# Robo Arete

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/robo-arete

- Industry: Industrial Machinery
- Headquarters: Seoul, South Korea
- Website: www.roboarete.com
- Total disclosed funding: $6.3M
- Latest round: Series A (May 12, 2022)
- Investors on record: 7

## About

Based in Seoul, South Korea, and founded in 2018, Robo Arete manages a chicken brand that cooks chicken with robots. The company opened ROBERT CHICKEN Gangnam Unit 1 and Unit 2 in 2020. In September 2023, Robo Arete raised KRW 2 billion in venture funding from investor Hanwha Investment & Securities.

The company operates ROBERT CHICKEN, a brand that cooks chicken with robots.

The company intends to use the September 2023 funding to upgrade its robot technology, with a view to leading the global cooking robot market.

## Funding rounds

- Series A, May 12, 2022, $5.8M — Korea Investment Partners, JB Investment, IBK Capital, Korea Credit Guarantee Fund, Smart Study Ventures
- Seed, Aug 1, 2021, $0.4M — Bluepoint Partners, Korea Tech Incubator for Startup

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- Korea Tech Incubator for Startup — Seed
- Korea Investment Partners (https://capitalatlas.ai/funds/korea-investment-partners) — Series A
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series A
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series A
- Korea Credit Guarantee Fund — Series A
- Smart Study Ventures (https://capitalatlas.ai/funds/smart-study-ventures) — Series A