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Corporate Venture
poscocapital.com

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Investments

124

Portfolio Exits

16

About POSCO Capital

POSCO Capital is the venture capital fund of POSCO, a South Korea-based steel company.

POSCO Capital Headquarters Location

56 Jigok-ro, Nam-gu 313-1, POMIA Bldg.

Pohang, 37666,

South Korea

+82 82-54-279-8486

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Latest POSCO Capital News

POSCO’s advance into bio sector accelerates with bio startup investments2022.07.13 14:04

Jul 13, 2022

POSCO’s advance into bio sector accelerates with bio startup investments 2022.07.13 14:04:11 | 2022.07.13 14:04:39 Receiver [Source: POSCO Group] South Korea’s top steelmaker POSCO Group is accelerating its advance into the bio sector with aggressive investments in bio startups on high expectations for great synergy between bio technologies and the group’s mainstay materials business. According to industry insiders on Tuesday, POSCO Holdings affiliate POSCO International plans to invest billions of won (millions of dollars) into Bioapp, a local vaccine startup that develops Herbavac CSF Green Marker, a plant-derived vaccine against the swine fever virus. POSCO has already invested a total of 3.3 billion won ($2.52 million) into Bioapp through its venture investment company POSCO Capital. The latest investment by POSCO International in Bioapp signals the steel giant’s full-pledged advance into the bio business. POSCO International will set up a Bioapp-dedicated team to support the startup`s inroads into the global market next year. The Research Institute of Industrial Science & Technology (RIST) will also offer Bioapp a test center while POSCO E&C and POSCO ICT will help it build production facilities for eco-friendly biomaterials and pharmaceuticals. POSCO aims to groom Bioapp as a unicorn startup with a revenue of 1 trillion won by 2030. POSCO Holdings expects bio technology and fuel would create great synergy with POSCO Group’s other businesses because they can be applied to the development of eco-friendly materials and the production of chemical substances, respectively. Another bio startup that has drawn POSCO’s attention is BioBricks with 3D bioprinting technologies such as bioink and artificial organs. POSCO will help fund its construction of manufacturing facilities through RIST and it is also currently reviewing possible investments through venture funds. Those two bio companies currently have offices in CHANGeUP GROUND, POSCO’s startup incubator center that currently houses a total of 102 companies valued at 1.1 trillion won. Of total, around 30 percent are bio companies. POSCO spent 83 billion won to open the center in July last year, and the venture capital funds at CHANGeUP GROUND amount to 1.4 trillion won, to which POSCO contributed 290 billion won. Shares of POSCO Holdings traded up 2.02 percent at 227,500 won during Wednesday morning trade. By Lee Yu-sup and Susan Lee WED

POSCO Capital Investments

124 Investments

POSCO Capital has made 124 investments. Their latest investment was in Aloha Factory as part of their Series A on August 8, 2022.

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POSCO Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/11/2022

Series A

Aloha Factory

$4.6M

No

1

8/3/2022

Seed VC - II

Ping Pong

$3.36M

Yes

1

7/5/2022

Series A

Soldoc

Yes

2

6/15/2022

Series A

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$99M

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10

5/26/2022

Series A

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$99M

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10

Date

8/11/2022

8/3/2022

7/5/2022

6/15/2022

5/26/2022

Round

Series A

Seed VC - II

Series A

Series A

Series A

Company

Aloha Factory

Ping Pong

Soldoc

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Amount

$4.6M

$3.36M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

2

10

10

POSCO Capital Portfolio Exits

16 Portfolio Exits

POSCO Capital has 16 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

$99M

2

6/13/2022

Acquired

$99M

1

4/8/2022

Acquired

$99M

1

11/22/2021

IPO

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$99M

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10

11/1/2021

IPO

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$99M

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10

Date

8/12/2022

6/13/2022

4/8/2022

11/22/2021

11/1/2021

Exit

Corporate Majority

Acquired

Acquired

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

1

10

10

POSCO Capital Team

2 Team Members

POSCO Capital has 2 team members, including current Managing Director, Charlotte P. Clark.

Name

Work History

Title

Status

Charlotte P. Clark

Managing Director

Current

Leo Kim

Managing Director

Current

Name

Charlotte P. Clark

Leo Kim

Work History

Title

Managing Director

Managing Director

Status

Current

Current

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