# MHS Co.

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

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Seoul, South Korea
- Website: www.mhs-heatsink.co.kr/
- Total disclosed funding: $5M
- Latest round: Series A (Nov 24, 2025)
- Investors on record: 3

## About

MHS Co., Ltd. is a South Korean company specializing in advanced thermal and fluid analysis solutions, focusing on optimized cooling designs for various high-performance applications across multiple sectors. Founded in 2020 and headquartered in Seoul, South Korea, MHS Co., Ltd. provides innovative cooling solutions tailored for PCIe cards with NPU chips, serving industries such as AI semiconductors and 5G technologies. MHS specializes in advanced thermal and fluid analysis solutions, focusing on optimized design data for cooling systems. Their core offerings include tailored cooling solutions for PCIe cards with NPU chips, beneficial for data centers. The company operates on a one-stop consulting approach, guiding clients through the entire process from inquiry to design, analysis, production, and results. MHS targets a diverse global client base, providing services to industries demanding efficient thermal management solutions tailored to specific operational requirements. MHS generates revenue through a structured consulting approach that aligns with its business clients' needs. Engaging in direct B2B transactions, the company offers consulting services and customized solutions addressing thermal challenges. Each engagement involves a comprehensive assessment leading to specific cooling solutions, with pricing based on project complexity and scale. Key services revolve around optimizing cooling designs for high-performance applications, ensuring economically viable and effective solutions tailored to specific fields. In November 2025, MHS Co., Ltd. raised KRW 2 billion in series A funding from Timeworks Investment. The round was part of a larger KRW 7 billion series A funding. The company is expected to use the November 2025 funding to set up large-scale production systems and expand its applications across multiple industries. It aims to expand its presence in sectors requiring advanced thermal management, focusing on global opportunities.

## Funding rounds

- Series A, Nov 24, 2025, $1.4M — Timeworks Investment
- Series A, Aug 13, 2025, $3.6M — Gyeongnam Venture Investment, We Ventures

## Investors

- Gyeongnam Venture Investment (https://capitalatlas.ai/funds/gyeongnam-venture-investment) — Series A
- We Ventures — Series A
- Timeworks Investment (https://capitalatlas.ai/funds/timeworks-investment) — Series A