# Ggumim

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

- Industry: Forestry & Timber
- Headquarters: Seoul, South Korea
- Website: www.ggumim.co.kr
- Total disclosed funding: $5.7M
- Latest round: Series B (Mar 2, 2021)
- Investors on record: 4

## About

Based in South Korea, Ggumim focuses on developing innovative products that enhance operational efficiency across various sectors, catering primarily to industrial and commercial markets.Ggumim, founded in 2014 in Seoul, South Korea, specializes in advanced operational solutions. The company does not have reported subsidiaries or parent firms. The CEO, Gyeonghwan Gil, has previously founded other companies. Notably, Ggumim raised KRW 6.5 billion in SERIES B funding on March 2, 2021, from investors including Atinum Investment, Breeze Investment, Premier Partners, and WOOMI CONSTRUCTION Co.,Ltd. This funding round represents the total amount raised to date, with the company having completed two deals in total.Ggumim specializes in a range of innovative products designed for diverse sectors. Their core offerings focus on advanced solutions that enhance operational efficiency and user experience, addressing specific challenges faced by clients. These products are engineered for high performance in environments requiring reliability and precision, primarily serving industrial and commercial markets. Their client base spans manufacturers, service providers, and retailers, particularly across Asia, North America, and Europe, indicating a broad geographical reach. Their flagship products are known for optimizing processes and solving critical operational issues for users.Ggumim's revenue structure is based on direct sales and partnerships with key distributors, facilitating a robust flow of transactions. Sales predominantly occur in a B2B environment, where clients purchase products as standalone solutions or integrated service packages. Transactions involve negotiated contracts outlining specific pricing and delivery terms, ensuring tailored solutions for operational needs. The firm has established a reputation for competitive pricing in its flagship offerings, aimed at providing value and efficiency to businesses across various sectors, with a strategic approach to client engagement that fosters long-term relationships.Ggumim plans to utilize the recent SERIES B funding of KRW 6.5 billion to support various strategic initiatives. This includes the design and launch of upcoming new products, with specific details on release dates pending. The company is also targeting expansion into new markets, particularly focusing on deeper penetration in North America and Europe by 2023. The funding will enhance their capabilities to support these initiatives and further develop their product offerings.

## Funding rounds

- Series B, Mar 2, 2021, $5.7M — Atinum Investment, Premier Partners, Breeze Investment, WOOMI CONSTRUCTION Co.,Ltd.

## Investors

- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series B
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series B
- Breeze Investment (https://capitalatlas.ai/funds/breeze-investment) — Series B
- WOOMI CONSTRUCTION Co.,Ltd. — Series B