# NEEDS

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

- Industry: Software
- Headquarters: Seongnam, South Korea
- Website: www.ourneeds.co.kr
- Total disclosed funding: $0M
- Latest round: Seed (Feb 1, 2023)
- Investors on record: 3

## About

Based in Seongnam, Gyeonggi-do, South Korea and founded in 2019, NEEDS uses AI technology develop its product shelf life and expiration date inventory management platform service, When is the expiration date. It is a highly utilized service that can be used for refrigerator management in general homes and inventory management in restaurants. It is used by about 100 restaurant companies as well as general consumers for inventory management. Since its launch about 10,000 people are using the service. It was awarded the 4.0 Credit Guarantee Fund Startup Contest and the 2020 Environmental Startup Contest in recognition of its business performance and public interest. In addition, its interview offer from the U.S. Bureau of Economic Development and Vault Korea and entry into the overseas market is also receiving positive reviews. In March 2024, NEEDS raised an undisclosed amount of venture funding from new investor Newkids Investment. The company operates a product shelf life and expiration management inventory artificial intelligence application called When is the expiration date.

## Funding rounds

- Seed, Feb 1, 2023 — Korea Tech Incubator for Startup, Commax Venturus
- Seed, Nov 24, 2022, $0M — Commax Venturus, Sherpa Ventures

## Investors

- Commax Venturus (https://capitalatlas.ai/funds/commax-venturus) — Seed
- Sherpa Ventures — Seed
- Korea Tech Incubator for Startup — Seed