LG Technology Ventures Overview
LG Technology Ventures is the venture capital investment arm of the LG Group. It is managing over $400 million of fund assets and invests in early-stage start-ups in artificial intelligence, mobility, advanced materials, life-sciences, next generation display, mobile, and 5G. LG Technology Ventures strives to create value to its portfolio companies by helping them develop strategic partnerships with various LG Companies.
Latest News
growth-positive
Phoenix Venture Partners LLC Raises 3rd Fund, PVP III LP
Phoenix Venture Partners LLC has closed its latest flagship venture capital fund, PVP III LP, which was oversubscribed. The limited partners of the fund include financial institutions, family offices, and leading multinational corporations. Strategic investors in the fund include Pfizer, Corning, W. L. Gore & Associates, Showa Denko, Nissan Chemical Corporation, Nagase & Co., and LG Technology Ventures. PVP is known for its focus on Advanced Materials and Device investing and has a track record of strong returns. The firm will continue to invest in start-ups developing breakthrough innovations in this field while expanding its global presence. PVP works closely with its strategic investors on open innovation and identifying market opportunities.
InvestmentPartners
growth-positive
LG Group Makes Investment in Promising Israeli AI Startup
LG Groups venture capital subsidiary, LG Technology Ventures, has invested in Israeli AI startup SYTE in a $30 million funding round. SYTE operates an AI-based product search platform and has received a total of $71 million in investment. LG Technology Ventures also invested $23 million in Israeli vehicle electronics startup Aurora Labs in September, along with carmakers Porsche and Toyota.
Investment
growth-positive
LG steps up investment in global start-ups
LG Groups venture capital investment arm, LG Technology Ventures, has invested over $19 million in start-ups in various emerging technology fields. The investment is part of a $425 million fund raised by five LG affiliates in 2018. LG Technology Ventures is actively seeking investment opportunities in fields such as artificial intelligence, virtual and augmented reality, bio, materials, and displays. The most recent investment was $2 million in AmazeVR, a virtual reality platform start-up in Silicon Valley.
Investment
growth-positive
LG Electronics Sets Up Venture Capital Firm in Silicon Valley
LG Electronics has established a venture capital firm called LG Technology Ventures, reflecting the groups efforts to discover future growth engines. The company has been recruiting talent with experience at global investment banks and venture capital firms. LG Technology Ventures will manage investments from LG Group affiliates, who raised 430 billion won in investment funds in March. The company is expected to acquire start-ups, make equity investments, and bring in talented individuals from outside. LG has already invested in AI start-up Acryl and industrial robot specialist Robostar.
InvestmentAcquisition
Team Members
6
Web & Social Links
| Website | www.lgtechventures.com/ |
Locations
Tel Aviv, Israel
5155 Old Ironsides Drive, Santa Clara, CA, USA
Photos & Videos
No files yet
