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HG Initiative

Asia, Kyonggi-do, South Korea, Seongdong

Description

HGI runs an impact-driven business, seeking to address diverse social issues through sustainable innovations.

Investor Profile

HG Initiative has backed more than 6 startups, with 2 new investments in the last 12 months alone. The firm has led 1 rounds, about 17% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in South Korea, United States.
  • Strong thematic focus on Artificial Intelligence (AI), Biotechnology, Machine Learning.

Stage Focus

  • Seed (33%)
  • Series B (33%)
  • Series A (33%)

Country Focus

  • South Korea (83%)
  • United States (17%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Biotechnology
  • Machine Learning
  • Medical
  • Oncology
  • Veterinary
  • Fuel
  • Fuel Cell
  • Manufacturing
  • Consulting
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does HG Initiative frequently co-invest with?

Primer Sazze Partners
North America, California, United States, San Jose
Co-Investments: 1
Draper Dragon
North America, California, United States, San Mateo
Co-Investments: 1
ES Investor
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 1
DSC Investment
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 1
Draper Associates
North America, California, United States, San Mateo
Co-Investments: 1
JB Investment
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 2
Translink Investment
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 1
FuturePlay
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 1
Murex Partners
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 1
BonAngels Venture Partners
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 1

What are some of recent deals done by HG Initiative?

PAWCHI

Seoul, Seoul-t'ukpyolsi, South Korea

PAWCHI is a pet insurance company.

FinanceInsurancePet
Series AApr 29, 2025
Amount Raised: $4,189,472
ASWEMAKE

Incheon, Inch'on-jikhalsi, South Korea

ASWEMAKE is a shopping app that delivers groceries.

AppsE-CommerceGroceryRetailShopping
Series BSep 24, 2024
Amount Raised: $8,296,377
Mark & Company

Seocho, Seoul-t'ukpyolsi, South Korea

Mark & Company is an open innovation platform that provides app traffic, legal, and accounting consulting services.

ConsultingDatabaseInformation Technology
Series AMay 2, 2022
TerraLIX

Dongan, Kyonggi-do, South Korea

TerraLIX is a manufacturer of fuel cell products.

FuelFuel CellManufacturing
Series BApr 21, 2022
Amount Raised: $8,852,834
Baree

Seoul, Seoul-t'ukpyolsi, South Korea

Baree is an automobile company that offers domestic motorcycle maintenance and second-hand trading of bikes.

AutomotiveMobile AppsSales
SeedMar 16, 2022
ImpriMed

Mountain View, California, United States

ImpriMed provides AI-driven precision medicine services to oncologists and pharmaceutical companies

Artificial Intelligence (AI)BiotechnologyMachine LearningMedicalOncologyVeterinary
SeedApr 13, 2021
Amount Raised: $7,700,000