(L-R) Infobank iAccel’s Gil Chang-Gun and Farquhar’s Jason Su
South Korea’s early-stage startup investor, Infobank Corporation, has partnered with Singapore’s Farquhar VC (FVC) to help Korean startups succeed globally.
Under this partnership, iAccel, the investment department of Infobank, and Farquhar will collaborate comprehensively on exchanging innovation and investment ecosystem insights, mutually supporting each other’s portfolio companies and jointly participating in bids for global acceleration initiatives.
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Both parties will also explore potential opportunities for joint funding that could support Korean startups seeking global expansion and global startups seeking to establish a foothold in South Korea.
Infobank iAccel Deputy CEO Gil Chang-Gun said that both parties would commence their cooperation via potential co-investment into data-centric Infobank portfolio companies that are advancing into Southeast Asia. Also, the Infobank-FVC partnership shall strengthen the ecosystem between North Asia and Southeast Asia.
As of November 2023, iAccel has invested more than KRW 20 billion (US$150 million) into more than 80 companies. Two of its portfolio companies (Crowdworks and Qualitas Semiconductor) have made IPO debuts on KOSDAQ.
Established in 2020, Farquhar VC has invested in nearly 40 startups to date, with Lomotif as one of its early exits. It also works closely with early-stage startups to support their growth through targeted market access with its mid-sized and large enterprises network.
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In particular, FVC’s innovation advisory arm recently undertook an accelerator programme on behalf of the Seoul Business Agency, which garnered three cross-border strategic partnerships and one investment commitment.
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