Daesung Group Forms Agricultural and Food Investment Association Worth 22 Billion Won

Daesung Startup Investment and Sejong Venture Partners Collaboration

Employees of Daesung Startup Investment and Sejong Venture Partners are taking a commemorative photo at the inaugural meeting of the 'Agri-food Step-up Investment Association.'

[Asia Economy Reporter Kim Daeseop] Daesung Group announced on the 7th that its affiliate Daesung Startup Investment has formed a 'Agri-food Step-up Investment Fund' worth 22 billion KRW with Sejong Venture Partners.

The duration of this investment fund is 8 years from the date of formation. It specializes in investing in innovative growth-stage agri-food small and medium-sized venture companies. The fund's management purpose is to contribute to the development of the agri-food industry and job creation.

The fund members consist of Daesung Startup Investment and Sejong Venture Partners as joint general partners, Agricultural Policy Insurance Finance Service as a special partner, and Korea Agricultural Technology Commercialization Foundation as a limited partner.

Daesung Startup Investment has accumulated over 30 years of investment know-how, with experience in recovering numerous investments and a partner network. Sejong Venture Partners is a specialized venture capital in agri-food, with extensive experience in discovering agri-food business investments, sales support, and consulting.

A representative of Daesung Startup Investment said, "The core personnel of both companies in the fund have jointly invested in and supported growing venture companies in various fields such as Big Picture Interactive, LUXID Labs, and Astrogen, so we expect synergy from the management team."

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