M-Venture Investment

What M-Venture Investment does

M-Venture Investment, operating as SUNP Corporation (KOSDAQ: 019590), is a Seoul-headquartered venture capital firm founded in 1999. The firm manages nine investment funds — including six overseas vehicles — with assets under management of approximately KRW 1,600 billion, and since inception has deployed roughly KRW 625 billion across 420 portfolio companies spanning semiconductors (notably GCT Semiconductor), gaming (Com2uS), IT services (NHN), healthcare and biotech (Peptron, PeopleBio), and other technology sectors. The firm derives revenue primarily through traditional VC/PE mechanics: annual management fees on committed capital and performance carried interest on realized exits, supplemented by proprietary balance-sheet investment gains.

The portfolio has produced successful listings on KOSDAQ, TWSE (Taiwan), and TASE (Israel), and the firm is positioned for a marquee exit via GCT Semiconductor's NYSE listing through a SPAC merger. Following a December 2023 corporate control dispute, SuAn Partners — a private equity fund management firm — acquired majority control by purchasing founder Hong Seong-hyuk's 13 million shares at a 70% premium (approximately KRW 169 billion) and installed new leadership including CEO Sung Bo Shim. Under SuAn Partners' stewardship, the firm has shifted strategy toward expanding into PE fund vehicles, broadening its LP base through institutional investor relations, and pursuing further cross-border exits.

The underlying "technology" of the firm is its investment platform — a network of global partnerships across Korea, North America, China, and Israel, combined with deal-sourcing expertise and value-creation capabilities for portfolio companies seeking international growth and listings on Korean, Taiwanese, Israeli, and US exchanges. The company is publicly listed, raising capital through KOSDAQ disclosures and periodic third-party share allocations, and underwent a 3-for-1 capital reduction in February 2025 followed by a small-scale absorbing merger with Bright Korea Co., Ltd. effective May 2025.

Name

M-Venture Investment

Legal name

주식회사 에스유앤피

Website

https://m-vc.co.kr

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

M-Venture Investment (SUNP Corporation) is a Seoul-based KOSDAQ-listed venture capital firm founded in 1999, managing nine funds with approximately KRW 1,600 billion AUM and investing in early-to-mid stage technology, biotech, and healthcare companies across Korea, North America, China, and Israel.

Ownership category

akta.pro rank

Product category

Venture Capital & Private Equity

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Late-Stage Venture Capital (Series C+) (FSANAAAC)

akta.pro secondary industry

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA)

Keywords

• Venture capital
• Private equity
• Portfolio management
• Startup funding
• Fund management

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, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: VC firms typically charge an annual management fee on committed capital under management (AUM), typically 1-2% of fund size. This provides recurring revenue based on the size of the funds under management.
2. Performance Carried Interest (Success Fees): When portfolio companies achieve exits via M&A or IPO, the VC receives a share (typically 20%) of profits above the hurdle rate. M-Venture has realized exits through listings on KOSDAQ (Korea), TWSE (Taiwan), and TASE (Tel Aviv). The GCT Semiconductor NYSE listing (SPAC merger) is expected to generate over KRW 1,000 billion in returns.
3. Direct Investment Returns (Proprietary Capital): M-Venture deploys its own balance sheet capital (PI - Proprietary Investment) into portfolio companies alongside fund investments. The GCT Semiconductor investment of approximately KRW 370 billion in aggregate (fund and proprietary capital) is expected to yield significant returns upon the NYSE listing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

M-Venture Investment (SUNP Corporation) is a Seoul-based venture capital firm founded in 1999 that manages 9 investment funds with KRW 1,600 billion in assets under management. The firm deploys capital into early-to-mid stage technology, healthcare, biotech, and innovation companies, providing capital and strategic consulting to support international growth, M&A, and listings on KOSDAQ, TWSE, and TASE exchanges. Since inception it has invested approximately KRW 625 billion across 420 portfolio companies.

Product overview

M-Venture Investment (SUNP Corporation, KOSDAQ 019590) is a Seoul-based venture capital firm founded in 1999, offering venture capital investment fund management services. The company operates as a single unified product—a VC fund management and investment service—with multiple named investment funds including M-Material Parts Equipment Platform Investment 1, L.P., M-Venture Healthcare Investment Fund, Global Growth Investment, ASEAN Bio & Medical Platform Investment, MaC Fund (Korea-Israel), M-China Fund I, Asia Pacific Venture Invest, and MVC Pathfinder Fund. The firm also maintains a diversified portfolio of approximately 30+ investee companies spanning semiconductors, gaming, healthcare/biotech, IT services, and other technology sectors. The company promotes transparency, profitability, growth, and trust as core investment principles.

Differentiator

Problem solved

Functional benefit

Products and services

• M-Venture Investment Fund Management Service Core venture capital fund management service managing 9 investment funds with KRW 1,600 billion in assets under management, deploying capital into early-to-mid stage technology and innovation companies since 1999
• M-Material Parts Equipment Platform Investment 1, L.P. Investment fund focusing on material parts equipment sector established with KRW 10 billion commitment in 2021
• Global Growth Investment, L.P. Global growth-focused investment fund established in July 2015 with KRW 61 billion commitment for international technology investments
• Asean Bio & Medical Platform Investment, L.P. ASEAN-focused biotech and medical platform investment fund established in 2014 with KRW 60 billion commitment
• MaC Fund, L.P. Korea-Israel cooperation fund established in 2011 with USD 17 million (later increased to USD 35 million), focusing on cross-border technology investments
• Asia Pacific Venture Invest, L.P. Asia Pacific regional investment fund with Class A (USD 30M, 2004) and Class B (USD 30M, 2006) for cross-border technology investments
• Investment Portfolio Companies

Quantifiable outcome

• KRW 625B invested in 420 companies with successful exits via KOSDAQ, TWSE, and TASE listings
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bright Korea (주식회사 브라이트코리아)minorOthers · 17 March 2025M-Venture Investment (as the absorbing company) entered a small-scale merger agreement with Bright Korea (as the absorbed company) pursuant to Korean Commercial Code Article 527-3. The merger was approved by board resolution on March 17, 2025, with an effective date of May 19, 2025. No shareholder meeting was required per the small-scale merger provision. Merger ratio: 1:0 (100% absorption).

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• LB Investment: KOSDAQ-listed Korean venture capital firm with a comparable mid-cap technology and growth-equity focus. Operates multiple fund vehicles and provides the closest like-for-like benchmark for M-Venture's listed VC structure.
• Smilegate Investment: Korean VC affiliated with the Smilegate conglomerate, running multiple early-to-mid stage funds with similar cross-border investment themes including a focus on gaming and tech.
• Aju IB Investment: KOSDAQ-listed Korean investment firm combining venture capital and IB-style advisory. Comparable to M-Venture's combined capital + strategic consulting model for portfolio companies.
• Neoplux: Korean VC firm with material AUM and a long operating history. Comparable in vintage, fund structure, and small-to-mid cap technology/biotech mandate.
• IMM Investment: KOSDAQ-listed Korean VC/PE firm with both venture and growth-equity strategies. Closely comparable to M-Venture's stated ambition to add PE under Su & Partners.
• Mirae Asset Venture Investment: Korean VC arm of Mirae Asset Group managing multiple domestic funds with technology and biotech focus. Comparable in fund structure and sector exposure.
• STIC Ventures: Korean VC firm with a multi-fund platform and active portfolio management in technology and biotech. Comparable in scale and ambition to M-Venture's diversified VC strategy.
• DSC Investment: KOSDAQ-listed Korean VC with a strong tech/biotech focus and similar vintage. Directly comparable in fund count, KOSDAQ listing, and early-to-mid-stage investment thesis.
• KVC (Korea Venture Capital): One of Korea's oldest and largest VC firms with a multi-fund structure similar to M-Venture. Operates in overlapping IT, biotech, and content sectors.

Broad incumbents

• Korea Investment Partners (KIP): Korea's largest VC by AUM with deep institutional LP backing. Provides a scaled-up benchmark for what M-Venture could become if its new PE strategy and GCT proceeds catalyze major fund growth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about M-Venture Investment