The $55m Next Unicorn Fund has a mandate to participate in pre-series A to series B rounds for startups based in South Korea and eventually in Southeast Asia.
Colopl Next and DT&Investment (DT&I), respective corporate venturing subsidiaries of Japan-headquartered game publisher Colopl and South Korea-listed product testing service DT&C, have closed a joint fund at $55m, DealStreetAsia has reported.
Next Unicorn Fund’s limited partners include Colopl, Korean state-sponsored fund of funds Korea Venture Investment, metropolitan government-run Seoul Business Agency, financial services firm NH Bank and AI Industrial Convergence Complex, an innovation ecosystem builder backed by Gwangju City.
The vehicle had intended to target startups at pre-series A to…
