FuturePlay

FuturePlay is a prominent deep tech accelerator and early-stage venture capital firm based in Seoul, South Korea. Established with a clear mission to foster innovation in complex technological domains, the firm specializes in identifying, nurturing, and investing in startups across various deep tech sectors, including artificial intelligence, robotics, biotechnology, new materials, and smart cities. FuturePlay operates with a unique hybrid model, combining the structured support of an accelerator program with the strategic capital deployment of a venture fund, positioning itself as a crucial enabler for nascent deep tech ventures in the Korean ecosystem and beyond.

The firm's investment strategy is primarily focused on the seed to pre-Series A stages, providing critical early capital and comprehensive operational support. FuturePlay is known for its hands-on approach, offering extensive mentorship, technical assistance, and market access to its portfolio companies, helping them navigate the challenging path from R&D to commercialization. Its commitment to the deep tech sector is underscored by its substantial fundraising efforts, including a significant fund of approximately ₩150 billion KRW (around $130 million USD) raised in 2021, followed by another ₩100 billion KRW (approximately $77 million USD) fund in 2023, bringing its total assets under management to approximately ₩300 billion KRW.

FuturePlay's typical first cheque sizes reflect its dual role, ranging from initial accelerator investments to more substantial seed rounds. They aim to be a long-term partner, often participating in follow-on rounds as companies mature. The firm plays a vital role in bridging the gap between academic research and market-ready products, actively collaborating with universities, research institutions, and large corporations to identify promising technologies and facilitate their spin-off into viable businesses. This strategic approach has solidified FuturePlay's reputation as a leading force in the South Korean deep tech investment landscape, contributing significantly to the growth and global competitiveness of its portfolio companies.