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VC

East Ventures Appoints First Partner for New South Korea Fund

Osama Khalid
Last updated: March 8, 2024 12:58 am
Osama Khalid
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  • East Ventures taps industry veteran Sang Han as first partner for its new South Korea fund.
  • Han brings over 15 years spanning top Korea and Southeast Asia VCs to help connect the regions.
  • The $100M fund targets high-growth Korean startups, eyeing global expansion and exchanges.

Contents
Can Sang bridge Korea & Southeast Asia?Targeting high-growth sectors

Singapore-based VC firm East Ventures has named Sang Han as the first partner for its recently launched South Korea fund. Han brings over 15 years of experience in venture capital, having previously worked at firms like Walden International, Cento Ventures, Vertex Ventures, and Temasek.

Can Sang bridge Korea & Southeast Asia?

“Leveraging extensive experience in both Korea and Southeast Asia, we believe Sang stands as an instrumental addition to our team in connecting corridors for our investments and funds between these regions,” said East Ventures Co-Founder and Managing Partner Willson Cuaca.

Targeting high-growth sectors

The new $100 million South Korea fund, launched in partnership with Seoul-based SV Investment last October, will target high-growth companies in sectors like biotech, future mobility, and media. A key goal is to help Korean startups expand internationally and list on global exchanges.

Founded in 2009, East Ventures has backed over 300 companies across seed to growth stages in Southeast Asia, including regional unicorns like Tokopedia, Traveloka, Ruangguru, and Xendit.

The VC firm recently made headlines for launching Ecovisea, a free carbon calculator for Indonesian businesses, together with the Indonesia Chamber of Commerce and WRI Indonesia. East Ventures strengthens cross-border connectivity between the bustling startup ecosystems of South Korea and Southeast Asia.

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