# HRM Corporation

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

- Industry: Environmental Services
- Headquarters: Goyang, South Korea
- Website: www.hanvitcorp.com
- Total disclosed funding: $14M
- Latest round: Series A (May 26, 2022)
- Investors on record: 5

## About

Based in Goyang, South Korea, and founded in 2016 headed by Seong-chan Ahn (CEO), HRM Corporation also known as HRM also known as Hanvit resource management is an IT-based environmental company that primarily engages in circular recycling and distribution of raw materials. The firm also provides IT digitization solutions, and logistics services for its customers. In May 2022, HRM Corporation raised KRW 18 billion in series A funding led by new investor Stonebridge. New investors Hana Financial Investment, Korea Credit Guarantee Fund, POSCO Capital, and Seoul Investment Partners.

The company operates through 3 businesses, namely the circular resources business, the platform business, and the logistics business. The circular resources segment of the firm engages in the recycling and export/import/ trilateral trade of recycled paper, plastic, and non-ferrous metals and scraps, whereas its platform business helps customers with a digital solution named ECOYA, a CTM logistics system that enables enterprises to access to blockchain-based, traceable, and measurable big data of their entire recycling chain. Through the logistics business, the company offers warehousing/storage services, container loading services, and stock management services for its customers.

The company generated KRW 316 million in net sales in 2020.

The May 2022 investment will help HRM Corporation develop a recycling resource data platform and a waste collection service for companies that dispose of waste.

## Funding rounds

- Series A, May 26, 2022, $14M — Seoul Investment Partners, Posco Investment, Hana Securities, Korea Credit Guarantee Fund, Stonebridge Ventures

## Investors

- Seoul Investment Partners (https://capitalatlas.ai/funds/seoul-investment-partners) — Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- Korea Credit Guarantee Fund — Series A
- Stonebridge Ventures — Series A