# ROOT ENERGY

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/root-energy

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.rootenergy.co.kr
- Total disclosed funding: $5.7M
- Latest round: Series A (Mar 30, 2023)
- Investors on record: 6

## About

Based in Seoul, South Korea, and founded in 2014, ROOT ENERGY operates as a financial service company that provides an online platform that enables users to invest in renewable energy projects such as solar power plants and wind farms. In January 2020, ROOT ENERGY raised KRW 2.1 billion in series A funding from D3Jubilee, MY Social Company, and POSCO Capital. In March 2023, ROOT ENERGY raised KRW 4.5 billion in series A funding from new investors Korea Development Bank and Hyundai Marine & Fire Insurance. Returning investors MY Social Company and Lighthouse Combined Investment also participated in this round. As of January 2023, Yoon Tae-hwan is the Chief Executive Officer (CEO) of the company.

ROOT ENERGY is an operator of a renewable energy crowdfunding platform designed to help everyone in utilizing the advantages of renewable energy. The company connects generators such as solar, energy storage systems, and wind power with servers that have a suitable location for their installation. Furthermore, the firm also conducts power plant direct investment, construction management, and management operations, allowing residents to build power plants and also allowing developers to apply for loan financing.

The company will use the March funding to diversify its RE100 implementation solutions for global companies, expand its Vietnamese branch, promote the IPP (Independent Power Project) project to increase its own assets and expand its business to include financial services.

## Funding rounds

- Series A, Mar 30, 2023, $3.5M — Korea Development Bank, Hyundai Marine & Fire Insurance, Lighthouse Combined Investment, Merry Year Social Company
- Series A, Jan 24, 2020, $1.8M — Posco Investment, D3 Jubilee Partners, Merry Year Social Company
- Seed, Mar 12, 2018, $0.5M — Lighthouse Combined Investment

## Investors

- Lighthouse Combined Investment (https://capitalatlas.ai/funds/lighthouse-combined-investment) — Seed, Series A
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series A
- D3 Jubilee Partners (https://capitalatlas.ai/funds/d3-jubilee-partners) — Series A
- Merry Year Social Company (https://capitalatlas.ai/funds/merry-year-social-company) — Series A
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series A
- Hyundai Marine & Fire Insurance — Series A