# LiBEST

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

- Industry: Energy Storage & Batteries
- Headquarters: Daejeon-City, South Korea
- Website: www.libest.co
- Total disclosed funding: $13M
- Latest round: Series B (Jul 27, 2021)
- Investors on record: 10

## About

Based in Daejeon, South Korea, and founded in 2017, LiBEST Inc.is a battery solution specialist company. The company was first called Wearable Tech but after establishing its lithium-ion battery pilot production line in November 2016, the company was established with the name LiBEST Inc. In 2020, the company received the Innovation Award in the Tech for a Better World category at CES 2020 and also received the Prime Minister's Award at the 2020 Korea Impact Tech Technology Awards. 

The company develops the technology and manufactures Flexible Battery, a Lithium-Ion Polymer battery with high capacity solid cylindrical or rectangular casings, and ARTENIX Charging Band, a wireless charger worn on the wrist.

LiBEST Inc. will continue to expand the applications of the flexible battery, provide new form factors to support the development of new kinds of devices and to accelerate the era of wearables.

## Funding rounds

- Series B, Jul 27, 2021, $8.7M — Posco Investment, KB Securities, S-Oil Corporation, UNID CO.,LTD
- Series A, Jun 1, 2020 — SEMA Translink Investment, UNID CO.,LTD
- Series A, Jun 1, 2019, $4.2M — Korea Development Bank, Posco Investment, Simone Investment Managers, Holistic Growth Initiative, SEMA Translink Investment, S-Oil Corporation
- Seed, Jul 1, 2017 — FuturePlay, Korea Tech Incubator for Startup
- Seed, Jun 1, 2017 — FuturePlay

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A, Series B
- Simone Investment Managers (https://capitalatlas.ai/funds/simone-investment-managers) — Series A
- Holistic Growth Initiative (https://capitalatlas.ai/funds/holistic-growth-initiative) — Series A
- SEMA Translink Investment — Series A
- S-Oil Corporation — Series A, Series B
- UNID CO.,LTD — Series A, Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B