What Innopolis Partners does

Innopolis Partners (이노폴리스파트너스(유)) is a Seoul-based Korean LLC-type venture capital firm established in April 2006 as Korea's second domestic LLC-type VC. The firm specializes in public technology commercialization and deep tech investments, deploying capital across five principal verticals: manufacturing/materials (notably semiconductor and display value chain), bio/healthcare (biotech therapeutics, medical devices, surgical robotics), advanced technology (semiconductors, robotics, AI, advanced materials), platform/commerce, and consumer products/contents. Notable portfolio holdings include 하나머티리얼즈 (Si/SiC cathode and semiconductor specialty gases), LB세미콘 (flip chip wafer bumping), 오픈엣지테크놀로지 (NPU and memory IP), 페리지에어로스페이스 (ultra-small space launch vehicles), 젠셀메드 (anticancer herpes virus therapeutics), and (주)에어로봇 (humanoid robots). The firm sources deals through direct outreach, referral networks, and government program pipelines.

The firm was selected as a TIPS (Tech Incubator Program for Startup) operator in 2014 and became the first Scale-up TIPS operator in 2021, granting portfolio companies access to matching private investment plus government R&D support. It has formed 13 funds since inception, with 9 currently active and cumulative committed capital exceeding 4,000 billion KRW (approximately USD 300M). The first fund (Daedeok Fund, 80 billion KRW) was successfully liquidated with a Capital Call IRR of 17.4%, and subsequent funds have produced varied outcomes (e.g., Inno-Envester New Technology at 101.42% IRR; 2019 Secondary at 18.4% IRR; 2011 KIF-IT liquidated in October 2020). The LP base spans National Pension Service, Mother Fund, policy banks (KDB Industrial Bank, IBK), growth finance institutions, securities firms, and corporate investors including Naver and Smilegate Investment.

Revenue is generated through management fees on committed fund capital and carried interest on successful portfolio exits (professional services / fund management model). The firm operates with 1-10 employees from its headquarters in Gangnam-gu, Seoul, led by co-Representative Directors Lee Sang-jin and Lee Ki-joo under a joint representative director system adopted in June 2017, with Vice Chairman Jo Gyu-cheol as the third partner. Investment activity is supported by a team of five investment professionals covering due diligence and portfolio monitoring. Distribution is purely domestic (Korea), with no disclosed international offices.

Name

Innopolis Partners

Legal name

이노폴리스파트너스(유)

Website

http://www.innollc.com/

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Innopolis Partners is a Seoul-based Korean LLC-type venture capital firm (est. 2006, Korea's 2nd LLC-type VC) that invests in deep tech, bio/healthcare, semiconductor materials, robotics, and platform startups via 9 active funds (cumulative ~USD 300M AUM), operating the TIPS and Scale-up TIPS government programs.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity

NAICS

All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Venture capital investment
• Deep tech funding
• Fund management services
• Startup incubation
• Technology commercialization

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Marketing or Sales

Revenue model

1. Fund Management Fees and Carried Interest: As a venture capital firm, Innopolis Partners generates revenue through management fees on funds under management and carried interest (performance fees) from successful portfolio exits. The firm operates multiple venture investment partnerships with varying sizes and structures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Innopolis Partners is a Korean LLC-type venture capital firm that raises and manages multiple venture capital funds, investing the capital into early-stage Korean technology startups across deep tech, advanced manufacturing, bio/healthcare, and platform sectors. The firm is selected as a TIPS operator (2014) and Scale-up TIPS operator (2021), channeling government R&D matching support alongside private capital into portfolio companies from discovery through scale-up stages.

Product overview

Innopolis Partners is Korea's second LLC-type venture capital firm, established in 2006, specializing in public technology commercialization and deep tech investments. The firm operates multiple investment programs including TIPS (selected as operator in 2014) and Scale-up TIPS (first selected as operator in 2021), offering comprehensive support from early-stage company discovery through scale-up growth. The company manages 9 active funds with over 4,000 billion KRW in accumulated fund size, investing across manufacturing/materials, bio/healthcare, advanced tech, platform/commerce, and consumer product/content sectors. The firm partners with anchor LPs including government agencies and financial institutions to provide venture capital funding and R&D support to portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• TIPS (Tech Incubator Program for Startup) Operator Program Government-supported startup incubation program in which Innopolis Partners operates as a selected TIPS operator, providing early-stage technology companies with both venture capital investment and matching R&D support from the Ministry of SMEs and Startups. Selected as TIPS operator in 2014.
• Scale-up TIPS Operator Program Scale-up phase investment program for TIPS graduate companies and promising technology enterprises, where Innopolis Partners invests first and then receives various R&D support from the Ministry of SMEs and Startups. The firm was selected as one of the first Scale-up TIPS operators in 2021, offering matching investment plus government R&D support (up to 30 billion KRW over 3 years) for qualifying companies.
• Venture Capital Fund Management Management of multiple venture capital funds including the Daedeok Fund (80 billion KRW, successfully liquidated with 11.42% IRR), public technology-based funds, early-stage startup funds, science and technology growth funds, regional New Deal funds, and specialized funds targeting manufacturing, IoT, and deep tech sectors. Total accumulated fund size exceeds 4,000 billion KRW across 9 active funds.
• LP Network Services Partnership and capital-raising services with limited partners including National Pension Service, mother fund (government-backed seed fund), KDB Industrial Bank, IBK Industrial Bank, Korea Growth Finance, and various securities firms and corporate investors for venture fund commitments. This network anchors the firm's fundraising for new and successor funds.

Quantifiable outcome

• Capital Call IRR of 17.4% achieved on first fund (Daedeok Fund)
• +1 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• 한국과학기술지주coreStrategic or Co-development PartnerKorea's largest technology holding company (17 government research institutes as shareholders) forming Scale-up TIPS consortium for investment, R&D support, and global expansion.
• 한국자동차研究院coreStrategic or Co-development PartnerKorea Automobile Research Institute, future mobility core technology research institution partnering in Scale-up TIPS consortium for discovering, nurturing, and globalizing promising tech companies.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments117 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innopolis Partners