FuturePlay 10th Anniversary... 112.8 Billion KRW Invested in 215 Companies

FuturePlay (CEOs Juunghee Ryu and Ohhyung Kwon) announced on the 24th that it is celebrating its 10th anniversary this year. Since its establishment in 2013, FuturePlay has strategically discovered, invested in, and nurtured early-stage technology startups.

As of the end of March this year, FuturePlay has invested approximately KRW 112.8 billion in a total of 215 companies. Among these, early-stage startups account for 90.2%, and deep tech startups make up 65.4%. By investment sector, the distribution is ▲ Robotics and Autonomous Driving 16.7% ▲ Healthcare 12.5% ▲ IT Infrastructure and Big Data 10.7% ▲ Food Tech 8.3% ▲ Artificial Intelligence (AI) 7.4%, in that order.

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Notably, FuturePlay was the first investor in Innospace, a space launch vehicle startup that recently succeeded in the 'Hanbit-TLV' test launch, making a seed investment in 2019. It made its first investment in 2014 in Huinno, a company developing wearable electrocardiogram devices, and has participated in most of its investment rounds to date. FuturePlay has also invested in Bear Robotics, a serving robot startup rapidly growing in Silicon Valley, Japan, and Korea, as well as Allganize, an enterprise conversational AI service.

The survival rate of invested companies reaches 91.6%, and the overall portfolio companies’ valuation has increased by 20.5 times. Among them, three companies have succeeded in initial public offerings (IPOs), eight companies have completed mergers and acquisitions (M&A), and currently, a total of 11 companies are preparing for IPOs.

Juunghee Ryu, CEO of FuturePlay, said, "Ten years ago, in a startup ecosystem that was a barren land for early deep tech investment, we believed in the potential of Korean engineers and entrepreneurs and began the challenge together. Over the past decade, understanding and interest in deep tech startups have rapidly grown, and the results of various experiments first attempted by FuturePlay have become market standards. We expect the next ten years to be a startup market led by technological innovation."

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