# Maxst

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.maxst.com
- Total disclosed funding: $6.9M
- Latest round: Series B (Sep 7, 2019)
- Investors on record: 9

## About

Based in South Korea, Maxst is an augmented reality technology company that specializes in delivering advanced software solutions for immersive AR experiences across various applications and industries.Founded in 2010 and headquartered in Seoul, South Korea, Maxst develops augmented reality technologies aimed at enhancing user interaction through its software solutions. The company has engaged in 5 investment deals, with the most recent funding round being a PIPE in July 2021, where they raised KRW 2 billion, led by DoubleU Games. The founder, Minsu Kang, has a background in tech entrepreneurship, contributing to the company's strategic direction.Maxst specializes in augmented reality (AR) technologies, offering a comprehensive AR SDK that enhances the development of AR applications. Their core solutions include tracking capabilities such as Image Tracker, Instant Tracker, Object Tracker, and QR Code Tracker. These technologies cater to multiple industries, improving operational efficiencies and user engagement, with applications in marketing, education, and industrial operations. Maxst's products are utilized across diverse markets, including South Korea, Japan, the United States, and various European countries, serving a wide range of clients, from enterprises to individual developers.In the most recent year, 2024, Maxst reported a revenue of KRW 27,271,916.10 and an EBITDA of -KRW 12,003,517.70, indicating the financial performance of the company during this period.Maxst intends to leverage its recent funding of KRW 15 billion secured in July 2021 to enhance its product offerings and expand its market presence. The company is currently working on new AR solutions aimed at launching in late 2024, targeting additional markets in North America and Europe for expansion. This strategic approach aims to increase their client base and integrate their technologies into a wider array of application sectors.

## Funding rounds

- Series B, Sep 7, 2019, $3.4M — HL Mando Corp., Partners Investment, Hana Securities, Yuanta Securities Korea
- Series A, Aug 4, 2017, $2.7M — InterVest, L&S Venture Capital, AG Investment
- Seed, May 10, 2016, $0.9M — L&S Venture Capital, Hyundai Motor Company, DS Asset Management

## Investors

- L&S Venture Capital (https://capitalatlas.ai/funds/l-s-venture-capital) — Seed, Series A
- Hyundai Motor Company — Seed
- DS Asset Management (https://capitalatlas.ai/funds/ds-asset-management) — Seed
- InterVest (https://capitalatlas.ai/funds/intervest) — Series A
- AG Investment (https://capitalatlas.ai/funds/ag-investment) — Series A
- HL Mando Corp. — Series B
- Partners Investment (https://capitalatlas.ai/funds/partners-investment) — Series B
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series B
- Yuanta Securities Korea (https://capitalatlas.ai/funds/yuanta-securities-korea) — Series B