# raw labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raw-labs-2

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.airsupply.kr
- Latest round: Seed (Oct 1, 2021)
- Investors on record: 2

## About

RAW LABORATORY provides innovative data-driven purchasing management solutions designed to enhance payment approvals, streamline settlement processes, and improve cost management for a variety of enterprises.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. The company has executed 4 deals, with the most recent deal occurring on January 26, 2022, when it raised an undisclosed amount in pre-Series A funding from investors including Mark & Company and Translink Investment, Corp., alongside returning investors parkLabs Accelerator and TheVentures.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. The company's services cater to a diverse client base, including public institutions and various corporate entities, primarily focused on the South Korean market, which serves as their operational base for service delivery.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. Revenue generated from these transactions reflects the value provided through efficient cost management and integrated financial oversight solutions.Looking ahead, RAW LABORATORY plans to leverage its recent funding round from January 2022 to recruit new talent, upgrade its services, and innovate within the corporate purchasing market through collaborations with other companies. 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.

## Funding rounds

- Seed, Oct 1, 2021 — Korea Tech Incubator for Startup, The Ventures

## Investors

- Korea Tech Incubator for Startup — Seed
- The Ventures (https://capitalatlas.ai/funds/the-ventures) — Seed