# Gluup

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

- Industry: Food
- Headquarters: Seoul, South Korea
- Website: www.gluup.co.kr
- Total disclosed funding: $22M
- Latest round: Series C (Jun 1, 2021)
- Investors on record: 13

## About

Based in Seoul, South Korea, and founded in 2018, Gluup Corporation operates as a food and beverage brand commerce company. In April 2023, Gluup raised KRW 1 billion in growth capital funding from new investor KB Securities. As of July 2023, the company is being led by its CEO, Gyeongjun Park, and offers its services in the United States, Australia, Japan, Taiwan, Thailand, Vietnam, and Hong Kong.

Gluup operates more than 200 online and offline brands in the ready-made meal replacement, restaurant, coffee shop, supplement, and other sectors along with its subsidiaries and affiliated companies. Gluup owns and manages its subsidiaries such as 10000LAB COFFEE (Coffee shop), 10000 TEN THOUSAND (Coffee Shop), and IRON GUYS (Korean Steak & BBQ). Moreover, the firm assists and assists startups and companies to start their businesses and helps in their marketing activities.

Gluup plans to use the April 2023 funds to target different sectors in the food industry such as health functional food and dietary supplement.

## Funding rounds

- Series C, Jun 1, 2021, $9.6M — UTC Investment, KT&G Corporation, Moru Asset Management, Korea Asset Investment Securities, Lotte Ventures, Korea Venture Investment Corporation
- Series B, Mar 10, 2020, $9.7M — Hanwha Investment & Securities, SK Securities, We Venture Partners, Wadiz Partners, Korea Asset Investment Securities, ATP Ventures, GBK Investment
- Series A, Dec 20, 2019, $2.6M — Industrial Bank of Korea, UTC Investment

## Investors

- Industrial Bank of Korea — Series A
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series A, Series C
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series B
- SK Securities — Series B
- We Venture Partners (https://capitalatlas.ai/funds/we-venture-partners) — Series B
- Wadiz Partners (https://capitalatlas.ai/funds/wadiz-partners) — Series B
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series B, Series C
- ATP Ventures (https://capitalatlas.ai/funds/atp-ventures) — Series B
- GBK Investment — Series B
- KT&G Corporation — Series C
- Moru Asset Management — Series C
- Lotte Ventures (https://capitalatlas.ai/funds/lotte-ventures) — Series C
- Korea Venture Investment Corporation (https://capitalatlas.ai/funds/korea-venture-investment-corporation) — Series C