# Innerbottle

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

- Industry: Consumer Products
- Headquarters: Seongnam, South Korea
- Website: www.innerbottle.com
- Latest round: Seed (Nov 1, 2018)
- Investors on record: 2

## About

Innerbottle is a packaging technology company that specializes in eco-friendly solutions, focusing on efficient product usage to minimize waste across various industries.Founded in 2017 in Seongnam, South Korea, Innerbottle develops innovative packaging solutions utilizing proprietary technology. The company has undergone significant strategic focuses to enhance eco-friendliness in product usage. CEO Steve Oh leads the firm, which has successfully completed one funding deal, with the most recent funding round occurring on November 1, 2018.Innerbottle specializes in innovative packaging solutions that emphasize eco-friendliness and efficient product usage. The company's core product is its proprietary Innerbottle technology, which utilizes a specially formulated polymer designed to minimize product residue and waste. Unlike conventional dispensers that can leave up to 25% of contents unused, Innerbottle ensures less than 1% residue, allowing consumers to utilize products to their very last drop. This technology is applicable to a variety of outer packaging materials, making it versatile for different sectors, including cosmetics, food, and household products. Innerbottle's offerings aim to enhance customer satisfaction and reduce environmental impact, serving a diverse client base that includes manufacturers and retailers across North America, Europe, and Asia.Innerbottle generates revenue through direct sales of its packaging solutions to manufacturers and retailers, facilitating business-to-business transactions. The company’s pricing structure is determined by the scale of orders, with potential partnerships established for bulk purchases or long-term collaborations. Revenue streams may also include customized solutions tailored to specific client needs, enhancing the value proposition for businesses seeking innovative packaging. The flagship Innerbottle technology represents a significant aspect of their product line, contributing to revenue through its unique benefits of reduced waste and improved user experience. Such transactions typically involve negotiated agreements based on the requirements and volume of the products being ordered, fostering ongoing relationships with clients.Innerbottle plans to leverage its recent seed funding led by Bluepoint Partners and Korea Tech Incubator for Startup to support the development of new products aimed at further reducing waste. The company is targeting expansion into additional markets in Europe and Asia by the end of 2023. The funding will be utilized to enhance R&D capabilities, enabling the launch of innovative packaging solutions that align with the company's eco-friendly mission.

## Funding rounds

- Seed, Nov 1, 2018 — Bluepoint Partners, Korea Tech Incubator for Startup

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- Korea Tech Incubator for Startup — Seed