan Financial Group at a valuation of $58.56M.

Shinhan Venture Investment Headquarter Location

18F Glass Tower Bldg 534 Teheran-ro, Gangnam-gu

Seoul, 06181,

South Korea

+82-2-560-9700

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Shinhan Venture Investment News

Korean drone delivery pioneer startup PABLO AIR attracts $8 million Pre-Series B funding

Jul 22, 2021

PABLO AIR , the South Korean-based drone delivery startup Korean startup that revolutionized the delivery service market with its drone delivery service, announced that it has raised $8 million in Pre-Series B funding. The funding round includes investors like KTB Network, Be High Investment, Shinhan Venture Investment, BNK Ventures, and Lotte Ventures. Company plans to expand overseas PABLO AIR had attracted $ 1.8 million in Series A funding in 2020 from KTB Network. The company had also successfully attracted additional investment in the pre-Series B within a year. With the latest investment and the First Penguin Business by Korea Credit Guarantee Fund (KODIT), PABLO AIR has $12.5 million of total accumulated funds. The startup plans to utilize the funds to implement technology advancement and expand to overseas markets. Kim Young-Joon, CEO of PABLO AIR, said, “Apart from the Series B investment, we are planning to implement a faster and more convenient drone delivery service with drone logistics hubs that will be built up both in Korea and abroad.” First domestic drone delivery company Founded in 2018, PABLO AIR specializes in unmanned aerial hardware and software development company. In 2019, it became the first Korean company to conduct long-distance drone delivery successfully. In March 2019, the startup had organized an art show involving 100 drones, and in June 2020, it had involved 300 drones in the art show. The company will utilize the money to fund its global expansion plans. Last year, PABLO AIR successfully completed Simultaneous Long Distance Delivery with two drones for 80.6 km. It was the longest distance record delivery service for the first time with a drone in Korea in November 2020. The startup is developing an advanced ground control station to solve the ‘last mile problem’ using drones. PABLO AIR is also developing a drone system optimized for delivery and is working on preparing a solution for delivery service in the sky. PABLO AIR participated in the K-Drone System Demonstration Support Project; after the consortium was signed recently with Incheon International Airport Corporation. It has carried out many other projects to commercialize drone delivery. PABLO AIR is also working on one of its core technologies. “PAMNet”, and Pablo Air Mobility Network. It is a remote-control system for multi-modal mobility and will enable real-time control of all mobility such as drones, autonomous vehicles, and trucks that will work without human intervention. People will be able to operate unmanned vehicles and monitor or control using PAMNet in real-time from anywhere. Read More,

Shinhan Venture Investment Investments

59 Investments

Shinhan Venture Investment has made 59 investments. Their latest investment was in TiCARos as part of their Series C on August 8, 2021.

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Shinhan Venture Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2021

Series C

TiCARos

$21.48M

Yes

Korea SMEs and Startups Agency, UTC Investment, and Woori Investment Bank

1

7/8/2021

Series A - II

PABLO AIR

$7.41M

Yes

Be High Investment, BNK Venture Capital, and KTB Network

2

7/5/2021

Series C

JeongYookGak

$26.36M

Yes

Atinum Investment, Capstone Partners, Mirae Asset Venture Investment, Premier Partners, and Stonebridge Capital

1

6/10/2021

Series C - II

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$99M

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10

6/8/2021

Series A

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$99M

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10

Date

8/30/2021

7/8/2021

7/5/2021

6/10/2021

6/8/2021

Round

Series C

Series A - II

Series C

Series C - II

Series A

Company

TiCARos

PABLO AIR

JeongYookGak

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Amount

$21.48M

$7.41M

$26.36M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Korea SMEs and Startups Agency, UTC Investment, and Woori Investment Bank

Be High Investment, BNK Venture Capital, and KTB Network

Atinum Investment, Capstone Partners, Mirae Asset Venture Investment, Premier Partners, and Stonebridge Capital

Sources

1

2

1

10

10

Shinhan Venture Investment Portfolio Exits

5 Portfolio Exits

Shinhan Venture Investment has 5 portfolio exits. Their latest portfolio exit was Thingsflow on June 29, 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

6/29/2021

Acquired

3

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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$991

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10

Date

6/29/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

Acquirer

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Sources

3

10

10

10

10

Shinhan Venture Investment Fund History

22 Fund Histories

Shinhan Venture Investment has 22 funds, including KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/6/2013

KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund

Multi-Stage Venture Capital

$46.5M

1

10/11/2012

KTC-NP Growth Champ 2011-2 Private Equity Fund

Expansions & Growth

$165.06M

1

8/24/2010

KIF-Neoplux IT Venture Fund

Multi-Stage Venture Capital

$32.55M

1

7/9/2010

KoFC-Neoplux Pioneer Champ 2010-7 Venture Capital Fund

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$99M

10

4/22/2009

New Wave 4 VCF

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$99M

10

Closing Date

9/6/2013

10/11/2012

8/24/2010

7/9/2010

4/22/2009

Fund

KoFC-Neoplux R&D-Biz Creation 2013-1 Venture Capital Fund

KTC-NP Growth Champ 2011-2 Private Equity Fund

KIF-Neoplux IT Venture Fund

KoFC-Neoplux Pioneer Champ 2010-7 Venture Capital Fund

New Wave 4 VCF

Fund Type

Multi-Stage Venture Capital

Expansions & Growth

Multi-Stage Venture Capital

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Status

Amount

$46.5M

$165.06M

$32.55M

$99M

$99M

Sources

1

1

1

10

10

Shinhan Venture Investment Team

4 Team Members

Shinhan Venture Investment has 4 team members, including current Chief Executive Officer, Sangha Lee.

Name

Work History

Title

Status

Sangha Lee

Chief Executive Officer

Current

Jinwoo Jo

Managing Director

Current

Donghwan Kim

Managing Director

Current

Ja-deug Ku

Managing Director

Current

Name

Sangha Lee

Jinwoo Jo

Donghwan Kim

Ja-deug Ku

Work History

Title

Chief Executive Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

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