# DMS Chemical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dms-chemical

- Industry: Chemicals
- Headquarters: Changwon, South Korea
- Website: www.md-corporation.co.kr/
- Latest round: Seed (Jun 14, 2024)
- Investors on record: 3

## About

Based in Changwon, South Korea, and founded in 2023, DMS-Chemical Co., Ltd., trading under the name DMS Chemical, operates as an inorganic chemical manufacturing company. In June 2024, DMS Chemical raised seed funding from new investors Ulsan Creative Economy Innovation Center and Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program. Financial terms of the deal were not disclosed. The firm as of July 2023, is led by its CEO, Je Sang-wook. The company manufactures high-purity sodium silicate for the Korean market. The sodium silicate imported from China as of July 2023, is used only for industrial purposes such as steel, construction, and paper industry. DMS offers highly purified sodium silicate, as well as recreates it as a raw material for synthetic silicate, that acts as an additive, that can be used in high-value industries such as semiconductors, secondary batteries, medicine, and food industries. The company also develops sodium silicate-based nanomaterials. The company plans to use the June 2024 funding to develop a purification technology designed to eliminate heavy metals through the utilization of high-purity sodium silicate.

## Funding rounds

- Seed, Jun 14, 2024 — Korea Tech Incubator for Startup, Ulsan Creative Economy Innovation Center
- Seed, Jul 13, 2023 — Series Ventures

## Investors

- Series Ventures (https://capitalatlas.ai/funds/series-ventures) — Seed
- Korea Tech Incubator for Startup — Seed
- Ulsan Creative Economy Innovation Center (https://capitalatlas.ai/funds/ulsan-creative-economy-innovation-center) — Seed