# AFI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/afi-2

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.afidev.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Sep 7, 2022)
- Investors on record: 5

## About

Based in Seoul, South Korea, AFI, Inc. is a technology solutions provider that develops advanced platforms to enhance operational efficiency for businesses across various industries.AFI, Inc. was founded in 2013 in Seoul, South Korea, and specializes in delivering technology solutions that improve business operations. The company has raised a total of KRW 5.3 billion through its Series A funding round on September 7, 2022, led by DSC Investment. The investment round included participation from Kakao Ventures, Lighthouse Combined Investment, Bluepoint Partners, and GU Equity Partners. Tõnis Hinnosaar is the CEO of AFI, which has successfully completed five deals to date.AFI specializes in delivering innovative technology solutions tailored to various industry needs. Their core product offering includes advanced technology platforms that enhance operational efficiency and streamline processes in logistics, supply chain management, and manufacturing. These platforms serve a diverse clientele, including mid-sized and large enterprises across North America and Europe, enabling them to optimize operations and improve productivity.AFI generates revenue through a subscription-based model, allowing clients access to its technology platforms and services. This model ensures recurring revenue, providing predictable cash flow. Clients enter agreements with varying service tiers, offering features like advanced analytics and personalized support, which enhances their ability to utilize AFI’s technology effectively. Strategic partnerships further bolster AFI's market presence and revenue potential.In September 2022, AFI, Inc. raised KRW 5.3 billion in Series A funding to enhance its game server SaaS services. The company plans to utilize this funding to upgrade its technology offerings and expand into new markets, focusing specifically on increased penetration in North America and Europe by 2023. These strategic initiatives aim to strengthen AFI's position in the competitive landscape of technology solutions.

## Funding rounds

- Series A, Sep 7, 2022, $3.9M — DSC Investment, Kakao Ventures, Bluepoint Partners, Lighthouse Combined Investment, GU Equity Partners
- Series A, Oct 22, 2021, $0.8M — Bluepoint Partners, GU Equity Partners

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Series A
- GU Equity Partners (https://capitalatlas.ai/funds/gu-equity-partners) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series A
- Lighthouse Combined Investment (https://capitalatlas.ai/funds/lighthouse-combined-investment) — Series A