# Humaster Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/humaster-co

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Seoul, South Korea
- Website: www.hu-master.com
- Total disclosed funding: $1.9M
- Latest round: Series A (Mar 23, 2021)
- Investors on record: 2

## About

Based in Seoul, South Korea, and founded in 2018, Humaster Co., Ltd. operates as a manufacturer of polymer absorption materials that aims to regulate and dehumidify air moisture in residential and production environments. As of 2023, the company is headed by its CEO Lee Dae-young. In March 2021, Humaster Co., Ltd. raised KRW 2.2 billion in series A funding from Shinhan Asset Management and ARK Impact Asset Management. The company offers engineering technology that absorbs polymer moisture and desorption materials. The company offers a wide range of humicon such as HCR-350E, HCR-500E, HCR-800E, and HCR-1200E. Additionally, the firm also provides consumer fuze sheets, sheets for mattresses, moisture control sheets for museums, and huseat for consumers. Furthermore, the company provides anti-condensation dehumidifying sheets for packaging. The company plans to allocate the March 2021 funds toward paying for facility expenses and broadening the market reach of its air conditioning technology.

## Funding rounds

- Series A, Mar 23, 2021, $1.9M — Shinhan Asset Management, ARK Impact Asset Management

## Investors

- Shinhan Asset Management (https://capitalatlas.ai/funds/shinhan-asset-management) — Series A
- ARK Impact Asset Management — Series A