# Chago Engineering Co.

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

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Hwaseong, South Korea
- Website: www.chagoengineering.com/
- Total disclosed funding: $3.4M
- Latest round: Series A (Sep 1, 2021)
- Investors on record: 3

## About

Based in Hwaseong, South Korea, and founded in 2019, Chago Engineering Co., Ltd. started as an in-house venture of SK Hynix spun-off by CEO Kim Hyung-gyu, a former SK Hynix engineer. The company started with SK Hynix's in-house venture fostering program 'HiGarage' in 2018 and is currently developing and manufacturing chillers for semiconductor and industrial processes.

The company produces chillers that are used as temperature control devices for the semiconductor process. The chillers are manufactured in three different types, Iron-3, Iron-7, and Iron-10 depending on its specification of temperature coverage.

## Funding rounds

- Series A, Sep 1, 2021, $3.4M — JB Investment, L&S Venture Capital, Medici Investment

## Investors

- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series A
- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Series A
- Medici Investment (https://capitalatlas.ai/funds/medici-investment) — Series A