Double Capital

What Double Capital does

Double Capital (더블캐피탈) is a Seoul-based venture capital and private equity firm incorporated in South Korea as (주)더블캐피탈, operating as the technology-finance arm of LINE Group, a diversified Korean conglomerate with operations in construction, energy, finance (Double Savings Bank), leisure (Pinestone Country Club), and philanthropy. The firm invests in early-to-growth-stage technology companies across AI & Robotics, Mobility & Transportation, Contents & Media, Energy & Environment, Infrastructure & Communication, and Advanced Components & Materials, with a stated focus on supporting innovative companies through growth capital, organizational capability building, and IPO preparation targeting KOSDAQ listings.

The firm's business model is built on conventional VC/PE economics: management fees on committed capital and carried interest from successful exits. Recent 2026 activity includes a 32 billion KRW participation in Appinit's Series E (India microfinancing), a 15.2 billion KRW participation in Daquest's Pre-IPO round, and the engagement of Mirae Asset Securities as lead manager to shepherd Daquest toward a 2027 KOSDAQ listing. Capital is sourced primarily from LINE Group's balance sheet and co-invested alongside established Korean institutional investors including Mirae Asset Ventures, Hyundai Investment Partners, JB Investment, Hana Venture Investment, Smilegate, Kolon Investment, and Cloud Investment. The firm does not develop proprietary technology products; its offering is investment capital, board-level strategic support, and access to the LINE Group industrial ecosystem for portfolio pilots and distribution.

The firm maintains 26 disclosed IR announcements (including shareholder meetings, executive appointments, and management disclosures) and is currently in its 4th fiscal period. Its portfolio of 16+ companies includes Rznomics (RNA-based gene therapy), Sentbe (cross-border C2C/B2B remittance), The White Communications (AI customer-service SaaS), Appinit (India microfinancing), and Serim Electronics. The firm is privately held with no public listing and no disclosed revenue.

Name

Double Capital

Legal name

(주)더블캐피탈

Website

https://d-capital.kr

Company type

Private

Operating status

Operating

Short description

Double Capital is a Seoul-based venture capital and private equity firm and technology-finance subsidiary of Korean conglomerate LINE Group, investing early-to-growth capital in technology companies across AI, biotech, mobility, energy, and advanced materials, with a stated focus on KOSDAQ exit pathways.

Ownership category

akta.pro rank

Product category

Venture Capital and Private Equity

NAICS

All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Media, Entertainment & Gaming Growth Equity (FSANACAI)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Venture capital investment
• Private equity funding
• Technology startup investment
• Pre-IPO investment
• Growth equity capital

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, Marketing or Sales, Others

Distribution channels3 records

Marketing channels3 records

Core offering

Double Capital is a venture capital and private equity firm that invests capital into technology startups and growth-stage companies, primarily as a co-investor in Pre-IPO and late-stage funding rounds. The firm targets technology sectors including AI & Robotics, Mobility & Transportation, Contents & Media, Energy & Environment, Infrastructure & Communication, and Advanced Components & Materials, and provides portfolio support, board participation, and IPO preparation guidance targeting KOSDAQ listings.

Product overview

Double Capital ((주)더블캐피탈) is a venture capital and private equity firm under the LINE Group that invests in technology companies across sectors including AI & Robotics, Mobility & Transportation, Contents & Media, Energy & Environment, Infrastructure & Communication, and Advanced Components & Materials. The company does not develop or offer its own technology products; instead, it provides investment services including venture capital investments in early-stage technology companies, private equity investments for management buyouts and growth equity, and alternative investments in social infrastructure, energy, vessels, aircraft, content, and intellectual property.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Investment Equity investments in early-stage technology companies, providing growth capital and strategic support. Targeted at technology startups across AI, biotech, mobility, fintech, robotics, and advanced materials sectors.
• Private Equity Investment Equity investments for management buyouts and growth equity rounds in established companies. Active board participation and strategic support provided to portfolio companies.
• Alternative Investment Investments in social infrastructure, energy, vessels, aircraft, content, and intellectual property assets. Provides portfolio diversification beyond pure equity startup investing.
• Pre-IPO Investment Late-stage equity investments in companies preparing to list, including support for KOSDAQ listings (e.g., participation in Daquest's 15.2 billion KRW Pre-IPO round with Mirae Asset Securities reviewing 2027 KOSDAQ listing via AI-specialized technology pathway).
• Growth-Stage Series Investment Series E and later-stage participation in growth equity rounds, such as the 32 billion KRW Series E round in Appinit alongside Mirae Asset Venture Investment, Smilegate, Hana Venture Investment, Big Move Venture, Cloud Investment, and Kolon Investment.

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• JB Investment: Korean venture capital firm investing in growth-stage technology companies. Directly comparable as a recurring co-investor with Double Capital across multiple portfolio rounds and similar tech-sector focus.
• Korea Investment Partners (KIP): One of Korea's largest PE/VC platforms investing in growth-stage technology companies across AI, biotech, mobility, and deep tech. Directly comparable to Double Capital in sector focus, growth-stage orientation, and Korea-centric deal sourcing.
• Mirae Asset Venture Investment: Korean venture capital arm of Mirae Asset Financial Group investing across early- and growth-stage tech. Direct peer as a recurring co-investor alongside Double Capital (notably Appinit Series E) and similar tech-sector emphasis.
• Hyundai Investment Partners: Korean venture capital arm of Hyundai group investing in mobility, energy, and deep tech. Comparable as a co-investor in Daquest Pre-IPO and as a Korean conglomerate-affiliated VC structurally similar to Double Capital's LINE Group backing.
• LB Investment: Korean PE/VC firm focused on growth-stage technology investments, particularly TMT, biotech, and consumer. Comparable to Double Capital in growth-stage focus, tech-sector emphasis, and Korean-domestic operating model.
• Smilegate Investment: Korean VC arm of Smilegate group investing in growth-stage tech and entertainment verticals. Comparable as a co-investor in Double Capital's Appinit Series E round and similar growth-stage tech-deployment model.
• IMM Investment: Korean private equity firm with significant growth-equity activity across tech and consumer sectors. Comparable in deal size, growth-stage positioning, and Korea-centric portfolio construction.

Broad incumbents

• Altos Ventures: Asian tech-focused venture capital firm with a long-running track record. Broad incumbent with comparable tech-sector focus, though larger fund size and broader geographic reach than Korea-centric Double Capital.
• Korea Development Bank (KDB): Korean state-owned policy bank with PE/VC investment arms operating across all stages and sectors. Broad incumbent in the Korean investment landscape; far larger and more diversified than Double Capital but operates in the same capital-allocation ecosystem.
• KIC (Korea Investment Corporation): Korean sovereign wealth fund with significant private-markets exposure including PE/VC fund commitments and co-investments. Broad incumbent in the Korean capital ecosystem with very different mandate but operating in overlapping investment opportunities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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

Investments4 records

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

Frequently asked questions about Double Capital