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SparkLabs company logo
Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
sparklabs.co.kr

Investments

155

Portfolio Exits

5

Funds

1

Partners & Customers

6

About SparkLabs

SparkLabs, part of SparkLabs Group, is a startup accelerator for Korea's entrepreneurs. SparkLabs' focus is on entrepreneurs seeking to change the Internet, online gaming, mobile, e-commerce, and digital media sectors.

Headquarters Location

Asan Foundation MARU180 2F 180, Yeoksam-ro, Gangnam-gu

Seoul, 06248,

South Korea

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Latest SparkLabs News

SparkLabs Saudi Arabia Launches Accelerator Program

Sep 18, 2023

Saudi Landscape SparkLabs Group with the support of The National Technology Development Program (NTDP) will begin its startup accelerator program on November 1st, 2023. Led by Ivan Grlic, Co-founder and Managing Partner, and Bodin Scepanovic, SparkLabs Saudi Arabia will also launch a new venture capital fund to help develop the startup ecosystem in Riyadh. The four-month mentorship-driven program will provide funding, office space, a structured program and access to a top-tier network of entrepreneurs, venture capitalists, angel investors and executives from Silicon Valley and across the globe. The deadline for the application process is September 30th, and the focus is on founders in Saudi Arabia at the seed to Series A stages. Startup founders can apply here: https://www.f6s.com/sparklabs-saudi-fall-2023/apply FinSMEs

SparkLabs Investments

155 Investments

SparkLabs has made 155 investments. Their latest investment was in Dancestruct as part of their Seed VC on September 9, 2023.

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SparkLabs Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/19/2023

Seed VC

Dancestruct

Yes

2

9/19/2023

Series A - II

City Barn

$2.33M

Yes

1

8/17/2023

Seed VC - II

dipp

$1.58M

Yes

1

7/25/2023

Seed

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10

7/17/2023

Incubator/Accelerator

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10

Date

9/19/2023

9/19/2023

8/17/2023

7/25/2023

7/17/2023

Round

Seed VC

Series A - II

Seed VC - II

Seed

Incubator/Accelerator

Company

Dancestruct

City Barn

dipp

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Amount

$2.33M

$1.58M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

1

10

10

SparkLabs Portfolio Exits

5 Portfolio Exits

SparkLabs has 5 portfolio exits. Their latest portfolio exit was Falkonry on August 31, 2023.

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

8/31/2023

Acquired

$99M

3

5/11/2021

Acquired

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$99M

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10

8/20/2020

Acquired

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$99M

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10

11/25/2019

Acquired

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$99M

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10

8/10/2018

Acquired

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$99M

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10

Date

8/31/2023

5/11/2021

8/20/2020

11/25/2019

8/10/2018

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

SparkLabs Fund History

1 Fund History

SparkLabs has 1 fund, including SparkLabs-Shinhan Opportunity No.1 Investment Fund (스파크랩-신한 오퍼튜니티 제1호 투자조합).

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/13/2020

SparkLabs-Shinhan Opportunity No.1 Investment Fund (스파크랩-신한 오퍼튜니티 제1호 투자조합)

$8.22M

5

Closing Date

4/13/2020

Fund

SparkLabs-Shinhan Opportunity No.1 Investment Fund (스파크랩-신한 오퍼튜니티 제1호 투자조합)

Fund Type

Status

Amount

$8.22M

Sources

5

SparkLabs Partners & Customers

6 Partners and customers

SparkLabs has 6 strategic partners and customers. SparkLabs recently partnered with Anthill Ventures on February 2, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

2/16/2023

Partner

India

Anthill and SparkLabs Join Forces to Boost International Growth for Indian and Korean Startups with Strategic Co-Investment Alliance

The partnership between Anthill Ventures and SparkLabs offers a unique opportunity for startups , combining SparkLabs ' extensive network and support from Anthill Ventures 's proven accelerator programs .

1

6/28/2021

Partner

South Korea

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10

10/28/2020

Licensee

Cyprus

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10

3/10/2020

Partner

United States

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10

1/30/2018

Partner

China

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10

Date

2/16/2023

6/28/2021

10/28/2020

3/10/2020

1/30/2018

Type

Partner

Partner

Licensee

Partner

Partner

Business Partner

Country

India

South Korea

Cyprus

United States

China

News Snippet

Anthill and SparkLabs Join Forces to Boost International Growth for Indian and Korean Startups with Strategic Co-Investment Alliance

The partnership between Anthill Ventures and SparkLabs offers a unique opportunity for startups , combining SparkLabs ' extensive network and support from Anthill Ventures 's proven accelerator programs .

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Sources

1

10

10

10

10

SparkLabs Team

2 Team Members

SparkLabs has 2 team members, including current Founder, General Partner, John HanJoo Lee.

Name

Work History

Title

Status

John HanJoo Lee

Founder, General Partner

Current

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Name

John HanJoo Lee

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Work History

Title

Founder, General Partner

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Status

Current

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