# Poscore

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Pohang, South Korea
- Website: https://www.poscore.net/
- Total disclosed funding: $1.4M
- Latest round: Seed (Nov 15, 2024)
- Investors on record: 5

## About

Based in Pohang, South Korea, and founded in 2023 and led by Chief Executive Officer Hyungjin Kim, Poscore operates as a provider of magnetic powder and motor-core business by recycling unused steel scrap. In January 2024, Poscore raised KRW 1 billion in seed funding led by Korea Investment Accelerator, with participation from Schmidt and HYU Holdings. 

Poscore manufactures motor cores, which are used for the transition from internal combustion engines to electric drives. The company's core technology specializes in magnetic powder manufacturing and heat treatment by utilizing steel scrap. In addition, the firm supplies materials for automotive electronic parts and sells powder core. It focuses on reducing carbon emissions and environmental steel management through recycling of resources, and cooperates with industry, academia, and research institutes. The company also serves other equipment including motor cores, electric vehicles, home appliances, generators, and motors.

## Funding rounds

- Seed, Nov 15, 2024, $0.6M — Capstone Partners, Banks Foundation for Young Entrepreneurs
- Seed, Jan 29, 2024, $0.8M — Schmidt, Korea Investment Accelerator, HYU Holdings

## Investors

- Schmidt (https://capitalatlas.ai/funds/schmidt) — Seed
- Korea Investment Accelerator (https://capitalatlas.ai/funds/korea-investment-accelerator) — Seed
- HYU Holdings (https://capitalatlas.ai/funds/hyu-holdings) — Seed
- Capstone Partners (https://capitalatlas.ai/funds/capstone-partners) — Seed
- Banks Foundation for Young Entrepreneurs — Seed