# iTruck Co.

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

- Industry: Retail
- Headquarters: Seoul, South Korea
- Website: www.itruck.co.kr
- Total disclosed funding: $7.3M
- Latest round: Series A (Jun 17, 2024)
- Investors on record: 7

## About

Founded in 2020 and based in Seoul, South Korea, iTruck Co., Ltd. operates as an auto dealer for used trucks. Jeong Hye-in is the founder and as of January 2023, he serves as the CEO of the company. In August 2024, iTruck Co., Ltd. raised KRW 8 billion in series A funding from returning investors Stonebridge Ventures, Hankook & Company, and Woori Venture Partners. New investors PathfinderH and Seoul Business Agency also participated in this round.

The company offers iTruck, an online marketplace for buying and selling secondhand commercial trucks. Through the firm's mobile platform, clients can get information about trucks. Cargo, wing/body top, dump/construction, crane, tank/grain, waste/food, live fishing, bus, camper, trailer, and tractor are a few of the used vehicles available on iTruck. The organisation plans to use the June 2022 funding to upgrade its services.

The company plans to use the August 2024 funding to improve its technology and customer service by launching certified commercial vehicles and collaborating with other companies in the mobility sector.

## Funding rounds

- Series A, Jun 17, 2024, $5.8M — WOORI Venture Partners, Seoul Investment Promotion Agency, Pathfinder H, Stonebridge Ventures, Hankook & Company
- Series A, Jun 3, 2022, $1.6M — AJU IB Investment, WOORI Venture Partners, Stonebridge Ventures
- Seed, Mar 31, 2021 — POSTECH Holdings

## Investors

- POSTECH Holdings (https://capitalatlas.ai/funds/postech-holdings) — Seed
- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series A
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A
- Stonebridge Ventures — Series A
- Seoul Investment Promotion Agency — Series A
- Pathfinder H (https://capitalatlas.ai/funds/pathfinder-h) — Series A
- Hankook & Company — Series A