K-Cube Ventures, a South Korean early stage investor, has stood out in the country for adopting a Silicon Valley style in its investment deals. As of now, the startup industry in the country is still immature but the firm has managed to establish an important role in the startups' development, according to VentureBeat.
The investment firm was formed in April 2012 by two prominent people in the startup industry of South Korea. Chairman Brian Kim founded Internet giant NHN and is currently serving as chairman of social media firm Kakao, the report detailed.
In the last two years since its founding, K-Cube has already gathered 22 companies in its portfolio and manages more than $40 million in assets. Its K-Cube Venture Fund has $11 million and the Kakao Venture Fund has $30 million. K-Cube's portfolio includes Frograms, Fincon, and GreenMonster, the report stated.
The company is known for its quick and risky investment style. Co-founder Jimmy Rim makes most of the decisions for a more efficient system. Rim said the firm focuses on startups that address an issue or a problem in a unique way. He believes that with enough determination, a startup has the power to change the world. Startups that meet K-Cube's standards receive financial support, coaching, and access to the company's wide business network, VentureBeat reported.
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