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Global VCs, Including a16z Crypto and Mangusta Capital, Expand Operations in South Korea

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Global venture capital firms are increasingly focusing on South Korea as a key investment hub amid challenges in Asia. Andreessen Horowitz (a16z) Crypto opened a Seoul office and appointed Park Sung-mo as head of Asia-Pacific operations, citing South Korea's position as the world's second-largest cryptocurrency market.

Mangusta Capital, founded by Kevin Jiang, is recruiting a Korea-focused investment manager to build relationships within the local tech startup ecosystem, emphasizing vertical AI and consumer tech. The South Korean government is facilitating capital inflows through a global fund, which mandates investments of at least $30 million in local startups.

Third Prime Capital, a fund manager, has invested 17 billion Korean won in Bon, a defense tech startup. Experts note that continued global interest hinges on successful outcomes from South Korean startups.

Global VCs, Including a16z Crypto and Mangusta Capital, Expand Operations in South Korea
Jan 12, 2026, 9:11 AM

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