[마켓인]’From Curly to Musinsa’… DSC Investment attracting attention from IPO investment

[이데일리 김성훈 기자] With the increasing number of promising companies seeking to enter the global stock market through the so-called’coupang effect’, attention is being paid to the KOSDAQ listed company (DSC Inve), which made initial investments in these companies. It has a history of investing in Market Curly, which is targeting the New York Stock Market, and Musinsa, which is considered the next IPO (public disclosure),’Jamryong’.

In addition, expectations for the full line are growing as they bet on the recently hot sectors such as the development of new AI (artificial intelligence) drugs, rechargeable batteries, and future cars. In the context of the policy of investing in companies that will continue to grow in the future according to the life changed by Corona 19, interest is also focused on the future portfolio composition.

Geon-Soo Yun CEO of DSC Investment

DSC Inve is a venture capital (VC) established in 2012 that focuses on initial investment and has established itself as an early domestic investment company. In 2016, it was listed on the KOSDAQ to raise funds, and the following year, in 2017, it established a subsidiary, Accelerator Schmidt, to strengthen its initial investment expertise.

DSC Inve had an opportunity to introduce 10 companies that have made investments and explain their future directions at an online company briefing held recently. Most of all, the investment company that caught the eye was Market Curly, which officially formulated a listing plan within this year.

Market Curly, which started its first business at the end of 2014, is a company that quickly started the domestic’morning delivery’ service. Exclusive’premium’ products, which are not sold anywhere else, gained word of mouth in the Gangnam area, and expanded the market across the country, and stood out in the early morning grocery delivery market.

DSC Inve invested a total of 4 billion won in Market Curly twice, including the Seed Round in 2015 and Series B in 2017. The enterprise value at the time of investment was 52.5 billion won. Given that the market curly valuation (enterprise value) is KRW 1 trillion in the recent capital market fortune-telling, it is possible to arithmetically exceed 20 times the exit (recovery of funds).

Musinsa, who has emerged as a dinosaur in the online fashion platform industry, also attracts attention. DSC Inve invested a total of 1.8 billion won in Musinsa. DSC Inve explained, “We paid attention to the high growth potential and excellent financial performance as the largest fashion community platform in Korea.”

At the time of DSC investment investment, Musinsa’s corporate value was 400 billion won. In the process of attracting additional investment in recent years, Musinsa was recognized for its corporate value of about 2.5 trillion won, and it was guaranteed to realize a profit close to six times.

DSC Inve is investing in various fields such as mobility, artificial intelligence (AI), advanced materials, and bio. Invested a total of 3.5 billion won in Series A and Series B to Paros iBio, an AI drug development company that is planning to be listed this year, and secured a 14.6% stake by betting a total of 8.5 billion won in SM Lab, which has its own technology for rechargeable battery cathode materials. did.

In addition, △ Phantom AI (4.2 billion won), an auxiliary system developer for autonomous vehicles △ Furiosa AI (2.5 billion won), an AI semiconductor chip manufacturer, △ Brandy (5.6 billion won), a shopping curation app operator, △ Neuromeka, a cooperative robot software manufacturer ( 6 billion won) △E-book publishing and distribution platform Ready (2 billion won) △ Manna CA (9 billion won), a wholesaler of machinery and equipment for agricultural and agricultural industries, is investing in a variety of portfolios.

DSC Inve completed the formation of an initial scale-up fund worth 170 billion won in November last year, achieving the largest asset under management (AUM) of 630 billion won. In the same year, it was the only domestic VC selected as one of Asia’s top 200 promising small and medium enterprises by Forbes.

“We are planning to expand the fund size and increase the amount of investment in the future,” said Gunsoo Yoon, CEO of DSC Inve.