Press Room
JB Ventures Invests 1.3 Billion Won in 11 Companies for Early-Stage Funding Last Year
Update 2023.01.05
[E2News] JB Ventures (Co-CEOs Yoo Sang-hoon and Han Kwon-hee) announced on the 5th their early-stage seed investment performance and results for the year 2022.
JB Ventures is an accelerator corporation co-established in 2020 with JB Co., Ltd. (formerly Jungbu City Gas), the largest urban gas supplier in the Chungcheong region. As a TIPS operator and Cheonan Startup Fund manager, it is invigorating the investment ecosystem in the Chungcheong area.
JB Ventures executed early-stage seed investments of 1.3 billion won in 11 companies over the past year. The companies invested in by JB Ventures are:
▲ Bubble Cloud (pet grooming shop management and operation solution)
▲ AO Farm (deep learning-based agricultural product automation system)
▲ R&One (outdoor exercise curation platform)
▲ Cla Corporation (automatic influencer matching solution)
▲ Slower (brewery direct delivery retail service)
▲ Clymers (art commerce platform)
▲ Brandless (Korean product reverse direct purchase e-commerce platform)
▲ Addable (respiratory rehabilitation system solution)
▲ Clean Bedding (hotel-style bedding subscription and regular laundry service)
▲ We raser (AI-based ship logistics information platform)
▲ Arounder (experiential commerce platform)
All of these companies are showing active growth and are in close discussions for follow-up investments.
Additionally, as a TIPS operator for the Ministry of SMEs and Startups' private investment-led technology startup support program, JB Ventures achieved the feat of having all 10 recommended companies selected. This brings the total number of companies selected through JB Ventures' recommendations to 18.
Furthermore, JB Ventures has been at the forefront of discovering promising startups through various accelerating programs such as:
▲ JB With PLUS 4th Batch (JB Ventures)
▲ Sports Industry Accelerating Program (Ministry of Culture, Sports and Tourism)
▲ Green Startup Town Specialized Genre Program (Chungnam Information & Culture Industry Promotion Agency)
▲ IBK Changgong Daejeon (Industrial Bank of Korea)
Yoo Sang-hoon, Co-CEO of JB Ventures, stated, "Chungnam's startup infrastructure is among the best in the country. That's why the activation of private investment areas is more important than anything else. We will strive to revitalize regional investment." He also expressed ambitious goals for 2023, saying, "We aim to select 20 TIPS companies and nurture substantial startups through accelerating programs such as JB With PLUS 5th Batch, Green Startup Town, and IBK Changgong."