# Industrial Bank of Korea: portfolio, investments and team

> Industrial Bank of Korea is a vc firm based in South Korea. 118 investments on record, 2 in the last 12 months, latest Nov 2025.

Source: https://millionrounds.com/fund/industrial-bank-of-korea (Millionrounds; every figure on the page links to its filing or article)

South Korea · [Investor](https://millionrounds.com/investors)

# Industrial Bank of Korea

Last cheque observed Nov 2025; 118 cheques on record.

Deploying now VC firm

Series A Series B Venture Classifieds Commercial Insurance

Deploying now

**6%** of best year **2** **cheques in 12 months**, 118 on record

Since the last cheque **359** days **00** hrs **00** min **00** sec

Median round **$5.9M** Rounds led **0 of 118** Sole investor **28 rounds**

Pitch Industrial Bank of Korea

## Industrial Bank of Korea highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Series B: 62% of its rounds
- 03 Sole investor in 28 rounds, median $5.1M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Classifieds Commercial Insurance
- **Based in:** Seoul, South Korea
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **118 appearances**

- **2025** 25 rounds
- **Nov** **[FUST Lab](https://millionrounds.com/company/fust-lab)** Seed · KR **$2.1M** With 3 others
- **Nov** **[Umag](https://millionrounds.com/company/umag)** Venture **Undisclosed** With 2 others
- **Oct** **[Korea Deep Learning](https://millionrounds.com/company/korea-deep-learning)** Series A **$8.6M** Sole investor
- **Oct** **[Dexter Studios](https://millionrounds.com/company/dexter-studios)** Debt **$9.5M** With 1 other
- **Oct** **[Gadget korea](https://millionrounds.com/company/gadget-korea)** Venture **$7.7M** With 2 others
- **Sept** **[SCBIO](https://millionrounds.com/company/scbio)** Seed **$10M** With 1 other
- **Sept** **[Raion Robotics](https://millionrounds.com/company/raion-robotics)** Series A **$17M** With 3 others
- **Sept** **[ASET](https://millionrounds.com/company/aset)** Seed **$2.1M** With 1 other
- **Aug** **[Smart Food Networks](https://millionrounds.com/company/smart-food-networks)** Series C **$11M** With 1 other
- **Jul** **[StudioBside](https://millionrounds.com/company/studiobside)** Venture **Undisclosed** With 3 others
- **Jul** **[Arobot](https://millionrounds.com/company/arobot)** Series A **$7.3M** With 2 others
- **Jul** **[Preneu](https://millionrounds.com/company/preneu)** Venture **$11M** Sole investor
- **Jul** **[HT Beyond](https://millionrounds.com/company/ht-beyond)** Series B **$5.1M** Sole investor
- **Jun** **[AD System](https://millionrounds.com/company/ad-system)** Seed **$2.2M** Sole investor
- **Jun** **[Mommom](https://millionrounds.com/company/mommom)** Series A **$3.6M** With 2 others
- **May** **[CARANG](https://millionrounds.com/company/carang)** Series B **$4.9M** With 1 other
- **Apr** **[Heum Labs](https://millionrounds.com/company/heum-labs)** Series B **$7.1M** Sole investor
- **Apr** **[SeedN](https://millionrounds.com/company/seedn)** Series A **$4.5M** With 2 others
- **Apr** **[INTAKE foods](https://millionrounds.com/company/intake-foods)** Series C **$9.2M** With 3 others
- **Apr** **[Guhada](https://millionrounds.com/company/guhada)** Series B **$5.7M** With 1 other
- **Mar** **[Hanpass](https://millionrounds.com/company/hanpass)** Series D **$7K** With 1 other
- **Mar** **[Works Mate](https://millionrounds.com/company/works-mate)** Series B **$2.7M** With 1 other
- **Mar** **[Raywatt](https://millionrounds.com/company/raywatt)** Series A **$5.9M** With 2 others
- **Jan** **[Korea Credit Service](https://millionrounds.com/company/korea-credit-service)** Seed **$1.4M** Sole investor
- **Jan** **[enhans](https://millionrounds.com/company/enhans)** Series B · KR **$12M** With 3 others
- **2024** 30 rounds
- **Dec** **[NUUA](https://millionrounds.com/company/nuua)** Series A **$9.3M** With 3 others
- **Dec** **[The Grim Entertainment](https://millionrounds.com/company/the-grim-entertainment)** Venture **$15M** With 3 others
- **Dec** **[JOINANDJOIN](https://millionrounds.com/company/joinandjoin)** Seed **$4.7M** With 3 others
- **Dec** **[PLANA](https://millionrounds.com/company/plana)** Crowdfunding **$309K** With 2 others
- **Dec** **[KorasRobotics](https://millionrounds.com/company/korasrobotics)** Series A **$2.4M** Sole investor
- **Nov** **[Mepsgen](https://millionrounds.com/company/mepsgen)** Series C **$15M** With 2 others
- **Nov** **[Roumit](https://millionrounds.com/company/roumit)** Venture **$4.3M** Sole investor
- **Nov** **[Kookmin Bio](https://millionrounds.com/company/kookmin-bio)** Series B · KR **$2.4M** With 1 other
- **Nov** **[Storelink](https://millionrounds.com/company/storelink)** Series C **$2.9M** With 4 others
- **Oct** **[H Energy](https://millionrounds.com/company/h-energy)** Series C **$30M** With 3 others
- **Oct** **[Bio Design Lab](https://millionrounds.com/company/bio-design-lab)** Series B · KR **$5.0M** With 3 others
- **Oct** **[FIRMMIT](https://millionrounds.com/company/firmmit)** Series B **$7.4M** With 3 others
- **Sept** **[PGT](https://millionrounds.com/company/pgt)** Series D **$30M** With 2 others
- **Sept** **[CHEXCAR](https://millionrounds.com/company/chexcar)** Series B **$5.2M** With 2 others
- **Sept** **[Finit](https://millionrounds.com/company/finit)** Series A **$5.2M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Series A Series B Venture

Median round joined **$5.9M** the round, not its cheque Alone, median **$5.1M**

Led 0 of 118 rounds **0%**

- **Sole investor:** 28 rounds
- **Last cheque:** Nov 2025

Rounds by stage said on their site

- Series A *42*
- Series B *29*
- Venture *20*
- Seed *11*
- Series C *9*
- Series D *3*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Korea Investment Partners](https://millionrounds.com/fund/korea-investment-partners) 18
- [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) 16
- [Korea Development Bank](https://millionrounds.com/fund/korea-development-bank) 12
- [B Capital](https://millionrounds.com/fund/b-capital) 10
- [Korea Credit Guarantee Fund](https://millionrounds.com/fund/korea-credit-guarantee-fund) 10
- [KB Investment](https://millionrounds.com/fund/kb-investment) 6

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## Who they invest alongside

The investors most often in the same rounds as Industrial Bank of Korea. A count of rooms they were both in, not a relationship either has claimed.

[**Korea Investment Partners** VC firm **18** rounds together](https://millionrounds.com/fund/korea-investment-partners)[**Korea Tech Incubator Program For Startup** Government **16** rounds together](https://millionrounds.com/fund/tips-program)[**Korea Development Bank** Government **12** rounds together](https://millionrounds.com/fund/korea-development-bank)[**B Capital** VC firm **10** rounds together](https://millionrounds.com/fund/b-capital)[**Korea Credit Guarantee Fund** VC firm **10** rounds together](https://millionrounds.com/fund/korea-credit-guarantee-fund)[**KB Investment** VC firm **6** rounds together](https://millionrounds.com/fund/kb-investment)[**KB Securities** VC firm **6** rounds together](https://millionrounds.com/fund/kb-securities)[**Smilegate Investment** Growth equity **6** rounds together](https://millionrounds.com/fund/smilegate-investment)[**Aju IB Investment** VC firm **5** rounds together](https://millionrounds.com/fund/aju-ib-investment)[**FuturePlay** Accelerator **5** rounds together](https://millionrounds.com/fund/futureplay)[**Hana Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/hana-ventures)[**Atinum Investment** VC firm **4** rounds together](https://millionrounds.com/fund/atinum-investment)

## Recently backed

The latest companies Industrial Bank of Korea put money into.

[**FUST Lab** $2.1M · Nov 2025](https://millionrounds.com/company/fust-lab)[**Umag** Nov 2025](https://millionrounds.com/company/umag)[**Raion Robotics** $17M · Sept 2025](https://millionrounds.com/company/raion-robotics)[**ASET** $2.1M · Sept 2025](https://millionrounds.com/company/aset)[**Smart Food Networks** $11M · Aug 2025](https://millionrounds.com/company/smart-food-networks)[**StudioBside** Jul 2025](https://millionrounds.com/company/studiobside)

## Quick answers about Industrial Bank of Korea

### What does Industrial Bank of Korea invest in?

Industrial Bank of Korea invests most often at Series A and Series B (62% of the rounds on record), in sectors such as Classifieds and Commercial Insurance.

### How active is Industrial Bank of Korea?

118 investments on record, 2 of them in the last 12 months. The most recent was in Nov 2025.

### What has Industrial Bank of Korea invested in recently?

Its most recent investments on record: FUST Lab (Seed, Nov 2025), Umag (Venture, Nov 2025) and Korea Deep Learning (Series A, Oct 2025).

### How big are Industrial Bank of Korea's cheques?

The median round it joins is $5.9M.

### Does Industrial Bank of Korea lead rounds?

Rarely, if at all: none of its 118 investments on record names it as the lead.

### Is Industrial Bank of Korea investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Industrial Bank of Korea invest alongside?

Most often Korea Investment Partners (18 rounds together), Korea Tech Incubator Program For Startup (16 rounds together) and Korea Development Bank (12 rounds together).

### What kind of investor is Industrial Bank of Korea?

Industrial Bank of Korea is a VC firm based in Seoul, South Korea.

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