Multiplicity of Perspectives
LG held a two-day venture networking event in Silicon Valley starting on June 26, which involved global startups and venture capitals, to secure future growth engines by expanding the startup innovation ecosystem.
This event was the first hosted by LG Technology Ventures, LG’s corporate venture capital arm. It was attended by over 240 key personnel including the CEOs of around 140 companies, such as LG Electronics, LG Chem, LG Energy Solution, LG Display, LG Innotek, LG Uplus, LG CNS, and LG Science Park, as well as startups that these companies have invested in or are considering investing in, and global venture capital firms.
Established in Silicon Valley in May 2018, LG Technology Ventures was created to discover global startups that possess innovative technologies that could create synergy with LG’s main businesses or become future growth engines. It operates a fund with money from seven major LG affiliates including LG Electronics, LG Chem, LG Energy Solution, LG Display, LG Innotek, LG Uplus, and LG CNS. Over the past five years, it has invested approximately 400 billion won in over 60 global startups and venture capital firms in the United States, Canada, Israel, Singapore, China, and Korea.
The event was held to inform of LG’s investment performance over the past five years, LG’s venture investment strategy, and to provide startups with opportunities to attract investments and exchange cooperation.