Korea Development Bank
The Korea Development Bank (KDB) primarily focuses its venture capital investments on early-stage and Series A startups, particularly in advanced strategic industries such as semiconductors, artificial intelligence, and deep tech, aiming to bolster Korea's industrial competitiveness and support the global expansion of Korean startups. Its strategy involves both direct and indirect investments, including follow-on funding to support growth stages and the establishment of scale-up funds to foster unicorn companies and regional innovation.
Deal activity increased 33% year-over-year (4 deals in the last 12 months). Average disclosed round size is $81.1M (across 18 rounds with reported amounts).
Portfolio
18
Fund Size
—
Top Stage
Series B
Last 12 Mo
4
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 Aniai | Seed | $4M | Jan 2026 |
| RRedrob | Series A | $10M | Nov 2025 |
 Upstage | Series B | $45M | Aug 2025 |
 Amogy Inc. | Growth | $80M | Jul 2025 |
| MMediwhale | Series A | $12M | Sep 2024 |
| BBitsensing | Series B | $25M | Jun 2024 |
 Nota AI | Series C | $19.9M | Jun 2024 |
| Upstage | Series B | $72M | Apr 2024 |
| MMangoBoost | Series A | $55M | Oct 2023 |
 Sky Labs | Series C | $15.5M | Oct 2023 |
 Viva Republica | Series C | $405M | Dec 2022 |
 Superb AI | Series B | $16M | Sep 2022 |
 Bucketplace | Series D | $182M | May 2022 |
| MMorai | Series B | $20.8M | Feb 2022 |
 Fount | Series C | $33.4M | Oct 2021 |
| HH2O Hospitality Ltd. | Series C | $30M | Sep 2021 |
| Viva Republica | Growth | $410M | Jun 2021 |
| SSeoul Robotics | Series B | $25M | — |
Top Co-Investors
Last updated: 4 May 2026