IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
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South Korean VC firm, Daesung Private Equity, plans on writing a virtual reality cheque with its new Metaverse Scale-Up Fund. The new $83.5 million fund is the firm’s biggest yet as it plans to power up its portfolio and gain a first mover advantage. Digital investment is a big trend in Asia, with Deloitte estimating it could boost Asia’s annual GDP by $1.4 trillion by 2035. Some GPs are still working out how to explore their adventures in Meta-land. Now, with the backing of the Korea Venture Investment Corporation – via it’s Korea fund-of-fund vehicle – it would seem Daesung are hoping to become the Masters of the Metaverse.
