# MR. PAPA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mr-papa

- Industry: Logistics & Distribution
- Headquarters: Changwon, South Korea
- Website: https://papamarket.kr/
- Total disclosed funding: $14M
- Latest round: Series A (Nov 17, 2025)
- Investors on record: 19

## About

Based in Changwon, South Korea, and founded in 2020, MR. PAPA Inc. operates a direct delivery service for livestock and fishery products mainly in the Gyeongnam area. The business area has been expanded to include meal kits and easy-to-cook food. The company takes over the manufacturer and directly takes charge of the meal kit manufacturing and distribution. Currently, about 15 meal kit stores are scheduled to open sequentially in the second half of 2021, including 6 directly managed and affiliated stores, as well as local food stores in large department stores. In November 2025, MR. PAPA Inc. raised KRW 15 billion in series A funding from Baro Ventures, BNK Venture Capital, Cape Investment & Securities, iM Investment Partners, JYP Partners, Korea SMEs and Startups Agency, NBH Capital, Plan.H Ventures, Prologue Ventures, Seoul Investment Partners, Shinhan Venture Investment, Timeworks Investment, UbiQuoss Investment, and Xplor Investment.

The company operates MR. PAPA Inc. an online food market for fresh food in the Gyeongnam region, that directly delivers livestock and fishery products procured through a direct transaction of origin without going through warehouse storage.

Mr. Papa plans utilize the November 2025 funding to to enhance its AI technology and expand its business domestically and overseas.

## Funding rounds

- Series A, Nov 17, 2025, $10M — Korea SMEs and Startups Agency, Shinhan Venture Investment, Seoul Investment Partners, BNK Venture Capital, Cape Investment & Securities, Plan.H Ventures, Timeworks Investment, NBH Capital, iM Investment Partners, UbiQuoss Investment, Xplor Investment, Baro Ventures, Prologue Ventures, JYP Partners
- Series A, May 21, 2024, $2.2M — BNK Venture Capital, Merry Year Social Company, Hitejinro, Korea Asset Investment Securities, Prologue Ventures
- Seed, Sep 3, 2021, $1.9M — Series Ventures, Gyeongnam Venture Investment

## Investors

- Series Ventures (https://capitalatlas.ai/funds/series-ventures) — Seed
- Gyeongnam Venture Investment (https://capitalatlas.ai/funds/gyeongnam-venture-investment) — Seed
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A
- Merry Year Social Company (https://capitalatlas.ai/funds/merry-year-social-company) — Series A
- Hitejinro — Series A
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A
- Prologue Ventures (https://capitalatlas.ai/funds/prologue-ventures) — Series A
- Korea SMEs and Startups Agency — Series A
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series A
- Seoul Investment Partners (https://capitalatlas.ai/funds/seoul-investment-partners) — Series A
- Cape Investment & Securities (https://capitalatlas.ai/funds/cape-investment-securities) — Series A
- Plan.H Ventures (https://capitalatlas.ai/funds/plan-h-ventures) — Series A
- Timeworks Investment (https://capitalatlas.ai/funds/timeworks-investment) — Series A
- NBH Capital (https://capitalatlas.ai/funds/nbh-capital) — Series A
- iM Investment Partners (https://capitalatlas.ai/funds/im-investment-partners) — Series A
- UbiQuoss Investment (https://capitalatlas.ai/funds/ubiquoss-investment) — Series A
- Xplor Investment (https://capitalatlas.ai/funds/xplor-investment) — Series A
- Baro Ventures (https://capitalatlas.ai/funds/baro-ventures) — Series A
- JYP Partners (https://capitalatlas.ai/funds/jyp-partners) — Series A