# Ground X

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ground-x

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.groundx.xyz
- Total disclosed funding: $27M
- Latest round: Series B (Jan 1, 2023)
- Investors on record: 1

## About

Based in South Korea, Ground X operates as a blockchain technology provider, delivering innovative solutions that enhance operational efficiency across various sectors.Ground X is a blockchain technology company based in Seoul, South Korea, focused on providing advanced digital solutions. The company has not undergone significant strategic changes since its inception. It is known for its five notable deals, with the most recent funding round being a Series B in January 2023, where it raised KRW 13 billion from Krust Universe, bringing its total amount raised to KRW 13 billion. Founded by a team of experienced entrepreneurs, Ground X has established itself as a key player in the blockchain market.Ground X specializes in innovative digital solutions aimed at enhancing the efficiency of various sectors through its core offerings. The company provides advanced software platforms designed for data analysis, streamlining operations, and improving decision-making processes for businesses. These platforms cater to clients across multiple industries, including finance, healthcare, and logistics, addressing specific challenges such as data management and operational inefficiencies. The company's products have been deployed in key markets, including North America, Europe, and parts of Asia, establishing a diverse client base composed of corporations, small to medium-sized enterprises, and governmental organizations. Ground X's commitment to user-centric design ensures that their solutions not only meet the immediate needs of their users but also adapt to evolving industry demands.In 2023, Ground X reported a revenue of KRW 26,198,354.30, with an EBITDA of KRW 13,280,001.10. The company generates revenue primarily through subscription-based models and direct business-to-business transactions. Clients engage with the company through tailored service agreements, often structured around annual or multi-year subscriptions that provide access to their software solutions and ongoing support. The pricing strategy encompasses various tiers, allowing businesses to select plans that align with their operational scale and requirements. One of the flagship offerings, which includes extensive data analytics capabilities, is priced to reflect its premium value in optimizing client workflows. This structured approach facilitates sustainable revenue streams while ensuring clients receive continuous updates and enhancements to their services, fostering long-term partnerships.In January 2023, Ground X raised KRW 13 billion in Series B funding from Krust Universe. The company plans to utilize the recent funding to support the development and launch of new products aimed at enhancing its service offerings. Ground X is also targeting expansion into new markets, focusing on opportunities in Southeast Asia and Europe by the end of 2024, leveraging its existing technology and expertise to penetrate these regions effectively.

## Funding rounds

- Series B, Jan 1, 2023, $10M — Krust Universe
- Series B, Mar 1, 2022, $16M — Krust Universe

## Investors

- Krust Universe (https://capitalatlas.ai/funds/krust-universe) — Series B