Korea Development Bank
Seoul, South KoreaFounded 1954
Robotics & AutomationAIHealthcareHardware & SemiconductorsFintechClimate & EnergyE-Commerce & MarketplaceTravel & Hospitality
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.
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
DealsAvg Round Size
Portfolio
18 investments
| 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
KB Partners4 shared
IMM Investment3 shared
Altos Ventures2 shared
BOND2 shared
Korea Investment Partners2 shared
Kakao Investment2 shared
SoftBank Ventures Asia2 shared
InterVest2 shared
Stonebridge2 shared
Goodwater Capital1 shared
Greyhound Capital1 shared
Aspex Management1 shared
Amazon.com Inc.1 shared
AMD Ventures1 shared
K2 Global1 shared
Smilegate Investment1 shared
KT1 shared
Shinhan Capital1 shared
Hyundai Motor Group1 shared
Vertex Growth Fund1 shared
Last updated: 12 April 2026