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Founded in 2013, Mashup Ventures is a venture capital firm based in South Korea, originally established as Mashup Angels. The firm rebranded to Mashup Ventures in February 2024, reflecting its evolution and commitment to supporting early-stage startups. With a focus on the tech ecosystem, Mashup Ventures has built a strong network of founders to facilitate rapid growth and development for its portfolio companies.
As of now, Mashup Ventures manages assets totaling approximately 8.5 trillion KRW (around $6.4 billion) and has invested in over 206 startups. The firm has a notable presence in the Asian market, particularly in South Korea, and has established itself as a key player in the early-stage investment landscape.
Mashup Ventures primarily invests in Seed stage startups across a diverse range of sectors, including AI, Robotics, Commerce, Healthcare, Fintech, SaaS, and Gaming. The firm typically provides funding amounts up to 500 million KRW (approximately $380K) and may consider follow-up investments based on the performance of the startups. This approach allows Mashup Ventures to support its portfolio companies through various growth stages.
Additionally, Mashup Ventures operates the TIPS (Tech Incubator Program for Startups), which enhances research and development efforts and matches government funding. This program is designed to provide startups with the necessary resources to innovate and scale effectively.
Mashup Ventures has built a diverse portfolio of over 206 early-stage startups, which have collectively raised approximately 2.4 trillion KRW in follow-up investments, leading to a total portfolio valuation of around 11.3 trillion KRW. Notable portfolio companies include:
Taekkyung Lee: Founder & CEO, co-founder of Daum Communications, with extensive experience in the tech industry.
Sanghyuk In: Partner, specializing in early-stage investments and startup growth strategies.
Eunwoo Park: Partner, focused on portfolio management and operational support for startups.
Seungkook Lee: Partner, with expertise in technology and market analysis.
Inmo Shin: Senior Investment Manager, responsible for sourcing and evaluating investment opportunities.
Bosung Baik: Investment Manager, focusing on deal execution and portfolio support.
Seokhwan Kim: Investment Manager, involved in market research and startup evaluations.
Minjung Park: PR Manager, overseeing communications and public relations efforts.
Hoyeon Choi: Team Leader, managing team operations and project coordination.
Hyeryeon Han: Manager, supporting investment processes and portfolio management.
Subin Lee: Manager, assisting in deal sourcing and analysis.
Jihoon Jeong: Manager, involved in operational support for portfolio companies.
Taekhoon Lee: Advisor, providing strategic guidance and industry insights.
Daeyong Ohn: Auditor, ensuring compliance and financial oversight.
To pitch to Mashup Ventures, founders should submit their proposals through the application page at mashupventures.co/apply. The pitch deck should include a clear business model, market analysis, and growth strategy. Response times may vary, but founders can expect timely feedback on their submissions.
Mashup Ventures runs the TIPS (Tech Incubator Program for Startups), which supports startups in research and development while matching government funding. This program is designed to enhance the resources available to early-stage companies, facilitating their growth and innovation.
In March 2024, Mashup Ventures announced its rebranding from Mashup Angels to Mashup Ventures, reflecting its growth and expanded investment strategy. The firm has actively invested in over 180 startups since its inception in 2013, achieving 11 exits through M&A or IPO, including notable companies like MobiDaze and Remember & Company.
In the past year, Mashup Ventures has made four new investments, continuing its focus on early-stage startups in South Korea and across Asia.
Q?
Mashup Ventures, what are your investment criteria?
A: Mashup Ventures focuses on Seed stage investments in sectors such as AI, Robotics, Healthcare, and Fintech, with check sizes up to 500 million KRW.
Q?
How can startups apply or pitch to Mashup Ventures?
A: Startups can apply through the application page on their website at mashupventures.co/apply or via email at info@mashupventures.co.
Q?
What makes Mashup Ventures different from other VC firms?
A: Mashup Ventures leverages a strong network of founders and industry experts to provide tailored support and resources to its portfolio companies.
Q?
What is the geographic scope of Mashup Ventures?
A: Mashup Ventures primarily invests in early-stage startups across Asia, with a strong focus on South Korea.
Q?
What is the typical post-investment involvement of Mashup Ventures?
A: The firm provides ongoing support through mentorship, access to industry experts, and resources for growth, including participation in the TIPS program.
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