# bHaptics

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

- Industry: Consumer Products
- Headquarters: Daejeon, South Korea
- Website: www.bhaptics.com
- Total disclosed funding: $18M
- Latest round: Series C (Jan 5, 2024)
- Investors on record: 9

## About

Based in Daejeon, South Korea, and founded in 2015, bHaptics Inc. develops devices and related software solutions that deliver tactile sensations to users of VR and metaverse content. Gwak Kiuk (CEO), Wonho Yu, and Sangwon Choi are the co-founders of the company. In January 2024, bHaptics Inc. raised KRW 10 billion in series C funding from new investors KB Investment, Korea Development Bank, and Hana Ventures.

The company is a developer of wearable gaming haptic devices and suits intended to offer a new way to experience virtual reality. The company's suite provides a physical interface between the virtual world and a user's skin, increasing emotion by providing suitable haptic input in an audio-visually immersive environment, allowing gamers to enjoy virtual reality with visual, acoustic, and haptic feedback.

Its wearable products include the TactSuit X series (VR-exclusive tactile transmission wearable haptic suits), Tactosy for arms, Tactosy for hands, and Tactosy for feet.

bHaptics Inc. plans to use the series B funding investment to increase the production of its pipeline.

## Funding rounds

- Series C, Jan 5, 2024, $5.4M — KB Investment, Hana Ventures
- Series C, Dec 27, 2023, $2.3M — Korea Development Bank
- Series B, Feb 15, 2022, $8.4M — AJU IB Investment, Daesung Private Equity, InterValue Partners, Mirae Asset Securities, Open Water Investment
- Series A, May 25, 2019, $1.7M — AJU IB Investment, Korea Technology Finance Corporation

## Investors

- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series A, Series B
- Korea Technology Finance Corporation — Series A
- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Series B
- InterValue Partners (https://capitalatlas.ai/funds/intervalue-partners) — Series B
- Mirae Asset Securities (https://capitalatlas.ai/funds/mirae-asset-securities) — Series B
- Open Water Investment (https://capitalatlas.ai/funds/open-water-investment) — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series C
- Hana Ventures — Series C