# RIU

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

- Industry: Internet
- Headquarters: Seoul, South Korea
- Website: www.riupack.co.kr
- Total disclosed funding: $1.6M
- Latest round: Series A (Jul 7, 2022)
- Investors on record: 4

## About

RIU Co., Ltd. is a South Korean company that provides innovative packaging solutions across various industries, including food and pharmaceuticals, utilizing advanced platforms to connect businesses with manufacturers.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. The company has engaged in 2 deals, with the most recent being a Series A funding round in July 2022, raising KRW 2 billion from investors including Hansol Paper Co. and the Industrial Bank of Korea. Overall, RIU has raised a total of KRW 2 billion.RIU Co., 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. Their product range includes various types of packaging materials such as pouches, boxes, and films, designed for applications across multiple sectors, and they facilitate ease of purchase and logistics through their online platform.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. While specific pricing details are not disclosed, the offerings are designed to be affordable and competitive within the packaging industry.In July 2022, RIU raised KRW 2 billion in Series A funding to support infrastructural expansion and further growth initiatives. 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.

## Funding rounds

- Series A, Jul 7, 2022, $1.6M — Industrial Bank of Korea, Hansol Paper Co., Schmidt, Ulsan Creative Economy Innovation Center

## Investors

- Industrial Bank of Korea — Series A
- Hansol Paper Co. — Series A
- Schmidt (https://capitalatlas.ai/funds/schmidt) — Series A
- Ulsan Creative Economy Innovation Center (https://capitalatlas.ai/funds/ulsan-creative-economy-innovation-center) — Series A