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SparkLabs Group Year End Highlights 2019


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Brief overview of some of SparkLabs Group's highlights from 2019. SparkLabs Group is made up of 9 startup accelerators and 3 venture capital funds. Since 2013, we have invested in over 260 companies across 6 continents.

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SparkLabs Group Year End Highlights 2019

  1. 1. We are widely considered the leading accelerator network in Asia with operations in South Korea (1st launched in Dec 2012), Beijing, Shenzhen, Taipei, and Sydney; new accelerators in Muscat, Oman, Washington D.C., and with Arizona State University in Tempe, AZ; SparkLabs Global Ventures, a global seed-stage fund; SparkLabs Ventures, our early-stage fund for South Korea and SE Asia; and SparkLabs Capital, a late stage investment vehicle. Our team previously has led investments in Siri (sold to Apple), DeepMind (sold to Google for over $500M), Ping An Good Doctor ($7.45 billion IPO), Spotify (board member), Studio Ex (co-founded, sold to Disney), Hostway (co-founded, sold to a PE fund) and others. SparkLabs Group is a network of startup accelerators and venture capital funds, which was founded in 2013. SPARKLABS GROUP W W W . S PA RK L A BS GROU P. C OM 2
  2. 2. SparkLabs is a young venture capital firm that not only has a strong growing brand, but numbers to back up our reputation. Plus we are known as nice, trustworthy people. SINCE 2013 or 7 years Over… 260 startups invested $4.5 billion in total post money valuation 45% IRR across our top 2 accelerators 3 SPARKLABS GROUP W W W . S PA RK L A BS GROU P. C OM
  3. 3. I. Our Partners in the Frontlines of Entrepreneurship II. Woori Bank and SparkLabs Korea Partnership III. Shinhan Bank and SparkLabs Korea Launch Side Fund IV. Melanie Healey & Lars Peter Hansen Joins as Advisors V. SparkLabs in Newsweek’s Top 100 Smart City Partners VI. Notable Investments 4 CONTENTS
  4. 4. We are at the Frontlines Co-founder of SparkLabs Group Co-founder at Equilibrium (carbon neutral platform for corporates) Raising $3M seed in 2Q 2020 6 Co-founder of SparkLabs Group Co-founder & CEO at Bespin Global Raised $77M Series B Closing $40M Series C in early 2020 HANJOO LEE FRANK MEEHAN All founding partners are former entrepreneurs and two of our partners are at the frontlines again!
  5. 5. 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 (top 5), 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. Woori Bank & SparkLabs8 Woori Bank and SparkLabs Korea partner to provide private banking clients the VC option
  6. 6. Shinhan Bank and SparkLabs Korea created a US$10M side fund to follow on with SparkLabs Korea Fund III investments and other SparkLabs accelerator follow-on opportunities. Shinhan Bank is investing $5M into this new fund as a Co-GP. New LPs into the SparkLabs’ ecosystem are providing the rest. Shinhan Bank (NYSE: SHG), second largest commercial bank in South Korea in terms of total assets (over $453 billion) with a market cap of over $18 billion. 9 Shinhan Bank and SparkLabs Korea create a side fund for SparkLabs Korea Fund III Shinhan Bank & SparkLabs
  7. 7. Melanie Healey Joins SparkLabs Group Advisory Board We are honored to have Melanie Healey join our SparkLabs Group Advisory Board. Melanie's 25-year tenure at P&G included Group President, North America which was the company's largest and most profitable region ($30+ billion in revenue). She currently sits on the board of directors of several Fortune 500 companies, such as Verizon (#19), Target (#39), PPG (#205) and Hilton (#345). SparkLabs Group Advisors10 Michael Crow Honored in Fortune s The World s 50 Greatest Leaders 2019 One of our first advisors since 2013, Michael Crow, President of Arizona State University (ASU), has been a strong supporter of SparkLabs Group’s vision and growth. We are proud to be associated with him as Fortune recently recognized him as one of the World’s 50 Greatest Leaders. Lars Peter Hansen Joins SparkLabs Group Advisory Board Lars Peter Hansen is a Professor of Economics at the University of Chicago and a leading expert in economic dynamics who works at the forefront of economic thinking and modeling, drawing approaches from macroeconomics, finance, and statistics. He is a recipient of the 2013 Nobel Prize in Economic Sciences.
  8. 8. SparkLabs Group was the only venture capital firm (or any investment company) in the world to be recognized in Newsweek’s 2019 Top 100 Smart City Partners Awards 11 W W W . S PA RK L A BS GROU P. C OM SPARKLABS GROUP
  9. 9. Notable Investments14 $50M Series C led by Goldman Sachs (Nov 2019) Other investors include Accel, Aspect, Sallie Mae Fast Company's 2019 Most Innovative Companies SparkLabs Global (seed fund) portfolio company $100M Series D led by Generation Capital (Al Gore) Chan Zuckerberg Initiative s first investment (led Series B) Other investors include Spark Capital, GV (Google Ventures) SparkLabs Global company $26.5B IPO in March 2019 Other investors include GM, Icahn, Rakuten, CapitalG, Fidelity SparkLabs Global Capital (late-stage investments with LPs) portfolio company $25.2M Series B with STIC, Aju, Intervest and others ($150M post-money) JV between SparkLabs Korea and Aju Hotel & Resorts 12 locations in Seoul and a PROFITABLE co-working company SparkLabs Korea Fund II portfolio company $16.4M total for Series B from Samsung Ventures & Samsung SDS Leading enterprise blockchain company in South Korea 84.3x multiple since SparkLabs Korea s investment SparkLabs Korea Fund I (Batch 6) & SparkLabs Ventures (Series A fund) $70M Series D led by CUNA Mutual ($495M post-money) Servicing $1.15 Billion+ in aggregate loan originations Other investors include David Solomon (Goldman Sachs), Gary Cohn (former Chief Economic Advisor to the President) SparkLabs Global portfolio company
  10. 10. 15 $35M Series D led by Johnson & Johnson $126M Series C Other investors include Goodwater, Formation Group, Y Combinator, Cowboy Ventures, Altos SparkLabs Korea Fund I (Batch 1) & Global portfolio company $15M Series B led by Jim Breyer and Thomas Tull Official avatar agency for every player in NBA, MLB, and NFL Other investors include NEA, Foundation, Box Group SparkLabs Global portfolio company $70M Series D led by Northstar Group Leading B2C ecommerce player in Vietnam Other investors include, CyberAgents, Sumitomo, VNG Corporation SparkLabs Ventures (Series A fund for Korea & SE Asia) portfolio company $15M total for Series B from Balderton and Nokia Growth Leading wellness app in Europe Other investors include Bauer Media Group, Draper Esprit SparkLabs Global portfolio company $20M Series C led by GDP 8 Most Influential Internet Rap Collectives of the 2010s Other investors include WPP, Blue Poole, Jimmy Iovine, ByteDance, Bono SparkLabs Global portfolio company () ) ( Notable Investments
  11. 11. Sweden USA United Kingdom Australia Peru Saudi Arabia takko We have invested in over 260 companies through all of our entities and across 6 continents since 2013. Here is a selection of our investments. Brazil Nigeria India 16
  12. 12. South Korea Singapore Israel Ireland France Malaysia Vietnam Hong Kong Taiwan Ireland 17
  13. 13. 18 Happy New Year! from the SparkLabs Family