# NRB

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

- Industry: Construction
- Headquarters: Gunsan, South Korea
- Website: www.and-rb.com
- Total disclosed funding: $9.4M
- Latest round: Series A (Jun 28, 2022)
- Investors on record: 5

## About

Based in Gunsan, South Korea, and founded in 2019, NRB Inc. operates as a construction company that develops mobile buildings. In July 2025, NRB Inc. raised KRW 44.1 billion in an IPO, selling 2.1 million shares at KRW 21,000 apiece, within the expected KRW 18,000-21,000 price range on the KOSDAQ. In February 2026, SL Investment sold 147,534 shares in NRB Inc. for KRW 2.79 billion. Following the transaction, SL Investment retained a 4.88% minority stake in the company. The firm as of 2026, has offices in Jeollabuk-do and Seoul, South Korea, and is led by its CEO, Kang Geon-woo.

The company started as a temporary school builder following the Pohang earthquake in 2017.  Witnessing the closure of 29 schools and the use of container classrooms, NRB collaborated with POSCO International to develop the first mobile school, 'Gochang High School Modular Teacher. After that, the firm entered the Relocatable Building market. As of January 2024, the company's diverse portfolio includes modular teachers for various schools, vaccination centers, and dormitories. NRB Inc. plans to utilize the capital raised in its 2025 IPO to support operating expenses and debt repayments.

## Funding rounds

- Series A, Jun 28, 2022, $4.2M — Korea SMEs and Startups Agency, SL Investment, Kolon Investment
- Series A, Mar 18, 2022, $5.1M — WOORI Venture Partners, Korea University Holdings

## Investors

- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series A
- Korea University Holdings (https://capitalatlas.ai/funds/korea-university-holdings) — Series A
- Korea SMEs and Startups Agency — Series A
- SL Investment (https://capitalatlas.ai/funds/sl-investment) — Series A
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series A