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    Industrial Bank of Korea logo

    Industrial Bank of Korea

    Seoul, South KoreaFounded 1961
    global.ibk.co.krLinkedIn
    AIBiotech & Life SciencesClimate & EnergyCybersecurityDefense & SpaceHardware & SemiconductorsMobility & TransportationRobotics & Automation

    Industrial Bank of Korea (IBK) is a South Korean state-owned bank established in 1961 to promote small and medium-sized enterprises. Through its venture capital arm IBK Venture Investment and various financial programs, IBK invests in innovative startups across strategic technology sectors including AI, semiconductors, biotech, and future mobility.

    Average disclosed round size is $85.2M (across 32 rounds with reported amounts).

    Find people at Industrial Bank of Korea on Goldilocks AI

    Portfolio

    40

    Fund Size

    —

    Top Stage

    Series A

    Last 12 Mo

    4

    Team

    LH

    Lee Ho-hyung

    Outside Director

    LJ

    Lee Jung-soo

    Outside Director

    SB

    Seok Byoung-hoon

    Outside Director

    SJ

    Son Jong-chil

    Outside Director

    YI

    Yoo Il-kwang

    Executive Director

    BC

    Baek Chang-yeol

    Vice President (executive)

    BS

    Baek Sang-hyun

    Vice President (executive)

    CK

    Chung Kwang-seok

    Vice President (executive)

    JE

    Jung Eun-ji

    Vice President (executive)

    JS

    Jung Sung-jin

    Vice President (executive)

    KG

    Kim Gyu-sup

    Vice President (executive)

    KS

    Kim Sang-hee

    Vice President (executive)

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    50 investments
    CompanyRoundAmountDate
    MMYCELSeries A$10MSep 2026
    Upstage logoUpstageSeries D$381MAug 2026
    Flexell Space logoFlexell SpaceSeries A$20MJul 2026
    AB180 logoAB180Series C$15MJul 2026
    AB180 logoAB180Series C$15MJan 2026
    Upstage logoUpstageSeries B—Aug 2025
    Nex-i logoNex-iSeries B—Aug 2025
    Colosseum Corporation logoColosseum CorporationSeries A—Jun 2025
    SSEEDN CO.,LTD.Unknown—Apr 2025
    Nex-i logoNex-iUnknown—Jan 2025
    FuriosaAI logoFuriosaAISeries C$125MJan 2025
    Habit factory logoHabit factorySeries D—Jan 2025
    SSobaGenBridge—Jan 2025
    BIGC logoBIGCSeries A$14MJan 2025
    Illimis Therapeutics logoIllimis TherapeuticsSeries B$42MJan 2025
    Colosseum Corporation logoColosseum CorporationSeries B$20.8MJan 2025
    MetisX logoMetisXSeries A$44MAug 2024
    Bitsensing logoBitsensingSeries B$25MJun 2024
    Cupix logoCupixSeries C—May 2024
    MetisX logoMetisXSeries A$44MMay 2024
    Upstage logoUpstageSeries B—Apr 2024
    업업스테이지Series B$45MJan 2024
    VVINSSENSeries C—Jan 2024
    Upstage logoUpstageSeries B$72MJan 2024
    Liner logoLinerSeries C$36.1MJan 2024
    Page 1 of 2

    Top Co-Investors

    Korea Development Bank15 shared
    DSC Investment9 shared
    SBVA8 shared
    Atinum Investment7 shared
    Premier Partners7 shared
    LB Investment6 shared
    GG16 shared
    AJU IB Investment5 shared
    S&S Investment4 shared
    IMM Investment4 shared
    InterVest4 shared
    STIC Investments, Inc.4 shared
    Primer Sazze Partners4 shared
    SK Networks4 shared
    KT4 shared
    CJ Investment4 shared
    Korea Investment Partners3 shared
    Mirae Asset3 shared
    SV Investment Corporation3 shared
    Z Venture Capital3 shared

    Last updated: 20 October 2026