About Devsisters Ventures
Devsisters Ventures is a venture capital firm founded in 2015. It is primarily based out of Seoul, South Korea. As of Jul 2026, Devsisters Ventures is an active investor, having invested in 86 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in South Korea based startups. Its investments are spread across a wide range of sectors from Life Sciences to Enterprise Applications and HealthTech. Most recently it participated in the $***** Seed round of Red Brick House Overall, Devsisters Ventures portfolio has seen 7 IPOs and 3 acquisitions including key companies like Pearl Abyss, NAU Robotics and Speclipse. A lot of funds co-invest with Devsisters Ventures, with names like HB Investment sharing a substantial percentage of its portfolio. Devsisters Ventures has team of 6 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 2 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Devsisters Ventures' List of Top Investments
Devsisters Ventures has a portfolio of 86 companies. Their most notable investments are in Soomgo and OncoSoft.Their portfolio spans across South Korea, United States and France. They have invested in Life Sciences, Enterprise Applications, HealthTech and 17 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by Devsisters Ventures:
1. Soomgo
Online lead generation platform for local services. It allows users to request for services across various categories such as home cleaning, home maintenance, handyman work, fitness trainers, tutors, and more on the platform. The company circulates such a request to relevant local professionals who submit price quotations for the request. It allows users to compare the quotes and choose a service provider that meets the requirements.
Key facts about Soomgo
- Founded Year: 2014
- Location: Seoul (South Korea)
- Stage: Series C
- Total Funding till date: $46.5M
- Employee Count: 108 as on May 31, 2026
- Investors: FJ Labs, 122 West Ventures and 17 Others
- Latest Funding Round: Series C, Jun 14, 2021, $*****
- Highlight: Editors' Pick
2. Pearl Abyss
Pearl Abyss is a South Korean video game developer focusing on MMORPG games. It has developed multiple games including "Black Desert Online" which is a sandbox fantasy MMORPG for the PC platform. The game is offered in Korea through a freemium model and they have tied up with Daum Games for publishing the game in North America and Europe through the one-time purchase model.
Key facts about Pearl Abyss
- Founded Year: 2010
- Location: Seoul (South Korea)
- Stage: Public
- Employee Count: 326 as on Jul 31, 2026
- Investors: SKS Private Equity, Kolon Investments and 14 Others
- Highlight: Public
3. ProtoPie
Protopie is a code free prototyping tool for digital products. It allows for building interactive prototypes without any coding. Features include multi finger gestures, sensors for explaining design concepts with visual material, mask objects for material design, and test design solutions. The application offered by the company is available for iOS, Android, Mac, Windows, and IoT devices. Roblox, Deezer, Spotify, Samsung, Rakuten, Daimler, Vivo are some of its clients.
Key facts about ProtoPie
- Founded Year: 2014
- Location: Seoul (South Korea)
- Stage: Series B
- Total Funding till date: $39.8M
- Employee Count: 88 as on Jul 31, 2026
- Investors: Samsung Venture Investment, Shinhan Financial Group and 21 Others
- Latest Funding Round: Series B, Jan 22, 2025, $*****
- Highlight: Editors' Pick
4. flex
Cloud-based platform for an HR management solution for enterprises. It offers tools for managing payroll, attendance & contract management. It provides tools for employee recognition & feedback. It is available on a subscription-based pricing model.
Key facts about flex
- Founded Year: 2018
- Location: Seoul (South Korea)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $49.3M
- Employee Count: 224 as on Jul 31, 2026
- Investors: DST Global, Greenoaks and 3 Others
- Latest Funding Round: Series B, Jun 11, 2025, $*****
- Highlight: Editors' Pick
5. XL Games
XL Games is a developer of casual games and MMORPG games. It has developed multiple games including "ArcheAge" - an MMORPG for PC devices. It has also released RPG game "Braves". Has developed other games including "Civilization of Sid Meier" (an online MMO game), "Aki Eiji" (an MMORPG game), and "AkiVill" (a farm game).
Key facts about XL Games
- Founded Year: 2003
- Location: Seongnam-si (South Korea)
- Annual Revenue: $50M - $100M as on Dec 31, 2023
- Stage: Funding Raised
- Employee Count: 62 as on Jul 31, 2026
- Investors: Kolon Investments, Smile Gate Investment and 9 Others
Devsisters Ventures' Year-on-Year Investment Trends
Devsisters Ventures has invested in 86 companies over the last 9 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in Red Brick House and most recent follow-on round was in BEYOND HONEYCOMB.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 0 | 1 | 1 |
2024 | 2 | 0 | 2 |
2023 | 4 | 0 | 4 |
2022 | 4 | 1 | 5 |
2021 | 0 | 0 | 0 |
2020 | 4 | 0 | 4 |
2019 | 1 | 1 | 2 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Devsisters Ventures' Investments by Stage
Devsisters Ventures has made 10 investments in Series A stage with an average round size of $5.32M, 4 investments in Seed stage with an average round size of $1.64M, 4 investments in Series B stage with an average round size of $11M and 1 investment in Series C stage with an average round size of $15.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 10 |
Seed | 4 |
Series B | 4 |
Series C | 1 |
Note: We have considered here, only first round of investments
Devsisters Ventures' Investments by Sector
Devsisters Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, HealthTech and Food and Agriculture Tech. Notably, it has invested in 65 Tech companies, 41 Enterprise (B2B) companies, 32 Software companies and at least 29 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
High Tech | 5 |
Consumer | 4 |
HealthTech | 4 |
Food and Agriculture Tech | 3 |
Others | 15 |
Note: We have considered here, only first round of investments
Devsisters Ventures' Investments by Geography
Devsisters Ventures has made most investments in South Korea (18), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
South Korea | 18 |
United States | 1 |
Note: We have considered here, only first round of investments
Devsisters Ventures' recent investments
Devsisters Ventures has made 2 investments in 2026 so far - Red Brick House and Deeply.Here are the most recent investments by Devsisters Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 21, 2026 | South Korea | Seed | 1167 | [+3] | |
Jun 15, 2026 | South Korea | Seed | 1058 | ||
Jul 09, 2025 | South Korea | Series A | 7809 | [+3] | |
Sep 23, 2024 | South Korea | Series B | 4418 | [+3] | |
Feb 21, 2024 | United States | Seed | 4770 |
IPOs and Publicly Listed companies in Devsisters Ventures' Portfolio
7 of Devsisters Ventures' portfolio companies have become public. Nearthlab got listed on the Korea Exchange (KRX), in Aug 2026 at marketcap of $172M and NAU Robotics got listed on the Korea Exchange (KRX) at marketcap of $60.7M.Here are Devsisters Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 24, 2026 | - | - | 3757 | |
May 08, 2025 | Apr 05, 2023 | Series A | 6467 | |
Jan 23, 2025 | Feb 09, 2017 | Series A | 5410 | |
Dec 26, 2024 | - | - | 7289 | |
Feb 07, 2023 | - | - | 2365 |
Acquired companies in Devsisters Ventures' Portfolio
3 companies from Devsisters Ventures' portfolio have been acquired. The most recent acquisition was Dreamotion in Jun 2021 by Krafton for $*****.Here are Devsisters Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2021 | - | - | 2777 | |
May 24, 2021 | - | - | 8667 | |
Nov 05, 2019 | - | - | 9583 |
Team profile of Devsisters Ventures
Devsisters Ventures has a team of 6 members including 3 Partners located in South Korea. Devsisters Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Devsisters Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | South Korea | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of Devsisters Ventures
Over the past 9 years, 95 investors have co-invested in Devsisters Ventures's portfolio companies. This includes funds and angels.
- Invested before Devsisters Ventures: Korea Investment Holdings, Y Combinator and 13 others have invested in rounds before Devsisters Ventures. There are 2 companies where Korea Investment Holdings has invested before Devsisters Ventures and 1 company where Y Combinator has invested before Devsisters Ventures.
- Top Co-investors of Devsisters Ventures: 57 investors entered a company along with Devsisters Ventures. These include investors like HB Investment (3 companies).
- Invested after Devsisters Ventures: A total of 23 investors have invested in Devsisters Ventures's portfolio after their investments. Top Investors include Korean Development Bank (2 companies), TBT (1 company) and Atinum Investment (1 company).
Recent News related to Devsisters Ventures
•
CameraMatics, supported by SETU Xcelerate, raises €49m in fundingVenture Square•Jun 15, 2026•Devsisters Ventures, Deeply
•
Oncosoft Attracts 11 Billion Won in Series B InvestmentSedaily•Sep 23, 2024•OncoSoft, BNH INVESTMENT, HB Investments, Devsisters Ventures and 2 others
•
Mashup Ventures Invests in AI Startup Sorcerix, Paving the Way for Ambient Computing TechnologyNewsdirectory3•Feb 22, 2024•, Sorcerics, Mashup Ventures, Devsisters Ventures and 1 other
•
•
Sky Labs Raises KRW 20.7 Billion in Series C FundingFinSMEs•Oct 17, 2023•Sky Labs, Korea Development Bank Europe, K2 Investment Partners, Devsisters Ventures and 5 others
•
Medical metaverse platform Newbase draws ₩4 billion Series AKBR•Jun 02, 2022•NewBase, BNH INVESTMENT, Devsisters Ventures, Time Polio Asset Management and 1 other
•
Ex-Googler’s prototyping startup raises $8m in series A moneyTech in Asia•May 26, 2022•ProtoPie, LB Investment, HB Investments, Devsisters Ventures and 2 others
•
S-Alpha Therapeutics, Inc., Digital Therapeutics Start-up Raises $8.7 Million in Series A FundingBusiness Wire•Aug 09, 2021•S-Alpha Therapeutics, Hana Ventures, STIC Ventures, Aju IB Investment and 6 others
•
Korea e-sports player DRX secures $22.5mAsian Venture Capital Journal•Jul 17, 2020•DRX, Seoul Investment Partners, Quantum Ventures Korea, Shinhan Financial Group and 2 others
•
LCK Team DRX Closes $10M Series A InvestmentEsports Observer•Jul 16, 2020•Devsisters Ventures, Wonik, Shinhan Financial Group, Korea Investment Partners
