The 1st Early Stage VC in Korea

Co-Founded by BG Chang,Simon Kang and Inae Song in 2006 as an angel investment team, built up a corporate body in 2010, BonAngels Venture Partners is arguably the first early-stage venture capital of significance in Korea.

We have contributed to form the foundation of Korean startup ecosystem over the past 10 years. BonAngels have invested in more than 120 startups in the fields of IT/Tech (mobile, SW, game), as well as O2O, Education, Fintech and etc. We’ve invested in companies like `Woowahan’, a leading and dominantly used food delivery service app in Korea, ‘Daily’ pioneer of hotel reservation app and ‘Jobplanet’ famously known as Korean ‘Glassdoor’ service. We have our expertise in IT, but are interested in startup teams that push the edge of what’s possible in every industry.

Vision for Greater Asia Startup Ecosystem

Recently we’re expanding our investments into Japan, India and especially Southeast Asia where huge growth potential resides. We’ve fixed our eyes on Southeast Asian market that has their own uniqueness and a variety of similarities with Korea at the same time. We’ve already invested in diverse players in Southeast Asia and Japan, and have a vision to build a greater Asia startup ecosystem to create another success stories.

On the other hand, we’ve invested in US-based teams with talented Korean founders, as part of our efforts to support entrepreneurs who aspire to make a difference globally. And we believe that it will contribute to or add value to a long-term growth of startup community across Asia region.

Team of Entrepreneurs as Pacemakers

We’ve built partner teams with the background of entrepreneurs who experienced company exits through an acquisition or IPO, to provide portfolio startups practical support on the road to success. That is the reason why we named our funds as ’Pacemaker’, a runner who assists a long distance running to set the pace and avoid excessive tactical racing. BonAngels, not only carried out the basic role as an investor, started to provide various supporting roles on reducing or eliminating trial-and-error process and troubleshooting, which has now become a basic role expected from many early-stage VCs in Korea.

In 2013, BonAngels successfully launched the Pacemaker Fund I ($22 million), collective private investments from previous generation of entrepreneurs, for the first time in Korea. Even now, BonAngels is actively leading the investments on early-stage startups with the Pacemaker Fund II ($30 million), launched in 2015.