Hana Ventures, Hana S&B launch first joint $30M fund for second-chance startups
What's the deal? Hana VenturesDealroom has a profile for this one. Try Dealroom →, a venture capital firm under Hana Financial GroupDealroom has a profile for this one. Try Dealroom →, has formed the Hana-Hana S&B Future Growth Fund, a US$33.5M vehicle built with Hana S&B InvestmentDealroom has a profile for this one. Try Dealroom →. It is the first time the two firms have teamed up under a co-general partner (Co-GP) structure.
Why now? The fund followed the pair's selection as general partners for the second-chance category in Korea Venture Investment's 2026 first regular investment program, run under the Ministry of SMEs and StartupsDealroom has a profile for this one. Try Dealroom →' mother fund. That mother fund contributed US$16.8M toward the total.
What's the endgame? The fund targets second-chance companies — those founded by former chief executives or major shareholders of closed businesses, firms in restart support programs, and companies pivoting their existing models.
The second-chance category was introduced to the mother fund in 2023 under the name "restart" to help businesses recover after the COVID-19 pandemic, and was renamed this year.
Lead managers are Kyung-mi Jeon, director at Hana Ventures, and Hong-ju Park, chief executive officer of Hana S&B InvestmentDealroom has a profile for this one. Try Dealroom →. Jeon joined Hana Ventures in April 2024 after CJ E&M and Woori Venture PartnersDealroom has a profile for this one. Try Dealroom →, with a portfolio including Wanted Lab, Apartmentary, and Cleaning Lab.
The firms: This is Hana Ventures' first new fund in roughly two years, since the Hana WISH Value Growth Fund in 2024. Hana S&B Investment, a wholly owned subsidiary of KOSDAQ-listed Hana MaterialsDealroom has a profile for this one. Try Dealroom →, was set up in 2023 as a new technology business finance company covering venture, mezzanine, and pre-IPO investments.
The signal: Industry observers see the tie-up as a way to pair Hana Ventures' financial group network with Hana S&B Investment's industry-based investing — betting that Korea's state-backed mother fund can keep steering private capital toward founders getting a second shot.
Read more: en.infomaxai.com
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