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Openwater Investment is a venture capital firm established in 2019 and based in Seoul, South Korea. The firm specializes in investing in innovative startup and growth-stage companies, primarily within the technology and healthcare sectors. Openwater aims to create a unique investment expanse in financial services, leveraging a data-driven investment approach to identify and support companies poised for significant growth in Asia and North America.
As of now, Openwater Investment has participated in over 30 deals across its focus sectors. The firm operates from its office located at 8th Floor, 566 Samseong-ro, Gangnam-gu, Seoul, South Korea. Openwater's notable milestone includes leading a $15.33 million Series C funding round for Sky Labs in October 2023, highlighting its active engagement in the healthcare technology sector.
Openwater Investment concentrates on growth-stage investments, particularly in the technology and healthcare sectors. The firm seeks opportunities that align with its vision of creating a unique investment expanse in financial services. Openwater's investment strategy is characterized by a data-driven approach, which allows the firm to leverage insights and analytics to identify innovative startups and growth-stage companies.
The firm primarily targets companies in Asia and North America, focusing on Series C funding rounds and beyond. Openwater looks for founders who demonstrate a strong vision and the ability to execute their business plans effectively. The firm values strategic guidance and aims to provide access to networks within the technology and healthcare sectors to enhance the growth trajectories of its portfolio companies.
Openwater Investment's portfolio includes the following notable company:
Sangwoo Choi — Chief Executive Officer. Sangwoo has a background in venture capital and has led multiple investments in the technology and healthcare sectors.
Sungkeun Kim — Managing Partner. Sungkeun brings extensive experience in identifying and supporting innovative startups, particularly in growth-stage investments.
In October 2023, Openwater Investment participated in a $15.33 million Series C funding round for Sky Labs, a company specializing in cardiac monitoring wearable devices. This investment underscores Openwater's active engagement in the healthcare technology sector.
What are Openwater Investment's investment criteria?
Openwater Investment focuses on growth-stage companies in the technology and healthcare sectors. The firm seeks innovative startups that align with its vision of creating a unique investment expanse in financial services.
How can founders apply or pitch to Openwater Investment?
Founders interested in pitching to Openwater Investment should prepare a detailed business plan that outlines their vision, market potential, and growth strategy. While specific application channels are not disclosed, networking within the industry may facilitate introductions.
What makes Openwater Investment different from other venture capital firms?
Openwater Investment distinguishes itself through its data-driven investment approach, which leverages insights and analytics to support portfolio companies. This method allows the firm to identify high-potential opportunities in the technology and healthcare sectors effectively.
What is the geographical scope of Openwater Investment?
The firm primarily focuses on investment opportunities in Asia and North America, targeting innovative startups and growth-stage companies within these regions.
What is the typical check size for investments made by Openwater Investment?
Openwater Investment typically participates in Series C funding rounds and beyond, with specific check sizes not publicly disclosed. However, their recent investment in Sky Labs was part of a $15.33 million funding round.
What kind of post-investment involvement does Openwater Investment have?
Openwater Investment aims to add value to its portfolio companies through strategic guidance and access to networks within the technology and healthcare sectors, although specific details on board involvement are not provided.
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