Founded in 1999 as MVP Capital, Smilegate Investment has managed over 30 venture capital and private equity funds and invested in more than 200 companies. Based in South Korea, the firm typically invests in rounds with 4-5 participants and focuses on industries such as software and healthcare. Notable sponsors for the fund include Softbank Ventures Asia and Y Combinator. While the firm primarily invests in the United States, there is no requirement for the location of its establishment. Startups seeking investment from Smilegate Investment generally need to be 2-3 years old, and the firm has no specific preference for the number of founders.