Primer Sazze Partners, a San Jose-based venture capital firm, announced today it has raised its second fund at $127 million (150 billion won) to invest in startups founded by Korean entrepreneurs in Asia and North America.
South Korea-based conglomerate LG Corporation and Hana Financial co-led the second fund, with participation from a number of Korean tech entrepreneurs, including Saeju Jeong, CEO of Noom; Tim Hwang, CEO of FiscalNote; John Kim, CEO of SendBird; Chang Kim, CEO of Tapas Media; and Bong-Jin Kim, founder of Woowa Brothers.Â
Its total assets under management (AUM) is now approximately $170 million, said founding partner of Primer Sazze Kiha Lee.Â
The second fund will invest in early-stage startups, from pre-seed to Series A, Lee said. Initial ticket size will range between $500,000 and $3 million and follow-up checks.Â
Primer Sazze will focus on artificial …
