# Mcell Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mcell-co

- Industry: Consumer Products
- Headquarters: Seongnam-si, South Korea
- Website: www.mcell.co.kr
- Latest round: Seed (Jun 1, 2017)
- Investors on record: 2

## About

Based in South Korea, Mcell Co., Ltd. specializes in advanced heating solutions, particularly through their innovative product HEAT FLEX, catering to diverse industries with efficient energy technologies.Mcell Co., Ltd., founded in 2015, is based in Seongnam-si, South Korea, where it focuses on the development and manufacturing of advanced heating solutions. The company has successfully completed 3 deals, with its most recent deal occurring on October 15, 2021. The CEO, Seunghyun Jee, has led the company in building its reputation in the heating technology sector.Mcell specializes in the development and manufacturing of advanced heating solutions, focusing primarily on their flagship product, HEAT FLEX. This innovative smart heating fiber utilizes a unique carbon nanotube ink technology that effectively overcomes the limitations of traditional film-based heating methods. HEAT FLEX is designed to deliver rapid heating and precise temperature maintenance, making it particularly suitable for use in mobility, wearables, fashion, and home living applications. The company has established a robust client base that spans various industries, providing high-quality, flexible energy solutions to customers in North America, Europe, and Asia. Mcell’s products are characterized by their lightweight and thin structures, allowing for diverse applications across different surface contours, thereby enhancing energy efficiency and safety.Mcell’s revenue model is structured around B2B transactions, engaging directly with industrial clients and manufacturers. The company generates income through the sale of its proprietary heating technology, such as HEAT FLEX, to various sectors that value high-efficiency energy solutions. Transactions typically occur through direct orders and partnerships, with clients placing bulk orders based on specific project needs. This approach enables Mcell to maintain a consistent revenue stream while catering to the demands of its customer base. The company’s commitment to quality is evidenced by its ISO 9001 certification, ensuring products meet stringent international quality management standards, which in turn builds client trust and loyalty.In October 2021, Mcell Co., Ltd. raised an undisclosed amount in venture funding from HUVIS GLOBAL CORPORATION. This investment will help Mcell maximize the technological synergy of the two companies and leverage HUVIS GLOBAL CORPORATION's extensive sales network. The company plans to enhance its product offerings, including the launch of new innovations in heating technology. Additionally, Mcell aims to expand its market reach in North America and Europe by the end of 2023, targeting new partnerships and customer segments.

## Funding rounds

- Seed, Jun 1, 2017 — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed