The Korean accelerator operator has formed a $50m early-stage fund with steel pipe maker Seah and Korea Development Bank as anchor investors.
South Korea-based accelerator network SparkLabs has launched a $50m fund called SparkLabs Ventures and has secured steel pipe producer Seah as an anchor investor, TechCrunch reported today.
Seah is one of two anchor investors for the fund, the other being state-owned financial services firm Korea Development Bank.
SparkLabs Ventures will focus on Korea-based startups developing consumer services, enterprise, cloud computing, artificial intelligence, hardware and financial technology, and will invest between $1m and $3m.
Brian Kang, who was managing director of…
