# Baropharm Co.Ltd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baropharm-co-ltd

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.baropharm.com
- Total disclosed funding: $15M
- Latest round: Series B (May 12, 2023)
- Investors on record: 6

## About

Based in Seoul, South Korea, and founded in 2019, Baropharm Co.Ltd. operates an integrated drug order platform that enables pharmacists to search for and order medicines directly from wholesalers. The company was founded by Seulgi Kim. In June 2021, Baropharm Co., Ltd. raised seed funding from KB Investment and Korea Tech Incubator for Startups after being selected for the Accelerator Investment-Driven Tech Incubator Programme. In August 2024, Baropharm Co.Ltd. raised KRW 15 billion in pre-IPO funding led by new investor SBVA, with participation from new investor KDB Capital. Returning investors Mirae Asset Capital, Mirae Asset Venture Investment. and Company K Partners also participated in this round.

The company offers a wide portfolio of pharmaceutical products, including prescription drugs, over-the-counter medications, and healthcare supplements. It also offers an integrated drug platform that controls the wholesale sites utilized by existing pharmacies in one place, allowing enterprises to order pharmaceuticals from a single site rather than individually visiting various wholesale sites.

## Funding rounds

- Series B, May 12, 2023, $11M — KB Investment, Company K Partners, Mirae Asset Venture Investment, KB Securities, Mirae Asset Capital
- Series A, Nov 1, 2021, $4.3M — KB Investment, Mirae Asset Venture Investment, Mirae Asset Capital
- Seed, Jun 1, 2021 — KB Investment, Korea Tech Incubator for Startup

## Investors

- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Seed, Series A, Series B
- Korea Tech Incubator for Startup — Seed
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series A, Series B
- Mirae Asset Capital (https://capitalatlas.ai/funds/mirae-asset-capital) — Series A, Series B
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B