# ERSATZ

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

- Industry: Construction
- Headquarters: Seoul, South Korea
- Website: www.ol-la.com
- Latest round: Seed (Oct 21, 2021)
- Investors on record: 3

## About

Based in South Korea, ERSATZ is a technology firm focused on delivering innovative solutions that enhance operational efficiency and user experience across various industries.ERSATZ was founded in 2021 in Seoul, South Korea, and specializes in advanced technology solutions. The company was established by Cristina Gimenez and Julio Del Prado, with Jaewon Choi serving as the CEO. ERSATZ has successfully completed a total of 3 deals, with its most recent funding round occurring on October 21, 2021.ERSATZ specializes in delivering innovative solutions tailored to meet the needs of its diverse clientele. Its core offerings encompass advanced technology products designed to enhance operational efficiency and improve user experience across various sectors such as healthcare, finance, and retail. The target market includes both small and medium enterprises and large corporations, with a customer base spanning North America, Europe, and Asia-Pacific. Products have been strategically released over the past few years, continuously evolving to incorporate user feedback and technological advancements.The company's revenue is derived from a structured model that combines direct sales with subscription-based services, catering to a wide range of business needs. Clients engage in transactions for flagship products that provide critical functionalities, often entering long-term contracts that ensure ongoing support and updates. Revenue generation primarily occurs through B2B partnerships, enhancing productivity and service capabilities for businesses implementing the company’s solutions. Pricing plans are formulated to provide flexibility, accommodating various organizational sizes and requirements, which fosters strong client relationships and facilitates recurring revenue.ERSATZ plans to launch new products designed to further enhance efficiency and user experience, with specific release dates to be determined. The company is targeting expansion into new geographic regions, including additional markets in Europe and North America by 2023. The funding raised in the recent Seed round, with participation from returning investor Spring Camp and new investors Aegis Investment Partners and Archidraw, will be utilized to support these product development initiatives and market expansion efforts.

## Funding rounds

- Seed, Oct 21, 2021 — Aegis Investment Partners, Spring Camp, Arhisketch
- Seed, Mar 2, 2021 — Spring Camp

## Investors

- Spring Camp (https://capitalatlas.ai/funds/spring-camp) — Seed
- Aegis Investment Partners — Seed
- Arhisketch — Seed