# AON Investment

AON Investment is a Private Equity based in Seoul, South Korea.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** aoninvest.co.kr

## Regulatory record

- **Reports private funds:** No

## About

AON Investment is a venture capital firm founded in 2021 in Seoul, South Korea. It focuses on company building within various industry sectors. The firm provides financial investment to startups and emerging companies.

## Sectors

- ICT
- Healthcare Services
- Enterprise Software
- Consumer Goods

## People

- Jonghyun Lee — CEO
- Byungkyu Ahn — Partner / Senior Managing Director / Pharmacist (Pharm D.)
- Taekwon Lee — Head of U.S. Branch
- Hyunho Cho — Vice President
- Geonho Lee — Team Leader / Pharmacist (Pharm D.)

## Questions

### Who runs investment decisions at AON Investment?

CEO Jonghyun Lee leads investment decisions, concentrating on ICT and healthcare. Partner Byungkyu Ahn, a licensed pharmacist, focuses the healthcare practice on data-driven, non-fashion-biased drug and med-tech deals. Vice President Hyunho Cho, a serial software and consumer-goods founder, directs ICT and consumer-sector investments.

### How does AON Investment source proprietary deal flow?

AON Investment's partners draw from their previous operational and consulting backgrounds — CEO Lee from the TIPS startup acceleration program and Synergy IB's government fund-of-funds, Partner Ahn from hands-on healthcare ventures. The firm's U.S. branch also sources North American deals and cross-border partnership opportunities directly, rather than relying on auction processes.

### Is AON Investment structured as a traditional venture capital firm or a company-builder?

AON Investment describes itself as a company-builder-type venture capital firm. Its partners embed directly with portfolio companies, drawing on operator experience — including pharmaceutical practice, IT sales leadership at Oracle, and serial entrepreneurship — rather than functioning solely as financial investors.

### How is AON Investment connected to the TIPS program?

CEO Jonghyun Lee and Partner Byungkyu Ahn both previously managed the TIPS (Tech Incubator Program for Startup) initiative during their tenures at Synergy IB Investment. AON Investment continues to deploy capital through TIPS-linked vehicles, giving the firm a structured pipeline of early-stage, government-vetted Korean startups.

### Does AON Investment have a presence outside South Korea?

Yes. The firm maintains a U.S. branch led by Taekwon Lee, who previously held sales leadership roles at Oracle and served as Korea country head for Spinnaker Support. This office handles North American investments and partnerships, supporting portfolio companies' market entry or expansion strategies in the U.S.

### Does AON Investment co-invest alongside other venture firms or institutional investors?

AON Investment's model includes syndication, drawing on relationships built through government fund-of-funds management and cross-border networks. While the firm does not publicly disclose a co-investment policy, its U.S. branch and operator-heavy approach suggest direct deal-level partnerships with both local Korean and North American venture firms.

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- [Angel Capital Management](https://altss.com/profile/angel-capital-management)
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Last updated: 2026-06-03T20:00:00.000Z

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