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Capstone Partners

SeoulCAPSTONE-PARTNERS
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Dossier Summary

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Classification
Slugcapstone-partners
HQSeoul
Stage FocusPrimarily invests in Seed round in South Korea based star…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Song Eun-kang has built a solid reputation as Korea's 'guardian angel' for early-stage companies, with legendary wins like 20x returns on Danggeun Market (Karrot) - they got in below 10 billion won valuation and it's now worth 3 trillion won. The fund punches above its 200 billion won (~$168M) AUM with 3 unicorns in portfolio including FADU, Kurly, and Sendbird. Song focuses heavily on execution ability and team collaboration over flashy pitches, which explains their early bets on overlooked winners. However, their social media presence is nearly nonexistent and they're very Korea-focused - don't expect much hand-holding on global expansion or Silicon Valley-style brand building.

KEY TAKEAWAYS
  • Best for: Early-stage Korean startups needing patient capital and execution-focused guidance
  • Watch out for: Limited global network and minimal post-investment PR/branding support
  • Known for: 20x returns on Danggeun Market and 'guardian angel' reputation in Korean ecosystem
Investment Thesis

Capstone Partners seeks to invest in entrepreneurs with fresh ideas and the desire and ability to make a difference in the world by providing partnerships to New Collar entrepreneurs with vision, initiative, and capacity to innovate the world. Their 'new-collar' entrepreneur concept refers to someone who knows how to utilize cutting-edge technologies such as artificial intelligence, pursues change and is eager to collaborate.

Stage & Sector Focus

Primarily invests in Seed round in South Korea based startups with focus on artificial intelligence, information & communication technology services, web3, games, bio healthcare, and high-tech sectors. Top sectors in portfolio are High Tech (22 investments) and Enterprise Applications (25 investments) with investments spread across Gaming.

Notable Portfolio
KurlySendbirdFADUDanggeun Market/KarrotZigbangMyRealTripFriendliAIN.Light
Key Partners
Song Eun-kang (Eunkang Song)
CEO and Co-Founder

Has earned a 'guardian angel' reputation in the startup industry and considers Capstone Partners a 'micro VC,' which specializes in investing in early-stage companies. Holds education from Korea Advanced Institute of Science and Technology (1986-1988) with robust skill set including Mergers and Acquisitions, Corporate Law, Intellectual Property, Joint Ventures, Legal Research.

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