# Open Water Investment

Open Water 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:** 2019
- **Assets under management:** Undisclosed
- **Website:** www.openwaterinv.co.kr
- **LinkedIn:** https://www.linkedin.com/company/openwaterinv

## Regulatory record

- **Reports private funds:** No

## About

Open Water Investment is a private equity firm based in Seoul, South Korea. It pursues a Venture Capital strategy. The firm manages $103.5 million in assets, with $27.36 million in dry powder, and has 9 staff members, including 4 investment professionals.

## Sectors

- Enterprise Software
- AI/ML
- Digital Health
- FinTech
- ClimateTech

## Questions

### What investment stages does Open Water Investment target?

Open Water Investment deploys capital from seed rounds through late-stage growth. The firm participates in early-stage financings where Korean startups face a structural funding gap, and maintains reserves for follow-on growth investments in portfolio companies that reach commercial scale. This full-spectrum approach within venture is a deliberate strategy to support companies across multiple funding cycles.

### Which sectors does Open Water Investment focus on?

The firm concentrates on technology sectors with strong product-market fit in Korea and export potential. Enterprise software, fintech, digital health, and AI/ML applications represent core verticals. Climate technology is also within the firm's investment scope, aligning with growing Korean government and corporate decarbonization mandates that create downstream demand for portfolio companies.

### How does Open Water Investment differ from corporate venture arms of Korean chaebols?

Open Water's independence from Korea's large conglomerates allows it to operate without the strategic mandates that often constrain corporate venture arms. Chaebol-backed venture units frequently require portfolio companies to align with parent-company supply chains, technology roadmaps, or eventual acquisition paths. Open Water's external-manager structure enables it to optimize for financial returns and offer founders term sheets that do not embed strategic-control provisions.

### Does Open Water Investment participate in fund commitments or only direct deals?

Public record confirms the firm engages in direct venture investments. Whether Open Water allocates to external funds as a limited partner, or participates in fund-of-funds structures, has not been publicly disclosed. The firm's known strategy emphasizes direct equity positions rather than intermediary fund commitments.

## Related profiles

- [OpenView Venture Partners](https://altss.com/profile/openview-venture-partners)
- [Open Web Collective](https://altss.com/profile/open-web-collective)

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Last updated: 2026-06-03T20:00:00.000Z

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