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SPARKLABS GROUP
WWW.SPARKLABSGROUP.COM
(formerly Memebox)
$35M Series D led by $26.5B IPO in March $20M Series C led by GDP
Johnson & Johnson 2019 “8 Most Influential Internet Rap
Collectives of the 2010s”
$126M Series C Other investors include GM,
Icahn, Rakuten, CapitalG, Other investors include WPP,
Other investors include
Fidelity Blue Poole, Jimmy Iovine,
Goodwater, Formation Group,
Y Combinator, Cowboy SparkLabs Global Capital ByteDance, Bono
Ventures, Altos (late-stage investments with SparkLabs Global portfolio
LPs) portfolio company company
SparkLabs Korea Fund I &
Global portfolio company
$70M Series D led by Northstar Group $15M total for Series B from
Leading B2C ecommerce player in Vietnam
Balderton and Nokia Growth
$50M Series C led by $100M Series D led by $15M Series B led by Jim
Goldman Sachs (Nov 2019) Generation Capital (Al Gore) Breyer and Thomas Tull
Other investors include Accel, Chan Zuckerberg Initiative’s first Official avatar agency for every
Aspect, Sallie Mae investment (led Series B) player in NBA, MLB, and NFL
Fast Company's 2019 Most Other investors include Spark Other investors include NEA,
Innovative Companies Capital, GV (Google Ventures) Foundation, Box Group
SparkLabs Global (seed fund) SparkLabs Global company SparkLabs Global portfolio
portfolio company company
$25.2M Series B with STIC, $16.4M total for Series B $70M Series D led by CUNA
Aju, and others ($150M post- from Samsung Ventures & Mutual ($495M post-
money) Samsung SDS money)
JV between SparkLabs Korea and Leading enterprise blockchain Servicing $1.15 Billion+ in
Aju Hotel & Resorts company in South Korea aggregate loan originations
12 locations in Seoul and a 84.3x multiple since SparkLabs Other investors include David
PROFITABLE co-working company Korea’s investment Solomon (Goldman Sachs), Gary
Cohn (former Chief Economic
SparkLabs Korea Fund II portfolio SparkLabs Korea Fund I (Batch 6) Advisor to the President)
company & SparkLabs Ventures (Series A
fund) SparkLabs Global portfolio
company
SparkLabs Group
Overview
Yonhap News
Yonhap News
SparkLabs Group
Overview
USA
United Kingdom
SparkLabs’ (SparkLabs Korea Fund III) accelerator fund became the first venture
capital fund presented on a wealth management platform in South Korea.
Woori Bank, one of South Korea’s largest commercial banks, is providing its
private banking clients the option to allocate and invest their wealth into a venture
capital fund for the first time in the Korean financial industry. More details and
public news will be coming in the next couple months.
SparkLabs Group
Overview
With over 2,500 With over 900 attendees With almost 500 attendees,
attendees twice a year, during its 3rd demo day, SparkLabs Cultiv8 hosts the
SparkLabs Korea is the SparkLabs Taipei is the largest startup demo day in
largest startup demo largest startup demo day Australia.
day in the world. in Taiwan.
Peter Guber, Executive Chairman of the Bin Lin, Co-founder & President of Tae-Won Chey, Chairman of SK Group. Jonathan Cheng, Reporter at The Wall Street
Golden State Warriors and former CEO of Xiaomi. Xiaomi’s market cap is over $40 Interviewed by HanJoo Lee, Co-founder of Journal, interviewing Marc Randolph, Co-
Sony Pictures; Jon Jashni, former billion. SparkLabs. SK Group is 84th on Fortune 500 founder of Netflix
President and Chief Creative Officer of Global with $85 billion in revenues last year.
Legendary Entertainment; Teddy Zee,
former President of Overbrook Films
SparkLabs Group
Overview
People
SparkLabs Group
Overview Select Team Members
Jessica HanJoo
Jackley Lee
❯ Jessica Jackley is an entrepreneur and investor. She is ❯ HanJoo John Lee is Co-founder & Partner at SparkLabs
currently the Chief Impact Officer at Aspiration, which is a Group. He is a Co-founder & CEO of Bespin Global. Previously,
leading neo-bank. Aspiration aligns values of sustainability and John was a Co-founder & EVP of Corporate Development and
inclusion with its 1 million customers. Strategy of Hostway. Hostway was acquired by Littlejohn & Co
Her work over the last decade has focused on financial in 2014. He served additional responsibilities as CEO of Hostway
inclusion, the sharing economy, and social justice. She is best Korea and Hostway India, where he is actively involved today.
known as a Co-founder of Kiva, the world’s first online p2p John and his fellow co-founders bootstrapped Hostway into a
microlender. Kiva lets internet users lend as little as $25 to top 5 web hosting company in the world with over 700
individual entrepreneurs, providing them affordable capital to employees. Hostway is a multinational web hosting company
start or expand a small business. Since its founding in October headquartered in Chicago, and serves more than 600,000
2005 Kiva has facilitated over $1B in loans worldwide. Jessica customers worldwide. Previously, he has held positions in every
currently teaches Social Entrepreneurship at the Marshall department of the company, including leading global
School of Business at USC. She also recently served as Walt marketing and sales and overall P&L for North America. John
Disney Imagineering’s first Entrepreneur in Residence. Jessica was born and raised in Korea and immigrated to the United
served from 2010-2012 as a Visiting Practitioner at Stanford’s States at age 13. He holds a BA in Biology from the University of
Center for Philanthropy and Civil Society. She was a 2011 World Chicago.
Jimmy Frank
Kim Meehan
❯ Jimmy Kim was Co-founder and President of N3N, an IoT ❯ Frank Meehan is a Co-founder at Equilibrium, which is a
platform company and Cisco’s first global IoT investment. They new data driven platform helping companies become carbon
service numerous Fortune 500 companies and governments, neutral. He is also a Co-Founder & Partner at SparkLabs Group.
such as Samsung Electronics, POSCO, Port of Singapore, The Frank was the Co-Founder and former CEO at SmartUp.io, a
North Face, and Hyundai Motors. He previously served as N3N’s fast-growing micro-learning platform used by startups, business
CEO. Previously, Jimmy was CEO of Nexonova, a game schools and corporates. SmartUp has been featured in “Best
development studio of Nexon Corp that specializes in Social New Apps” by Apple UK and US in July and October 2015. Frank
Network Games. He was also Nexon’s first CFO for many years was selected as part of the 2012 Wired UK Top 100 in tech, and
(Market Cap: $14 billion). Jimmy also served as Executive Vice Vanity Fair's The Next Establishment list 2010.
President of Nexon Corp, and Head of Nexon’s Portal and Web
Previously Frank was with Horizons Ventures (HK), representing
Services. Nexon is one of the most successful online gaming
them on the boards of Spotify, Siri, Summly, Affectiva, Bitcasa,
providers, with games such as Maple Story, Dungeon and
Fixmo, DoubleTwist, Ginger, Desti and Magisto. While at Horizons,
Fighter, Combat Arms, and Kart Rider. Nexon services over 20
he led early investments in DeepMind (acquired by Google)
games across 60 countries to an audience of 300 million.
and Siri (acquired by Apple). He also is the founder of Kuato
Jimmy was a Co-founder of Studio Ex, an online gaming studio
Studios, a leading educational games studio, and INQ Mobile
that was acquired by Disney in 2012. Jimmy received his B.S. in
which was an early pioneer in mobile internet, winning Best
Biomedical Engineering from Northwestern University, and also
Handset at Mobile World Congress 2009.
a M.S. in Biomedical Engineering from Korea Advanced
Institute of Science and Technology (KAIST).
SparkLabs Group
Overview Select Team Members
Steve Heeyoon
Chen Lee
❯ Steve Chen is the was the Co-founder and Chief ❯ Heeyoon Lee is the Director of Programming at
Technology Officer of YouTube. Steve arrived in Silicon Valley in SparkLabs Korea, and oversees the day-to-day program and
1999 to join PayPal. On his first day at PayPal, Steve met Chad content for Asia’s leading startup accelerator. For 5 years, prior
Hurley, who would become his YouTube co-founder, together to joining SparkLabs, she worked as a manager of The Asan
with Jawed Karim. Steve was instrumental in building YouTube Nanum Foundation where she planned and operated the
into a viral video phenomenon. He helped lead YouTube Korea's first type of startup hub/co-working space name,
through the Google acquisition for $1.65 billion, less than a MARU180.
year after launching the site. As the key technologist, Steve
developed the company’s massive data centers and helped As MARU180 became a Korea's first local partner of Google for
build YouTube into a premier entertainment destination, and Entrepreneurs, she was in charge of screening and managing
one of the most popular websites on the Internet today. the Campus Seoul's co-working space. At the same time, she
managed the fund of funds for the foundation and developed
Steve Chen is an Advisor and Venture Partner at SparkLabs many networks throughout the startup ecosystem. Heeyoon
Taipei. He previously was an Entrepreneur in Residence at graduated from Korea University with double major in
Google Ventures. Steve has received several prestigious honors Sociology and Business.
and acknowledgments from the business and entertainment
communities including: Business 2.0’s “50 Most Influential
People,” GQ’s “Men of the Year,” Time magazine’s “Best
Invention of the Year”, and Fortune’s “Most Powerful People in
Business.” Steve joins GV from AVOS, the incubator he founded
with Chad Hurley in 2011.
SparkLabs Group
Overview Select Team Members
Edgar Jared
Chiu Carney
❯ Edgar Chiuis the Managing Partner for SparkLabs Taipei, ❯ Jared Carney founded Lightdale, a global holding and
managing day-to-day operations of accelerator program. strategic advisory firm, in 2012. Lightdale has international
Edgar is experienced in running startups and mobile app investments and joint ventures, with interests in real estate, life
business. He was the founding partner and Chief Operating sciences, technology, hospitality, healthcare, education and
Officer of Gogolook, responsible for developing the global financial services.
partnership in Japan, Korea, Middle East and Southeast Asia
for Whoscall app, a global caller ID service. Gogolook was Prior to Lightdale, Carney served as Chief Strategy &
acquired by Naver in 2013. Marketing Officer at the Milken Institute working closely with its
Chairman, Michael Milken. He was also a key team member of
Later, Edgar was taken the role of Founding General Manager Knowledge Universe, Mr. Milken’s private equity and education
at Camp Mobile Taiwan (a Naver-owned mobilespecific business. For 10 years he led the annual Global Conference, the
company). He oversaw the firm's business operations, led world’s largest gathering of the capital markets.
market entry strategy for BAND app, a mobile community
application that facilitates group communication. Starting his Carney is Vice-Chairman of McKinley Capital, a $7bn AUM
career, Edgar was a consultant in IBM’s Strategy and quantitative asset manager; on the board of directors of
Transformation Practice, strategizing emerging business Brandenburg Realty, a diversified real estate company;
opportunities & new marketing planning consultancy service Secured Natural Resources, a US based rare earths mining
for tier-one tech companies, receiving IBM Value Role Model company; and UK social housing provider Value Living Group.
Award in 2011. Edgar earned his bachelor degree in
Senior Advisory roles include RMR Industrials, Inc. (OTCBB:
Quantitative Finance from National Tsing Hua University.
RMRI), a company that acquires infrastructure assets in the U.S.;
Houlihan Lokey (NYSE: HL) the international investment bank.
SparkLabs Group
Overview Select Team Members
Brian Chris
Kang Koh
Co-founder &
Managing Partner Co-founder & Partner
❯ Brian Kang is Co-founder & Managing Partner at ❯ Chris Koh is Co-founder and Partner of SparkLabs
SparkLabs Ventures. He has over 20 years of experience as an Ventures. Prior to SparkLabs Ventures, he Co-founded Coupang,
investment professional, a former CEO of a NASDAQ-listed a leader in e-commerce in South Korea with over 3 billion USD
company and a startup entrepreneur. Brian started his career as in gross merchandise volume in 2015 and one of the few
an engineer on Samsung Electronics' pioneering CDMA startups in Korea to receive over a USD$1 billion valuation.
development, and then moved into business development roles. During his 5 years at Coupang, he has led B2B business
When Samsung established its first venture investment arm, development and sales division which was responsible for
Samsung Venture Investment Co, in 1999 Brian joined the sourcing attractive products to bring in over 20 million users (40%
company as a founding member. Afterwards, he joined as a of the population of Korea) to the site. Not only is he
Managing Director of the Korea Venture Fund and was in experienced in marketing and business development, he was
charge of the management of the fund including both direct instrumental in scaling the business from 7 employees to over
investments in ventures and fund of funds investments in other 6000 employees in less than 5 years making him an expert at
VC funds. In 2008, Brian served served CEO & Chairman of the evaluating what it takes for businesses to scale.
Board at Gravity (NASDAQ: GRVY), a Softbank-affiliated gaming
company. His restructuring efforts led the company to rebound Before he founded Coupang, he worked at the Corporate
from a loss to profitability. Later he founded a gaming startup in Strategy team at SK Chemicals developing new business
San Jose, CA and Seoul that explored the large scale mobile opportunities and planning other high level initiatives. He
games in the U.S. and Asian markets. Brian received his MS from received his MBA from Harvard Business School where he
NYU and also completed the Stanford University’s Graduate focused on entrepreneurism and digital innovation.
School of Business’s Executive Management Program.
SparkLabs Group
Overview Select Team Members
Jonathon Malcolm
Quigley Nutt
❯ Jonathon Quigley is Co-founder & Partner at ❯ Malcolm Nutt is Co-founder & Partner at SparkLabs
SparkLabs Cultiv8, which is an agtech & foodtech accelerator Cultiv8, which is an agtech & foodtech accelerator based in
based in Orange and Sydney, Australia. Jonathon has Orange and Sydney, Australia. He is currently a Director and
delivered agricultural analytical work for EY, been heavily Adviser at Wentworth Global Capital Partners. Having raised
involved in commodity trading markets working on a over $150 million for business in the last two years, including $60
commodity desk for CBS prior to joining NAB's commodity million for Startups, he has a unique exposure to deal flow in the
desk. He then joined the Treasury Management team within small cap and startup ecosystem. Farming regionally for the
NAB delivering structuring advice on derivative markets past five years, now back in Sydney, Malcolm has a strong
including foreign exchange, interest rates and commodity connection to Agriculture and Food Technology markets.
markets.
Malcolm was previously a Senior Investment Advisor Macquarie
Currently running a successful agricultural and farming Bank, Senior Investment Advisor and Associate Branch Manager
business in NSW, he spends his time between regional areas of (Sydney) Ord Minnett and Investment Analyst at Crescent
NSW and Sydney ensuring he sees technology from both an Capital
end-user and investor perspective. Involved as a private
investor, Jonathon has been investing in technology for over a
decade including the AgTech sector.
SparkLabs Group
Overview Select Team Members
Jay Eugene
McCarthy Kim
❯ Jay McCarthy has more than 22 years’ experience in ❯ Eugene Kim is currently a Partner of SparkLabs Group
Asia. Currently, as a Managing Partner of Pacific Advisers, he and manages the day–to-day operations of the SparkLabs
has advised, financed and invested in a range of deals in Asia Korea accelerator program. Eugene previously served as a
across industries, principally mining & energy, technology, Director of Global Business Development at Tencent Korea. He
luxury consumer and property. was responsible for the sourcing of Korean game titles to China
and Tencent’s global publishing network, headed the global
In recent years, Jay has focused on originating investment sales of Tencent game titles, and he managed relationships
mandates for PA to invest its own capital in both publicly listed with Tencent’s global publishing partners.
and private companies. Jay advised an institutional investor on
their $175M investment into JD.com. Also raised $50M for Ganji, Prior to Tencent, Eugene was Director of Business Development
which eventually merged with 58.com. Previously, Jay served and Marketing at Podotree, an online educational app
as an Executive Director in the Equity Division at Morgan developer in Korea. Previously, he was with Vertigo Games as
Stanley and worked in the Tokyo, HK, Beijing and Singapore the Group Manager of the Overseas Business Group. Eugene
offices over a 16- year period. Within this time, Jay served 2 led all overseas sales and service support, and all business
years as Morgan Stanley’s “secondee” to China International development and game engine licensing activities. Eugene
Capital Corporation, their JV Chinese Investment Bank, as the was a Manager and Group Head of the Quality Assurance and
Dealing Director in charge of the Equity Division in Hong Kong Localization Group for NHN USA.
and Beijing.
SparkLabs Group
Overview
Our Entrepreneurs
“SparkLabs is an amazing team of investors. The partners are experienced operators
from around the globe who have helped us with not only key business issues, but also
bouncing new ideas. Everyone is intelligent and charismatic, so it's easy to see why
the fund has such an expansive network of founders, senior executives, and advisors
who are always there to help. If you're a founder who cares about scale,
international expansion, or just adding an awesome extension to your team -
SparkLabs is your fund.”
Silicon Valley
- Cathy Han, Co-founder & CEO of 42 (YC W14)
“SparkLabs has been an amazing partner for us - they set the bar high, but have helped
us every step of the way. Not only has the SparkLabs team provided market-vetted
advice and feedback, but they’ve been out front in making key introductions and
resources. Iodine is proud to be part of the SparkLabs clan.”
Our Entrepreneurs
“Suffice it to say that SparkLabs has played a significant role in the Squirrel story! Heck,
they were even involved before we became known as Squirrel! SparkLabs has taken
on the role of investor, mentor, facilitator, talent source, sounding board and all-round
supporter of everything Squirrel as of day 1. Their commitment to our success has
come through in every interaction with the outspoken Frank Meehan and team at
SparkLabs, and they've been a great partner on our amazing journey so far. I look
forward to continuing to see that partnership flourish as they help us work towards
making financial freedom a reality in the UK and beyond!” London
“Code Kingdoms is delighted to part of the SparkLabs family. The partners understand
entrepreneurs because they are entrepreneurs themselves - the guidance and support
provide is always insightful, relevant and timely. Having SparkLabs as an investor has
been a significant contributor to the growth of our company and also provided
immense learning opportunities from fellow portfolio companies and wider network.”
“Love working with these guys. Gives ‘sweat capital’ an entirely new meaning, going
to all lengths around the world to get us what we need.”
Silicon Valley
SparkLabs Group
Overview
Co-founder of
88 Rising
88rising.com
www.youtube.com/88rising
SparkLabs Group
Overview
Additional Information
SparkLabs Group
Overview
SparkPlus
A Leading Co-working Space in Seoul
SPACE
SERVICES
Early-
CHIC, FUNCTIONAL, COLLABORATI stage
VE, EVENTFUL Startups
SparkLabs Job seekers Enterprises
Alumni Freelancers Corporates
F&B / Creators Global
COMMUNITY INFRASTRUCTURE & Retail TFTs
DEVELOPMENT Startups