LG and Hana Financial are anchoring the venture capital firm’s sophomore vehicle as it gets set to deploy capital across Asia and North America.
Electronics manufacturer LG Corporation and financial services firm Hana Financial co-led commitments for US-based venture capital firm Primer Sazze Partners’ $127m second fund, TechCrunch has reported.
The vehicle’s other limited partners include tech entrepreneurs Tim Hwang, Saeju Jeong, John Kim, Bong-Jin Kim and Chang Kim. It will invest in startups formed by Korean entrepreneurs in North America and Asia at seed and series A stage, with initial ticket sizes between $500,000 and $3m.
Companies focused on artificial intelligence, food technology,…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
