TLDR:
- Hyosung Ventures has decided to invest in Colosseum, a company specializing in logistics center network solutions.
- Colosseum offers comprehensive solutions in inventory management, transportation, packaging, and logistics consulting.
Hyosung Group’s corporate venture capital arm, Hyosung Ventures, has announced an investment in Colosseum, a fourth-party logistics provider that offers various solutions in inventory management, transportation, packaging, and logistics consulting. The company is focusing on innovative business partners to adapt to the changing trends in future industries beyond the logistics sector. Hyosung Ventures plans to continue investing to support the growth of small and medium enterprises and the development of Hyosung Group and the domestic industry.
Colosseum’s proprietary software, COLO, is designed to meet the intricate logistics demands of entrepreneurs, small to medium-sized sellers, and corporate brand manufacturers and distributors. The software facilitates the management of logistics-related data from order collection to delivery, improving user efficiency and reducing operational costs. Hyosung Ventures aims to implement COLO in Hyosung’s subsidiaries, including in Vietnam, to enhance and optimize logistics processes.
Since the establishment of a corporate venture capital fund, the CVC Scale-Up Fund I, with 50 billion won ($38.5 million) last year, Hyosung Ventures has directed investments towards domestic firms specializing in artificial intelligence and battery technologies. Notable investments include Persona AI and Betterwhy, receiving investments worth 5 billion won and 2 billion won, respectively.
