About QUAD
QUAD is a venture capital firm located in Seoul, South Korea. As of Aug 2026, QUAD is an active investor, having invested in 7 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in South Korea based startups. Its investments are spread across a wide range of sectors from Life Sciences to High Tech and Auto Tech. Most recently it participated in the $***** Series A round of GraphAI Overall, QUAD portfolio has seen 1 IPO, namely Ispxrf. A lot of funds co-invest with QUAD, with names like Hyundai-invest.com sharing a substantial percentage of its portfolio. QUAD has team of 3 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
QUAD's List of Top Investments
QUAD has a portfolio of 7 companies. Their most notable investmentis in WhereableTheir portfolio spans across and South Korea. They have invested in Life Sciences, High Tech, Auto Tech and 5 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by QUAD:
1. Pyler
Developer of AI video understanding tools for brand safety and targeting. The company provides solutions for advertisers seeking to improve ad performance and protect brand reputation. It offers tools to analyze video content, target specific audiences, and ensure ads appear in appropriate contexts. The company's technology helps to automate content moderation and increase transparency for advertisers and creators.
Key facts about Pyler
- Founded Year: 2021
- Location: Seoul (South Korea)
- Stage: Series A
- Total Funding till date: $7.86M
- Employee Count: 36 as on Jun 30, 2026
- Investors: Helios, QUAD and 3 Others
- Latest Funding Round: Series A, Jan 22, 2024, $*****
- Highlight: Editors' Pick
FLEXELL SPACE specializes in developing and manufacturing space solar cells to provide innovative products for customers. They work with global partners and investors to expand their innovative space solar technology. The company collaborates with organizations like Hanwha Systems to supply solar panels for observation satellites.
Key facts about Flexell Space
- Founded Year: 2023
- Location: Seongnam-si (South Korea)
- Stage: Series A
- Total Funding till date: $25M
- Investors: Hanwha, InterVest and 10 Others
- Latest Funding Round: Series A, Jul 13, 2026, $*****
3. GraphAI
Key facts about GraphAI
- Founded Year: 2022
- Location: Yuseong (South Korea)
- Stage: Series A
- Total Funding till date: $12M
- Employee Count: 13 as on Jun 30, 2026
- Investors: GU Equity Partners, Schmidt and 5 Others
- Latest Funding Round: Series A, Aug 13, 2026, $*****
4. Neogen TC
Developer of cell therapies for the treatment of cancer. The company focuses on developing immune T-cell therapy based on a new antigen discovery platform. The company has developed a pipeline for breast and lung cancer.
Key facts about Neogen TC
- Founded Year: 2020
- Location: Seoul (South Korea)
- Stage: Series A
- Total Funding till date: $13.3M
- Investors: Arche Investment, DSC Investment and 8 Others
- Latest Funding Round: Series A, Apr 06, 2021, $*****
5. Whereable
Developer of AI-powered autonomous driving technology for indoor mobility solutions. The company provides autonomous mobility solutions designed for large indoor spaces. Its technology includes physical AI-based autonomous driving and plug-and-play autonomous driving. The company's technology supports scalable autonomous driving, from single vehicles to fleets.
Key facts about Whereable
- Founded Year: 2024
- Location: Seoul (South Korea)
- Stage: Seed
- Total Funding till date: $1.32M
- Investors: Naver, NAVER D2 Startup Factory and 2 Others
- Latest Funding Round: Seed, Apr 17, 2026, $*****
QUAD's Year-on-Year Investment Trends
QUAD has invested in 7 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment, while as of Aug 2026, it has made 4 investments in this year. Its most recent first time investment was in Ispxrf and most recent follow-on round was in GraphAI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 2 | 4 |
2025 | 1 | 0 | 1 |
2024 | 2 | 0 | 2 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
QUAD's Investments by Stage
QUAD has made 3 investments in Seed stage with an average round size of $783K, 3 investments in Series A stage with an average round size of $13.7M and 1 investment in Series B stage with an average round size of $4.61M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 3 |
Series B | 1 |
Note: We have considered here, only first round of investments
QUAD's Investments by Sector
QUAD has a diverse portfolio, with companies operating in the Business Services, Enterprise Applications, Artificial Intelligence - Industry Applications, Auto Tech and Energy. Notably, it has invested in 4 Tech companies, 2 AI-Native companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Business Services | 2 |
Enterprise Applications | 2 |
Artificial Intelligence - Industry Applications | 1 |
Auto Tech | 1 |
Energy | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
QUAD's Investments by Geography
QUAD has made most investments in South Korea (7).QUAD's recent investments
QUAD has made 4 investments in 2026 so far. GraphAI and Ispxrf are the latest among them.Here are the most recent investments by QUAD:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 13, 2026 | South Korea | Series A | 3136 | ||
Aug 11, 2026 | South Korea | Series B | 4803 | [+1] | |
Jul 13, 2026 | South Korea | Series A | 9475 | [+9] | |
Apr 17, 2026 | South Korea | Seed | 9615 | [+1] | |
Feb 20, 2025 | South Korea | Seed | 3458 |
IPOs and Publicly Listed companies in QUAD's Portfolio
1 of QUAD's portfolio company became public - Ispxrf.Here are QUAD's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | Aug 11, 2026 | Series B | 7215 |
Team profile of QUAD
QUAD has a team of 3 members including 1 Partner and 1 Principal located in South Korea. QUAD's team does not sit on the board of any company as of now.Co-investors of QUAD
Over the past 5 years, 33 investors have co-invested in QUAD's portfolio companies. This includes only funds.
- Invested before QUAD: Europa has invested before QUAD.
- Top Co-investors of QUAD: 25 investors entered a company along with QUAD. These include investors like Hyundai-invest.com (1 company).
- Invested after QUAD: A total of 7 investors have invested in QUAD's portfolio after their investments. Top Investors include K2 Investment Partners (1 company), A Ventures (1 company) and GU Equity Partners (1 company).
Recent News related to QUAD
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Flexell Space Closes $20M Series A Funding RoundFinSMEs•Jul 20, 2026•Korea Investment Holdings, L&S Venture Capital, QUAD, Flexell Space and 4 others
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Hyeum Secures 10.5 Billion Won in Series B FundingKorea Economic Daily•Apr 08, 2025•Industrial Bank of Korea, QUAD, Kiwoom Securities, Kiwoom Investment
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APRO Semicon Attracts 30 Billion Won Series B InvestmentEtnews•Nov 28, 2024•Korean Development Bank, Aprosemicon, Korea Asset Investment Securities, KBD Capital and 3 others
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Indian K-beauty commerce 'Macaron' operator Blimongi attracts 12.5 billion won in Series B investmentWowtale•Aug 07, 2024•Vely Monkeys, Laguna Investment, QUAD, Company K Partners and 1 other
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PYLER Secures 10.5 Billion KRW Series A for AI Video Ad Solutions, Aiming for Brand Safety LeadershipWowtale•Jan 22, 2024•Pyler, Hyundai-invest.com, QUAD, and 4 others
