raw labs

Founded in 2018 in Seoul, South Korea, RAW LABORATORY focuses on developing advanced purchasing management platforms. The founders, Anastasia Ailamaki and Miguel Branco, possess a strong background in technology and entrepreneurship.RAW LABORATORY specializes in data-driven purchasing management solutions, primarily designed to streamline payment approvals, settlement processes, and cost management for various enterprises. Their core offerings include an integrated payment solution that unifies procurement channels, enhancing efficiency for office companies, foreign enterprises, cafes, bakeries, and multi-location businesses. The platform facilitates seamless transaction management, allowing users to handle approvals and payments with ease, thus addressing common challenges faced in expenditure oversight and financial reporting.RAW LABORATORY's revenue structure revolves around subscription-based models for their purchasing management platform. Clients, ranging from small businesses to larger corporations, engage with the company via direct contracts, subscribing to the software for a specified duration. The typical transaction flow involves clients initiating procurement requests through the platform, which subsequently manages the approval and payment processes. RAW LABORATORY’s flagship services enhance financial transparency and operational efficiency, critical for businesses aiming to streamline their purchasing functions. The company aims to expand its market presence beyond South Korea, actively targeting international markets for future growth. Specific products are also in development, although no release dates have been disclosed.

1. Seed

   Oct 1, 2021

   Amount

   Undisclosed

   Investors

   Locked