# MADDE

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

- Industry: Industrial Machinery
- Headquarters: Seoul, South Korea
- Website: www.madde.co.kr
- Total disclosed funding: $7.8M
- Latest round: Series A (Apr 15, 2025)
- Investors on record: 6

## About

Founded in 2023 and based in Seoul, South Korea, MADDE Inc. provides silicon carbide parts for the semiconductor, nuclear, and space industries. As of 2023, the company is headed by its CEO Shinhu Cho. In October 2023, the firm raised KRW 2.6 billion in pre-series A funding from investors DSC Investment, Etri Holdings, Hyundai Motor Company, and Schmidt.

The company targets the semiconductor components market by providing silicon carbide (SiC) based parts manufacturing technology using 3D printers. Complex shapes can be made with silicon carbide, which is stronger in high-temperature and high-voltage settings and uses less power, thereby cutting down on production time and expense.

The company plans to use the October 2023 funding to build a silicon carbide 3D printing pilot line.

## Funding rounds

- Series A, Apr 15, 2025, $7.8M — InterVest, Atinum Investment, DSC Investment, Company K Partners, Schmidt, Hyundai Motor Securities

## Investors

- InterVest (https://capitalatlas.ai/funds/intervest) — Series A
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Series A
- Hyundai Motor Securities — Series A