Re:Ventures

Rebellion, an AI semiconductor fabless company that merged with Sapeon Korea in 2024 to become Korea's first AI-chip unicorn with a combined valuation of roughly KRW 1.3 trillion (per the firm's website). Re:Ventures was an early backer before Rebellion's KRW 165 billion Series B attracted strategic investors including KT Group, Pavilion Capital, and Aramco's Wa'ed Ventures.

The firm serves as an operator for South Korea's TIPS (Tech Incubator Program for Startup) deep-tech initiative, which funnels government R&D grants to qualifying startups. Re:Ventures screens TIPS applicants and has designated companies like Paiptree and Connecteve for the program, creating a proprietary early-stage deal funnel alongside its privately raised fund vehicles.

The firm describes investing across early-stage, seed, start-up, and growth stages, deploying into more than 20 companies per year. Its portfolio includes seed-stage agritech startups alongside growth-stage AI semiconductor companies, indicating a strategy that begins at the earliest stage and follows on selectively into later rounds.

The portfolio divides roughly across AI and deep tech (Rebellion, Connecteve), enterprise SaaS (Whatap Labs), digital health and medical devices (Connecteve, DoctorNow), agri-food tech (Paiptree, MyNormal), and consumer platforms (Charan, Beaubble, Lerici). The firm's website does not list explicit sector exclusions.

Yes. The firm's website states it has raised funds backed by South Korea's Fund of Funds (mother fund) and manages a combined pool exceeding KRW 100 billion. As a TIPS operator, it also channels government R&D grants — the TIPS program awarded Paiptree KRW 500 million in 2023 — but these grants flow to portfolio companies rather than into Re:Ventures' fund vehicles.

Re:Ventures was an early investor in Rebellion, the AI chipmaker that later raised KRW 165 billion in a Series B round, secured a strategic partnership with PEGATRON, and merged with Sapeon Korea. Rebellion's ascent to a reported unicorn valuation in 2024 has made it the accelerator's signature deal and the primary driver of the firm's public track record.

The firm has not disclosed its LP base in detail beyond references to state-backed programs (the Korean Fund of Funds) and private capital. There is no public record of a single-family wealth source or named founding principal; the firm operates as an independent accelerator and venture investor rather than a single family office.