541 Ventures – a new LA-based VC firm, announces its launch on July 5, 2022.
Founded and led by a founder-turned investor and a former Techstars Managing Director, Eunse Lee, the new Los Angeles-based firm globally invests in early-stage frontier tech companies with at least one Asian founder, operating dual offices in LA and Seoul, Korea..
“I’ve been investing in companies from North America, APAC and Europe, and I’ve seen Asian entrepreneurs in tech proving themselves time and time again. Interestingly however, there’s no source of capital that really understands them and is dedicated to empower them! Our aspiration for 541 Ventures is to be a frontier ourselves in the huge segment and become an iconic investor for Asian founders in frontier tech,” said Lee about why the world needs 541 Ventures.
541 Ventures will invest in frontier tech companies both from the US and APAC ecosystems such as Korea, Japan, Taiwan, Singapore and Australia and is looking to empower at least 20 deeply technical startups out of its initial close-nearing debut fund to bring innovation on a global scale and start industries.
“At 541, we define frontier tech as a fundamental technology which everybody will have to use in the future if the founders are right. And we’re looking to back deeply technical startups in the spaces of big data management and processing, sustainable ultra-high performance computing, human-device interfaces, cybersecurity and energy solutions and energy-related infrastructure as those are the areas we’ll see massive inflection points in the near future!” hinted Lee about the new Los Angeles firm’s thesis.
The debut fund will be subscribed mainly by US-based sophisticated investors and by investing as a US firm in the companies not just in the US but also from the APAC ecosystems, 541 Ventures expects not only to make successful investments but also to acquire unique first-hand data of the frontier tech startups in the APAC ecosystem which will help the investors better understand the opportunities in Asian ecosystems and making the US ecosystem even more technicolor.