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MATCHING FUND FUND INFO
Business Introduction
Purpose of Matching fund
- Establish better investment environment for angel investors and entrepreneurs
- Attract more angel investors and create decent angel investment ecosystem
- Provide more deal flow of seed money for early companies.
Matching Fund Outline
- General Partner: KVIC (Korean Venture investment. Inc)
- Supporting Partners: KBAN (National, University), Local angel investment institute
- Investment Method: New stock issue (common stock, (redeemable/convertible)Preferred stock.) sole proprietorship, Association, limited company is excluded from matching fund.
- Matching Ratio: 1 to 1 ratio (Angel investor to KVIC), some Local company can get 1:1.5 ratio
* Restart Company
Restart company means an entrepreneur who once failed start-up and restart the business with similar item. Only types of
businesses which are excluded by Korean start up Law Article 4 can be Restart Company
1. At the date of applying, the process of company bankruptcy has to be completed
2. The company or the founder must not have any financial fraud or Moral issues
3. Liability should be lower than three Billion won and applicant must not have status of credit delinquent
* Local Company
Headquarter of the company must located outside of Seoul and Gyungi
- Due Diligence: Identical to Angel investors
- Matching Fund Limitation
1) Entrepreneur : Maximum of 200 Million won at a time (Maximum two times, integrated limit : 300 million won)
2) Business Angel : Accredited Angel investor : Yearly 200 Million won, Angel Club & investment association: Yearly 2 Billion won, professional Angel Investor: yearly 1 Billion won, Business angel corporation: 1 Billion won.
Matching Fund Process
Step1
RBA
※ We define Business Angel who lead matching fund as RBA Representative Business Angel
1. RBA can apply matching fund with “Apply Matching Fund”
2. Search the company you want to invest with business license number.
3. If you are individual member, you can choose from individual/angel club, investment association.
4. RBA enters the other investor’s name and ID who follow RBA’s investment.
5. Push "Apply" button and enter the other information.
Step2
The Invested company
※ The Invested company enter the company information
1. The company starts by pushing “apply matching fund” button.
2. After the company enters all the necessary information, Push “Company Apply” button
Step3
Angel investors
※ All the following investors also confirm the information that RBA entered.
1. Following investors push the button “Matching fund application status”
2. Check all the entered information is correct.
3. If all the information is confirmed, push the button “confirmed”
Step4
RBA
Club Chairman
※ RBA or Club Chairman submit final version of application.
※ ※ Application cannot be edited after RBA submit final application.”
- If applying by erson/personal investment association, The apply should be made by the representative angel.
- Applying by institute, The apply should be made by the person in charge from the institute.
- Applying by club, The apply should be made by the leader of the club.
Step5
Angel investors
The Invested company
※ Business Angel and invested company must apply before dead line.
- We don’t return submitted documents
- Do not include SSN or any Full identification number
- Address : 3F, Haesung BD., 747-2 bunji, Yeoksam-dong, Gangnam-Gu, Seoul, Korea.
- Phone : 02-3440-7400
Fund Management Process
