# MUSMA

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

- Industry: Internet
- Headquarters: Busan, South Korea
- Website: www.musma.net
- Total disclosed funding: $5.4M
- Latest round: Series A (Jan 25, 2022)
- Investors on record: 6

## About

Founded in 2016 and based in Busan, South Korea, MUSMA is a construction asset management company. It operates an IoT-based platform known as 'M-CAS', which monitors the movement of cranes and heavy equipment to prevent collisions, location of the on-site workers, and the inventory status of raw materials. In April 2023, MUSMA raised venture funding from new investors Shinhan Venture Investment and QUAD Ventures. Financial terms of the deal were not disclosed. As of 2023, the company is led by its CEO Shin Seong-il.

The company will use the April funding to expand its automation and safety solution lineup to more diverse fields such as logistics and manufacturing and hire more personnel.

## Funding rounds

- Series A, Jan 25, 2022, $3.7M — Korea Development Bank, Capstone Partners, BNK Venture Capital, Bluepoint Partners
- Series A, May 11, 2020, $1.6M — D3 Jubilee Partners, Korea Credit Guarantee Fund

## Investors

- D3 Jubilee Partners (https://capitalatlas.ai/funds/d3-jubilee-partners) — Series A
- Korea Credit Guarantee Fund — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Series A
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A
- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Series A