# Korea Development Bank: portfolio, investments and team

> Korea Development Bank is a government based in South Korea. 205 investments on record, 31 in the last 12 months, latest Oct 2026.

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

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

# Korea Development Bank

Last cheque observed Oct 2026; 205 cheques on record.

Email

Deploying now New fund $5.6B, Oct 2026 Government Website unconfirmed

Seed Series A Series B Smart Factory 3d-printing Advanced Manufacturing

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Deploying now

**76%** of best year **31** **cheques in 12 months**, 205 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **0 of 205** Sole investor **15 rounds** Mostly in **South Korea, 55%**

Pitch Korea Development Bank

## Korea Development Bank highlights

- 01 31 cheques in the last 12 months
- 02 Mostly Series B and Venture: 59% of its rounds
- 03 Sole investor in 15 rounds, median $11M

## What they do

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Smart Factory 3d-printing Advanced Manufacturing
- **Based in:** Seoul, South Korea
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=korea-development-bank).

## The record

Every round we can evidence, newest first **205 appearances**

- **2026** 21 rounds
- **Oct** **[NanoForge AI](https://millionrounds.com/company/nanoforge-ai)** Seed · KR · Wowtale **$11M** With 5 others
- **Oct** **[FuriosaAI](https://millionrounds.com/company/furiosaai)** Series D · KR · Google News search **$620M** With 30 others
- **Oct** **[Trior](https://millionrounds.com/company/trior)** Series C · KR · Wowtale **$25M** With 9 others
- **Sept** **[National Mechanical Services](https://millionrounds.com/company/national-mechanical-services)** Series A · US · Google News search **$250K** With 3 others
- **Aug** **[Liner](https://millionrounds.com/company/liner)** Series A · US · AlleyWatch **$36M** With 8 others
- **Jun** **[Unastella](https://millionrounds.com/company/unastella)** Series B · KR · TechCrunch **$24M** With 6 others
- **Jun** **[Nventric](https://millionrounds.com/company/nventric)** Venture · US **$23M** With 3 others
- **May** **[XCENA](https://millionrounds.com/company/xcena)** Series B · KR · TechCrunch **$135M** With 6 others
- **May** **[Superb AI](https://millionrounds.com/company/superb-ai)** Grant · US **$9.5M** With 2 others
- **May** **[Config](https://millionrounds.com/company/config)** Seed · US **$27M** With 1 other
- **Apr** **[MangoBoost](https://millionrounds.com/company/mangoboost)** Series B · US **$6.7M** With 4 others
- **Mar** **[BOS Semiconductors](https://millionrounds.com/company/bos-semiconductors)** Series A · KR · KoreaTechDesk **$65M** With 4 others
- **Mar** **[ActionPower](https://millionrounds.com/company/actionpower)** Series B **$4.1M** With 2 others
- **Mar** **[Autonomous a2z](https://millionrounds.com/company/autonomous-a2z)** KoreaTechDesk **$27M** With 2 others
- **Feb** **[Galux](https://millionrounds.com/company/galux)** Series B · KR · TechStartups **$29M** With 9 others
- **Feb** **[Upstage](https://millionrounds.com/company/upstage)** Venture · KR **$33M** With 2 others
- **Feb** **[Uniqconn](https://millionrounds.com/company/uniqconn)** Series B **$13M** With 3 others
- **Jan** **[PABLO AIR](https://millionrounds.com/company/pablo-air)** Venture **Undisclosed** With 2 others
- **Jan** **[Enlighten](https://millionrounds.com/company/enlighten)** Venture **$21M** With 2 others
- **Jan** **[Aniai](https://millionrounds.com/company/aniai)** Seed · US **$4.0M** With 4 others
- **Jan** **[AiderX](https://millionrounds.com/company/aiderx)** Seed **$6.8M** With 2 others
- **2025** 37 rounds
- **Dec** **[Niobium](https://millionrounds.com/company/niobium)** Seed · US · TechStartups **$23M** With 10 others
- **Dec** **[Medistream](https://millionrounds.com/company/medistream)** Venture **$19M** With 3 others
- **Dec** **[Share It](https://millionrounds.com/company/share-it)** Series C **$5.4M** With 1 other
- **Dec** **[Meissa](https://millionrounds.com/company/meissa)** Venture **$6.8M** With 2 others
- **Dec** **[RideFlux](https://millionrounds.com/company/rideflux)** Venture · KR **$14M** With 1 other
- **Dec** **[Neubility](https://millionrounds.com/company/neubility)** Series B · KR **$17M** With 3 others
- **Dec** **[Orum Therapeutics](https://millionrounds.com/company/orum-therapeutics)** **$98M** With 4 others
- **Dec** **[GINT](https://millionrounds.com/company/gint)** Series C **$9.8M** With 1 other
- **Dec** **[My Brown](https://millionrounds.com/company/my-brown)** Venture **$12M** Sole investor
- **Nov** **[DAIM Research](https://millionrounds.com/company/daim-research)** Venture · KR **$15M** With 4 others
- **Oct** **[Habit Factory](https://millionrounds.com/company/habit-factory)** Series D **$24M** With 3 others
- **Oct** **[Apartmentary](https://millionrounds.com/company/apartmentary)** Venture **Undisclosed** With 2 others
- **Oct** **[Daedong Agtech](https://millionrounds.com/company/daedong-agtech)** Venture **$11M** With 1 other
- **Oct** **[Snap Company](https://millionrounds.com/company/snap-company)** Venture **$15M** Sole investor
- **Sept** **[Yeoshin](https://millionrounds.com/company/yeoshin)** Series C **$7.2M** With 2 others
- **Aug** **[Qunova Computing, Inc.](https://millionrounds.com/company/qunova-computing-inc)** Series A **$10M** With 1 other
- **Jul** **[Amogy](https://millionrounds.com/company/amogy)** US · TechCrunch **$23M** With 4 others
- **Jul** **[Beyond Honeycomb](https://millionrounds.com/company/beyond-honeycomb)** Series A **$7.3M** With 2 others
- **Jul** **[Illimis Therapeutics](https://millionrounds.com/company/illimis-therapeutics)** Series B **$42M** 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.

New fund on file

**$5.6B**

raised in Oct 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$12M** the round, not its cheque Alone, median **$11M**

Led 0 of 205 rounds **0%**

- **Sole investor:** 15 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series B said *65*
- Venture *49*
- Series A said *33*
- Series C *27*
- Series D *11*
- Seed said *7*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) 53
- [KB Investment](https://millionrounds.com/fund/kb-investment) 29
- [Korea Investment Partners](https://millionrounds.com/fund/korea-investment-partners) 26
- [IMM Investment](https://millionrounds.com/fund/imm-investment-corp) 22
- [Premier Partners](https://millionrounds.com/fund/premier-partners) 18
- [NAVER D2SF](https://millionrounds.com/fund/naver-d2sf) 14

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## Who they invest alongside

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

[**Korea Tech Incubator Program For Startup** Government **53** rounds together](https://millionrounds.com/fund/tips-program)[**KB Investment** VC firm **29** rounds together](https://millionrounds.com/fund/kb-investment)[**Korea Investment Partners** VC firm **26** rounds together](https://millionrounds.com/fund/korea-investment-partners)[**IMM Investment** VC firm **22** rounds together](https://millionrounds.com/fund/imm-investment-corp)[**Premier Partners** VC firm **18** rounds together](https://millionrounds.com/fund/premier-partners)[**NAVER D2SF** Accelerator **14** rounds together](https://millionrounds.com/fund/naver-d2sf)[**Industrial Bank of Korea** VC firm **13** rounds together](https://millionrounds.com/fund/industrial-bank-of-korea)[**Smilegate Investment** Growth equity **13** rounds together](https://millionrounds.com/fund/smilegate-investment)[**B Capital** VC firm **12** rounds together](https://millionrounds.com/fund/b-capital)[**Kakao Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/kakao-ventures)[**LB Investment** Private equity **11** rounds together](https://millionrounds.com/fund/lb-investment)[**Capstone Partners** VC firm **10** rounds together](https://millionrounds.com/fund/capstone-partners-co-ltd)

## Recently backed

The latest companies Korea Development Bank put money into.

[**NanoForge AI** $11M · Oct 2026](https://millionrounds.com/company/nanoforge-ai)[**FuriosaAI** $620M · Oct 2026](https://millionrounds.com/company/furiosaai)[**National Mechanical Services** $250K · Sept 2026](https://millionrounds.com/company/national-mechanical-services)[**Unastella** $24M · Jun 2026](https://millionrounds.com/company/unastella)[**XCENA** $135M · May 2026](https://millionrounds.com/company/xcena)[**Config** $27M · May 2026](https://millionrounds.com/company/config)

## Quick answers about Korea Development Bank

### What does Korea Development Bank invest in?

Korea Development Bank invests most often at Series B and Venture (59% of the rounds on record), in sectors such as Smart Factory, 3d-printing and Advanced Manufacturing.

### How active is Korea Development Bank?

205 investments on record, 31 of them in the last 12 months. The most recent was in Oct 2026.

### What has Korea Development Bank invested in recently?

Its most recent investments on record: NanoForge AI (Seed, Oct 2026), FuriosaAI (Series D, Oct 2026) and Trior (Series C, Oct 2026).

### How big are Korea Development Bank's cheques?

The median round it joins is $12M.

### Does Korea Development Bank lead rounds?

Rarely, if at all: none of its 205 investments on record names it as the lead.

### Where does Korea Development Bank invest?

Most of the companies it backs are in South Korea (55%) and the United States (45%).

### Is Korea Development Bank investing now?

Yes: it is actively investing, with 31 investments in the last 12 months.

### Who does Korea Development Bank invest alongside?

Most often Korea Tech Incubator Program For Startup (53 rounds together), KB Investment (29 rounds together) and Korea Investment Partners (26 rounds together).

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