HYU Holdings, a Hanyang University-based investment holding company, has partnered with Singapore early-stage fund Farquhar VC to help South Korean startups go global.
HYUH and Farquhar VC will collaborate on investments in HYUH and Hanyang University affiliated startups and accelerate their internationalization efforts in Singapore and the world.
Both will also explore joint funding initiatives to invest and scale HYUH startups globally.
Prof Byung-Hee Lee, CEO of HYUH, said both HYUH and FVC share the same ambitions to enable early stage university startups to strategize, scale and thrive in overseas markets. It is a timely opportunity to synergize the skills of both organizations.
Also read: Singapore’s Farquhar VC joins StockViva’s US$5M Series A investment round
FVC Chief Investment Officer Jason Su said university-seeded startups, such as Beep and Roceso in Singapore, need to plan early for market expansion while focusing on domestic and commercial milestones. Transboundary successes depend on the strengths of the ecosystem actors.
Established in 2008, HYUH is the first university-based holding company in Korea to commercialize HYU technologies and invest in HYU and affiliated startups.
To date, HYUH has invested in more than 50 startups across multiple industry verticals.
Established in 2020, Farquhar has invested in over 20 startups and achieved two exits. Farquhar aims to accelerate the growth of its startup investments through targeted market access with its large network of medium and large local companies across Southeast Asia, Taiwan and other parts of the globe.
FVC makes the first closing of its second fund FVC Green Future Fund.
In December, South Korea’s early stage accelerator-cum-VC fund Bigbang Angels formed a global investment fund in Singapore in partnership with Farquhar VC.
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