# FREECO

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.freeco.jp
- Total disclosed funding: $1.9M
- Latest round: Series A (Jan 11, 2023)
- Investors on record: 2

## About

FREECO, based in South Korea, is a technology-driven company specializing in beauty solutions, enhancing the cosmetics shopping experience through innovative applications and personalized recommendations.Founded in 2020 in Seoul, South Korea, FREECO focuses on developing advanced beauty technology solutions. The company recently completed its Series A funding round in January 2023, raising KRW 2.3 billion led by TBT Partners, with participation from Amorepacific Group. Founder details are currently unavailable.FREECO's core product, Checco, is an innovative cosmetics application that enhances the beauty shopping experience. It utilizes advanced AI skin diagnostics to analyze users' skin types and conditions, providing personalized recommendations from a database of approximately 150,000 cosmetic products, focusing on ingredient transparency and tailored suggestions.While specific revenue details for FREECO are not publicly available, the company likely generates revenue through partnerships with cosmetic brands, direct-to-consumer sales, and advertising services, including sponsored content related to user reviews and expert articles.In January 2023, FREECO raised KRW 2.3 billion in Series A funding, which will be utilized to enhance its Checco beauty platform. The company is focused on upgrading the app's functionality and exploring expansion opportunities in new markets and regions. Specific expansion targets and timelines have not been disclosed.

## Funding rounds

- Series A, Jan 11, 2023, $1.9M — TBT Partners, Amorepacific Holdings

## Investors

- TBT Partners (https://capitalatlas.ai/funds/tbt-partners) — Series A
- Amorepacific Holdings — Series A