Farquhar VC Backs South Korean Startup Catius in Pre-Series A Round

Singapore-based venture capital fund Farquhar VC (FVC) has announced its investment in Catius Inc., a South Korean AI-driven EdTech startup. This investment is part of Catius’s pre-Series A funding round, which Smilegate Investments and STIC Ventures co-led.

FVC’s involvement in Catius marks its second investment in a South Korean startup, following its earlier investment in Sicpama, a food and beverage retail-tech company. FVC’s participation in Catius has shown its interest in high-growth technology companies from the region.

Farquhar VC (FVC) has recently secured two key partnership agreements to support startup collaborations between South Korea, Singapore, and Southeast Asia. The firm has teamed up with the Goyang Investment Authority to facilitate the mutual advancement of startups between Goyang Special City and the broader Southeast Asia region. Additionally, FVC has partnered with Twin Ventures to support cross-border startup ventures between South Korea and other regions.

These strategic partnerships are expected to enhance FVC’s presence and impact in South Korea. The firm also explores potential fund collaborations with various Korean government and industry stakeholders. Furthermore, FVC’s innovation-advisory subsidiary will launch a joint accelerator program to help startups in southern South Korea expand globally.

Jason Su, Managing Partner and Chief Investment Officer at FVC, expressed gratitude for the opportunity to support startups in scaling beyond domestic markets. Su highlighted the importance of strong collaborations with partners in academia, commercialization, industry, and government, such as Hanyang University Holdings and Goyang Special City.

Founded in 2020, Farquhar VC (FVC) has built a diverse portfolio, investing in over 40 global startups. The firm supports these companies through targeted market access via its extensive network of mid-sized and large corporates. Recent investments by FVC include companies such as EMERGE Group and Aevice Health.

FVC plans to further its engagement in the South Korean market in the coming years. The firm will invest in high-growth Korean startups through its Green Future Fund, which will deploy capital in 2024 and 2025. 

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