# Foodpang

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

- Industry: Logistics & Distribution
- Headquarters: Seoul, South Korea
- Website: www.foodpang.co
- Total disclosed funding: $13M
- Latest round: Series B (Jan 10, 2022)
- Investors on record: 12

## About

Founded in 2016 and based in Seoul, South Korea, Foodpang is an online direct transaction food material brokerage platform operator company that provides free early morning delivery of the products ordered based on wholesale markets in Seoul and Busan. The company's platform allows customers to purchase food materials at a low price by checking the wholesale market prices of products including agricultural products, livestock and fishery products, and industrial products.

Foodpang operates an online food agriculture wholesale market platform for on-trade business channels. Foodpang operates a mobile application under the same name where users can purchase food materials at wholesale market prices and receive the delivery on the order date. The company also provides free shipping and 100% exchange for food material problems. As of 2022, more than 5,0000 restaurants use Foodpang and 300,000 deliveries have been made through the platform.

## Funding rounds

- Series B, Jan 10, 2022, $9.2M — SBI Investment Korea, Hana Bank, Korea Development Bank, Innopolis Partners, Industrial Bank of Korea, The Wells Investment, IBK Capital, NICE Investment Partners, NH Venture Investment
- Series A, Jul 21, 2020, $3.7M — SBI Investment Korea, CKD Venture Capital, Korea Credit Guarantee Fund
- Seed, May 1, 2020 — Impact Partners

## Investors

- Impact Partners — Seed
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A, Series B
- CKD Venture Capital (https://capitalatlas.ai/funds/ckd-venture-capital) — Series A
- Korea Credit Guarantee Fund — Series A
- Hana Bank — Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Innopolis Partners (https://capitalatlas.ai/funds/innopolis-partners) — Series B
- Industrial Bank of Korea — Series B
- The Wells Investment (https://capitalatlas.ai/funds/the-wells-investment) — Series B
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series B
- NICE Investment Partners (https://capitalatlas.ai/funds/nice-investment-partners) — Series B
- NH Venture Investment (https://capitalatlas.ai/funds/nh-venture-investment) — Series B