Venture Business Association's Private Investment Union No. 1 Makes First Investment in Early-Stage Member Companies

Supporting Practical Business Growth Through Follow-up Project Linkage

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[Asia Economy Reporter Kim Cheol-hyun] The Korea Venture Business Association (Chairman Kang Sam-kwon) announced on the 6th that the 'KOVA Private Investment Association No. 1,' jointly operated with Venture Box (CEO Lee Sun-ho), has made its first investment.

The KOVA Private Investment Association aims to participate as angel investors in member companies founded within the last three years by senior venture entrepreneurs, discovering promising junior companies with high growth potential and nurturing them into outstanding venture companies through the association's network and linked business support.

The two member companies that executed this seed investment are Dadaix, a four-wheel vehicle delivery service platform company (CEO Park Jin-woo), and Naebangnibang, a short-term real estate rental brokerage platform company (CEO Nam Geun-ho).

After the investment, the association plans to continuously support growth through various business linkages such as association infrastructure, mentoring by senior entrepreneurs, and providing business cooperation opportunities. Additionally, it intends to actively support early-stage member companies by expanding networking among companies and strengthening member services such as startup support programs.

Hong Seok-jae, the chief fund manager, stated, "We will continue to play the role of growth facilitator by investing in companies that can grow together with the association, targeting early-stage member companies," adding, "we also plan to establish KOVA Private Investment Association No. 2 in the first half of this year."

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