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[Press Release] Dunamu and Dunamu & Partners invests $46 Million into 26 Blockchain-related Startups

- Dunamu and investment subsidiary Dunamu & Partners invested in 26 companies during the past year
- Investments focused on growing and further fostering blockchain and fintech ecosystems

[Seoul, South Korea – May 15, 2019] Dunamu Inc. (CEO Sirgoo Lee), operator of global crypto-asset exchange Upbit, announced today that the company has invested more than KRW 55 billion (approximately USD 46 million) since announcing a three-year plan to invest a total of KRW 100 billion (approximately USD 84 million) into the blockchain industry in March 2018.

Primarily carried out through its investment subsidiary Dunamu & Partners (CEO Ryan Lee), also founded in March 2018, the portfolio includes strategic investments into companies developing core blockchain technology and services, services with strong blockchain application potential, and emerging technology in blockchain-adjacent fields such as fintech and games.

Initial portfolio includes Terra, a next generation payment network based on price-stable cryptocurrency; Rainist, which manages over KRW 87 trillion in customers’ financial data via its Bank Salad personal financial management platform; and Dalcom Soft, best known for their global Superstar rhythm game series. Others include P2P lending platform Honest Fund, online OTA service Tide Square, blockchain-based global investment platform Finhaven, and MCN company Sandbox Network.

“Our goal is to contribute to the healthy growth of the blockchain ecosystem by actively investing in startups with world class technology and services with potential for real-life implementation,” said Ryan Lee, CEO of Dunamu and Partners. “Dunamu and Dunamu & Partners’ strategy of identifying and investing in innovative tech and finance startups, regardless of size, stage, and region, will continue in 2019.”

Dunamu & Partners also highlighted three investment micro-trends the company plans to focus on in 2019 - Mainstream adaptation of blockchain-based services, emergence of mobile fintech services due to evolving financial regulations, and personal branding business opportunities centered around individual content creators.

In April 2018, the company also partnered with game developer Neptune to set up a KRW 100 billion investment fund dedicated to blockchain-based games.