# Mapsea

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

- Industry: Software
- Headquarters: Busan, South Korea
- Website: www.mapseacorp.com
- Total disclosed funding: $0.4M
- Latest round: Series A (Feb 14, 2022)
- Investors on record: 4

## About

Based in Busan, South Korea, and founded in 2020, Mapsea operates as a developer of a mobile navigation application that utilizes augmented reality technology and provides information on nearby obstacles, ship identification systems, radars, and vessel crew. In February 2022, Mapsea raised KRW 500 million in series B funding from Gyeongnam Creative Economy Innovation Center, Korea Credit Guarantee Fund, etc. In August 2023, Mapsea raised KRW 300 million in venture funding from new investors Magna Investments    
and Hana Securities. As of January 2023, Jisoo Kim is the Chief Executive Officer (CEO) of the company. Mapsea is a public infrastructure project (CSR) that is working to improve the marine environment while developing the navigational AR system for ship operations and specialized marine drones.  By doing so, the ocean's utility is directed back towards improving its ecosystem through IT, which connects humanity and the sea and ensures a clear sea with a stable future as an industry.

## Funding rounds

- Series A, Feb 14, 2022, $0.4M — Merry Year Social Company, Korea Credit Guarantee Fund, Korea SMEs and Startups Agency, Gyeongnam Creative Economy Innovation Center

## Investors

- Merry Year Social Company (https://capitalatlas.ai/funds/merry-year-social-company) — Series A
- Korea Credit Guarantee Fund — Series A
- Korea SMEs and Startups Agency — Series A
- Gyeongnam Creative Economy Innovation Center (https://capitalatlas.ai/funds/gyeongnam-creative-economy-innovation-center) — Series A