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Asset/Investment Management
timewiseinvest.com

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Investments

56

Portfolio Exits

7

About Timewise Investment

Timewise Investment invests in bio, ICT, food & distribution, and movie & TV drama production.

Timewise Investment Headquarter Location

Saerom Building, 3F (Yeoksam-dong) 551, Seolleung-ro, Gangnam-gu

Seoul, 06145,

South Korea

+82 (02) 2017-1187

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Latest Timewise Investment News

AmazeVR Closes $15MM Bridge Funding to Forge the Future of VR Concerts

Jan 12, 2022

In addition to these investors, AmazeVR has been backed by several other major investors: Timewise Investment, venture capital arm of CJ Group; LG Technology Ventures; Mirae Asset Capital; Mirae Asset Venture Investment; Murex Partners; Dunamu Partners; Base Investment; and We Ventures. The bridge funding was oversubscribed within three weeks. It includes $9.5MM in previous bridge financing and brings the Los Angeles-based company’s total raise to $30.8MM. “This funding allows us to keep hiring aggressively,” says AmazeVR co-CEO Ernest Lee. “In 2021, we tripled our team in Hollywood and Seoul. We’ve been able to attract top talent from the industries we touch,” including creatives who have worked with artists such as Kanye and Cardi B; a former marketing director at Live Nation; a film buyer for Regal/Cinemark; and an AI engineer from NVIDIA. “This puts us in an ideal position to take full advantage of VR and the metaverse’s growing popularity, as we deliver breathtaking VR concerts from major artists, first to theaters, then to homes worldwide.” Teaming up with 3x GRAMMY winner Megan Thee Stallion, AmazeVR is rolling out its innovative approach to VR concert experiences in select AMC Theatres in Spring 2022. This first-ever VR concert tour springs from years of R&D that resulted in proprietary 9K cameras and in software that can automate complex Unreal Engine-based visual effects and run more than 100 headsets at a time. Using this technology, the company plans to scale its content creation, releasing new VR concert experiences weekly by 2024 to both in-theater and at-home viewers. To drive this rapid growth, AmazeVR will raise a Series B in early 2022, bringing its mobile theater guised as an artist’s tour bus to potential investors in Silicon Valley and beyond. “You really need to experience our VR concerts to get a full grasp of how impactful they are. VR can finally blow all 2D experiences out of the water. Thanks to our tech, we can evoke a real sense of presence you can’t get from a screen, the feeling that your favorite artist is right there, face to face with you,” explains Lee. “This opens up a new dimension for music, one of the first new ways for artists and fans to connect since recordings appeared. We’re thrilled that investors are grasping this and are supporting us as we innovate and grow.”

Timewise Investment Investments

56 Investments

Timewise Investment has made 56 investments. Their latest investment was in Genesis Lab as part of their Series B on June 6, 2022.

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Timewise Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/14/2022

Series B

Genesis Lab

$15.49M

Yes

1

5/19/2022

Seed VC

Modhaus

Yes

2

3/24/2022

Series A - II

Block Odyssey

$20.48M

Yes

2

1/19/2022

Series A

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$99M

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10

1/17/2022

Bridge - II

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$99M

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10

Date

6/14/2022

5/19/2022

3/24/2022

1/19/2022

1/17/2022

Round

Series B

Seed VC

Series A - II

Series A

Bridge - II

Company

Genesis Lab

Modhaus

Block Odyssey

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Amount

$15.49M

$20.48M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

Timewise Investment Portfolio Exits

7 Portfolio Exits

Timewise Investment has 7 portfolio exits. Their latest portfolio exit was Seoul Store on April 08, 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

4/8/2022

Acquired

$99M

1

3/28/2022

Corporate Majority

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$99M

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10

1/13/2022

Acquired

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$99M

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10

7/21/2021

Acq - Fin

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$99M

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10

1/21/2021

IPO

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$99M

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10

Date

4/8/2022

3/28/2022

1/13/2022

7/21/2021

1/21/2021

Exit

Acquired

Corporate Majority

Acquired

Acq - Fin

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Timewise Investment Team

1 Team Member

Timewise Investment has 1 team member, including current Chief Executive Officer, Kang-Yeong Shin.

Name

Work History

Title

Status

Kang-Yeong Shin

Chief Executive Officer

Current

Name

Kang-Yeong Shin

Work History

Title

Chief Executive Officer

Status

Current

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