# Rafiq

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

- Industry: Consumer Products
- Headquarters: Cheonan-si, South Korea
- Website: www.rafiqcosmetics.com/
- Total disclosed funding: $14M
- Latest round: Series B (Sep 29, 2025)
- Investors on record: 10

## About

Founded in 2017, and based in Seoul, South Korea, RAFIQ Cosmetics Co., Ltd. operates as a cosmetic technology company that uses natural plant softening technology to develop cosmetic materials. RAFIQ Cosmetics Co., Ltd. develops cosmetic products including toner, essence, serum, ampoule, lotion, cream, gel-cream, eye cream, foam cleanser, gel cleanser, scrub, cleansing water, cleansing oil, cleansing cream, cleansing lotion, remover, shampoo, hair essence, hair tonic, scaler, body cleanser, body cream, body lotion, body mist, body scrub, wish-off pack, sleeping pack, peel-off pack, sheet mask pack, peeling pad, wrinkle function, whitening function, wrinkle, and whitening dual function using natural plant softening technology (SofTech), which softens natural plants such as flowers, leaves, fruit peels, and seaweed and adds them directly to cosmetics. In September 2025, Rafiq raised KRW 15 billion in series B funding led by new investor Kolon Investment, with participation from other new investors WONIK Investment Partners, UbiQuoss Investment, and IBK Venture Investment. Returning investor Hana Ventures also participated in the round.

## Funding rounds

- Series B, Sep 29, 2025, $11M — WONIK Investment Partners, Kolon Investment, UbiQuoss Investment, IBK Venture Investment, Hana Ventures
- Series A, Jul 1, 2022, $3.1M — IBK Capital Corp., Quantum Ventures Korea, Enlight Ventures, Hana Ventures
- Seed, Oct 1, 2021 — Korea Tech Incubator for Startup, Infobank

## Investors

- Korea Tech Incubator for Startup — Seed
- Infobank (https://capitalatlas.ai/funds/infobank) — Seed
- IBK Capital Corp. — Series A
- Quantum Ventures Korea (https://capitalatlas.ai/funds/quantum-ventures-korea) — Series A
- Enlight Ventures (https://capitalatlas.ai/funds/enlight-ventures) — Series A
- Hana Ventures — Series A, Series B
- WONIK Investment Partners (https://capitalatlas.ai/funds/wonik-investment-partners) — Series B
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series B
- UbiQuoss Investment (https://capitalatlas.ai/funds/ubiquoss-investment) — Series B
- IBK Venture Investment (https://capitalatlas.ai/funds/ibk-venture-investment) — Series B