Aju IB Investment Co., Ltd. is the venture capital and private equity arm of AJU Corporation Co., Ltd. It invests in mezzanine, buyouts, corporate restructuring, and all stages of venture investments in small to medium-sized start-up companies in South Korea. The firm targets sectors such as information technology, biotechnology, life sciences, and environment, and also considers companies with immune system platform technology, oncology drugs, and ophthalmic drugs. It typically invests in South Korea but also makes investments in other countries. Venture capital investments range from $0.87 million to $2.61 million, while private equity investments range from $4.36 million to $17.45 million. The firm typically exits through IPO and mergers and acquisitions. Formerly known as Kibo Technology Advancing Capital Co., it was founded in 1974 and is based in Seoul, South Korea, with additional offices in Boston, Massachusetts and San Francisco, California.