# CONTEC Co.

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

- Industry: Aerospace
- Headquarters: Daejeon, South Korea
- Website: www.contec.kr
- Total disclosed funding: $60M
- Latest round: Series C (Jun 10, 2022)
- Investors on record: 14

## About

Based in Daejeon, South Korea, and founded in 2015, CONTEC Co., Ltd, a.k.a. CONTEC operates as an aerospace company that provides ground station services for satellite operations and spacecraft monitoring through network bases in North America, Europe, Africa, and Asia.  As of August 2023, Dr. Sunghee Lee is the President of the company. In November 2023, CONTEC Co., Ltd. raised KRW 46.35 billion in an IPO, selling 2.06 million shares at KRW 22,500 per share, the expected KRW 20,300 to KRW 22,500 range at the KOSDAQ.

The company provides Connect ONE, a platform where users can access its web-based operation system and arrange a mission. CONTEC's ground station network supports VHF, UHF, S-Band frequencies for TT and C and X-Band frequencies through receivers for high data rate receiving. In addition, the firm offers space ground station service, satellite image pre-processing service, satellite image application service, and technical service. Overall, the company also provides satellite imagery analysis and application services based on raw satellite image data to detect several specific objects depending on the needs of its customer via applying deep learning algorithms.

## Funding rounds

- Series C, Jun 10, 2022, $48M — STIC Investments, Korea Development Bank, KB Investment, Atinum Investment, Korea Investment Partners, Yuanta Investment, Spring Ventures, Partners Investment, Company K Partners, Daishin Securities, Tony Investment
- Series B, Mar 30, 2021, $11M — Korea Development Bank, Atinum Investment, Korea Investment Partners, IBK Capital
- Series A, Jul 31, 2019, $1.2M — Shinhan Securities, We Venture Partners

## Investors

- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series A
- We Venture Partners (https://capitalatlas.ai/funds/we-venture-partners) — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B, Series C
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series B, Series C
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series B, Series C
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series B
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series C
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series C
- Yuanta Investment (https://capitalatlas.ai/funds/yuanta-investment) — Series C
- Spring Ventures — Series C
- Partners Investment (https://capitalatlas.ai/funds/partners-investment) — Series C
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series C
- Daishin Securities — Series C
- Tony Investment (https://capitalatlas.ai/funds/tony-investment) — Series C