TBT

TBT Partners is a venture capital firm established in 2018 and located in Seoul, South Korea. The firm focuses on investing in Korean companies, emphasizing a collaborative approach to investment that goes beyond mere capital transfer. TBT Partners aims to act as a strategic partner, leveraging its extensive industry knowledge and experience in internet and mobile services to drive innovation and foster growth. The firm is dedicated to exploring opportunities that align business progress with positive societal impact, thereby contributing to the development of services and products that enhance the world.

Joungho Ahn

Managing Partner

Dongoh Kim

Investment Director and Lawyer

Ram Lee

Founder and Managing Partner

Jungwook Lim

Venture Partner

70 past transactions

LIVEKLASS

Series A in 2025
LIVEKLASS is an online education platform for educators and students.

Two Slash For

Seed Round in 2024
Two Slash For is a beauty brand that offers a wide variety of cosmetic products online.

Medistream

Series C in 2024
Medistream operates an integrated platform for oriental medicine.

Difon

Series A in 2023
Difon is a developer of advanced smart window technology that focuses on regulating sunlight transmittance through innovative smart film solutions. Established in 2021 as a spin-off from Hyundai Motor Group, the company is dedicated to enhancing living spaces by manufacturing and researching smart films that offer benefits such as active sunlight blocking, privacy, UV protection, and energy savings. Difon has built a robust supply chain by forming strategic alliances and investing in system integration with various industry players, including glass manufacturers, automobile OEMs, and construction firms. With a strong emphasis on sustainability and social responsibility, Difon aims to create a positive impact on the environment while continually innovating to provide products that benefit consumers and society.

PeopleFund

Series C in 2023
PeopleFund, founded in 2015, is a leading data-driven digital lender in Korea that specializes in consumer finance. The company aims to provide financial freedom by offering affordable loans and attractive investment opportunities. Utilizing a proprietary credit model and advanced technology, PeopleFund enhances loan rates for borrowers while maintaining a low loss rate, benefiting both retail and institutional investors. It has achieved significant milestones, including becoming the first digital lender in Korea to surpass $1 billion in loan originations and serving nearly 400,000 retail investors. Additionally, PeopleFund is recognized for being the first fintech platform to offer loan and investment products through KakaoTalk, a popular messaging application in Korea. The company has successfully completed a Series C funding round, raising $63.4 million in equity capital. Its lending platform integrates with banks and financial institutions to streamline the loan process, making personal loans accessible at competitive interest rates.

Medistream

Series B in 2023
Medistream operates an integrated platform for oriental medicine.

FREECO

Series A in 2023
FREECO is a content provider for businesses. Consultation, sales, and software development and supply Cosmetics wholesale and retail business Marketing consulting and advertising business.

STAYFOLIO

Series A in 2022
* Founded in 2015, STAYFOLIO is a Fine-Stay platform that curates accommodations with unique values and personality with the motto of “Curate the space where staying itself is travel” * Beyond just introducing accommodation, we provide exclusive accommodation solutions by building a full value chain for Fine Stays, from the process of creating accommodation spaces to branding, promotion, operation and service.

To-Day

Series A in 2022
To-Day is a company that specializes in developing an online delivery platform aimed at providing same-day delivery services. The platform operates without the need for a centralized warehouse, utilizing a system where vehicles follow predetermined routes similar to public transportation. This innovative approach allows for seamless coordination between the vehicles and the delivery of goods. By streamlining the delivery process, To-Day is able to offer customers an efficient and cost-effective same-day delivery option.

Kihya

Seed Round in 2022
Kihya is a distributor of alcoholic beverages that operates an online liquor ordering platform. This platform allows customers to order a variety of alcoholic products, including beer, wine, and spirits, through a phone or website. Users can either pick up their orders directly from licensed stores or opt for home delivery, providing convenience and accessibility for alcohol purchases anytime and anywhere.

SuperBin

Series B in 2022
SuperBin Co., founded in 2015 and based in Seongnam-si, South Korea, develops innovative waste recycling robots, notably the Nephron model. This robot employs artificial intelligence to autonomously identify, sort, collect, and process recyclable materials. SuperBin aims to promote sustainable living and the importance of recycling by incentivizing users to recycle plastics and aluminum cans with financial rewards. Through its technology, the company fosters a culture of resource circulation, encouraging communities to engage in environmentally responsible practices while benefiting economically from waste materials.

Atlas Labs

Series A in 2022
Atlas Labs develops and delivers language-based AI solutions.

Dot Inc.

Series B in 2022
Dot Pad — The first tactile graphics display for the visually impaired. (https://www.youtube.com/watch?v=DaxlpMj1sxU) Dot Kiosk - The most accessible kiosk for the disabled and everyone in a smart city.

Kodebox

Series B in 2022
A blockchain technology company on a mission to create and enable smarter asset management systems.

Swatch On

Venture Round in 2022
Swatch On was launched under the motive to provide a variety of unique, high-quality wholesale fabrics at a reasonable price. Their team is composed of young, creative, professional and motivated individuals crazy and passionate about fashion fabric. And they are here to help you find the perfect fabric for your collection. They assure that you will have great experiences with their personalized approach to each and every client.

LIVEKLASS

Seed Round in 2022
LIVEKLASS is an online education platform for educators and students.

Shopl & Company

Series A in 2022
Shopl, stands for “Shop + people”, is SasS-based software trying to resolve problems such as checking field team employees’ attendance and performance, get store data and set sales targets in the retail industry. It is the right technology connecting employees at retail shops and back-office teams at Headquarters. Shopl is in full operation from 2020, and it already secured 10,000 users. Also, it is making revenue from paid customers by providing services to Global manufacturing companies. Shopl helps to manage both employees and store issues in real-time and improves employee engagement in the shop which positively impacts business performance.

Playio

Seed Round in 2021
Playio is a mobile gaming rewards app that offers a data-driven marketing platform designed to enhance the gaming experience for users and game studios alike. Through its mobile application, Playio allows users to earn rewards by playing mobile games, facilitating the discovery of new digital worlds with ease. This platform not only incentivizes players but also helps game studios connect with and engage a broader audience of mobile gamers globally. By combining gameplay with rewards, Playio aims to create a mutually beneficial environment for both gamers and game developers.

S.LAB Asia

Series B in 2021
S.LAB is a platform for supply chain logistics for an efficient and cost-saving end to end transportation service. Through its cold chain technology, the company significantly reduces the cost during the first mile and middle mile delivery. Real-time tracking service will collect all the data to actively respond to the incident and keep the customer satisfied. With the data, S.LAB optimizes the temperature, packaging, and routing to increase the efficiency in cold chain delivery per country.

Kokoji

Seed Round in 2021
Kokoji is a kids' audio tech platform. Kokoji redesigns childrens content consumption journeys based on audio content. Kokoji provides services for children, such as language, brain, and emotional development, through auditory stimulation.

Himedi

Series A in 2021
Himedi, Inc. is a digital health platform based in Seoul, South Korea, founded in 2011. The company connects international patients with medical service providers in South Korea, facilitating access to healthcare services. Himedi offers a hospital reservation service and provides consultations with doctors, while also recommending clinics suited to the patients' needs. Additionally, service managers accompany clients throughout their medical journeys, ensuring a seamless experience. This approach aims to enhance the quality of life for medical tourists by offering tailored healthcare solutions and support during their stay.

Netspa

Series A in 2021
Netspa is dedicated to producing recycled nylon by collecting and processing waste fishing nets. The company employs advanced technology to automatically sort and separate various polymers, which are then finely pulverized. This process not only supports the creation of sustainable products but also aims to preserve marine environments and ecosystems. Netspa provides customers with high-quality recycled nylon and engineering plastics, transforming waste materials into valuable resources while contributing to environmental sustainability.

Lemontree

Seed Round in 2021
Lemontree is a finance service company that helps children with savings and investment education.

Grepp

Series A in 2021
Grepp, Inc., founded in 2014 and based in Seoul, South Korea, specializes in developer recruitment and software training solutions. The company operates an online skill assessment platform that enhances the competitiveness of developers by supporting training, exchange, and problem-solving activities. Grepp aims to facilitate participation in software development for individuals of all backgrounds, while also assisting job seekers in identifying suitable career paths. Additionally, it helps companies connect with skilled developers to create valuable software products. Through these initiatives, Grepp fosters a community that not only empowers developers but also emphasizes the importance of software literacy and creative problem-solving skills among the younger generation.

Getcha

Series A in 2021
Getcha operates as a comprehensive online platform for car purchasing, long-term rentals, leasing, test rides, and car consulting. The company connects buyers with sellers through a comparison shopping service, allowing consumers to access a network of dealerships and obtain multiple price quotes. This transparency in transaction pricing empowers consumers to make informed decisions while enabling sellers to concentrate on potential buyers. By streamlining the car buying and renting process, Getcha aims to enhance the overall experience for both consumers and sellers in the automotive market.

Upstage

Series A in 2021
Upstage AI is a provider of customized AI services designed to help businesses with artificial intelligence. The company delivers AI models based on the demands of the business to address the customer's core activities while also improving the efficiency and progress of the business process, allowing clients to solve problems and meet the company's AI innovation goals.

Lillycover Co.

Series A in 2021
Lillycover makes personlaized beauty solution for smart skin care by oneself. Founded in 2016, the company is headquartered in Daegu, Taegu-jikhalsi, South Korea.

EditMate

Seed Round in 2021
EditMate provides video editing services.

Soomgo

Series C in 2021
Soomgo, Inc. operates an on-demand online platform that connects customers in South Korea with local service professionals across a wide range of categories. Founded in 2014 and headquartered in Seoul, the company facilitates access to over 1,000 services, including music lessons, fitness training, academic tutoring, home services, event planning, wedding design, and beauty services. As the largest local service marketplace in South Korea, Soomgo aims to streamline the hiring process for users by enabling them to quickly and easily find and hire qualified professionals for their specific needs. The company is backed by prominent investors from both the United States and Korea, further bolstering its position in the market.

Cher Ground

Series A in 2021
Cher Ground is a startup focused on the fashion industry, specifically in the digital market for wholesale transactions. The company offers a platform designed to facilitate trade in the fashion wholesale market, catering to the needs of both retailers and wholesalers. Its services include order management, information management for stores and retailers, and product upload functionalities tailored to the requirements of users. By enhancing efficiency and convenience, Cher Ground aims to streamline the wholesale and retail processes within the fashion sector, promoting effective engagement between buyers and sellers.

FREECO

Seed Round in 2021
FREECO is a content provider for businesses. Consultation, sales, and software development and supply Cosmetics wholesale and retail business Marketing consulting and advertising business.

Team O2

Series B in 2021
Team O2 is an O2O specializes IT company.

Lawfully

Seed Round in 2021
Lawfully is an immigration legaltech company founded in 2017 and headquartered in New York. It aims to assist immigrants and legal professionals through the use of data analytics and artificial intelligence. Lawfully's platform offers a range of services, including case tracking, analysis, video legal consultations, remittance, and mock interviews, effectively connecting immigrants with various service providers. By leveraging big data and advanced algorithms, the company delivers personalized predictions regarding case processing times, approval rates, and the likelihood of Requests for Evidence (RFEs). This innovative approach not only enhances the immigration experience for individuals but also empowers lawyers with valuable insights and tools.

Grepp

Seed Round in 2021
Grepp, Inc., founded in 2014 and based in Seoul, South Korea, specializes in developer recruitment and software training solutions. The company operates an online skill assessment platform that enhances the competitiveness of developers by supporting training, exchange, and problem-solving activities. Grepp aims to facilitate participation in software development for individuals of all backgrounds, while also assisting job seekers in identifying suitable career paths. Additionally, it helps companies connect with skilled developers to create valuable software products. Through these initiatives, Grepp fosters a community that not only empowers developers but also emphasizes the importance of software literacy and creative problem-solving skills among the younger generation.

Voithru

Series B in 2021
Voithru is an AI-driven crowdsourcing subtitle platform designed for content creators seeking efficient translation services. It offers advanced crowd-sourced translation technology along with data analysis capabilities. The platform utilizes artificial intelligence to ensure high-quality translations, incorporating features such as fraud detection and speech-to-text voice detection. Additionally, Voithru reviews new terminology and checks grammar during the translation process, enabling clients to effectively engage audiences across different languages and regions.

Perfitt

Series A in 2020
Perfitt transforms the online footwear shopping experience by offering personalized shoe size recommendations using advanced artificial intelligence technologies. By leveraging deep learning and image processing, Perfitt's solutions accurately measure foot sizes and shoe inner shapes at a millimeter level. This precise data is continuously fed into their machine-learning algorithms, which helps footwear retailers and brands enhance their product design and manufacturing processes. The company's innovative approach aims to eliminate concerns related to sizing, thereby improving customer satisfaction and reducing return rates associated with incorrect sizes. Overall, Perfitt's technology provides a streamlined and efficient shopping experience for consumers, ensuring that they find the perfect fit with ease.

Monolabs Co

Funding Round in 2020
Monolabs Co provides digital transformation, information technology, health subscription, and advisory services to the healthcare industry.

XYZ

Seed Round in 2020
XYZ, Inc. is a service robot startup focused on integrating artificial intelligence into everyday life through innovative robotic solutions. The company specializes in developing various service robots aimed at automating retail and hospitality environments. Notable products include a barista robot for coffee preparation, an ice cream robot for serving desserts, and a food and beverage delivery robot designed to streamline customer service. XYZ has established collaborations with prominent brands such as Porsche Korea, Hyundai Motor Company, and Grand Walkerhill Hotel, showcasing its commitment to advancing unmanned technologies tailored to industry needs. By offering customizable robotic solutions, XYZ aims to enhance operational efficiency and improve customer experience in diverse settings.

Motov

Series A in 2020
Motov is a digital advertising agency that specializes in connecting advertisers with their target audiences through a real-time, location-based taxi tower system. This innovative platform allows for geofenced ad campaigns, enabling advertisers to deliver messages to specific locations. In addition to providing advertising opportunities, Motov offers an advertiser center that delivers real-time insights on ad exposure within taxis. The platform utilizes data analytics to provide demographic details such as the floating population, age, and gender of individuals in the vicinity. This approach not only helps taxi drivers generate additional income through advertising but also aids local governments in enhancing public services by leveraging collected street data.

Monolabs

Series A in 2020
Monolabs Co provides digital transformation, information technology, health subscription, and advisory services to the healthcare industry.

Grip

Series B in 2020
Grip is a mobile application that offers to sell products, update stories, go online and chat communication to sellers.

SuperBin

Series B in 2020
SuperBin Co., founded in 2015 and based in Seongnam-si, South Korea, develops innovative waste recycling robots, notably the Nephron model. This robot employs artificial intelligence to autonomously identify, sort, collect, and process recyclable materials. SuperBin aims to promote sustainable living and the importance of recycling by incentivizing users to recycle plastics and aluminum cans with financial rewards. Through its technology, the company fosters a culture of resource circulation, encouraging communities to engage in environmentally responsible practices while benefiting economically from waste materials.

Atlas Labs

Seed Round in 2020
Atlas Labs develops and delivers language-based AI solutions.

Konatus

Series A in 2020
Konatus is a mobile app for taxi booking.

S.LAB Asia

Seed Round in 2020
S.LAB is a platform for supply chain logistics for an efficient and cost-saving end to end transportation service. Through its cold chain technology, the company significantly reduces the cost during the first mile and middle mile delivery. Real-time tracking service will collect all the data to actively respond to the incident and keep the customer satisfied. With the data, S.LAB optimizes the temperature, packaging, and routing to increase the efficiency in cold chain delivery per country.

Shopl & Company

Seed Round in 2020
Shopl, stands for “Shop + people”, is SasS-based software trying to resolve problems such as checking field team employees’ attendance and performance, get store data and set sales targets in the retail industry. It is the right technology connecting employees at retail shops and back-office teams at Headquarters. Shopl is in full operation from 2020, and it already secured 10,000 users. Also, it is making revenue from paid customers by providing services to Global manufacturing companies. Shopl helps to manage both employees and store issues in real-time and improves employee engagement in the shop which positively impacts business performance.

Roovook

Seed Round in 2019
Roovook is a developer of an innovative online platform focused on enhancing lead generation and event conversion through its Event & Sales Management System (EMS). This digital solution stands out for its efficiency compared to traditional offline sales and management methods. Roovook's platform features a continuous lead generation system, allowing users to capture and manage leads at any time. It facilitates a seamless digital sales process, enabling online quote requests, bookings, and payment transactions. The platform emphasizes data-driven decision making, offering real-time data analysis to support effective marketing strategies and maximize results. Additionally, Roovook's user-friendly interface and powerful automation capabilities streamline repetitive tasks, allowing users to save time and improve overall efficiency.

FANCIM

Seed Round in 2019
FANCIM operates an online interactive platform designed to enhance communication between celebrities and their fans. The platform provides various options for interaction, allowing fans to connect with their favorite creators through messages and gifts. By facilitating this engagement, FANCIM fosters a healthy communication culture that enables fans to support and interact with the celebrities they admire.

Shopl & Company

Seed Round in 2019
Shopl, stands for “Shop + people”, is SasS-based software trying to resolve problems such as checking field team employees’ attendance and performance, get store data and set sales targets in the retail industry. It is the right technology connecting employees at retail shops and back-office teams at Headquarters. Shopl is in full operation from 2020, and it already secured 10,000 users. Also, it is making revenue from paid customers by providing services to Global manufacturing companies. Shopl helps to manage both employees and store issues in real-time and improves employee engagement in the shop which positively impacts business performance.

N.THING

Series B in 2019
N.THING, based in Ansan-si, South Korea, is an Agri-Food tech company founded in January 2014 that innovates within the farm-to-table food value chain by integrating IoT technology and data. The company is known for developing the world’s first modular vertical farm, called the CUBE, which offers mass productivity and an optimized environment for various crops through a dedicated operating system. N.THING also offers additional products such as SQUARE, a modular hydroponic kit, and Planty, the first Internet-connected social pot, which enhances the gardening experience by allowing users to monitor environmental conditions and share their plant care activities. With a focus on connecting people to nature and leveraging technology for efficient farming, N.THING has received notable awards, including the iF Design Award and Best of Innovation at CES 2020. The company is expanding its operations globally, aiming to enhance its presence in markets such as North America and the U.A.E.

MAAS ASIA

Seed Round in 2019
MAAS ASIA offers urban intelligent transportation services.

Sky Labs

Series A in 2019
Sky Labs is focused on developing innovative wearable technology for continuous health monitoring, specifically targeting atrial fibrillation, a common but often undiagnosed heart condition. The company’s flagship product, the Cardio Tracker (CART), is a cuffless, ring-type device that allows users to monitor their heart health effortlessly by simply wearing it on their finger. This device is designed to be comfortable and practical for daily use, being waterproof and dustproof so that it can be worn continuously, even during activities like showering. The CART operates without requiring user intervention, automatically detecting and recording instances of atrial fibrillation to provide users with real-time health data accessible via a smartphone app. This capability not only helps users manage their heart health but also assists healthcare professionals in diagnosing atrial fibrillation based on the data collected. Sky Labs is currently engaged in clinical trials with Seoul National University Hospital to validate the device's performance and is collaborating with Bayer to enhance its healthcare offerings. The initial target market includes atrial fibrillation patients in Finland, with a broader goal of reaching millions globally.

Wave

Series A in 2019
Wave is an app that allows users to play games while group video chatting.

Team O2

Series A in 2019
Team O2 is an O2O specializes IT company.

Soomgo

Series B in 2019
Soomgo, Inc. operates an on-demand online platform that connects customers in South Korea with local service professionals across a wide range of categories. Founded in 2014 and headquartered in Seoul, the company facilitates access to over 1,000 services, including music lessons, fitness training, academic tutoring, home services, event planning, wedding design, and beauty services. As the largest local service marketplace in South Korea, Soomgo aims to streamline the hiring process for users by enabling them to quickly and easily find and hire qualified professionals for their specific needs. The company is backed by prominent investors from both the United States and Korea, further bolstering its position in the market.

Konatus

Seed Round in 2019
Konatus is a mobile app for taxi booking.

Mapiacompany

Venture Round in 2019
MAPIA, a Korea-based IT & Marketing enterprise with an affiliated business entity in Tokyo of Japan, is a recipient of “Forbes 30 Under 30 Asia 2018”, serving global users of 200 countries, our strategic partners include but not limited to global prominent copyright associations and publishers. We specialize in sheet music monetization, global contents distribution, and cross-border settlements facilitation. 3 sheet music websites under MAPIA’s exclusive management as follows: MyMusicSheet https://www.mymusicsheet.com Mapianist https://www.mapianist.com Kokomu https://www.kokomu.jp

WeddingBook

Venture Round in 2019
WeddingBook helps users find the wedding reception sites, hotels for wedding guests, caterers, photographers, florists, bands, DJ's, videographers, dresses, cakes and other vendors to make wedding planning simple and wedding reception perfect.

SANDBOX

Series C in 2019
SANDBOX is a digital entertainment company that specializes in multi-channel network services tailored for the gaming and digital content sectors. The company focuses on creating and distributing content for game developers and the broader gaming entertainment industry. By offering a platform for creative digital natives, SANDBOX enables creators to express their imagination freely and engage audiences worldwide. Through its services, the company aims to enhance the digital landscape, fostering innovation and collaboration among content creators and researchers.

MAAS ASIA

Seed Round in 2019
MAAS ASIA offers urban intelligent transportation services.

N.THING

Series A in 2018
N.THING, based in Ansan-si, South Korea, is an Agri-Food tech company founded in January 2014 that innovates within the farm-to-table food value chain by integrating IoT technology and data. The company is known for developing the world’s first modular vertical farm, called the CUBE, which offers mass productivity and an optimized environment for various crops through a dedicated operating system. N.THING also offers additional products such as SQUARE, a modular hydroponic kit, and Planty, the first Internet-connected social pot, which enhances the gardening experience by allowing users to monitor environmental conditions and share their plant care activities. With a focus on connecting people to nature and leveraging technology for efficient farming, N.THING has received notable awards, including the iF Design Award and Best of Innovation at CES 2020. The company is expanding its operations globally, aiming to enhance its presence in markets such as North America and the U.A.E.

Rael

Series A in 2018
Rael is a Los Angeles-based company that specializes in menstrual care and feminine wellness products made from natural and organic ingredients. Founded by three female entrepreneurs, Rael aims to empower women by offering safe and healthy alternatives to conventional feminine care items. The company's product range includes pads, tampons, pantyliners, period underwear, feminine washes, and wipes, all designed to prioritize comfort and quality. Additionally, Rael has ventured into the clean beauty market, introducing products such as natural face sheet masks made from botanical ingredients. The brand has gained significant traction, becoming a bestseller on Amazon and expanding its availability to Target stores and 13 countries. Since its establishment in 2017, Rael has attracted investment from various industry leaders, reflecting its commitment to promoting healthier options for women's personal care.
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