# DewCell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dewcell

- Industry: Biotechnology
- Headquarters: Seongnam, South Korea
- Website: www.dewcellbio.com/
- Total disclosed funding: $22M
- Latest round: Series C (Mar 29, 2026)
- Investors on record: 12

## About

Founded in 2021 and based in Seongnam, South Korea, DewCell operates as a biotechnology company that is developing artificial platelets using human-derived stem cell-induced differentiation technology and biomimetic technology to solve the blood donation shortage problem. In March 2026, DewCell raised KRW 23.5 billion in series C funding from new investors Hanwha Investment & Securities, WONIK Investment Partners, Hyundai Investment Partners, KDB Capital, Korea SMEs and Startups Agency. Other unspecified investors also participated in this round. As of 2024, the company is led by its CEO, Lee Min-woo.

The company’s pipeline includes the En-aPLT™ platform for manufacturing artificial platelets derived from stem cells and the i-aPLP™ platform for creating induced pluripotent stem cell-derived artificial platelet analogues. Dewcell is advancing i-ahPLys™, which is a technology for producing artificial human platelet lysate from induced pluripotent stem cells.

The company will use the March 2026 funding to upgrade its production infrastructure.

## Funding rounds

- Series C, Mar 29, 2026, $16M — Korea SMEs and Startups Agency, KDB Capital, WONIK Investment Partners, Hyundai Investment Partners, Hanwha Investment & Securities
- Series B, Apr 29, 2024, $6.5M — Korea Development Bank, Korea Technology Finance Corporation, Partners Investment, Shinhan Capital, Heungkuk Securities
- Seed, Feb 1, 2022 — Innopolis Partners, Korea Tech Incubator for Startup

## Investors

- Innopolis Partners (https://capitalatlas.ai/funds/innopolis-partners) — Seed
- Korea Tech Incubator for Startup — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Korea Technology Finance Corporation — Series B
- Partners Investment (https://capitalatlas.ai/funds/partners-investment) — Series B
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series B
- Heungkuk Securities — Series B
- Korea SMEs and Startups Agency — Series C
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series C
- WONIK Investment Partners (https://capitalatlas.ai/funds/wonik-investment-partners) — Series C
- Hyundai Investment Partners (https://capitalatlas.ai/funds/hyundai-investment-partners) — Series C
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series C