Bluepoint "Last Year, 3,000 Startup Investment Inquiries"

Doubled Compared to 1,500 Inquiries in 2021

[Asia Economy Reporter Kim Cheol-hyun] Accelerator (AC) Bluepoint announced on the 12th that it received a total of 3,059 startup investment attraction (IR) inquiries last year. Among these, 63 investments were executed.

Compared to about 1,500 IR inquiries received by Bluepoint in 2021, this doubled. The increase in IR inquiries is interpreted as a result of Bluepoint's rising recognition and brand power in the startup ecosystem. Bluepoint also ranked 2nd in the AC preference survey conducted by Startup Alliance for founders last year.

As of the end of last year, the total asset size managed by Bluepoint for startup investments was 114.7 billion KRW, consisting of 31.5 billion KRW in equity (main account) and 83.2 billion KRW in funds. Over 8 years, Bluepoint has invested in a total of 276 startups as of the end of last year. The total corporate value of the portfolio in which it currently holds equity reached 4.0676 trillion KRW, an increase of more than 800 billion KRW compared to the previous year.

The survival rate of Bluepoint’s invested portfolio for over 5 years was 94.7%, greatly exceeding the industry average of about 29%. The first initial public offering (IPO) cases also emerged. Low-temperature plasma sterilization solution company Plasmap and long-acting injectable platform company InventiLab were listed on the KOSDAQ market in October and November last year, respectively.

Bluepoint also submitted a securities registration statement in December last year and began the KOSDAQ listing process. The listing is scheduled within the first quarter of this year, and the raised funds will be used to revitalize the startup ecosystem and foster corporate value growth.

Lee Yong-kwan, CEO of Bluepoint, said, "Throughout 2022, we strived to discover good startups and provide various support to help their growth potential be realized," adding, "This year, through the first listing of an accelerator, we will achieve a higher leap in startup investment and support."

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