Partners Venture Capital Buys Stake in South Korea’s Panax Etec (Asia)

Source: AVCJ  |  Author: Tim Burroughs

South Korean venture capital firm Partners Venture Capital has acquired a 10 percent stake in South Korean battery electrolyte manufacturer Panax Etec for KRW10 billion (approximately US$9 million). The investment took place through a secondary purchase from investors Samsung Venture Investment and Bokwang Investment, both of whom partially exited their stakes in the company.