# PET PHARM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pet-pharm

- Industry: Pharmaceuticals
- Headquarters: Seongnam, South Korea
- Website: www.petpharm.co.kr
- Total disclosed funding: $3.4M
- Latest round: Series B (Feb 19, 2025)
- Investors on record: 6

## About

Based in Seongnam-si, South Korea, and founded in 2019, PET PHARM operates as a distributor of veterinary drugs to a network of veterinary pharmacies located throughout the country. The company is being led by its CEO, Yoon Seong-Han, and in December 2021, PET PHARM raised pre-series A funding from new investor New Paradigm Investment In August 2023, PET PHARM raised KRW 3.2 billion in series A funding led by new investor Korea Investment Partners, with participation from new investors  Korea Credit Guarantee Fund, Laguna Investment, and Eugene Asset Management. Returning investor New Paradigm Investment also participated in this round.. The firm engages in the supply of companion animals’ medicines to veterinary pharmacies across the nation. The company also assigns regional managers to help pharmacies increase their sales, and furthermore offers follow-up management services such as collection and recovery. PET PHARM also operates an integrated business platform with over 1,200 veterinary pharmacies in its network and over 10,000 downloads as of 2021. The company will use the December 2021 funding to develop additional platform functions such as a one-on-one chat consultation service for veterinary pharmacies and customers, as well as a map tool for finding medicines and animal pharmacies. The company also intends to offer a veterinary drug brokerage system through its app, as well as produce and market its own branded items for companion animals, such as joint supplements, medical home kits, and lactic acid bacteria products.

## Funding rounds

- Series B, Feb 19, 2025, $1M — Crit Ventures
- Series A, Aug 8, 2023, $2.4M — Korea Investment Partners, Eugene Asset Management, Laguna Investment, Korea Credit Guarantee Fund, New Paradigm Investment

## Investors

- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- Eugene Asset Management — Series A
- Laguna Investment (https://capitalatlas.ai/funds/laguna-investment) — Series A
- Korea Credit Guarantee Fund — Series A
- New Paradigm Investment (https://capitalatlas.ai/funds/new-paradigm-investment) — Series A
- Crit Ventures (https://capitalatlas.ai/funds/crit-ventures) — Series B