# LOON SHOT

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loon-shot

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.loonshot.company
- Latest round: Seed (Aug 1, 2022)
- Investors on record: 2

## About

Loonshot Company, based in Seoul, South Korea, is an innovative platform provider specializing in outdoor and camping solutions, aiming to enhance users' experiences in nature through unique offerings.Founded in 2021 by Jung-wan Hong, Loonshot Company operates as a platform for outdoor enthusiasts, with its headquarters in Seoul, South Korea. The company has successfully secured two deals, the most recent being on August 1, 2022, showcasing its commitment to expanding its reach and services.Loonshot Company Inc. specializes in online platform solutions, particularly in the outdoor and camping sectors. Its core products include Cambak, facilitating camping vehicle rentals in partnership with over 60 rental companies across South Korea, and Turtlz, an e-commerce platform dedicated to camping gear catering to diverse customer needs, including 7 million campers in South Korea.In 2021, Loonshot Company Inc. reported revenue of USD 0, as its platforms operate on transaction-based models, generating income through rental fees and sales of camping gear without disclosing specific financial metrics.Loonshot Company plans to leverage recent funding raised in August 2022 from Korea Tech Incubator for Startup and Kakao Ventures to enhance product development and market expansion. Although specific new products have not been detailed, the focus will be on broadening the reach of Cambak and Turtlz in South Korea and potentially exploring international markets, aligning with the growing interest in outdoor activities.

## Funding rounds

- Seed, Aug 1, 2022 — Kakao Ventures, Korea Tech Incubator for Startup
- Seed, May 18, 2022 — Kakao Ventures

## Investors

- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Seed
- Korea Tech Incubator for Startup — Seed