About KTB Network
KTB Network is a venture capital firm founded in 1981. It is primarily based out of Seongnam-si, South Korea. As of Jan 2023, KTB Network has invested in 54 companies. It primarily invests in Series B round in South Korea based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it led the Undisclosed Series A round of Challengers along with Smile Gate Investment. This round also saw participation from Altos Ventures Management and other investors.
Overall, KTB Network portfolio has seen 1 unicorn, 10 IPOs and 4 acquisitions including key companies like Grab, Toss and 42dot. A lot of funds co-invest with KTB Network, with names like Korea Investment Holdings sharing a substantial percentage of its portfolio.
KTB Network has team of 31 people including 15 partners.
Key Metrics
Team Members
, &
Portfolio Sectors
Portfolio Locations
South Korea, China &
Rounds of Entry
Series B, Series A &
Portfolio IPOs
Portfolio Unicorns
KTB Network's List of Top Investments
KTB Network has a portfolio of 54 companies, one of which is a Unicorn. Their most notable investments are in Onul-Hoi and Orum Therapeutics.Their portfolio spans across South Korea, China, United StatesÌý²¹²Ô»å 5 more locations. They have invested in High Tech, Enterprise Applications, Life SciencesÌý²¹²Ô»å 25 other sectors, across stages such as Series B, Series A Ìý²¹²Ô»å 2 more. Here is the list of top investments by KTB Network:1. Grab
App-based ride-hailing aggregator and on-demand delivery service provider. Users can book rides and deliveries by providing destination, pick-up location, payment details, and more. The company also offer services like financial services along with mobility and essentials deliveries. The app is available for both Android and iOS devices.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: 2.36B SGD as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 11,934 as on Dec 31, 2023
- Investors: Vulcan Capital, GPI Capital and 105 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $375M
- Highlight: Public
2. Toss
Provider of an app-based platform for banking investment and insurance management. It provides users with a platform that offers solutions such as money transfer, payment splitting, QR code scanning, card management, and more. It helps users check credit scores, credit payment status, and loan recommendations. It enables users to track income and expenses for financial reporting. It offers a multi-investment and portfolio management platform for real estate, stocks, bonds, mutual funds, and securities. The app is available for Android and iOS platforms.
Key facts about Toss
- Founded Year: 2011
- Location: Seoul (South Korea)
- Annual Revenue: 531B KRW as on Dec 31, 2022
- Valuation: $7.4B as on Jun 23, 2021
- Stage: Series G
- Total Funding till date: $1.25B
- Investors: Kleiner Perkins, GIC and 42 Others
- Latest Funding Round: Series G, Dec 19, 2022, $175M
- Highlight: Editors' Pick
3. 42dot
42dot provides a cloud-enabled mobility platform for autonomous transportation services. It develops UMOS which is a mobility and logistics platform that integrates services like e-hailing, fleet management, demand-responsive transport, logistics, and more. It offers solutions for self-driving ground and airborne vehicles. UMOS Algorithm determines traffic flow and optimizes control for routing and dispatching of fleets, UMOS Map gathers lane-level data and real-time traffic data to enable autonomous vehicles to recognize the surroundings. Also, UMOS Network integrates various transportation services to get accessible by users in a single platform and UMOS Connect enables people to manage and access various services like accommodation, food, entertainment, and more.
Key facts about 42dot
- Founded Year: 2019
- Location: Seoul (South Korea)
- Annual Revenue: 402M KRW as on Dec 31, 2021
- Stage: Acquired
- Total Funding till date: $130M
- Employee Count: 524 as on Dec 31, 2023
- Investors: IMM Investment, Hyundai Motor Company and 16 Others
- Latest Funding Round: Series A, Nov 02, 2021, $88.5M
- Highlight: Acquired
4. Genedit
Developer of drug delivery system for genetic medicines. The company has developed a NanoGalaxy platform that contains non-viral, non-lipid, polymer nanoparticles to deliver genetic medicines to the needed tissue to treat disease.
Key facts about Genedit
- Founded Year: 2016
- Location: Berkeley (United States)
- Stage: Series B
- Total Funding till date: $93.5M
- Employee Count: 39 as on Dec 31, 2022
- Investors: IMM Investment, Korea Investment Holdings and 20 Others
- Latest Funding Round: Series B, Nov 20, 2024, $35M
5.
TiumBio has developed small molecules and biomolecules for the treatment of cancer, diabetes & rare diseases. The small molecules portfolio includes NCE401 (ALK5 inhibitor for cancer immunotherapy and IPF in preclinical stage), NCE403 (GnRH antagonist for prostate cancer and endometriosis in Phase 1 stage), NCE406 (Type 2 Diabetes mellitus in preclinical stage). Biopharmaceuticals include NBP604 (Recombinant factor VIIa) for hemophilia is in the preclinical stage, NBP611 (hemophilia) and NBP (hemophilia and rare disease) in the discovery stages.
Key facts about TiumBio
- Founded Year: 2016
- Location: Seongnam-si (South Korea)
- Stage: Public
- Total Funding till date: $32M
- Investors: IMM Investment, Korea Investment Holdings and
- Latest Funding Round: Post IPO, Jan 02, 2024, $12M
- Highlight: Public
KTB Network's Year-on-Year Investment Trends
KTB Network has invested in 54 companies over the last 24 years, with an average of 3 new investments annually in the last 10 years. Its most recent first time investment was in Challengers and most recent follow-on round was in VIRNECT.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 1 | 0 | 1 |
2022 | 2 | 1 | 3 |
2021 | 6 | 1 | 7 |
2020 | 7 | 1 | 8 |
2019 | 4 | 0 | 4 |
2018 | 3 | 3 | 6 |
2017 | 6 | 0 | 6 |
2016 | 1 | 1 | 2 |
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KTB Network's Investments by Stage
KTB Network has made 14 investments in Series B stage with an average round size of $18.2M, 12 investments in Series A stage with an average round size of $9.3M, 8 investments in Seed stage with an average round size of $4.66M and 3 investments in Series C stage with an average round size of $40.2M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series B | 14 |
Series A | 12 |
Seed | 8 |
Series C | 3 |
KTB Network's Investments by Sector
KTB Network has a diverse portfolio, with companies operating in the High Tech, Consumer, Enterprise Applications, Life Sciences and Retail. Notably, it has invested in 42 Tech companies, 29 Enterprise (B2B) companies, 24 Consumer (B2C) companies and at least 20 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
High Tech | 11 |
Consumer | 10 |
Enterprise Applications | 9 |
Life Sciences | 8 |
Retail | 6 |
Others | 41 |
KTB Network's Investments by Geography
KTB Network has made most investments in South Korea (24), followed by United States where it has made 7 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
South Korea | 24 |
United States | 7 |
China | 3 |
India | 1 |
Indonesia | 1 |
Others | 2 |
KTB Network's recent investments
Here are the most recent investments by KTB Network:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 11, 2023 | South Korea | Series A | Undisclosed | ||
Feb 03, 2022 | United States | Series A | $11M | GM Ventures [+1] | |
Jan 26, 2022 | Indonesia | Series A | $17M | TNB Aura [+7] | |
Jan 13, 2022 | South Korea | Series B | $30M | [+4] | |
Dec 27, 2021 | United States | Series C | $36.5M | [+2] |
Get the detailed list of all investments by KTB Network. Download now!Unicorns in KTB Network's Portfolio
Here is a list of unicorns in KTB Network's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of an app-based platform for banking investment and insurance management | 2011 | Seoul | Series G | qktvges |
IPOs and Publicly Listed companies in KTB Network's Portfolio
Here are KTB Network's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 14, 2025 | Jul 17, 2019 | Series B | $30M | |
Jul 26, 2023 | Sep 18, 2019 | Series A | $7.57M | |
Nov 04, 2022 | May 2016 | Seed | $1.7M | |
Dec 01, 2021 | - | - | - | |
Nov 08, 2021 | Aug 12, 2020 | Series B | $13.3M |
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Acquired companies in KTB Network's Portfolio
Here are KTB Network's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 23, 2022 | - | - | - | |
Aug 15, 2022 | Jun 18, 2020 | Seed | $12.3M | |
May 17, 2021 | Nov 2011 | Seed | $1M | |
Dec 30, 2016 | - | - | - |
Team profile of KTB Network
KTB Network has a team of 31 membersÌýincluding 15 Partners and 6 PrincipalsÌýlocated in South Korea, China and . KTB Network's team sits on the board of 1 company.Here is a list of top team members in KTB Network:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | South Korea | - | - | |
Partner | Shanghai | - | - | |
Partner | Seoul | - |
Get the full list of KTB Network's team & partners for free. Download now!Co-investors of KTB Network
Over the past 24 years, 325 investors have co-invested in KTB Network's portfolio companies.
- Invested before KTB Network:ÌýSparkLabs, and 69 others have invested in rounds before KTB Network. There are 3 companies where SparkLabs has invested before KTB Network and 2 companies where SK has invested before KTB Network.
- Top Co-investors of KTB Network:Ìý95 investors entered a company along with KTB Network. These include investors like Korea Investment Holdings (6 companies).
- Invested after KTB Network:ÌýA total of 159 investors have invested in KTB Network's portfolio after their investments. Top Investors include Korea Development Bank Europe (4 companies), Korean Development Bank (3 companies) and DSC Investment (3 companies).
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Recent News related to KTB Network
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The Korea Times•Feb 03, 2022•KTB Network
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Tech in Asia•Dec 16, 2021•Chong Kun Dang Pharmaceutical, , Woori Technology Investment, and 8 others
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The Korea Times•Jul 23, 2021•KTB Network
