# Sheco Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sheco-co

- Industry: Environmental Services
- Headquarters: Incheon, South Korea
- Website: www.sheco.co
- Total disclosed funding: $1.7M
- Latest round: Series A (Jun 1, 2024)
- Investors on record: 7

## About

Based in South Korea, and founded in 2019, Sheco Co., Ltd. operates as a manufacturer of remote-controlled oil recovery robots capable of detecting small-scale oil spills in the marine environment. In June 2021, Sheco Co., Ltd. raised an undisclosed amount of seed funding from Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program. As of January 2023, the company is led by its representative director Kwon Ki-Seong. 

Sheco Co., Ltd. provides a wireless marine control robot designed to respond to marine oil accidents that begin to spread as soon as it spills; the electromagnet crane module Lars-E helps to work more comfortably than conventional cranes when lowering and raising equipment directly to the surface of the water from ships, docks, handrails, etc; contamination Recognition AI (Ove-C), a polarization + RGB technology, which is the principle of multi-focus based image analysis. In addition, the company provides an algae removal robot that sprays a liquid that removes contaminants.

## Funding rounds

- Series A, Jun 1, 2024, $1.7M — The Wells Investment, Friend Investment Partners, Nautilus Investment
- Seed, Jun 1, 2021 — Korea Tech Incubator for Startup, Chungbuk Creative Economy Innovation Center
- Seed, Mar 22, 2021 — Merry Year Social Company, Gyeongnam Creative Economy Innovation Center

## Investors

- Merry Year Social Company (https://capitalatlas.ai/funds/merry-year-social-company) — Seed
- Gyeongnam Creative Economy Innovation Center (https://capitalatlas.ai/funds/gyeongnam-creative-economy-innovation-center) — Seed
- Korea Tech Incubator for Startup — Seed
- Chungbuk Creative Economy Innovation Center (https://capitalatlas.ai/funds/chungbuk-creative-economy-innovation-center) — Seed
- The Wells Investment (https://capitalatlas.ai/funds/the-wells-investment) — Series A
- Friend Investment Partners (https://capitalatlas.ai/funds/friend-investment-partners) — Series A
- Nautilus Investment (https://capitalatlas.ai/funds/nautilus-investment) — Series A