# Madras Check

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/madras-check

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.flow.team
- Total disclosed funding: $5.9M
- Latest round: Series B (Sep 13, 2021)
- Investors on record: 2

## About

Based in South Korea, Madras Check provides an all-in-one collaboration platform designed to enhance workflow efficiency for organizations by integrating project management, communication, and goal management features.Madras Check, founded in 2015 in Seoul, South Korea, specializes in collaboration tools. The company has successfully completed 2 deals, with the most recent being a Series B round in September 2021, raising KRW 5 billion from BNK Securities. Harry Lee serves as both the founder and CEO, leading the company through its strategic growth initiatives.FLOW.team specializes in delivering an all-in-one collaboration tool designed to enhance workflow efficiency for various organizations. The core product offering integrates project management, messaging, community features, and OKR (Objectives and Key Results) goal management into a single platform. This solution addresses challenges such as excessive meetings, inefficient task management, and fragmented communication that many teams experience. FLOW.team’s user-friendly interface allows teams to automate task deadlines, track progress, and prioritize workloads effectively, enhancing productivity across sectors such as finance, education, and retail. The company's services cater to clients in multiple geographical markets, specifically targeting businesses in South Korea and expanding into global markets, including the Americas and Europe, as indicated by collaborations with companies across 55 countries.FLOW.team generates revenue primarily through subscription models tailored to businesses of various sizes, including small to medium enterprises and larger corporations. Clients typically engage with the platform through tiered pricing plans that offer different levels of service and feature access, which may include options for customized enterprise solutions. The transactions structure is predominantly B2B, where organizations subscribe to the service on a monthly or annual basis, gaining access to project management tools, communication capabilities, and analytics. Specific revenue figures or pricing details are proprietary; however, the services are marketed as a comprehensive package designed to streamline business operations and enhance productivity for diverse client bases.In September 2021, Madras Check raised KRW 5 billion in Series B funding from BNK Securities. The investment will support the upgrading of its core technology and help diversify domestic and overseas sales and marketing channels. The company aims to expand into new markets in the Americas and Europe, enhancing its presence by leveraging recent funding to facilitate these initiatives.

## Funding rounds

- Series B, Sep 13, 2021, $4.3M — BNK Securities
- Series A, Jun 11, 2020, $1.6M — Hana Ventures

## Investors

- Hana Ventures — Series A
- BNK Securities (https://capitalatlas.ai/funds/bnk-securities) — Series B