# Pro-green Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pro-green-technologies

- Industry: Chemicals
- Headquarters: Pohang, South Korea
- Website: www.pro-greentech.com
- Total disclosed funding: $56M
- Latest round: Series D (Aug 7, 2024)
- Investors on record: 18

## About

Established in 2010 and based in Pohang, South Korea, Pro-green Technologies, aka PGT Co., Ltd., is a company engaged in the production of active pharmaceutical ingredients, cosmetic raw materials, and other fine chemicals. The company is headquartered in Pohang, while the factory in Pohang covers an area of 8,536 square meters and the factory in Gunsan covers an area of 66,000 square meters. The total number of employees in the company is 150, including 5 research and development staff. The company obtained ISO14001, ISO9001, and INNO-BIZ Enterprise certifications in 2013 and 2014. In August 2024, Pro-green Technologies raised KRW 39.35 billion in series D funding from new investor Korea Development Bank, with participation from returning investors AJU IB Investment and HB Investment. The series D round values Pro-green Technologies at KRW 196.9 billion post-money.

The company's products include Thermal Dye for active pharmaceutical ingredients, 1,2-hexanediol, and UVA filter intermediates as functional cosmetic materials, and products in the field of fine chemicals. The company's main technologies include halogenation, Grignard reaction, amination, and hydroxybenzene derivatives.

## Funding rounds

- Series D, Aug 7, 2024, $29M — Korea Development Bank, AJU IB Investment, HB Investment
- Series C, Apr 25, 2023, $27M — Hyundai Venture Investment, Innopolis Partners, Industrial Bank of Korea, Korea Investment Partners, E&Investment, HB Investment, Company K Partners, BNH Investment, BA Partners, COMES Investment, Bithumb Investment, K & Investment Partners, AIP Venture Partners, Square Ventures, Kingo Investment Partners, AFW Partners

## Investors

- Hyundai Venture Investment (https://capitalatlas.ai/funds/hyundai-venture-investment) — Series C
- Innopolis Partners (https://capitalatlas.ai/funds/innopolis-partners) — Series C
- Industrial Bank of Korea — Series C
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series C
- E&Investment (https://capitalatlas.ai/funds/e-investment) — Series C
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series C, Series D
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series C
- BNH Investment (https://capitalatlas.ai/funds/bnh-investment) — Series C
- BA Partners (https://capitalatlas.ai/funds/ba-partners) — Series C
- COMES Investment (https://capitalatlas.ai/funds/comes-investment) — Series C
- Bithumb Investment (https://capitalatlas.ai/funds/bithumb-investment) — Series C
- K & Investment Partners (https://capitalatlas.ai/funds/k-investment-partners) — Series C
- AIP Venture Partners (https://capitalatlas.ai/funds/aip-venture-partners) — Series C
- Square Ventures (https://capitalatlas.ai/funds/square-ventures) — Series C
- Kingo Investment Partners (https://capitalatlas.ai/funds/kingo-investment-partners) — Series C
- AFW Partners (https://capitalatlas.ai/funds/afw-partners) — Series C
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series D
- AJU IB Investment (https://capitalatlas.ai/funds/aju-ib-investment) — Series D