# damhwa company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/damhwa-company

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.sooldamhwa.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Dec 8, 2021)
- Investors on record: 1

## About

Founded in 2018, and based in Seoul, South Korea, damhwa company operates as a traditional liquor brewery company. In December 2021, damhwa company raised KRW 3 billion in series A funding from new investor KTB Network and as of 2021, the company is led by Jae-wook Lee.

Damhwa operates sooldamhwa, a traditional liquor vertical commerce platform that caters to its members through a system that delivers traditional liquor in bottles meticulously selected by a traditional liquor sommelier and accompanied by a monthly curation card. The company's services are available on a subscription basis, with users having the option of paying monthly or yearly.

The investment will help damhwa company expand its own direct shopping mall service and improve its algorithm by recruiting data experts and by investing in its systems.

## Funding rounds

- Series A, Dec 8, 2021, $2.5M — WOORI Venture Partners

## Investors

- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A