Singapore venture capital fund Farquhar VC (FVC) has invested in South Korean EdTech AI startup Catius Inc. Smilegate Investments and STIC Ventures led the pre-A round.
FVC noted that Catius is the second Korean startup to join its collection of high-growth businesses, which also includes food and beverage retail-tech firm Sicpama, in which it invested in February 2024 along with Infobank IAccel and the Daegu Center for Creative Economy & Innovation.
Additionally, FVC recently signed two partnership agreements: one with Twin Ventures to facilitate and support cross-border startup collaborations between the two countries and geographical regions, and the other with the Goyang Investment Authority to support mutual advancement of startups between South Korea (Goyang Special City) and Singapore and South East Asia.
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Furthermore, FVC is presently engaged in negotiations with multiple Korean government and industry stakeholders regarding possible fund collaborations.
Additionally, its innovation-advisory subsidiary is set to initiate a collaborative accelerator program aimed at empowering startups in the southern region of South Korea to investigate international expansion prospects.
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Since its founding in 2020, FVC has made investments in over 40 international startups, facilitating their expansion through targeted market access and its network of large and mid-sized corporations.
“FVC is grateful to be entrusted for enabling startups to scale beyond domestic borders through investment and acceleration,” FVC Managing Partner and Chief Investment Officer Jason Su said. This is made possible by having strong partners in academia, commercialization, industry, and government, such as Hanyang University Holdings, Irislab, Infobank, Twin Ventures, and Goyang Special City, More importantly, the fact that several of our portfolio companies (such as Tictag, MyFirst, and Spark Systems) are having ongoing commercial activities in South Korea, is proof of our ability to catalyse and sustain ties between the two countries and geographical regions,” he added.
Aevice Health and EMERGE Group are two of its most recent investments. Through its Green Future Fund, FVC will make investments in fast-growing Korean firms in 2024 and 2025.
About Catius
Catius is South-Korean EdTech artificial intelligence (AI) startup ,Recent study indicates that two-way conversation in preschool is linked to improved communication skills and future success in employment and relationships.
