HL Mando is the corporate venture investment arm of HL Mando Corporation, a South Korean automotive Tier 1 supplier and software-defined vehicle (SDV) technology company. Through its Open Innovation and TechUP+ programs, HL Mando makes strategic investments in startups across mobility, AI, robotics, and energy, and also backs Higher Life Ventures, an early-stage deep tech fund.
40% of their portfolio is in Food & Agriculture. Their most common stage is series-b (40% of deals). Average disclosed round size is $108.3M (across 3 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Bitsensing | Series B | $25M | Jun 2024 |
 Rebel Foods | Series F | $175M | Oct 2021 |
| Rebel Foods | Series C | $125M | Jul 2019 |
 OptAI | Unknown | — | — |
 Tesollo | Series B | — | — |
Top Co-Investors
Coatue Management LLC2 shared
Qatar Investment Authority2 shared
FuturePlay1 shared
LG Electronics1 shared
Smash Capital1 shared
Industrial Bank of Korea1 shared
SparkLabs1 shared
Korea Development Bank1 shared
GG11 shared
The Goldman Sachs Group, Inc.1 shared
India Quotient1 shared
Gojek1 shared
Last updated: 7 October 2026