# Algocare

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

- Industry: Healthcare IT
- Headquarters: Seoul, South Korea
- Website: www.algocare.me
- Total disclosed funding: $11M
- Latest round: Series A (Mar 14, 2024)
- Investors on record: 7

## About

Founded in 2019 and based in Seoul, South Korea, Algocare operates as a provider of customized nutrition-as-a-service solutions that utilize healthcare artificial intelligence and IoT nutrition management appliances to analyze users' health conditions. In March 2024, Algocare raised KRW 15 billion in series A funding led by Stassets Investment, with participation from Company K Partners, Murex Partners, Industrial Bank of Korea, L&S Venture Capital, JB Investment, and Maple Investment Partners. As of 2024, the company is led by its CEO, Jeong Ji-won, and offers services to companies like Dream Plus, Maeil, and many more. The company offers various nutrition management services that include the calculation of customized nutritional components for dosage measurement for patients with chronic diseases, improving employee health and productivity. The company provides an artificial intelligence-based platform used to identify side effects and prohibited ingredients, helping users find and take nutritional supplements. The company plans to use the March 2024 funding to enter the market more aggressively and expand its share in the B2B market.

## Funding rounds

- Series A, Mar 14, 2024, $11M — Industrial Bank of Korea, JB Investment, L&S Venture Capital, Company K Partners, Murex Partners, Stassets Investment, Maple Investment Partners

## Investors

- Industrial Bank of Korea — Series A
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series A
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series A
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A
- Murex Partners (https://capitalatlas.ai/funds/murex-partners) — Series A
- Stassets Investment (https://capitalatlas.ai/funds/stassets-investment) — Series A
- Maple Investment Partners (https://capitalatlas.ai/funds/maple-investment-partners) — Series A