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Korea Development Bank

Asia, Seoul-t'ukpyolsi, South Korea, Seoul

Description

Korea Development Bank is a state-owned bank in South Korea that funds major industrial projects.

Investor Profile

Korea Development Bank has backed more than 48 startups, with 20 new investments in the last 12 months alone. The firm has led 6 rounds, about 13% of its total and boasts 10 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in South Korea, United States, China.
  • Strong thematic focus on Software, Artificial Intelligence (AI), Machine Learning.
  • Led 3 rounds in the past year.

Stage Focus

  • Series B (31%)
  • Series A (21%)
  • Series C (19%)
  • Series Unknown (13%)
  • Series D (6%)
  • Series G (4%)
  • Debt Financing (2%)
  • Convertible Note (2%)
  • Seed (2%)

Country Focus

  • South Korea (92%)
  • United States (6%)
  • China (2%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Machine Learning
  • Information Technology
  • Biotechnology
  • Internet
  • E-commerce
  • Saas
  • Fintech
  • Internet Of Things
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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 Korea Development Bank frequently co-invest with?

Industrial Bank of Korea
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 5
Altos Ventures
North America, California, United States, Menlo Park
Co-Investments: 12
SBVA
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 3
Mirae Asset Venture Investment
Asia, Kyonggi-do, South Korea, Seongnam
Co-Investments: 4
IMM Investment
Asia, Cholla-namdo, South Korea, Kangnam
Co-Investments: 4
Korea Investment Partners
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 4
Shinhan Venture Investment
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 5
KB Investment
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 4
KT Investment
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 3
Premier Partners
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 3

What are some of recent deals done by Korea Development Bank?

StudioBside

Seongnam, Kyonggi-do, South Korea

StudioBside is a mobile game developer based in Korea.

GamingInternetMobile Apps
Series UnknownJul 23, 2025
FuriosaAI

Seoul, Seoul-t'ukpyolsi, South Korea

FuriosaAI designs and develops data center accelerators for the most advanced AI models and applications.

AnalyticsArtificial Intelligence (AI)Big DataHardwareInformation TechnologySemiconductor
Series CJul 22, 2025
Amount Raised: $122,508,824
Amogy

Brooklyn, New York, United States

Amogy offers carbon-free energy solutions using ammonia cracking technology.

Clean EnergyCleanTechEnergyRenewable EnergySustainability
Series UnknownJul 15, 2025
Amount Raised: $23,000,000
Illimis Therapeutics

Seoul, Seoul-t'ukpyolsi, South Korea

Illimis Therapeutics is a science and technology company that develops treatment for degenerative brain and autoimmune diseases.

BiopharmaBiotechnologyHealth CarePharmaceuticalTherapeutics
Series BJul 14, 2025
Amount Raised: $42,004,389
Beyond Honeycomb

Seoul, Seoul-t'ukpyolsi, South Korea

Beyond Honeycomb is a food-tech startup developing AI driven kitchen robot solutions that learn and recreate world-class chef menus.

Artificial Intelligence (AI)Food and BeverageInformation TechnologyRobotics
Series AJul 9, 2025
Amount Raised: $7,283,309
TEN Inc

Seoul, Seoul-t'ukpyolsi, South Korea

TEN Inc. provides an MLops platform (AI workload orchestration) for efficient operation of AI infrastructure.

Series UnknownMay 21, 2025
Amount Raised: $5,834,364
ENERZAi

Seoul, Seoul-t'ukpyolsi, South Korea

ENERZAi is an AI technology company that provides MCU, CPU, and application processor services.

Artificial Intelligence (AI)Machine LearningRoboticsWearables
Series UnknownMay 14, 2025
Amount Raised: $5,468,199
breezm

Seoul, Seoul-t'ukpyolsi, South Korea

Breezm produces custom eyewear optimized for the customer's face, using 3D-printing, 3D-scanning, and big data analysis.

3D PrintingE-CommerceEyewearManufacturing
Series BApr 17, 2025
Amount Raised: $5,641,639
RECO

Yeoksamdong, Seoul-t'ukpyolsi, South Korea

RECO is a waste and resource management platform that provides optimal waste solutions for waste management industry.

Environmental EngineeringLogisticsWaste Management
Series CMar 31, 2025
Amount Raised: $39,676,955
BHSN

Seoul, Seoul-t'ukpyolsi, South Korea

BHSN is a legal AI system that understands worldwide rules and improves existing businesses.

Artificial Intelligence (AI)
Series BMar 27, 2025
Amount Raised: $6,827,898