# buzzy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/buzzy-2

- Industry: Software
- Headquarters: Gyeongsan, South Korea
- Website: www.buzzy.kr
- Total disclosed funding: $0.5M
- Latest round: Seed (Jun 7, 2024)
- Investors on record: 2

## About

Based in Gyeongsangbuk, South Korea, and founded by Kang In-gu (Representative Director) in 2021, Lumiglu Co., Ltd. doing business as buzzy operates as a software development company that develops and offers mobile coupon-based savings services by utilizing artificial intelligence (AI) technology. In June 2024, buzzy raised KRW 700 million in seed funding led by investors Kingsley Ventures and Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program.

The company operates under the brand buzzy (Cherry) and engages in simplifying money savings for users, without the need to install an app. Cherry partners with brands such as Starbucks, Twosome, Holly's, Ediya, Mega Coffee, and CGV, facilitating savings for everyday purchases like coffee and movie tickets. These partnerships enable users to accrue significant savings over time, with the potential to save enough for a trip to Jeju Island within a year by simply cutting down on coffee expenses. As of June 2024, Cherry has garnered over 2,646 customers.

## Funding rounds

- Seed, Jun 7, 2024, $0.5M — Korea Tech Incubator for Startup, Kingsley Ventures

## Investors

- Korea Tech Incubator for Startup — Seed
- Kingsley Ventures (https://capitalatlas.ai/funds/kingsley-ventures) — Seed