The Korea Social Value Solidarity Foundation is investing in Impact Picnic Investment Fund III, in which accelerator and impact investment manager Sopoong Ventures is participating as a general partner(GP) to contribute to the development of climate tech enterprises.

The size of Impact Picnic Investment Fund III, which includes institutional investors such as the SVS and Korea Venture Investment, as well as a number of individual investors, is 4.3 billion won, reflecting the high level of interest in the climate issues.

More than 60% of the total fund will be provided to climate tech social ventures, and more than 40% of the total will be mandatorily invested in early-stage companies under 3 years to improve access to finance in the domestic climate tech sector, where there are many early-stage startups.

To this end, the Fund will make follow-up investments in the top 35% of portfolio companies after the first investment, contributing to the creation of effective examples for the future climate agenda.

In particular, it focuses funding on climate tech social ventures optimized for the top three sectors of greenhouse gas emissions: energy, circular economy, and agri-food. to actively address climate and environmental issues in these sectors.