RIU
Latest round
- Series A
Last raised
- Jul 2022
Total raised
- $1.6M
Investors
- 4
About RIU
, Ltd.Founded in 2019 in Seoul, South Korea, RIU specializes in packaging solutions. The company has not undergone significant pivots or changes in business strategy since its inception. RIU operates as an independent firm with no known parent companies or subsidiaries. and the Industrial Bank of Korea., Ltd. specializes in providing comprehensive packaging solutions tailored for a variety of industries, including food, pharmaceuticals, and pet food. The company operates two primary platforms: 'Packaging Force,' connecting small and medium-sized businesses with optimal packaging manufacturers, and 'Packaging Boss,' an online mall for franchise operations that offers customizable packaging options.RIU's revenue model is built upon B2B transactions, focusing on partnerships with franchise businesses and small enterprises. Clients engage with RIU through the Packaging Boss platform for bulk purchasing of specific packaging materials and related supplies. This structure fosters a streamlined supply chain, and RIU provides consulting for product packaging to help clients select the most suitable options for their needs. The company is planning to enhance its product line with new packaging solutions targeted at emerging market needs. RIU aims to expand its services beyond the South Korean market, focusing on small business owners and franchises in Southeast Asia by 2024.
Who invested in RIU
4 investors across 1 round
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Funding rounds
Series A
Jul 7, 2022
Amount
$1.6M
Investors
Questions about RIU
Who invested in RIU?
RIU has 4 investors 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 RIU raised?
RIU has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did RIU last raise money?
RIU's most recent round on record is a Series A, in Jul 2022.
What does RIU do?
RIU is a internet company.
Where is RIU headquartered?
RIU is headquartered in Seoul, South Korea.
Which VCs invest in companies like RIU?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back internet companies at RIU's stage. Their profiles are linked below.
VCs backing internet startups at Series A
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