# Korea Senior Lab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/korea-senior-lab

- Industry: Healthcare IT
- Headquarters: Seoul, South Korea
- Website: www.kslab.co.kr
- Total disclosed funding: $9.7M
- Latest round: Series A (Oct 25, 2021)
- Investors on record: 5

## About

Based in South Korea, Korea Senior Lab.Co., Ltd. focuses on delivering innovative technological solutions in the healthcare and laboratory sectors, enhancing efficiency and accuracy for its diverse clientele.Founded in 2019 and headquartered in Seoul, South Korea, Korea Senior Lab.Co., Ltd. specializes in advanced healthcare solutions. The company was established by Jin-yeol Lee, who also serves as the CEO. In October 2021, KSLab raised KRW 11 billion in Series A funding led by SBVA, with participation from Guardian Fund, Hashed Ventures, and Spring Camp, marking a significant milestone in its growth trajectory.KSLab specializes in providing advanced technological solutions focused on the healthcare and laboratory sectors. Their core product offerings are designed to enhance laboratory efficiency and accuracy, specifically through innovative software and hardware solutions that streamline data management and analysis. These products address critical challenges such as data integrity, workflow optimization, and compliance with industry standards, significantly improving the end-users’ operational capabilities. KSLab primarily serves hospitals, research institutions, and diagnostic laboratories, catering to a diverse client base that relies on precise and reliable laboratory results. The company's products are marketed in various geographical areas, including North America, Europe, and parts of Asia, thus broadening their reach and impact in the global market.KSLab generates revenue through a combination of direct sales and service contracts with its clients in the healthcare and laboratory sectors. The revenue structure typically includes partnerships with healthcare institutions where KSLab provides both software solutions and ongoing technical support, ensuring clients achieve optimal use of their products. Transactions often involve long-term agreements where clients pay for software licenses and receive additional services, creating a stable revenue stream for the company. The flagship products, known for their high reliability and specificity, contribute to a robust pricing strategy that reflects the value provided to clients. Revenue is further enhanced through subscription models that offer regular updates and professional support, allowing clients to maintain compliance and operational efficiency in their laboratory environments.In October 2021, Korea Senior Lab.Co., Ltd. raised KRW 11 billion in Series A funding led by SBVA, which will be utilized to develop a digital log model tailored for the senior market. This new model aims to digitize non-face-to-face operations in nursing home services and expand the company's coverage to a nationwide scale. KSLab is targeting growth into new markets across Asia and plans to roll out its innovative solutions by the end of 2023.

## Funding rounds

- Series A, Oct 25, 2021, $9.3M — SBVA, Spring Camp, Hashed Ventures, Guardian Fund
- Seed, Jan 2, 2020, $0.3M — BonAngels Venture Partners, Spring Camp

## Investors

- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed
- Spring Camp (https://capitalatlas.ai/funds/spring-camp) — Seed, Series A
- SBVA (https://capitalatlas.ai/funds/sbva) — Series A
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Series A
- Guardian Fund — Series A