# MayCoders

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

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.maycoders.com
- Total disclosed funding: $0.4M
- Latest round: Seed (Feb 1, 2022)
- Investors on record: 2

## About

Founded in 2019 and based in Daejeon, South Korea, MayCoders is a code engineering company that targets the vertical brand supply market, building platforms that utilize local data and AI to connect manufacturers and global buyers as well as K-beauty users. In January 2022 MayCoders attracted 450 million won in seed investment from Kakao Ventures. The company currently runs an e-com platform for manufacturers and buyers in the Philippines and Korea. 

Maycoders has successfully developed and operated the B2B e-com platform SEOUL4PM, which runs transactions between local distributors and manufacturers in the Philippines and Korea. Local sellers recommend target products based on local data, design them, and request sampling from manufacturers. Users receive images and videos of finished cosmetics synthesized using AI.

Through SEOUL4PM, Maycoders achieved 1 billion won in revenue, one year after founding. SEOUL4PM also has a monthly trading volume of 100 million won.  

The company is currently developing a bigger platform, MAYK, a K-beauty digital factory through which global buyers from around the world can request manufacturing from Korean cosmetic manufacturers based on the selection of ingredients, capacity, and container design. Another project is Chingu, an online review community. Maycoders plans to expand its existing distribution network to 6 ASEAN countries and the North American market. It also plans on expanding the manpower required for MAYK development.

## Funding rounds

- Seed, Feb 1, 2022 — Kakao Ventures, Korea Tech Incubator for Startup
- Seed, Jan 24, 2022, $0.4M — Kakao Ventures

## Investors

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