Venture capital firm E&Investment said on the 11th that it was selected as the general partner (GP) for the "Banking Sector Climate Technology Fund No. 2," overseen by Korea Growth Investment Corporation (K-Growth).
Through this fund, E&Investment plans to create a climate technology fund of at least 40 billion won, and once the fund is formed, assets under management (AUM) are expected to exceed a cumulative 800 billion won.
The fund's core goal is to invest in innovative technology corporations that contribute to achieving carbon neutrality.
In particular, it plans to focus on discovering and investing in innovative corporations in advanced deep tech fields such as AI (artificial intelligence) and ICT (information and communications technology) that can enhance industrial efficiency and eco-friendliness. Corporations that have led technological innovation in various areas, including smart factories, eco-friendly mobility, and AI semiconductors, will be key investment targets. The lead fund manager will be Deputy Minister Kim Hye-rin.
Deputy Minister Kim Hye-rin has accumulated more than 10 years of growth-stage investment performance in the VC industry, along with extensive experience as an analyst and fund manager. Recently, she has expanded investments in semiconductor IP and AI-based startups. Major portfolio companies include Lunit, Newrizon, Dabeeo, VITRI, and iVex Medical Systems.
An E&Investment official said, "We will capture both goals of achieving the national mission of carbon neutrality and driving future industrial growth through investments in AI- and ICT-based innovative technologies."