# Shinhan Capital: portfolio, investments and team

> Shinhan Capital is a vc firm based in South Korea. 74 investments on record, 2 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

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

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

# Shinhan Capital

Last cheque observed Oct 2026; 74 cheques on record.

Deploying now VC firm

Series A Seed Venture Network Security Software

Deploying now

**12%** of best year **2** **cheques in 12 months**, 74 on record

Since the last cheque **3** days **00** hrs **00** min **00** sec

Median round **$3.1M** Rounds led **0 of 74** Sole investor **14 rounds** Mostly in **South Korea, 60%**

Pitch Shinhan Capital

## Shinhan Capital highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Series A and Seed: 56% of its rounds
- 03 Sole investor in 14 rounds, median $1.8M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Network Security Software
- **Based in:** South Korea
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **74 appearances**

- **2026** 2 rounds
- **Oct** **[Trior](https://millionrounds.com/company/trior)** Series C · KR · Wowtale **$25M** With 9 others
- **Jun** **[Alvotech](https://millionrounds.com/company/alvotech)** IS **$165M** With 1 other
- **2025** 1 round
- **Apr** **[HOMES](https://millionrounds.com/company/homes)** Venture **Undisclosed** With 1 other
- **2024** 13 rounds
- **Dec** **[Neutune](https://millionrounds.com/company/neutune)** Seed · KR **$1.4M** With 3 others
- **Nov** **[MDSquare](https://millionrounds.com/company/mdsquare)** Venture **$1.8M** With 1 other
- **Oct** **[Curiosis](https://millionrounds.com/company/curiosis)** Venture **$9.6M** Sole investor
- **Sept** **[GTL Co., Ltd.](https://millionrounds.com/company/gtl-co-ltd)** Grant **$897K** With 1 other
- **Aug** **[Market Stadium](https://millionrounds.com/company/market-stadium)** Seed · US **$1.1M** With 3 others
- **Jul** **[Global Technologies](https://millionrounds.com/company/global-technologies)** Series A **$9.4M** With 2 others
- **May** **[Avelos Therapeutics](https://millionrounds.com/company/avelos-therapeutics)** Series B **$12M** With 1 other
- **Apr** **[DewCell](https://millionrounds.com/company/dewcell)** Series B **$6.6M** With 2 others
- **Apr** **[BioResearchAI](https://millionrounds.com/company/bioresearchai)** Seed **$1.5M** Sole investor
- **Apr** **[Kinolights](https://millionrounds.com/company/kinolights)** Series A **$1.5M** With 3 others
- **Mar** **[Testbank](https://millionrounds.com/company/testbank)** Seed **$1.8M** With 2 others
- **Feb** **[DEEPX](https://millionrounds.com/company/deepx)** Series C · KR **$83M** With 3 others
- **Feb** **[Nventric](https://millionrounds.com/company/nventric)** Series B · US **$11M** With 3 others
- **2023** 15 rounds
- **Dec** **[Lemon Healthcare](https://millionrounds.com/company/lemon-healthcare)** Venture **Undisclosed** With 1 other
- **Dec** **[Eazel](https://millionrounds.com/company/eazel)** Series B · KR **$269K** With 3 others
- **Dec** **[Neona](https://millionrounds.com/company/neona)** Seed **$2.3M** With 1 other
- **Nov** **[Graphene Square](https://millionrounds.com/company/graphene-square)** Venture · KR **$15M** With 2 others
- **Nov** **[Plang.ai](https://millionrounds.com/company/plang-ai)** Series A **$383K** With 2 others
- **Nov** **[Avatar Therapeutics](https://millionrounds.com/company/avatar-therapeutics)** Series A **$3.8M** With 2 others
- **Sept** **[Supergate](https://millionrounds.com/company/supergate)** Series B **$9.7M** With 3 others
- **Aug** **[Spider Lab](https://millionrounds.com/company/spider-lab)** Series A **$3.1M** With 2 others
- **Jul** **[Estate Cloud](https://millionrounds.com/company/estate-cloud)** Venture **Undisclosed** Sole investor
- **Jun** **[Mildang PT](https://millionrounds.com/company/mildang-pt)** Venture **Undisclosed** With 2 others
- **Apr** **[Walkie Doki](https://millionrounds.com/company/walkie-doki)** Venture **Undisclosed** With 1 other
- **Apr** **[CashWalk](https://millionrounds.com/company/cashwalk)** Seed · US **$23M** With 1 other
- **Feb** **[KevinLAB](https://millionrounds.com/company/kevinlab)** Seed **$2.9M** With 2 others
- **Jan** **[EnergyX](https://millionrounds.com/company/energyx)** Series B · KR **$20M** Sole investor
- **Jan** **[Lemonbase](https://millionrounds.com/company/lemonbase)** Series A **$5.7M** With 3 others
- **2022** 21 rounds
- **Dec** **[Xingxing Mobility](https://millionrounds.com/company/xingxing-mobility)** Series B **$16M** With 2 others
- **Dec** **[Caimi](https://millionrounds.com/company/caimi)** Seed **$779K** Sole investor
- **Dec** **[DRX](https://millionrounds.com/company/drx)** Venture **Undisclosed** Sole investor
- **Nov** **[IDID](https://millionrounds.com/company/idid)** Series A **$3.5M** Sole investor
- **Oct** **[Bodycodi](https://millionrounds.com/company/bodycodi)** Series A **$2.8M** With 1 other
- **Oct** **[Nuon Media](https://millionrounds.com/company/nuon-media)** Series A **$2.8M** With 1 other
- **Sept** **[Colley](https://millionrounds.com/company/colley)** Series A **$5.4M** With 1 other
- **Sept** **[AbClon](https://millionrounds.com/company/abclon)** **$15M** With 1 other
- **Aug** **[Culture and Arts for You](https://millionrounds.com/company/culture-and-arts-for-you)** Seed **$744K** Sole investor

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 Seed Venture

Median round joined **$3.1M** the round, not its cheque Alone, median **$1.8M**

Led 0 of 74 rounds **0%**

- **Sole investor:** 14 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Series A *22*
- Seed *17*
- Venture *14*
- Series B *12*
- Series C *5*

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) 22
- [Kakao Ventures](https://millionrounds.com/fund/kakao-ventures) 13
- [Korea Development Bank](https://millionrounds.com/fund/korea-development-bank) 8
- [Korea Credit Guarantee Fund](https://millionrounds.com/fund/korea-credit-guarantee-fund) 5
- [SparkLabs](https://millionrounds.com/fund/spark-labs) 5
- [B Capital](https://millionrounds.com/fund/b-capital) 4

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## Who they invest alongside

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

[**Korea Tech Incubator Program For Startup** Government **22** rounds together](https://millionrounds.com/fund/tips-program)[**Kakao Ventures** VC firm **13** rounds together](https://millionrounds.com/fund/kakao-ventures)[**Korea Development Bank** Government **8** rounds together](https://millionrounds.com/fund/korea-development-bank)[**Korea Credit Guarantee Fund** VC firm **5** rounds together](https://millionrounds.com/fund/korea-credit-guarantee-fund)[**SparkLabs** Accelerator **5** rounds together](https://millionrounds.com/fund/spark-labs)[**B Capital** VC firm **4** rounds together](https://millionrounds.com/fund/b-capital)[**Capstone Partners** VC firm **4** rounds together](https://millionrounds.com/fund/capstone-partners-co-ltd)[**FuturePlay** Accelerator **4** rounds together](https://millionrounds.com/fund/futureplay)[**KB Investment** VC firm **4** rounds together](https://millionrounds.com/fund/kb-investment)[**Korea Investment Partners** VC firm **4** rounds together](https://millionrounds.com/fund/korea-investment-partners)[**Mirae Asset Venture Investment** Fund of funds **4** rounds together](https://millionrounds.com/fund/mirae-asset-venture-investment)[**500 Global** Angel **2** rounds together](https://millionrounds.com/fund/500-startups)

## Recently backed

The latest companies Shinhan Capital put money into.

[**Alvotech** $165M · Jun 2026](https://millionrounds.com/company/alvotech)[**HOMES** Apr 2025](https://millionrounds.com/company/homes)[**Neutune** $1.4M · Dec 2024](https://millionrounds.com/company/neutune)[**MDSquare** $1.8M · Nov 2024](https://millionrounds.com/company/mdsquare)[**Curiosis** $9.6M · Oct 2024](https://millionrounds.com/company/curiosis)[**Market Stadium** $1.1M · Aug 2024](https://millionrounds.com/company/market-stadium)

## Quick answers about Shinhan Capital

### What does Shinhan Capital invest in?

Shinhan Capital invests most often at Series A and Seed (56% of the rounds on record), in sectors such as Network Security and Software.

### How active is Shinhan Capital?

74 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026.

### What has Shinhan Capital invested in recently?

Its most recent investments on record: Trior (Series C, Oct 2026), Alvotech (Undisclosed round, Jun 2026) and HOMES (Venture, Apr 2025).

### How big are Shinhan Capital's cheques?

The median round it joins is $3.1M.

### Does Shinhan Capital lead rounds?

Rarely, if at all: none of its 74 investments on record names it as the lead.

### Where does Shinhan Capital invest?

Most of the companies it backs are in South Korea (60%), the United States (30%) and Iceland (10%).

### Is Shinhan Capital investing now?

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

### Who does Shinhan Capital invest alongside?

Most often Korea Tech Incubator Program For Startup (22 rounds together), Kakao Ventures (13 rounds together) and Korea Development Bank (8 rounds together).

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