The South Korean company AM Management, specializing in quant-based digital asset solutions, has successfully raised additional pre-Series A funding from the Ulsan Creative Economy Innovation Center (Ulsan CCEI). Previously, AM Management had also secured pre-Series A investments from various sources, including the Web3 consulting firm DeSpread.

Han Tae-gyu, Team Leader at Ulsan CCEI, remarked, “AM Management offers the highly sought-after solutions in the volatile virtual asset market by achieving both non-custodial services and stable returns. Given the challenges faced by foreign corporations in purchasing digital assets directly due to custodial limitations, we believe AM Management is well-positioned to quickly establish a strong presence in the global market.”

Following this investment, the Ulsan CCEI is committed to continuing its robust support for AM Management.

Hojoong Kim, CEO of AM Management, stated, “This investment marks a significant milestone, from seed to pre-Series A funding, showcasing market validation through support from Mashup Ventures, Banks Foundation for Young Entrepreneurs (d·camp), Web3 consulting firms, and now a public institution. With this funding, we aim to accelerate our global market expansion by recruiting top talent from around the world.”

AM Management is known for providing quant-based digital asset solutions and has been the second provider globally to offer its quant solution to the global virtual asset exchange OKX since last year. The company launched ‘AM NAVI’, a non-custodial digital and global financial asset platform, enabling users to manage their asset portfolios transparently.