# Farmskin

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

- Industry: Consumer Products
- Headquarters: Cheongju, South Korea
- Website: www.farmskincorp.com
- Latest round: Seed (Mar 1, 2018)
- Investors on record: 2

## About

Farmskin Inc., based in South Korea, specializes in providing innovative solutions tailored to meet the operational needs of various industries, enhancing both efficiency and customer satisfaction.Founded in 2017, Farmskin Inc. operates from Cheongju, South Korea. The company focuses on developing innovative products targeting the retail, logistics, and technology sectors. Its recent venture funding round occurred on May 18, 2020, when it raised KRW 2 billion from SEMA Translink Investment, bringing the total amount raised to KRW 2 billion. The CEO of the company is Taeil Kwak.Farmskin Inc. offers a comprehensive range of products designed to cater to diverse clientele needs. Their primary offerings focus on solutions that address industry-specific challenges, enhancing operational efficiency. The company targets markets in North America and Europe, delivering tailored solutions that aid both small and medium-sized enterprises as well as larger corporations in improving their operations.The revenue model for Farmskin Inc. incorporates direct-to-consumer sales alongside B2B partnerships. They utilize subscription models for their flagship services, allowing clients access to premium features and regular updates. This structured pricing accommodates various customer needs, fostering a stable revenue stream and promoting long-term relationships with their clientele.Farmskin Inc. intends to utilize the KRW 2 billion raised in May 2020 to support the development of upcoming products and to expand its market presence. The company aims to enhance its product lineup and penetrate new geographic regions, specifically targeting markets in North America and Europe for expansion. These efforts are anticipated to drive growth and reinforce their operational capabilities.

## Funding rounds

- Seed, Mar 1, 2018 — Mashup Ventures, Korea Tech Incubator for Startup
- Seed, Dec 14, 2017 — Mashup Ventures

## Investors

- Mashup Ventures (https://capitalatlas.ai/funds/mashup-ventures) — Seed
- Korea Tech Incubator for Startup — Seed