Anshul Agarwal, managing director, LG Technology Ventures, is one of our Top 50 Emerging Leaders in corporate venturing for 2024.
Anshul Agarwal, managing director at LG Technology Ventures, joined as a founding member of the team when it was set up in 2018.
His time in CVC preceded his time at LG Tech Ventures, however, having worked on investments and business development at Japanese conglomerate Mitsui & Co, where he sourced and invested in startups across data analytics, mobility, artificial intelligence, fintech, health, energy and consumer technologies. He previously worked as a management consultant at Deloitte and founded a cross-border business and hedge fund for a wealthy family, before which he was a software engineer.
“Our fund’s mandate is both financial and strategic. What is particularly exciting is that we have an opportunity to help shape the future of the LG Group by leveraging new technologies, products, business models and markets,” says Agarwal.
“We have an opportunity to help shape the future of the LG Group by leveraging new technologies, products, business models and markets.”
He has stated in the past that what attracted him to CVC in the first place was the ability to drive business synergies between portfolio companies and the parent company, adding value beyond just capital, and that he gets to make long-term bets and invest in emerging areas before they become mainstream.
“Anshul enthusiastically helps the junior members of the team, including myself, to excel at our job,” says Sungkwon Kang, investment director at LG Tech Ventures. In addition to the basic hard technical analytical skills that we need as junior members, he shares his experience as a long-time VC investor that helps us become more prudent decision makers.”
“Even at a financially orientated fund such as ours, it is most important to stay close to the corporate stakeholders and business executives,” says Agarwal. “Not only will this help drive strategic returns, but also provide a lot of insights that can be leveraged in the investment decision-making process.”
