# Ecube Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecube-labs

- Industry: Power & Utilities
- Headquarters: Seoul, South Korea
- Website: www.ecubelabs.com
- Total disclosed funding: $25M
- Latest round: Series C (Sep 15, 2023)
- Investors on record: 13

## About

Founded in 2011 and based in Seoul, South Korea, Ecube Labs, operates as a clean technology company that offers various waste management solutions. In June 2023, Ecube Labs raised KRW 15 billion in series C funding from SV Investment, LB Investment, Kingo Investment Partners, Holistic Growth Initiative, Hana Securities, and Daesung Private Equity, and Coolidge Corner Investment. As of 2023, the company has partnered with companies like Ecovision Environmental, Smile Corporation, Smart Waste Solutions, and many more.

The company offers various technology solutions that include solar-powered trash compactors used to hold up waste, reducing collection frequency for smart cities, commercial, private, and municipal waste collectors.

The company also provides CleanFLEX, a cloud-based monitoring and data analytics platform with a sensor designed to securely monitor the fill level of containers, providing real-time data. It offers an application integration platform, CleanTRACK Module (CTM), that provides real-time monitoring, analysis, and asset management.

## Funding rounds

- Series C, Sep 15, 2023, $11M — LB Investment, Coolidge Corner Investment, Daesung Private Equity, SV Investment, Holistic Growth Initiative, Hana Securities, Kingo Investment Partners
- Series B, Sep 28, 2021, $11M — BSK Investment, YG Investment, Open Water Investment, DS Asset Management
- Series A, Jul 24, 2018, $2.2M — Pathfinder H, Hanwha Investment & Securities

## Investors

- Pathfinder H (https://capitalatlas.ai/funds/pathfinder-h) — Series A
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series A
- BSK Investment (https://capitalatlas.ai/funds/bsk-investment) — Series B
- YG Investment (https://capitalatlas.ai/funds/yg-investment) — Series B
- Open Water Investment (https://capitalatlas.ai/funds/open-water-investment) — Series B
- DS Asset Management (https://capitalatlas.ai/funds/ds-asset-management) — Series B
- LB Investment (https://capitalatlas.ai/funds/lb-investment) — Series C
- Coolidge Corner Investment (https://capitalatlas.ai/funds/coolidge-corner-investment) — Series C
- Daesung Private Equity (https://capitalatlas.ai/funds/daesung-private-equity) — Series C
- SV Investment (https://capitalatlas.ai/funds/sv-investment) — Series C
- Holistic Growth Initiative (https://capitalatlas.ai/funds/holistic-growth-initiative) — Series C
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series C
- Kingo Investment Partners (https://capitalatlas.ai/funds/kingo-investment-partners) — Series C