Former Coupang CEO Kim Woo-sik Founds New VC Firm Octagon Ventures
Summary
Kim Woo-sik, former Coupang executive and ex-Logisvalley CEO, founded a new venture capital firm called Octagon Venture Partners and serves as its largest shareholder. The firm has obtained a VC license, seeded the business with 2 billion KRW in capital, and has been actively investing from its proprietary account. Octagon has already invested in seven early-stage companies across AI, fintech, web3, software infrastructure, and agri-tech, and has hired former Apple manager Na Gi-moon as an investment partner. The firm is currently fundraising to launch its first institutional fund early next year, targeting Series A and earlier stage investments across most sectors except biotech.
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