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AFW Partners is a Seoul, South Korea-based global venture capital firm that provides capital and strategic partnerships to early and growth-stage companies from pre-seed to Series B rounds. The firm allocates investments across a diverse range of high-growth sectors, emphasizing artificial intelligence, biotechnology, healthcare, consumer technology, cybersecurity, and advanced mobility innovation. Within its mobility and hardware thesis, the firm targets developers of electric engines, robotics, aerospace technologies, and semiconductors. AFW Partners currently manages over 334 billion KRW in committed capital and has deployed funding into a portfolio of more than 44 active companies. The firm frequently collaborates with major institutional players, recently co-leading an oversubscribed $693 million Series D funding round for AI chipmaker Tenstorrent alongside Samsung Securities. The organization was founded in 2021 and is currently led by Chief Executive Officer Sun-Yup Lee and Managing Director Bonil Koo.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2024 | Tenstorrent | $690.0M Series D | AFW Partners | 11, E1 Ventures, K2 Global, Maven Ventures, Social Capital, Tribe Capital, Adeel Hussain, Bill Gates, Mattia Astori, Mo El-Bibany, Siddharth Singhal |
| Nov 15, 2023 | Element Energy | $111.0M Debt / Series B | Cohort Ventures | Juliana Pidner Hsu, Edison International, Mark Norman, Ethan Goldsmith, LG Technology Ventures, Shin Gomi, Prelude Ventures, Radar Partners |