# GREENBIO

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

- Industry: Environmental Services
- Headquarters: Gwangju, South Korea
- Website: www.greenbiosystem.com
- Total disclosed funding: $8.1M
- Latest round: Series A (May 1, 2021)
- Investors on record: 8

## About

Based in Gwangju, South Korea, and founded in 2016, Green Bio Co.,Ltd. is an eco-friendly material company developing environmentally safe biodegradable resin products. In June 2021, GREENBIO Corp raised KRW 9 billion in series A funding from new investors Be High Investment, IBK Capital, ID Ventures, Korea Asset Investment Securities, Magna Investments, ROWE Partners, Shinhan Asset Management, and many others. The partner base of the company includes Samsung, Lotteria, 7-Eleven, and many more.

The company offers biodegradable polymer-based eco-friendly products to replace plastic. The product base of the company includes a biodegradable bag, lunch box, straw, transparent cup, cutlery set, bowl, roll back, and agricultural mulching film. There are three manufacturing plants located in Hampyeong that engage in the production of biodegradable plastic products.

## Funding rounds

- Series A, May 1, 2021, $8.1M — Shinhan Asset Management, Smilegate Investment, ID Ventures, Magna Investment, IBK Capital, Be High Investment, Korea Asset Investment Securities, ROWE Partners

## Investors

- Shinhan Asset Management (https://capitalatlas.ai/funds/shinhan-asset-management) — Series A
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- ID Ventures (https://capitalatlas.ai/funds/id-ventures) — Series A
- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Series A
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series A
- Be High Investment (https://capitalatlas.ai/funds/be-high-investment) — Series A
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A
- ROWE Partners (https://capitalatlas.ai/funds/rowe-partners) — Series A