As part of its $400m fundraising from Samsung's business units, which range from electronics to chemicals and heavy industry, SVIC has expanded its team and set aside part of the commitment to take seed-stage deals initially in the US.
Samsung Venture Investment Corporation (SVIC), the corporate venturing unit for most of South Korea-based conglomerate Samsung’s business units, has raised $400m to take its assets under management to $1.2bn.
The move is regarded by insiders as a sign of increasing confidence by Samsung in its corporate venturing unit and achieves its goal of managing more than $1bn earlier than anticipated.
As part of its latest fundraising from Samsung’s business units, which range from electronics to chemicals and heavy industry,…
