# AIDKOREA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aidkorea

- Industry: Software
- Headquarters: Daejeon, South Korea
- Website: www.aidkr.com
- Total disclosed funding: $22M
- Latest round: Series B (Nov 3, 2021)
- Investors on record: 15

## About

AIDKOREA Corp. specializes in advanced data management solutions for livestock, enhancing operational efficiency and productivity in the agricultural sector. Founded in 2017, AIDKOREA Corp. operates from Daejeon, South Korea, focusing on innovative data solutions for livestock management. The company has completed 6 deals, with its most recent being a Series B funding round in November 2021, raising KRW 20 billion from Shinhan Venture Investment, Daesung Private Equity, Ryukyung PSG Asset Management, Sejong Venture Partners, Tigris Investment, Timefolio Asset Management, CJ Investment, and WONIK Investment Partners. The founders, Joy Song and Nohkyum Kyeong, both have relevant experience in the industry, contributing to the company's growth and development. AIDKOREA Corp.'s core offerings revolve around advanced livestock data management solutions that improve productivity and efficiency in the agricultural sector. These include comprehensive data analytics platforms that aid farmers in monitoring livestock health, optimizing feeding practices, and enhancing herd management. The company primarily serves livestock farmers and agricultural cooperatives in North America and parts of Europe, providing data-driven tools to facilitate informed decision-making in farming operations. Its flagship product, launched in 2021, has gained traction among users aiming to leverage data for operational enhancements.The revenue model of Animal Industry Data Korea is based on a subscription framework, where clients pay for access to the data analytics platform on either a monthly or annual basis. Livestock producers typically engage in subscription agreements that grant tiered access to various features of the platform, improving their capacity for performance management and analysis. The company also partners with agricultural cooperatives, which often resell its services to members. Revenue primarily derives from these subscription fees and potential consulting agreements for optimizing analytics tools within client operations. AIDKOREA Corp. plans to utilize the KRW 20 billion raised in its Series B funding to expand its affiliate Farmsplan and strengthen the Farmsplan Meat brand. The investment will also facilitate recruitment of IT, AI, and engineering research personnel. Future initiatives include launching new digital healthcare solutions, particularly targeting expansion into the Indian and US markets by 2023.

## Funding rounds

- Series B, Nov 3, 2021, $17M — Shinhan Venture Investment, Daesung Private Equity, WONIK Investment Partners, Timefolio Asset Management, CJ Investment, Sejong Venture Partners, Tigris Investment, Ryukyung PSG Asset Management
- Series A, Jun 3, 2020, $3.6M — Woori Bank, WONIK Investment Partners, CJ Investment, Korea Omega Investment Corp., Intops Investment
- Seed, Nov 13, 2018, $1.1M — Korea Omega Investment Corp., Fast Investment, Korea Credit Guarantee Fund
- Seed, Nov 1, 2018 — Korea Tech Incubator for Startup, The Ventures

## Investors

- Korea Tech Incubator for Startup — Seed
- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed
- Korea Omega Investment Corp. (https://capitalatlas.ai/funds/korea-omega-investment-corp) — Seed, Series A
- Fast Investment (https://capitalatlas.ai/funds/fast-investment) — Seed
- Korea Credit Guarantee Fund — Seed
- Woori Bank — Series A
- WONIK Investment Partners (https://capitalatlas.ai/funds/wonik-investment-partners) — Series A, Series B
- CJ Investment (https://capitalatlas.ai/funds/cj-investment) — Series A, Series B
- Intops Investment (https://capitalatlas.ai/funds/intops-investment) — Series A
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series B
- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Series B
- Timefolio Asset Management — Series B
- Sejong Venture Partners — Series B
- Tigris Investment (https://capitalatlas.ai/funds/tigris-investment) — Series B
- Ryukyung PSG Asset Management — Series B