# Difon

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

- Industry: Materials
- Headquarters: Anyang-si, South Korea
- Website: www.difon.co.kr
- Total disclosed funding: $9.3M
- Latest round: Series A (Sep 12, 2023)
- Investors on record: 10

## About

Based in Gyeonggi-do, South Korea, and founded in 2021, Difon Inc operates as a operates as a material company that provides its clients with smart glass solutions designed for controlling the sunlight. The firm was founded as a spin-off from Hyundai Motor Group. In September 2023, Difon Inc. raised KRW 12.4 billion in series funding led by TBT Partners, Korea Technology Finance Corporation, and DONGWOO FINE-CHEM. As of 2023, the company is led by its CEO Seongwoo Lee.

The company offers smart glass film solutions and the products offered by the firm include PDLC and VPLC. The PDLC film offered by the firm is a film that lets users adjust the brightness of transmitted light depending on the application of voltage. The VPLC is another product offered by the firm which is used for shading cars and buildings.

The company plans to use the September 2023, funding to recruit research and development personnel, automate the production process, and build production capabilities capable of quantification and multi-product production. It plans to mass-produce smart window films specialized for automobiles and buildings.

## Funding rounds

- Series A, Sep 12, 2023, $9.3M — Korea SMEs and Startups Agency, Industrial Bank of Korea, Korea Technology Finance Corporation, DSC Investment, Daedeok Venture Partners, TBT Partners, Schmidt, Infobank, Kingo Investment Partners, Dong Woo Fine-Chem Co., Ltd.
- Seed, Aug 12, 2021 — Schmidt

## Investors

- Schmidt (https://capitalatlas.ai/funds/schmidt) — Seed, Series A
- Korea SMEs and Startups Agency — Series A
- Industrial Bank of Korea — Series A
- Korea Technology Finance Corporation — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Daedeok Venture Partners (https://capitalatlas.ai/funds/daedeok-venture-partners) — Series A
- TBT Partners (https://capitalatlas.ai/funds/tbt-partners) — Series A
- Infobank (https://capitalatlas.ai/funds/infobank) — Series A
- Kingo Investment Partners (https://capitalatlas.ai/funds/kingo-investment-partners) — Series A
- Dong Woo Fine-Chem Co., Ltd. — Series A