Former Korbit CEO Tony Lyu has joined the SoftBank unit as a venture partner and will contribute his entrepreneurial knowledge and experience to its portfolio.
SoftBank Ventures Asia, a South Korea-based corporate venturing subsidiary of Japan-listed telecommunications and internet group SoftBank, has hired Tony Young-Suc Lyu as a venture partner.
Lyu co-founded cryptocurrency exchange Korbit in 2013 as its chief executive. The company received backing from SoftBank Ventures Asia’s predecessor, SoftBank Ventures Korea, in a $3m series A round in 2014, and was eventually acquired by video game publisher Nexon in 2017.
SoftBank Ventures Asia runs 17 funds with $1bn of assets under management…
