# Mashup Ventures: portfolio, investments and team

> Mashup Ventures is a vc firm based in South Korea. 25 investments on record, 7 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Mashup Ventures

Last cheque observed Oct 2026; 25 cheques on record.

Email

Deploying now VC firm

Pre-seed Seed Series A AI Robotics Commerce

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Deploying now

**64%** of best year **7** **cheques in 12 months**, 25 on record

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

Median round **$1.5M** Rounds led **0 of 25** Sole investor **2 rounds** Mostly in **United States, 55%**

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## Mashup Ventures highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Seed and Series A: 56% of its rounds
- 03 Sole investor in 2 rounds, median $928K

## What they do

> Mashup Ventures invests in early-stage startups in the IT field and supports startups to grow quickly through a network of founders. Translated from Korean, from their own website

- **Type:** VC firm
- **Cheque size:** Up to $500K as they say
- **Stages:** Pre-seed Seed Series A
- **Sectors:** AI Robotics Commerce
- **Based in:** Seoul, South Korea
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **25 appearances**

- **2026** 5 rounds
- **Oct** **[NanoForge AI](https://millionrounds.com/company/nanoforge-ai)** Seed · KR · Wowtale **$11M** With 5 others
- **May** **[REMEX Liquidation](https://millionrounds.com/company/remex-liquidation)** Series B · US **$4.2M** With 4 others
- **Feb** **[Holoceive](https://millionrounds.com/company/holoceive)** Venture **Undisclosed** With 1 other
- **Feb** **[QSTEM](https://millionrounds.com/company/qstem)** Seed · KR **$1.5M** With 1 other
- **Feb** **[Open Asset](https://millionrounds.com/company/open-asset)** Venture **Undisclosed** With 3 others
- **2025** 9 rounds
- **Dec** **[Sorce](https://millionrounds.com/company/sorce)** Pre-seed · US **$500K** With 4 others
- **Nov** **[Cuckoo](https://millionrounds.com/company/cuckoo)** Seed · US **$1.7M** With 3 others
- **Aug** **[Rentree](https://millionrounds.com/company/rentree)** Series A **$3.0M** With 3 others
- **Aug** **[Gym Walk](https://millionrounds.com/company/gym-walk)** Grant **$361K** With 1 other
- **Jul** **[Purple AI](https://millionrounds.com/company/purple-ai)** Venture **Undisclosed** With 1 other
- **Jun** **[Serro](https://millionrounds.com/company/serro)** Pre-seed · US **$3.2M** With 2 others
- **Jun** **[ByTeams](https://millionrounds.com/company/byteams)** Pre-seed · US **$1.1M** Sole investor
- **Jan** **[Airbility](https://millionrounds.com/company/airbility)** Seed · KR **$1.7M** With 5 others
- **Jan** **[Vivident](https://millionrounds.com/company/vivident)** Seed · SG **$1.5M** With 3 others
- **2024** 10 rounds
- **Oct** **[Shipda](https://millionrounds.com/company/shipda)** Venture **Undisclosed** With 3 others
- **Aug** **[Opt-AI](https://millionrounds.com/company/opt-ai)** Seed · KR **$1.5M** With 2 others
- **Aug** **[Safetics](https://millionrounds.com/company/safetics)** Series A **$1.5M** With 2 others
- **Aug** **[Ugly Lab](https://millionrounds.com/company/ugly-lab)** Seed **$1.9M** With 2 others
- **Aug** **[Velymonkeys](https://millionrounds.com/company/velymonkeys)** Series B **$9.1M** With 2 others
- **Jul** **[StepHow](https://millionrounds.com/company/stephow)** Seed **$288K** With 1 other
- **Jun** **[Lion Rocket](https://millionrounds.com/company/lion-rocket)** Venture **$9.8M** With 4 others
- **Apr** **[Pasa](https://millionrounds.com/company/pasa)** Series A **$1.4M** With 1 other
- **Feb** **[Aiden Lab](https://millionrounds.com/company/aiden-lab)** Series A **$755K** Sole investor
- **Jan** **[Carat AI](https://millionrounds.com/company/carat-ai)** Series A **$1.5M** With 1 other
- **2023** 1 round
- **May** **[Lime AI](https://millionrounds.com/company/lime-ai)** Seed · US **$973K** 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.

## What they claim to have backed

From their own portfolio page (on their website)

**1** of 8 we have independently watched raise

[Besuccess](https://millionrounds.com/company/besuccess) AI 유니콘 뤼튼, Chosun Etnews Hankyung Sedaily Wrtn 뉴스레터 구독

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.5M** the round, not its cheque Alone, median **$928K**

Led 0 of 25 rounds **0%**

- **Said size:** Up to $500K
- **Sole investor:** 2 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Seed said *9*
- Series A said *5*
- Venture *5*
- Pre-seed said *3*
- Series B *2*
- Grant *1*

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) 10
- [FuturePlay](https://millionrounds.com/fund/futureplay) 4
- [BonAngels Venture Partners](https://millionrounds.com/fund/bon-angels) 3
- [Hana Ventures](https://millionrounds.com/fund/hana-ventures) 3
- [Korea Investment Partners](https://millionrounds.com/fund/korea-investment-partners) 2
- [NAVER D2SF](https://millionrounds.com/fund/naver-d2sf) 2

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## Who they invest alongside

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

[**Korea Tech Incubator Program For Startup** Government **10** rounds together](https://millionrounds.com/fund/tips-program)[**FuturePlay** Accelerator **4** rounds together](https://millionrounds.com/fund/futureplay)[**BonAngels Venture Partners** Accelerator **3** rounds together](https://millionrounds.com/fund/bon-angels)[**Hana Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/hana-ventures)[**Korea Investment Partners** VC firm **2** rounds together](https://millionrounds.com/fund/korea-investment-partners)[**NAVER D2SF** Accelerator **2** rounds together](https://millionrounds.com/fund/naver-d2sf)[**Ridge Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/ridge-ventures)[**Smilegate Investment** Growth equity **2** rounds together](https://millionrounds.com/fund/smilegate-investment)[**Stonebridge Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/stonebridge-ventures)[**Strong Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/strong-ventures)[**Y Combinator** Accelerator **2** rounds together](https://millionrounds.com/fund/y-combinator)

## Recently backed

The latest companies Mashup Ventures put money into.

[**NanoForge AI** $11M · Oct 2026](https://millionrounds.com/company/nanoforge-ai)[**REMEX Liquidation** $4.2M · May 2026](https://millionrounds.com/company/remex-liquidation)[**Open Asset** Feb 2026](https://millionrounds.com/company/open-asset)[**Sorce** $500K · Dec 2025](https://millionrounds.com/company/sorce)[**Cuckoo** $1.7M · Nov 2025](https://millionrounds.com/company/cuckoo)[**Rentree** $3.0M · Aug 2025](https://millionrounds.com/company/rentree)

## Quick answers about Mashup Ventures

### What does Mashup Ventures invest in?

Mashup Ventures invests most often at Seed and Series A (56% of the rounds on record), in sectors such as AI, Robotics and Commerce.

### How active is Mashup Ventures?

25 investments on record, 7 of them in the last 12 months. The most recent was in Oct 2026.

### What has Mashup Ventures invested in recently?

Its most recent investments on record: NanoForge AI (Seed, Oct 2026), REMEX Liquidation (Series B, May 2026) and Holoceive (Venture, Feb 2026).

### How big are Mashup Ventures's cheques?

The median round it joins is $1.5M.

### Does Mashup Ventures lead rounds?

Rarely, if at all: none of its 25 investments on record names it as the lead.

### Where does Mashup Ventures invest?

Most of the companies it backs are in the United States (55%), South Korea (36%) and Singapore (9%).

### Is Mashup Ventures investing now?

Yes: it is actively investing, with 7 investments in the last 12 months.

### Who does Mashup Ventures invest alongside?

Most often Korea Tech Incubator Program For Startup (10 rounds together), FuturePlay (4 rounds together) and BonAngels Venture Partners (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=mashup-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=mashup-ventures)