LOS ANGELES, CALIF., January 23, 2024 – 541 Ventures – a Los Angeles-based frontier tech VC for Asian founders, has announced that it has won the nomination for Rising Star by a world’s leading VC fund data and intelligence platform Revere.
Revere has reviewed and evaluated hundreds of emerging VC managers – new VC firms to the industry typically with their fund I through III, since its inception, and Rising Star is a very exclusive set of emerging managers who demonstrate the highest potential and distinctive qualities.
“We are thrilled to announce 541 Ventures as a Rising Star nominee at Revere. Our selection process involves a comprehensive and proprietary analysis of 20 data points across five critical categories – Sourcing, Team, Value Add, Track Record, and Firm Management. 541 Ventures stood out as a high-potential emerging manager with a unique proposition that aligns with our criteria for excellence. We believe in recognizing and supporting ventures that showcase exceptional potential,” Eric Woo – a co-founder and CEO of Revere, said on the nomination of 541 Ventures.
“Investing in emerging VC managers is more of an art than science, largely because there is only so much data available in evaluating them. Revere platform provides robust sets of highly quantifiable data about emerging managers. If you’re looking to back emerging VC managers, please reach out to us to learn more about how Revere can contribute to your venture strategy, and more importantly join us in celebrating the nomination of 541 Ventures as a Rising Star,” Woo added.
Founded by Eunse Lee – an entrepreneur-turned investor and a former Techstars Korea Managing Director, 541 Ventures aims to identify and invest in deeply technical Asian entrepreneurs that are coming to the US from APAC ecosystems – such as Korea, Japan, Taiwan, Singapore and Australia, as well as US companies with at least one Asian co-founder, and the firm operates its headquarters in Los Angeles, California and a Seoul-based APAC office to have the boots on the ground.
“Venture is righteously very much a network and community-driven industry, and we’re deeply humbled and honored that we’re recognized and accepted as a meaningful addition to the venture community with our strategy to be an iconic investor for Asian entrepreneurs in frontier tech and our capabilities to implement it,” said Eunse on winning the nomination..
“541 Ventures is pioneering a new VC investment model as the very first global frontier tech VC for Asian founders and our ethos is to courageously empower extraordinary entrepreneurs who are coming to the US from APAC before they become obvious in the global tech ecosystem, and just like any other pioneer we also have so much to prove. However, every great journey starts with the first step and the fact that we’ve won the Rising Star nomination unprecedentedly as the first generation Asian immigrant VC ourselves hopefully inspires the extraordinary and ambitious entrepreneurs Asia has to offer to take their first step, too. And when they do, we would love to be their first call – or email, to see how we could help them in their great journey,” added Lee.
The investment thesis of 541 Ventures can be found here, and founders can submit their deck and fundraising information via this quick form.