# BLUEMTEC Co.

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

- Industry: Healthcare IT
- Headquarters: Seongnam, South Korea
- Website: www.bluemtec.co.kr
- Total disclosed funding: $18M
- Latest round: Series B (Sep 28, 2021)
- Investors on record: 8

## About

Based in South Korea, BLUEMTEC Co., Ltd. specializes in developing advanced technology solutions, focusing on innovative materials and electronic components for various industries, including automotive and telecommunications.Founded in 2015 in Seongnam, South Korea, BLUEMTEC Co., Ltd. is a technology company that develops high-performance electronic components. The company has raised a total of KRW 26.6 billion across multiple funding rounds, with the latest being a Series B round totaling KRW 17.0 billion in December 2023, supported by investors including Deep Dive Investment Partners and Hana Securities. The company's strategic direction has remained consistent since its inception, focusing on cutting-edge material development.BLUEMTEC Co., Ltd. specializes in developing innovative technology solutions that serve a diverse range of industries. The company’s core offerings focus on advanced materials and electronic components designed for applications in sectors such as consumer electronics, automotive, and telecommunications. Their flagship products include high-performance materials for circuit boards and components that enhance device efficiency and durability. These products are engineered to meet the evolving demands of modern technology, with a strong emphasis on sustainability and energy efficiency. The company targets key markets in North America, Europe, and Asia, providing tailored solutions to a varied client base that includes manufacturers, industrial enterprises, and technology firms looking to optimize their product capabilities.The revenue model of BLUEMTEC Co., Ltd. is structured around B2B transactions, primarily through direct sales to manufacturers and industrial partners. The company engages in long-term partnerships with clients, often involving exclusive agreements for high-demand products. Transactions may include bulk orders for their electronic components and advanced materials, with pricing structured based on volume and contract length. Specific pricing plans are customized according to client requirements and order sizes, facilitating competitive rates for larger purchases. This revenue model enables BLUEMTEC Co., Ltd. to cater to both established businesses and emerging firms in technology, reinforcing their position in the market and driving sustained growth through strategic collaborations.BLUEMTEC Co., Ltd. plans to utilize the funds raised in the most recent Series B round for the development of new products and expansion into new markets. The company is currently designing innovative products aimed at enhancing energy efficiency and performance, with launches anticipated in 2024. Additionally, BLUEMTEC targets expansion into additional markets in Europe and North America by the end of 2025, leveraging its recent IPO success in December 2023, where it raised KRW 26.6 billion.

## Funding rounds

- Series B, Sep 28, 2021, $14M — HB Investment, Kiwoom Investment, Hana Securities, Deep Dive Investment Partners
- Series A, Dec 23, 2020, $3.6M — Kolon Investment, K2 Investment Partners, Dong Hoon Investment, Chung-Ang University KAIC

## Investors

- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series A
- K2 Investment Partners (https://capitalatlas.ai/funds/k2-investment-partners) — Series A
- Dong Hoon Investment (https://capitalatlas.ai/funds/dong-hoon-investment) — Series A
- Chung-Ang University KAIC — Series A
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series B
- Kiwoom Investment (https://capitalatlas.ai/funds/kiwoom-investment) — Series B
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series B
- Deep Dive Investment Partners (https://capitalatlas.ai/funds/deep-dive-investment-partners) — Series B