HICO Ventures Launches LP Summit in Collaboration with U.S. VC Firm Bow Capital, Marking Their First
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2024-09-12
- Showcasing Joint Fund Investments and Future Strategies: Insights into cutting-edge technologies such as AI.
- “We will evolve into an independent VC and share investment performance in next-generation technologies from our Silicon Valley experience with LPs.”
As global industries pursue agile investment strategies in future growth drivers like cutting-edge technologies such as artificial intelligence (AI), HICO Ventures, managed by U.S.-based HICO Management, held its inaugural annual general meeting (AGM) for limited partners. During the session, they laid out the current state of their fund operations and discussed future plans centered on companies developing next-generation technologies.
HICO Ventures announced that it hosted the 'HICO-Bow AGM' for its investors on September 12th at the Samil Building in Seoul. This marked the first investor event since HICO Management teamed up with leading U.S. venture capital firm Bow Capital earlier this year to create the Bow-HICO Silicon Valley Fund. The joint fund is dedicated to investing in promising companies within emerging technology fields such as AI, machine learning (ML), robotics, web3, and digital transformation (DT). Attendees included SK Networks, SK Magic, and several other external investors who have backed the fund.
While presenting the business status and future outlook of the companies financed through the joint fund, and sharing the latest trends in industry technology, HICO Ventures outlined its growth strategy as a specialized fund management company. After updating on the companies HICO Ventures is investing in, General Partner Samuel Kim stated, “Leveraging our expertise gained in Silicon Valley’s investment landscape, we aim to evolve into an independent venture capital firm, delivering stronger investment results in advanced technologies like AI to a global network of investors”. This move is expected to further solidify HICO Ventures' position and influence in the global venture capital market.
[Photo] At the ‘Hico-Bow AGM’ on September 12, Samuel Kim, General Partner of Hico Ventures, discusses the fund’s operating status with attendees.