# LDC Co.

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

- Industry: Environmental Services
- Headquarters: Seoul, South Korea
- Website: www.ldcarbon.co.kr
- Total disclosed funding: $43M
- Latest round: Series C (Jun 19, 2024)
- Investors on record: 10

## About

Founded in 2017, and based in Seoul, South Korea, LDC Co., Ltd. operates as a waste recycling company that is focused on recycling resource materials (Green Carbon Black, pyrolysis oil, and waste tires). In June 2024, LDC raised KRW 40 billion in series C funding led by new investor Woven Capital Management Company. New investors Meritz Securities, Investwith, Industrial Bank of Korea, ZER01NE Ventures, Hyundai Motor Company, New MainStream Capital, and returning investor Elohim Partners also participated in this round.

The company provides GCB (Green Carbon Black), which can be continuously recycled by manufacturing carbon black from waste tyres and using it as a raw material for tires and rubber products. GCC (Green Carbon Char) is a solid fuel product (SRF) that is processed through anaerobic pyrolysis using waste tyres as raw materials.

The firm also provides P-Oil, an oil manufactured through thermal decomposition using waste tyres as raw materials, and LDRP is an eco-friendly asphalt modifier (PG 76-22), which is a recycled resource material obtained by crushing waste tyres into fine powder.

LDC plans to use the June 2024 funding to build new resource circulation and pyrolysis technology facilities and to supply its products to the tire and automobile industry.

## Funding rounds

- Series C, Jun 19, 2024, $29M — Meritz Securities, NMS Capital, Industrial Bank of Korea, Hyundai Motor Company, ZER01NE Ventures, Woven Capital Management Company, Elohim Partners
- Seed, Aug 16, 2022, $14M — Korea Investment & Securities, ValueSystem Investment Management, Pentastone Investment, Elohim Partners

## Investors

- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Seed
- ValueSystem Investment Management — Seed
- Pentastone Investment (https://capitalatlas.ai/funds/pentastone-investment) — Seed
- Elohim Partners (https://capitalatlas.ai/funds/elohim-partners) — Seed, Series C
- Meritz Securities — Series C
- NMS Capital (https://capitalatlas.ai/funds/nms-capital) — Series C
- Industrial Bank of Korea — Series C
- Hyundai Motor Company — Series C
- ZER01NE Ventures (https://capitalatlas.ai/funds/zer01ne-ventures) — Series C
- Woven Capital Management Company (https://capitalatlas.ai/funds/woven-capital-management-company) — Series C