RIEUL
Latest round
- Seed
Last raised
- Aug 2020
Total raised
- $0.1M
Investors
- 1
About RIEUL
Founded in 2017 and headquartered in Seoul, South Korea, RIEUL focuses on creating products that improve daily life. The company has not reported any significant pivots in its business strategy. Its CEO is Jong-won Kim, who has not been noted for prior company ventures.RIEUL specializes in the design and distribution of a diverse range of products aimed at enhancing everyday life. The company’s core offerings include a variety of lifestyle and home goods, designed to meet the needs of both individual consumers and businesses. These products emphasize quality and functionality, catering to customers who value practicality and aesthetics. RIEUL primarily serves the South Korean market but is also looking to expand its reach internationally, targeting markets that demand premium lifestyle products.RIEUL generates revenue through direct-to-consumer sales via both online and physical retail channels. It operates on a transactional structure that allows customers to purchase products at set prices based on the specific features and designs of each item. RIEUL’s flagship products, known for their unique designs and practical applications, significantly contribute to its revenue stream. By forming strategic partnerships with retailers and distributors, RIEUL enhances the availability of its products and strengthens its market presence. The company aims to design and launch new products that enhance user experience, although specific release dates are not mentioned. Additionally, RIEUL is targeting expansion into international markets where demand exists for premium lifestyle products. The anticipated growth strategy includes solidifying its presence in these new regions by directly addressing customer needs and preferences.
Who invested in RIEUL
1 investor across 1 round
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Funding rounds
Seed
Aug 18, 2020
Amount
$0.1M
Investors
Questions about RIEUL
Who invested in RIEUL?
RIEUL has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has RIEUL raised?
RIEUL has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did RIEUL last raise money?
RIEUL's most recent round on record is a Seed, in Aug 2020.
What does RIEUL do?
Founded in 2017 and headquartered in Seoul, South Korea, RIEUL focuses on creating products that improve daily life.
Where is RIEUL headquartered?
RIEUL is headquartered in Seoul, South Korea.
Which VCs invest in companies like RIEUL?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back consumer products companies at RIEUL's stage. Their profiles are linked below.
VCs backing consumer products startups at Seed
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