Mirae Asset Venture Investment Leads Rebellions' 640 Billion Won Pre-IPO Round... Fostering 'K-Nvidia'

As global competition for leadership in artificial intelligence (AI) semiconductors intensifies, Mirae Asset Venture Investment's consistent investment strategy toward the domestic fabless company Rebellions is drawing market attention.

According to investment banking (IB) and venture capital (VC) industry sources on March 30, Mirae Asset Group plans to participate as the lead investor in Rebellions’ 640 billion won pre-IPO (pre-initial public offering equity investment) round, committing a total of 120 billion won. In addition, the government-led National Growth Fund has selected Rebellions as its first direct investment target for fostering a "K-Nvidia," deciding to invest 250 billion won. This has resulted in a major fundraising round combining both private and policy capital.

What stands out in this investment is Mirae Asset Venture Investment's continued participation. Mirae Asset Venture Investment and Mirae Asset Capital have invested in Rebellions for a total of four consecutive rounds, from Series A, B, and C to this pre-IPO. Notably, they have led both the early growth phase (Series A) and the pre-IPO round, positioning themselves as key investors. Including this round, Mirae Asset Group's cumulative investment totals 147 billion won, securing the largest institutional investor stake.

This investment approach aligns with Mirae Asset Venture Investment's strategy of identifying promising technology companies from an early stage and accompanying them for the long term. Rather than limiting itself to simple financial investment, the firm aims to raise corporate value through active venture capital provision and ultimately contribute to strengthening the country's industrial competitiveness.

Rebellions is developing the next-generation high-performance AI semiconductor "REBEL" and has recently begun targeting the global market, focusing on "sovereign AI" infrastructure demand in the Middle East, including Saudi Arabia. With both technological prowess and financial resources secured, Rebellions is aiming for an IPO in 2027, and its corporate value at the time of listing is expected to reach around 5 trillion won.

With the National Growth Fund’s first direct investment and large-scale private capital inflow, Rebellions has emerged as a symbolic company for fostering "K-Nvidia." The government plans to invest more than 50 trillion won in the AI and semiconductor sectors over the next five years through this fund. This case is being evaluated as a deep tech development model through public-private cooperation and is expected to strengthen the foundation for Korean startups to secure global competitiveness.

Mirae Asset Venture Investment's investment achievements are not limited to Rebellions. Its portfolios in deep tech fields such as AI and semiconductors, where it made preemptive investments, are now entering the exit phase as they begin to fully grow. Major investment destinations including the large language model (LLM) company Upstage, generative AI-exclusive LPU developer HyperAccel, CXL-based memory semiconductor company Exina, AI adtech company Moloco, and RealWorld, which develops physical AI-based robot models, are all expanding their presence in the global market.

An industry official said, "The case of Mirae Asset Venture Investment demonstrates how venture capital can drive core industry growth in deep tech sectors that are characterized by technological uncertainty and require large-scale capital. The influence of its AI-era portfolio and its future exit performance are expected to further expand."

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