In March, SPARK Biopharma was listed as the top 10 companies that attracted investment from KFoF(Korea Fund of Funds). KFoF invested $6.8M (KRW 8.5B) out of the total $20M (KRW 25B) we attracted investment in Series C.

For your information, KFoF is a government-backed fund of funds that invests in venture capital (VC) funds managed by private VC firms. Investors or limited partners (LPs) in KFoF are mainly government agencies that have committed capital to the fund for venture investments catering to their policy needs.

You can check here(only Korean is supported) : https://kvicnewsletter.co.kr/page/view.php?category=13&idx=392