BonAngels Venture Partners

BonAngels Venture Partners is a highly influential early-stage venture capital firm based in Seoul, South Korea, widely recognized for its pioneering role in the Korean startup ecosystem. Established by Jang Byung-gyu, a prominent figure in the tech industry and founder of Neowiz and Krafton (developer of PUBG), BonAngels has cultivated a reputation for identifying and nurturing high-potential startups from their nascent stages. The firm primarily focuses on seed and Series A investments, acting as a crucial first institutional investor for many burgeoning companies in the region.

BonAngels' investment thesis is broad yet strategic, targeting innovative companies across various technology-driven sectors. Their portfolio spans areas such as information technology, mobile applications, gaming, artificial intelligence, biotechnology, fintech, and e-commerce. The firm is known for its hands-on approach, providing not just capital but also mentorship, strategic guidance, and access to a vast network, leveraging the deep industry experience of its partners. This comprehensive support system is designed to help founders navigate the challenges of early-stage growth and scale effectively.

Over its operational history, BonAngels Venture Partners has demonstrated significant activity and impact. The firm has invested in well over 200 companies, making it one of the most prolific early-stage investors in South Korea. Their commitment to fostering innovation is underscored by their consistent fundraising efforts, including a ₩30 billion KRW (approximately $22 million USD) fund raised in 2018 and a subsequent ₩40 billion KRW (approximately $30 million USD) fund in 2021, contributing to an impressive total Assets Under Management (AUM) exceeding ₩200 billion KRW (approximately $150 million USD). For initial investments, BonAngels typically writes checks ranging from $100,000 to $2,000,000, aligning with their focus on seed to early Series A funding rounds.