# Softbank Korea: portfolio, investments and team

> Softbank Korea is a vc firm based in South Korea. 62 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team.

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

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

# Softbank Korea

No cheque observed since Dec 2019, after 62 earlier cheques, and the website is dead.

Dormant VC firm

Growth Seed Series A Apps Augmented & Virtual Reality (AR/VR) B2B

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 62 on record

Since the last cheque **2516** days **00** hrs **00** min **00** sec

Median round **$18M** Rounds led **2 of 62** Sole investor **20 rounds** Exits **1 from the portfolio** Mostly in **South Korea, 49%**

Pitch Softbank Korea

## Softbank Korea highlights

- 01 62 rounds on record
- 02 Mostly Series A and Venture: 58% of its rounds
- 03 Sole investor in 20 rounds, median $1.0M
- 04 1 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth Seed Series A Series B
- **Sectors:** Apps Augmented & Virtual Reality (AR/VR) B2B
- **Based in:** Seoul, South Korea
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **62 appearances**

- **2019** 4 rounds
- **Dec** **[Style Theory](https://millionrounds.com/company/style-theory)** Series B · ID · TechCrunch **$15M** *Led*
- **Nov** **[OPay](https://millionrounds.com/company/opay)** Series B · NG · FinSMEs **$120M** With 9 others
- **Jun** **[Mythic](https://millionrounds.com/company/mythic)** Series B · US · FinSMEs **$30M** With 10 others
- **Apr** **[Blueshift](https://millionrounds.com/company/blueshift)** Series B · US · FinSMEs **$15M** *Led*
- **2018** 2 rounds
- **Jul** **[Zepl](https://millionrounds.com/company/zepl)** US · FinSMEs **$5.0M** Sole investor
- **Apr** **[PlaySight Interactive](https://millionrounds.com/company/playsight-interactive)** Series C · US · FinSMEs **$21M** With 1 other
- **2017** 2 rounds
- **Nov** **[MyMusicTaste](https://millionrounds.com/company/mymusictaste)** Series C · KR · TechCrunch **$11M** With 6 others
- **Nov** **[ShopBack](https://millionrounds.com/company/shopback)** SG · TechCrunch **$25M** With 8 others
- **2015** 4 rounds
- **Nov** **[Lunit Inc.](https://millionrounds.com/company/lunit-inc)** Venture · KR **$2.0M** With 2 others
- **Aug** **[RedMart](https://millionrounds.com/company/redmart)** Series C · SG **$27M** With 4 others
- **Jun** **[MangoPlate](https://millionrounds.com/company/mangoplate)** Series A · KR **$6.1M** With 2 others
- **Feb** **[enuma](https://millionrounds.com/company/enuma)** Series A · US **$4.0M** With 6 others
- **2014** 21 rounds
- **Dec** **[Chinada](https://millionrounds.com/company/chinada)** Series A · KR **$1.0M** With 1 other
- **Nov** **[Toss Lab, Inc.](https://millionrounds.com/company/toss-lab-inc)** Seed · KR **$2.0M** With 1 other
- **Oct** **[MangoPlate](https://millionrounds.com/company/mangoplate)** Seed · KR **$900K** With 1 other
- **Oct** **[KnowRe](https://millionrounds.com/company/knowre)** Venture · US **$6.8M** With 4 others
- **Sept** **[HelloNature](https://millionrounds.com/company/hellonature)** Venture · KR **$1.4M** With 1 other
- **Aug** **[Korbit](https://millionrounds.com/company/korbit)** Series A · KR **$3.0M** With 5 others
- **Aug** **[Qualson Inc](https://millionrounds.com/company/qualson-inc)** Series A · KR **$1.6M** With 2 others
- **Jul** **[Wave3Studio](https://millionrounds.com/company/wave3studio)** Series A **$500K** Sole investor
- **Jul** **[Naldo](https://millionrounds.com/company/naldo)** Series A · KR **Undisclosed** With 1 other
- **Jul** **[Wildfire Korea](https://millionrounds.com/company/wildfire-korea)** Series A **Undisclosed** Sole investor
- **Jul** **[RedMart](https://millionrounds.com/company/redmart)** Series B · SG **$23M** With 5 others
- **Jul** **[iFunFactory](https://millionrounds.com/company/ifunfactory)** Series A · KR **$2.0M** With 2 others
- **Jun** **[Stronghold Technology](https://millionrounds.com/company/stronghold-technology)** Series A · KR **$981K** Sole investor
- **Jun** **[SYSTRAN](https://millionrounds.com/company/systran)** Growth · FR **Undisclosed** Sole investor
- **Apr** **[Real Estate Direct](https://millionrounds.com/company/real-estate-direct)** Series A **$1.4M** Sole investor
- **Apr** **[Dadam Game](https://millionrounds.com/company/dadam-game)** Seed · KR **$3.8M** With 1 other
- **Mar** **[Turbo Studios](https://millionrounds.com/company/turbo-studios)** Seed · US **Undisclosed** Sole investor
- **Mar** **[Ini3 Digital](https://millionrounds.com/company/ini3-digital)** TH **Undisclosed** Sole investor
- **Jan** **[cocone](https://millionrounds.com/company/cocone)** JP **$4.7M** Sole investor
- **Jan** **[Buzzvil](https://millionrounds.com/company/buzzvil)** Series A · KR **$3.0M** Sole investor
- **Jan** **[IDINCU](https://millionrounds.com/company/idincu)** Series B · KR **$4.0M** With 2 others
- **2013** 16 rounds
- **Oct** **[Play Megaphone](https://millionrounds.com/company/play-megaphone)** Series B · US · marketbrief.com **$4.3M** Sole investor
- **Aug** **[MirageWorks](https://millionrounds.com/company/mirageworks)** Series C · KR **Undisclosed** Sole investor
- **Aug** **[Healcerion](https://millionrounds.com/company/healcerion)** Series A · KR **$717K** Sole investor
- **Aug** **[DramaFever](https://millionrounds.com/company/dramafever)** Debt · US **$1.5M** Sole investor
- **Jul** **[SEWORKS](https://millionrounds.com/company/seworks)** Seed · US **$2.0M** With 1 other
- **Jul** **[SEWORKS](https://millionrounds.com/company/seworks)** Series A · US · besuccess.com **$2.0M** With 1 other
- **Jun** **[Bellwave Co](https://millionrounds.com/company/bellwave-co)** Venture · KR **$13M** With 1 other

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 team

We hold **7** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[DramaFever](https://millionrounds.com/company/dramafever)** Bought by [SoftBank](https://millionrounds.com/fund/softbank) **Undisclosed** Oct 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Growth Seed Series A

Median round joined **$18M** the round, not its cheque Alone, median **$1.0M**

Led 2 of 62 rounds **3%**

- **Sole investor:** 20 rounds
- **Last cheque:** Dec 2019
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series A said *21*
- Venture *11*
- Seed said *11*
- Series B said *8*
- Series C *4*
- Growth said *-*

Cheques by year Led Joined

2008 2019

Often in the room with

- [Stonebridge Capital](https://millionrounds.com/fund/stonebridge-capital) 8
- [Capstone Partners Korea](https://millionrounds.com/fund/capstone-partners-korea) 4
- [KTB Ventures](https://millionrounds.com/fund/ktb-ventures) 3
- [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures) 3
- [Eduardo Saverin](https://millionrounds.com/fund/eduardo-saverin) 2
- [Formation 8](https://millionrounds.com/fund/formation-8) 2

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## Who they invest alongside

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

[**Stonebridge Capital** Private equity **8** rounds together](https://millionrounds.com/fund/stonebridge-capital)[**Capstone Partners Korea** VC firm **4** rounds together](https://millionrounds.com/fund/capstone-partners-korea)[**KTB Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/ktb-ventures)[**Qualcomm Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/qualcomm-ventures)[**Eduardo Saverin** VC firm **2** rounds together](https://millionrounds.com/fund/eduardo-saverin)[**Formation 8** VC firm **2** rounds together](https://millionrounds.com/fund/formation-8)[**Garena** VC firm **2** rounds together](https://millionrounds.com/fund/garena)[**KTB network** Growth equity **2** rounds together](https://millionrounds.com/fund/ktb-network)[**MVP Capital (MVPC)** VC firm **2** rounds together](https://millionrounds.com/fund/mvp-capital-mvpc)[**Qualcomm** Corporate VC **2** rounds together](https://millionrounds.com/fund/qualcomm)[**SparkLabs Global Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/sparklabs-global-ventures)[**Visionnaire Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/visionnaire-ventures)

## Recently backed

The latest companies Softbank Korea put money into.

[**Mythic** $30M · Jun 2019](https://millionrounds.com/company/mythic)[**Blueshift** $15M · Apr 2019](https://millionrounds.com/company/blueshift)[**Zepl** $5.0M · Jul 2018](https://millionrounds.com/company/zepl)[**PlaySight Interactive** $21M · Apr 2018](https://millionrounds.com/company/playsight-interactive)[**MyMusicTaste** $11M · Nov 2017](https://millionrounds.com/company/mymusictaste)[**ShopBack** $25M · Nov 2017](https://millionrounds.com/company/shopback)

## Quick answers about Softbank Korea

### What does Softbank Korea invest in?

Softbank Korea invests most often at Series A and Venture (58% of the rounds on record), in sectors such as Apps, Augmented & Virtual Reality (AR/VR) and B2B.

### How active is Softbank Korea?

62 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Dec 2019.

### What has Softbank Korea invested in recently?

Its most recent investments on record: Style Theory (Series B, Dec 2019), OPay (Series B, Nov 2019) and Mythic (Series B, Jun 2019).

### How big are Softbank Korea's cheques?

The median round it joins is $18M.

### Does Softbank Korea lead rounds?

Sometimes: it led 2 of its 62 investments on record (3%).

### Where does Softbank Korea invest?

Most of the companies it backs are in South Korea (49%), the United States (30%) and Singapore (8%).

### Is Softbank Korea investing now?

It looks quiet: no investment on record since Dec 2019.

### Who does Softbank Korea invest alongside?

Most often Stonebridge Capital (8 rounds together), Capstone Partners Korea (4 rounds together) and KTB Ventures (3 rounds together).

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