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Debt & Specialty Finance
kibo.or.kr

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Investments

69

Portfolio Exits

4

About Korea Technology Finance Corporation

Korea Technology Finance Corporation (KOTEC) is a special-purpose non-profit government-affiliated financial institution established to help spur economic growth in South Korea through the provision of financial support to new technology businesses with little or no collateral to provide. This is primarily done in the form of credit guarantees based on technology appraisals. In addition to technological credit guarantees and technology appraisal, KOTEC also provides direct equity investment in conjunction with a credit guarantee program for early-stage technology firms with recognized business competency.

Korea Technology Finance Corporation Headquarter Location

33 Munhyeon Geumyung-ro Nam-gu

Busan, 48400,

South Korea

+82-51-606-7381

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Latest Korea Technology Finance Corporation News

SaaS startup Clika wins top prize at Korea’s startup monthly contest D.Day in March2022.04.04 12:51

Apr 4, 2022

SaaS startup Clika wins top prize at Korea’s startup monthly contest D.Day in March 2022.04.04 12:51:25 Receiver [Source: D.CAMP] Clika Inc., a software as a service (SaaS) startup, won top place at March D.Day, a startup contest organized jointly by the startup incubation foundation D.CAMP, Korea Intellectual Property Office (KIPO), Korea Invention Promotion Association, and Korea Technology Finance Corporation. Clika, a machine learning operations (MLOps) company, owns the technology to compress machine learning models into optimal proportion for loading on small-sized information technology (IT) devices. The industry for machine learning models has been expanding rapidly on big data processing. MLOps involve follow-up work on model reconsideration when necessary and model performance monitoring after completion of machine learning code. Normally, 100 machine learning models are loaded inside a consumer-use IT device embedded chip. Clika is capable of reducing the weight of a model by up to 90 percent. Corporate clients of Clika will be able to efficiently reduce the weight of their machine learning models and reduce cloud storage cost through the startup’s SaaS solution that will be developed this year. [Source: D.CAMP] D.CAMP has been organizing D.Day for four years with KIPO and expanding cooperation areas. A total 18 companies have joined the contest between 2019 and 2021 and they have attracted more than 30.3 billion won ($24.9 million) in investment. AIRS Medical, meanwhile, received the Commissioner of KIPO prize at D.Day. The startup researches and develops precise robot-navigation system for efficient and safe microfracture surgery. AIRS Medical enhances surgery convenience and safety with robot and artificial intelligence (AI) technology. Others that took part in the contest are Flipper Corporation, Pikurate, MOYO, and BookIPs. Flipper operates app builder Hitbim that enables users without coding knowledge to design high quality app service. Users can complete an app similar to other apps in general without coding by simply mixing design codes as if in blocks. Users are able to reduce resource injection by up to 80 percent as to existing app development method where developers are in charge of all of coding work. Hitbim also offers operation management and service function updates after app development and release. Pikurate operates bookmark technology-based information search and curation platform in web service. Unlike existing bookmarket tool, the company offers precise content and URL storage technology that allows AI technology to recognize and proactively save content and search channel before reaching web page. Its service improves online search experience as it provides quality online knowledge information selected by other people on a searched subject. Pikurate’s knowledge curating business model is registered as a patent in the United States. [Source: D.CAMP] MOYO – which refers to everyone’s tariffs – operates a web and app that analyzes and recommends several hundreds of budget phone monthly plans. Unlike other mobile service payment plans, budget phone tariffs are offered by dozens of service providers. There are up to 1,000 different monthly plans based on basic rate, data usage, and voice calls. MOYO has all of the different plans in its data base and users are able to easily find their optimal plan. BookIPs is an edu-tech startup that operates textbook copyright license subscription service Solvook. BookIPs has signed a copyright usage agreement with related entities including Korea Copyright Commission and YBM for Solvook to allow users to pay 3,000 won monthly for legal access to 10,000 types of educational reference book and 700 types of textbook IPs. The startups were evaluated by Lee Chang-yoon, head of investment at D.CAMP, and Kim Bo-mi, head of growth at D.CAMP, among others. By Lee Eun-joo MON

Korea Technology Finance Corporation Investments

69 Investments

Korea Technology Finance Corporation has made 69 investments. Their latest investment was in Elleven Corporation as part of their Series A on May 5, 2022.

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Korea Technology Finance Corporation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/12/2022

Series A

Elleven Corporation

$3.1M

Yes

1

4/12/2022

Line of Credit

Synergy With

$1.17M

Yes

1

12/30/2021

Seed

Nanobiosystem

$1.68M

Yes

2

12/16/2021

Series A

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$99M

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10

12/8/2021

Line of Credit

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$99M

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10

Date

5/12/2022

4/12/2022

12/30/2021

12/16/2021

12/8/2021

Round

Series A

Line of Credit

Seed

Series A

Line of Credit

Company

Elleven Corporation

Synergy With

Nanobiosystem

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Amount

$3.1M

$1.17M

$1.68M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

2

10

10

Korea Technology Finance Corporation Portfolio Exits

4 Portfolio Exits

Korea Technology Finance Corporation has 4 portfolio exits. Their latest portfolio exit was Jeju Beer Company on May 26, 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

5/26/2021

IPO

5/17/2021

Acquired

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10

4/15/2021

Acquired

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10

12/10/2020

IPO

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10

Date

5/26/2021

5/17/2021

4/15/2021

12/10/2020

Exit

IPO

Acquired

Acquired

IPO

Companies

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Valuation

Acquirer

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Sources

10

10

10

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