# Fine1 Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fine1-co

- Industry: Electronics
- Headquarters: Seoul, South Korea
- Website: http://fineone.kr/
- Total disclosed funding: $24M
- Latest round: Series C (Oct 17, 2023)
- Investors on record: 15

## About

Fine1 Co., Ltd., based in South Korea, specializes in advanced manufacturing solutions focused on OLED technology, semiconductor applications, and secondary battery components, offering precision products for the electronics industry.Founded in 2018 and headquartered in Seoul, South Korea, Fine1 Co., Ltd. operates in the advanced manufacturing sector, emphasizing OLED and battery technologies. The company has successfully completed 6 deals, with the most recent funding round being a Pre-IPO investment of KRW 5 billion in September 2024, totaling KRW 5 billion raised to date. The founder's specific history is not available.Fine1 Co., Ltd. specializes in advanced manufacturing solutions with a focus on OLED technology, semiconductor applications, and secondary battery components. The company’s primary offerings include OLED mask frame assemblies and components essential for precise display production, as well as wet demagnetizers designed for secondary battery applications. These products enhance manufacturing efficiency and reliability in the display and battery sectors, critical for modern electronic devices. Fine1’s client base includes major electronics industry players in South Korea and China, where demand for OLED displays and battery technologies is high. The company is committed to innovation through ongoing research and development projects to improve product functionality and meet evolving customer needs.Fine1 Co., Ltd. generated revenue of KRW 8,456,229.70 in 2023, with an EBITDA of KRW 428,303. The company primarily engages in business-to-business transactions with manufacturers and suppliers in the electronics sector. Payment terms often include upfront deposits, followed by final payments upon delivery and installation completion. Pricing reflects Fine1’s high-quality standards and technological advancements, supported by strategic partnerships with educational institutions and industry leaders, enhancing its market position and revenue potential.In September 2024, Fine1 Co., Ltd. raised KRW 5 billion in Pre-IPO funding. The company plans to utilize this funding to improve the materials used in depositing organic light-emitting diodes. Future initiatives include the design and launch of new products aimed at enhancing OLED and battery technologies, with specific release dates to be announced. Additionally, Fine1 aims to expand into new markets, targeting regions within Asia to leverage the growing demand for advanced electronics by 2025.

## Funding rounds

- Series C, Oct 17, 2023, $11M — Korea Development Bank, Innopolis Partners, T.S. Investment, K-Run Ventures, Daedeok Venture Partners, A Ventures
- Series B, Dec 27, 2022, $7.8M — SL Investment, NH Hedge Asset Management, Time Folio Asset Management, IBK Capital, Mirae Asset Securities, A-Stone Ventures
- Series B, Apr 18, 2022, $4.9M — AJU IB Investment, K-Run Ventures, Honest Ventures, NH Venture Investment

## Investors

- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series B
- K-Run Ventures (https://capitalatlas.ai/funds/k-run-ventures) — Series B, Series C
- Honest Ventures (https://capitalatlas.ai/funds/honest-ventures) — Series B
- NH Venture Investment (https://capitalatlas.ai/funds/nh-venture-investment) — Series B
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series B
- NH Hedge Asset Management — Series B
- Time Folio Asset Management — Series B
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series B
- Mirae Asset Securities (https://capitalatlas.ai/funds/mirae-asset-securities) — Series B
- A-Stone Ventures (https://capitalatlas.ai/funds/a-stone-ventures) — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series C
- Innopolis Partners (https://capitalatlas.ai/funds/innopolis-partners) — Series C
- T.S. Investment (https://capitalatlas.ai/funds/t-s-investment) — Series C
- Daedeok Venture Partners (https://capitalatlas.ai/funds/daedeok-venture-partners) — Series C
- A Ventures — Series C