(L-R): Jay Jaehyung Kim (Associate, HYUH), Prof Byung-Hee Lee (CEO, HYUH), Dr Alvin Ng (Operating Partner, FVC), and Tan Wei Ye (Regional Director, Enterprise SG)
HYU Holdings, a Hanyang University-based investment-holding company, has partnered with Singapore’s early-stage fund Farquhar VC to help South Korean startups go global.
HYUH and Farquhar VC will collaborate on investments into HYUH and Hanyang University affiliate startups and accelerate their internationalisation efforts into Singapore and the world.
Both will also explore joint funding initiatives to invest and scale HYUH startups globally.
Prof Byung-Hee Lee, CEO of HYUH, said that both HYUH and FVC share the same ambitions to enable early-stage university startups to strategise, scale, and thrive in overseas markets. It is a timely opportunity to synergise the capabilities of both organisations.
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FVC Chief Investment Officer Jason Su said that university-originated startups, such as Beep and Roceso in Singapore, must plan early for market expansion while focusing on domestic and commercial milestones. Cross-border successes depend on the strengths of the ecosystem players.
Established in 2008, HYUH is the first university-based holding company in Korea that commercialises HYU technologies and invests in HYU and affiliate startups.
To date, HYUH has invested in more than 50 startups across several industry verticals.
Established in 2020, Farquhar has invested in over 20 startups and achieved two exits. Farquhar aims to accelerate the growth of its startup investments through targeted market access with its vast network of medium and large local enterprises across Southeast Asia, Taiwan and other parts of the globe.
FVC is making the first close of its second fund FVC Green Future Fund.
In December, South Korea’s early-stage accelerator-cum-VC fund Bigbang Angels formed a global investment fund in Singapore in partnership with Farquhar VC.
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