Latest fund size
$19.3M
Announced
November 11, 2026
Global HQ
South Korea
Members only
Check size
$70K-$400K
Members only
Stage focus
Pre-Seed, Seed
Members only
Regions of investment
Asia, North America
Members only
Mashup Ventures is a South Korean early-stage venture capital firm founded in 2013 by Taekkyung Lee, co-founder of Daum Communications. Originally called Mashup Angels, the firm rebranded in 2024 and has backed more than 220 startups, acting as the first institutional investor in 87% of them. Most of its partners are former founders and startup executives.
Taekkyung Lee, Founder and CEO
Eunwoo Park, Vice President and Chief Investment Officer
Sungmin Yang, AI Partner
Bosung Baik, Associate
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Mashup Ventures invests at pre-seed and seed in technology startups with global growth potential. Its newest fund concentrates on physical AI, vertical AI built for specific industries, energy, and aerospace, extending the firm's recent push into deep tech areas such as space and advanced materials.
The firm also backs robotics companies and Korean consumer brands with strong export prospects.
Members only
What the fund looks for in founders and which sectors it backs.
Mashup Ventures closed Mashup First Believer Venture Investment Fund No. 5 (Mashup Ventures Fund V) at $19.3 million, announced in November 2026.
The fund was raised entirely from private capital with no government policy money and has a 10-year term. The firm's own partners are the largest contributors, joined by successful founders, startups, IT and manufacturing companies, and financial institutions.
Members only
Fund size, LPs and track record.
Leadership
Investment Strategy
Mashup Ventures typically invests $75,000 to $375,000 as the first institutional investor in pre-seed and seed startups, with follow-on capital for portfolio companies.
The firm has been an operator of Korea's TIPS program since 2018 and works with partners in the United States, Singapore, and Taiwan to support global expansion.
Notable Investments
Notable Exits
Members only
Leadership, investment strategy, notable investments and exits.
