[THE INVESTOR] Bon Angels Ventures Partners, a Korean venture capital firm, announced on Oct. 22 the launch of its third fund dedicated to early-stage startups.

With the launch of the fund worth 50 billion won, Bon Angels now has 100 billion won assets under management.

Bon Angels Pacemakers Fund 3 has raised its seed funds only from the private sector, including successful entrepreneurs and companies that hope to link up with promising startups. 

“We will expand our investments overseas such as in Southeast Asia while maintaining investments in Korea” Simon Seok-heun Kang, CEO and partner of Bon Angels, said. “We will continue to enhance our performance and awareness as an early stage VC throughout Asia.”

Founded in 2006, Bon Angels’ portfolio includes Woowa Brothers, operator of the country’s largest food delivery app Baedal Minjok, and StudyMax.

By Park Ga-young (gypark@heraldcorp.com)