# DENVE Co.

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

- Industry: Chemicals
- Headquarters: Gimhae, South Korea
- Website: www.denve.co.kr
- Total disclosed funding: $0.2M
- Latest round: Seed (Sep 1, 2023)
- Investors on record: 2

## About

Founded in 2020 and based in Gimhae, South Korea, DENVE operates as a manufacturer of silica that is being used for cosmetics through a synthesis process. As of 2023, the firm is headed by its CEO Kim Young-yong. In November 2023, the firm raised KRW 500 million in Seed funding from investor Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program.

The company manufactures magnesium silicate which can be used as a surfactant and food/industrial oil refining catalyst. Additionally, the firm offers silica, which is used as a scrub agent, absorbent, anti-caking agent, bulking agent, etc. Furthermore, the company provides aluminum silicate which can be used as an industrial catalyst such as polyol refining.

The company plans to use the November 2023 funding to support its research and development.

## Funding rounds

- Seed, Sep 1, 2023 — Plan.H Ventures
- Seed, Feb 1, 2023, $0.2M — Impact Square

## Investors

- Impact Square (https://capitalatlas.ai/funds/impact-square) — Seed
- Plan.H Ventures (https://capitalatlas.ai/funds/plan-h-ventures) — Seed