Lotte Ventures

Lotte Ventures is the corporate venture capital arm of the Lotte Group, based in Seoul, South Korea. Founded in 2016, it makes equity investments in biotechnology, robotics, and other advanced technology sectors to support Lotte's innovation strategy.

Yeongmin Jeon

CEO

Past deals in Rental

Returnit

Series A in 2025
RETURNIT is a service that replaces single-use containers with reusable containers used for food delivery.

Returnit

Seed Round in 2023
RETURNIT is a service that replaces single-use containers with reusable containers used for food delivery.

Baree

Series A in 2022
Baree is an automobile company that offers domestic motorcycle maintenance and second-hand trading of bikes.

CHEXCAR

Series A in 2022
CHEXCAR is a one‑stop platform for car care and used‑car distribution. It offers integrated certification and merchandising services that support the entire vehicle lifecycle from purchase to sale. The platform enables customers to buy used cars, receive diagnostics from vehicle specialists, and purchase related products through a mobile application or on‑site vending machines, thereby simplifying the buying experience.

KRG Group

Seed Round in 2022
KRG Group is a rental guarantee company that offers rental management and rent deposit management services.

Baree

Seed Round in 2022
Baree is an automobile company that offers domestic motorcycle maintenance and second-hand trading of bikes.

Proudlee

Seed Round in 2021
Proudlee has grown into a consigned lodging business that manages over 300 rooms and currently operates the shared villa platform.

CHEXCAR

Seed Round in 2021
CHEXCAR is a one‑stop platform for car care and used‑car distribution. It offers integrated certification and merchandising services that support the entire vehicle lifecycle from purchase to sale. The platform enables customers to buy used cars, receive diagnostics from vehicle specialists, and purchase related products through a mobile application or on‑site vending machines, thereby simplifying the buying experience.

Returnit

Venture Round in 2021
RETURNIT is a service that replaces single-use containers with reusable containers used for food delivery.

Forevering

Venture Round in 2019
Forevering is a Jewelry Regoods Service company that offers sharing and upcycling.

Buxi

Venture Round in 2017
Buxi is a ride-sharing application that offers on-demand transportation services primarily for airport travel. Designed to facilitate convenient travel in Korea, the app allows users to rent or share a vehicle for transportation between the airport and their hotels. By providing flexible options for airport pick-up and drop-off, Buxi aims to enhance the travel experience for its users, ensuring they can access reliable car rides at any time during the day.

RENGO

Seed Round in 2016
RENGO is an automotive mobile application that provides car rental services through a delivery-based mobility platform. The service offers easy reservations without membership registration, monthly rental options, and comprehensive car insurance, enabling customers to rent vehicles from a wide range of domestic and foreign manufacturers.

Wecook

Seed Round in 2016
Wecook is a shared kitchen service designed to support restaurateurs and aspiring food entrepreneurs by providing access to kitchen facilities and equipment. The company enables food makers to develop and sell their products online while offering a collaborative environment for business growth. Through a monthly membership model, Wecook allows individuals to utilize its kitchen resources without the burden of significant upfront investments in infrastructure. In addition to basic kitchen rentals, Wecook offers professional services such as incubation, research and development, distribution, and branding, facilitating the launch and growth of food and beverage startups. This platform fosters innovation and entrepreneurship in the culinary sector by allowing users to focus on their food business while leveraging shared resources.
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