FuturePlay Achieves 108 Billion KRW in Assets and 3.3 Trillion KRW Cumulative Portfolio Company Value

Fundraising of 50.25 Billion Won "Top Performance in the Accelerator Industry"

Accelerator FuturePlay announced on the 15th that it has achieved a total asset size of 108 billion KRW as of the 1st. This figure represents more than double the growth compared to 42.4 billion KRW in the same period last year. The photo is an infographic summarizing FuturePlay in 2021 titled "Phase 2: 2021 FuturePlay." Photo by FuturePlay

[Asia Economy Reporter Kim Heeyoon] Accelerator FuturePlay announced on the 15th that it has achieved a total asset size of 108 billion KRW as of the 1st of this month. This figure represents more than double the 42.4 billion KRW recorded in the same period last year.

FuturePlay added that it secured new investment funds in 2021 to support startups and expanded its investment capabilities through fund formation. It established funds such as the ‘FuturePlay Innovation Solution Fund’ and the ‘FuturePlay-Shinhan Tech Innovation No.2 Fund,’ totaling 50.25 billion KRW. This is the largest fund formation case among accelerators.

This year, FuturePlay invested in a total of 49 startups, including new and follow-up investments. Among them, 30 were new startup investments. For expanding global market entry, it also made five overseas investments, including three in the United States, one in Singapore, and one in Switzerland.

It did not spare support for follow-up investments either. Investment amounts per startup ranged from 50 million KRW to a maximum of 1.85 billion KRW. The cumulative follow-up investment attraction rate of portfolio companies reached 88%. It pursued co-growth with a total of 19 companies, including Innospace, MotionToAI, Proxy Healthcare, and BuildBlock.

As a result, FuturePlay’s cumulative investment portfolio reached 171 companies, with the cumulative corporate value of invested companies at approximately 3.03 trillion KRW. This is an increase of 1.5 trillion KRW compared to 1.08 trillion KRW as of December 2020. The equity value of FuturePlay’s main account rose by an average of 13.93 times.

IPO cases are also continuing. In February, Vuno successfully listed on KOSDAQ, and currently, eight portfolio companies are pursuing IPOs.

Changes and achievements in the business domain were also clear. FuturePlay initiated new ecosystem creation through ‘TechUp Plus,’ a collaboration program between large corporations and startups by industry, and an in-house venture accelerator program with large corporations.

In particular, through the third season of the ‘Mando’ and ‘Nongshim’ TechUp Plus programs, it selected three mobility startups and four food tech startups. It also conducted in-house venture programs with LG Electronics, LG Uplus, Daewoo Construction, and others.

Additionally, by acquiring HR tech startup ‘Tainment Lab,’ FuturePlay launched a new organization for the ‘Human Acceleration’ area. This is the first case of a domestic accelerator directly acquiring a startup.

FuturePlay’s company-building spin-off, the unmanned automated robot kitchen platform ‘Future Kitchen,’ successfully completed technology verification in 2021 by finalizing an automated design where robots handle everything from chicken production to delivery, together with delivery robot startup ‘Newbility.’

Also, ‘Future Salon,’ which merged with K-beauty brand ‘Kkomnana’ this year, has been newly launched as beauty tech startup ‘Future Beauty.’ Future Beauty is developing an integrated online and offline beauty platform with the goal of enhancing the value of the beauty industry through digital transformation.

Ryu Joonghee, CEO of FuturePlay, said, “2021 was a year of laying the foundation to move to the second stage that FuturePlay envisioned, with various changes and attempts,” and added, “In 2022, we plan to evolve as a more innovative comprehensive accelerator for the development of both people and business.”

This content was produced with the assistance of AI translation services.