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Schmidt is a prominent venture capital firm based in South Korea, established as a subsidiary of DSC Investment, the largest venture capital firm in Korea. The firm focuses on investing in startups that challenge large markets with innovative ideas. Schmidt aims to be a stable partner for teams navigating the complexities of growth and innovation.
Currently, Schmidt manages approximately $1.5 billion in assets under management (AUM) across 23 funds, with a portfolio comprising 135 companies. The firm has achieved a follow-on success rate of 77%, indicating its effectiveness in supporting portfolio companies through subsequent funding rounds. Schmidt's notable partnerships include collaborations with organizations such as TIPS, a government R&D support program for technology startups, and various industry experts.
Schmidt invests in early to growth-stage startups across several sectors, including mobility, biotechnology, deep tech, and digital transformation. The firm emphasizes supporting companies that drive disruptive innovation, aiming to reshape industries and improve lives. Investment stages include pre-seed, seed, seed-plus, and growth equity, allowing Schmidt to engage with startups at various points in their development.
The firm seeks startups that challenge large markets with original hypotheses and innovative solutions. Schmidt values founders who demonstrate a clear vision and the ability to execute their ideas effectively. The firm also prefers to engage in co-investment opportunities, leveraging its extensive network of industry experts to provide additional resources and support to portfolio companies.
Schmidt has a diverse portfolio of 135 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
This portfolio reflects Schmidt's strategic focus on sectors that are poised for significant disruption and innovation.
To pitch to Schmidt, startups should use the contact form available on their website at schmidt.kr. The pitch deck should include a concise overview of the business model, market opportunity, and team background. Schmidt prefers well-structured presentations that highlight the startup's unique value proposition and potential for growth.
Response times may vary, but startups are encouraged to follow up if they do not receive feedback within a reasonable timeframe. Warm introductions are preferred but not mandatory.
What are Schmidt's investment criteria?
Schmidt invests in early to growth-stage startups that demonstrate disruptive potential in sectors such as mobility, biotechnology, deep tech, and digital transformation. The firm looks for innovative ideas that challenge large markets.
How can startups apply or pitch to Schmidt?
Startups can pitch to Schmidt through their website at schmidt.kr. It is advisable to include a clear business model, market analysis, and details on the founding team in the pitch deck.
What makes Schmidt different from other venture capital firms?
Schmidt differentiates itself through its affiliation with DSC Investment, providing access to extensive resources and a robust network of industry experts. The firm emphasizes being a stable partner for startups navigating growth challenges.
What is Schmidt's geographic focus?
Schmidt primarily invests in startups located in Asia, particularly those that are positioned to disrupt large markets within the region.
What is the typical check size for investments?
While specific check sizes are not disclosed, Schmidt invests across various stages, including pre-seed, seed, seed-plus, and growth equity, indicating a flexible approach to funding amounts based on the startup's needs.
What kind of post-investment support does Schmidt provide?
Schmidt offers resources for legal consulting, public relations, and operational optimization, ensuring that portfolio companies have the necessary tools to succeed in their respective markets.
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