Investors in North Korea
North Korea hosts one of East Asia's most active investor communities, with 58 verified firms and funds currently tracked on CapLink.
The mix is led by VC, PE/Buy-Out and Family Office, alongside 3 other investor types. Deal coverage spans Pre-Seed through PE/Buy-out, with the largest concentration at Seed.
Top sector themes include Consumer, AI, Hardware, Cloud/SaaS and Climate. Ticket sizes range from roughly $50K to $700M, covering everything from early angel cheques to growth-stage rounds.
Use the pre-filtered database below to explore every North Korea investor on CapLink, or sign up to unlock contact details, ticket sizes and detailed investment criteria.
Ecosystem Overview
North Korea does not have a conventional venture capital or startup ecosystem in any recognized sense, as the country operates under a centrally planned economy with strict state control over all economic activity. Private entrepreneurship, foreign investment, and independent business formation are severely restricted or prohibited under the existing political and legal framework. Informal market activity (known as 'jangmadang') has grown since the 1990s famines, representing a rudimentary form of private commerce, but this operates in a legal gray zone and is not supported by institutional capital. International sanctions further isolate the country from global financial systems, making formal VC activity virtually nonexistent. Any technology development is state-directed, primarily focused on military, cybersecurity, and propaganda applications.
North Korea investor database
58 investors matched for North Korea. Sign up to unlock contact details and full profiles.
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![]() True North traces its origins back to 1999, when it was originally named India Value Fund. The company was founded with a view towards investing in mid-sized, profitable, India-centric businesses, and then transforming them into world-class industry leaders that is built upon the foundation of strong values.Deep knowledge and understanding of Indian markets has led True North to successfully launch five independent investment funds, with a combined corpus of ~US$ 2 billion. These funds have been raised from over 35 high quality international institutions with a combined investable capital base of over US$ 1 trillion. Currently, True North is investing out of Fund V, which has a corpus of US$ 700 million. |
![]() The North West Fund is a venture capital and private equity arm of North West Business Finance Limited specializing in debt finance, equity finance, mezzanine finance, direct, and fund of fund investments. Within direct investments, it seeks to invest in start up and early stage, emerging growth, and mid venture small and medium companies. The firm primarily invests in energy and environmental, biomedical, the digital and creative sector, software development; social networking tools and e-commerce; design to advance digital hardware innovation; advertising and marketing communication companies; electronic publishing; computer games developers; and broader information and communication technology. It primarily invests in the North West of United Kingdom. The firm provides debt and equity funding between $0.05 million and $3.26 million. The North West Fund was founded in December 2010 and is based in Warrington, United Kingdom. |
![]() We invest in pre-seed and seed. Our primary focus is B2B software. Generally we avoid consumer, hardware and capital intensive startups. We usually invest post-product and expect you have a few customers.
For 2024 we're focused on US companies, ideally in California.
We do not invest outside the US or Canada. |
![]() 39 North Capital is a private investment firm that serves as a partner to owner-operated businesses. |
![]() Great North Labs (GreatNorthLabs.com) is an early-stage tech venture fund focused on investing in the under-capitalized opportunities of the upper Midwest. Our management is based in Minnesota and Silicon Valley, and has decades of operator experience including M&A and Fortune 100 companies. We have a strict diligence process that prioritizes product-market fit, and we believe that, combined with the opportunities in the upper Midwest ecosystem, there is an opportunity for tech investments that will both reward investors and establish the upper Midwest as an innovation hub.
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![]() North Base Media is a boutique investment firm founded by deeply experienced journalists and media investors who are committed to building high-quality media serving communities and consumers around the world. The firm focuses on the rapid evolution of media from print and broadcast to digital and mobile, creating new opportunities to reach audiences and serve customers in new ways. |
![]() The North Bay Angels is a venture capital firm specializing in seed and early stage investments. The firm seeks to invest in the communication, healthcare and biotech, energy, cleantech, information technology, web-based businesses, business services, communications technology, telecommunications, software, Internet, optics, medical, medical devices and services, and other technical sectors. It may also consider investment opportunities in real estate development, manufacturing, retail, and food and wine projects. The firm seeks to invest in companies based in the North Bay area. It seeks to invest in companies located on the west coast with a preference for Northern and Central California and nearby Nevada. It firm typically makes investments between $0.25 million and $1 million in its portfolio companies. It seeks to invest in companies that can achieve $20MM plus revenue in 5 years. The firm seeks to take a Board seat in its portfolio companies. The North Bay Angels was founded in 1998 and is based in Healdsburg, California. |
![]() North Invest Ltd is a venture capital firm specializing in series A, seed and startups investment. It seeks to invest in technology sector. The firm seeks to invest in the North of England within any of the elven areas such as Warrington, Cumbria, Greater Manchester, Hull & Humber City Region, Lancashire, Leeds City Region, Liverpool City Region, Northeast, Sheffield City Region, Tees Valley, York, North Yorkshire and East Riding. The firm seeks to invest between £0.005 million ($0.0054 million) and £1 million ($1.09 million) via angel investment; £0.5 million ($0.054 million) and £2 million ($2.17 million) via startups in equity investment per transaction. The firm prefers to invest in women code. North Invest Ltd was founded in 2017 and is based in Leeds, United Kingdom. |
40 North Ventures is an early-to-growth stage venture capital firm focused on technology investments in the industrial sector. Founded by Standard Industries Co-CEOs David Millstone and David Winter, and led by Co-Managing Directors Marc van den Berg and Marianne Wu, the firm provides early-stage and growth capital to companies that make business more data-driven, agile, consumer-centric, and environmentally sustainable. 40 North Ventures targets a spectrum of established industries, including manufacturing, logistics, mobility, energy, infrastructure, and construction.
As part of 40 North, a related investment platform of Standard Industries, 40 North Ventures offers its portfolio companies access to capital, networks, and commercial opportunities to accelerate growth and achieve long-term success. Through Standard Industries, 40 North Ventures has access to leading global operators and various pools of capital to help portfolio companies expand their impact. |
![]() 42 North Partners is a single-family office based in Grand Rapids, Michigan, focused on middle- and lower-middle-market private equity fund investing, co-investing, and supporting the entrepreneurial ecosystem. |
North Sky Capital, LLC is a private equity and venture capital firm specializing in direct and fund of funds investments. For direct investments, the firm seeks to invest in early venture, mid venture, late venture, later stage, leveraged buyouts, mature, growth equity, and emerging growth in middle market. For fund of funds, it makes secondary investments in private equity, energy funds, infrastructure funds, special situation funds, and venture capital funds. It seeks to make direct investments as co-investments in cleantech, clean energy infrastructure, technology, healthcare, water, energy generation and storage, recycling, transportation, construction, agricultural, real estate, pollution control, organic foods, education, healthy living, sustainable consumer goods and lighting sectors. In clean tech private equity fund of funds investments, the firm seeks to invest in late stage and growth equity focus funds specializing in investing in renewable energy, water, transportation, efficiency, agriculture and aquaculture, building materials, re-cycling, and waste-to-energy sectors. In cleantech infrastructure fund of funds investments, it prefers to invest in funds specializing in investments in renewable energy power systems and transmission lines. For buyout fund of funds investments, the firm seeks to invest in small and mid size funds specializing in investments in industrial, business services, healthcare, technology, energy, consumer, and retail. For venture fund of funds investments, it prefers to invest in late stage funds specializing in investments in technology, healthcare, cleanteach, consumer, and retail. For direct investments and fund of fund investments, the firm seeks to invest globally with a particular focus on North America, Asia and Western Europe . The firm prefers to take a majority stake. North Sky Capital, LLC was founded in 2000 and is based in Wayzata, Minnesota with additional offices in Boston, Massachusetts and Seattle, Washington. |
![]() New North Ventures is a defense tech venture capital firm composed of former company operators and government professionals. They invest at the intersection of national security and economic resilience, supporting founders building dual-use technologies in AI, deep tech, and security. |
![]() North-East Venture is a Danish family office established in 2013 by the founders of the global jewelry brand, Pandora. The office is led by CEO Lasse Dehn-Baltzer and focuses on assisting families in preserving their material and ethical values for the benefit of future generations. Their services include asset management, private equity, and venture capital investments. |
North Block Capital is a London based investment bank for the digital token capital markets that delivers advisory, capital markets, and asset management services.North Block CapitalBlockchain Asset ManagementNorth Block Capital is a pioneer and the premier asset management firm investing in Blockchain enabled technology. We are Professional Investors and Entrepreneurs driving Innovation based on Blockchain Technology. |
![]() North Haven Capital is a multi-family office backed private investment group focused on strategic buyouts and growth equity investments in lower middle market businesses across the Northeast US. |
![]() Great North Ventures is an early-stage venture capital firm based in Minneapolis, Minnesota, specializing in investing in capital-efficient tech startups. Founded in 2017, the firm focuses on providing capital, connections, and operational guidance to entrepreneurs leveraging breakthrough technologies to innovate industries dominated by inefficient processes. Their investment strategy centers on three key themes: Digital Transformation Through AI, Solving Labor Problems, and Community-Driven Applications.
The firm has raised two funds since its inception, with the second fund, Fund II, closing at $40 million in May 2022. This fund continues the firm's success in investing in startups from Seed to Series A stages, with a particular emphasis on the Upper Midwest region, though they are guided by opportunity rather than geography. The team comprises experienced operators and allocators, including co-founders Robert and Ryan Weber, who bring decades of successful execution to navigate networks and implement investment intelligence.
Great North Ventures has a diverse portfolio of companies across various sectors, demonstrating their commitment to fostering innovation and growth in the tech industry. |
![]() Founded in 2014, North Branch Capital is a lower middle market private equity firm, based in Oak Brook, IL, with a long history of investing alongside and partnering with management teams in industrial businesses.We specifically target businesses that lead with engineering excellence or value-added services in order to solve complex customer problems. We seek partnerships with strong leadership teams driving tremendous cultures, and we are much more than a source of capital or liquidity. With 50 years of collective operating experience, our collaboration with management teams is unique. This experience comes from the Partners of North Branch, not a network of executives or consultants. Follow us on Twitter: @northbranchcapTARGETED INDUSTRIESValue Added Distribution: Business to business with moderate average order size. Complimentary services or engineering component Niche Manufacturing: Non-commodity, highly engineered products. Low capital expenditure requirementsIndustrial Services: Unique service offering generating consistent, repeatable revenueINVESTMENT CRITERIARevenue: $10 million to $75 millionEBITDA: $2 million to $8 millionGeography: United States and Canada for platform investments. Globally for add-ons |
North Coast Ventures is a venture capital firm specializing in pre-seed, startup, and early stage investments. It seeks to invest in technology with a focus on life sciences, advanced materials, business-to-business, SaaS electronics and controls, surveillance, electric component, heavy electric equipment, pharmaceuticals, analyzing, information technology. The firm typically invests in companies based in Ohio with a focus on Northeast Ohio. It seeks to invest between $0.25 million and $0.3 million in its portfolio companies with $0.2 million held in reserve for possible follow-on investment. The firm also participates in follow-on financings. It typically invests in the form of preferred equity securities, convertible preferred securities, however, other forms of equity or convertible debt will be considered. The firm can also partner with other angel funds and or venture capital investment groups where companies need support of $1 million or more. It prefers to take a board seat. North Coast Ventures was founded in 2006 and is based in Mayfield Heights, Ohio. |
![]() North Castle Partners is the leading small cap consumer private equity firm focused in the Healthy, Active, and Sustainable Living sectors.Our mission is to partner with entrepreneurs to build great companies that advance Healthy, Active, and Sustainable Living, while living by our core values and striving to create extraordinary value for these companies, their employees, investors, communities and the North Castle team.North Castle is a hands-on, value-added investor. We strive to create equity value by accelerating operating performance and profitable growth. We work collaboratively with entrepreneurs, founders and leadership teams to solve complex business problems by combining their experience and resources with our knowledge, network and real-world experience |
![]() North Island Ventures (NIV) is a crypto-focused investment firm established in 2020, dedicated to supporting innovation in the cryptocurrency and blockchain sectors. With over $300 million in assets under management, NIV has invested in more than 30 companies and protocols worldwide, including notable names like Axelar, Dapper Labs, ImmuneFi, and Flow.
The firm's guiding principle is that crypto is the next great enabling technology, aiming to create an invisible, interoperable network of networks for the secure exchange of value across boundaries. |
![]() True North Equity (TNE) is a private equity firm located in Plymouth, MI. Our current investment focus is in acquiring U.S. based companies that perform outsourced services in support of natural gas and electric utilities. Targeted EBITDA levels range from $5M-$20M, although both smaller and larger opportunities may be considered on a case-by-case basis. TNE provides funding for acquisitions through a partnership with CIVC Partners, a Chicago-based private equity firm with $1.3 billion under management. |
![]() Since its founding in 1954, Korea Development Bank has been the backbone of the development of the economy and the financial industry in Korea. In an era of continuing challenge and rapid change, KDB is now transforming its traditional role as Korea’s leading policy finance institution to create an ecosystem for innovative industries, and support the 4th Industrial Revolution. |
![]() Value Invest Korea Inc. is a private equity and venture capital firm specializing in growth capital, buyout, mezzanine, and special situations. For growth capital investments, the firm typically invests in pre-IPO stages. For buyouts, it considers mergers and acquisitions through restructuring. The firm also makes secondary investments. For venture capital investments, it prefers to invest in start-ups. The firm focuses on information technology and communication; media and contents; materials and components; biotechnology and life science; infrastructure; renewable energy industries. It considers investments in small and mid-sized enterprises in South Korea. The firm typically exits through block deals. It also engages in project financing and consultancy services. Value Invest Korea Inc. was founded in 2011 and is based in Seoul, South Korea with additional offices in Busan, South Korea; Gwangju, South Korea; Jeju, South Korea; Daegu, South Korea; Jeonju, South Korea; Ulsan, South Korea; Hong Kong; and Vietnam. |
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