LG Technology Ventures establishes new 400 billion won fund to expand investment in AI and other fields

According to news from this site on November 19, LG Technology Venture Capital, a subsidiary of LG Group, issued a statement today saying that it has established a fund of 400 billion won (note on this site: currently about 2.232 billion yuan) to continue to support artificial intelligence. Global startups in smart, battery and mobility sectors.

The new funding comes from four LGs including LG Energy Solutions Co. Ltd. and LG Chem Co. Ltd., the company said in a statement. Group subsidiaries, bringing the company's total assets under management to KRW 1 trillion.

Public information shows that LG Group established a corporate venture capital company in Silicon Valley in 2018, with a fund size of 600 billion won (currently approximately 3.348 billion yuan). It has now invested more than 400 billion won in companies including Anthropic.

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