# Spacewavy

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

- Industry: Construction
- Headquarters: Seoul, South Korea
- Website: www.spacewavy.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Dec 28, 2021)
- Investors on record: 1

## About

Spacewavy is a South Korean company specializing in innovative modular living solutions that cater to both residential and commercial needs, offering customizable units that blend aesthetics with sustainability.Founded in 2021 and headquartered in Seoul, South Korea, Spacewavy focuses on modular living solutions tailored for diverse environments. The company has successfully completed one funding round, securing KRW 1 billion in Seed funding from Bluepoint Partners on December 28, 2021. Jay Hong serves as the CEO.Spacewavy specializes in modular living solutions that redefine residential and commercial spaces. Their primary offerings include a range of customizable units designed for various applications such as vacation homes, permanent residences, and hospitality environments. The company prioritizes sustainability and aesthetic appeal, targeting clients looking for innovative living spaces that harmonize with nature. Their models, including the XL18 and Max series, are equipped with features catering to diverse end-user needs, from luxurious hotel-style accommodations to practical second homes. Their products have been strategically marketed beyond their home region, with deployments in rural and urban locations throughout South Korea, enabling functional living environments without extensive regulatory hurdles.Spacewavy operates on a direct-to-consumer sales model, facilitating a straightforward purchasing process that includes consultation, customization, and installation of their modular units. Revenue is generated through the sale of these engineered living spaces, with specific models, such as the XL18 and Max, priced to reflect their premium features and design quality. The company offers financing options, making it easier for customers to invest in their preferred living solutions. The typical transaction involves a detailed consultation to assess client needs, followed by the preparation of official contracts and permits, leading to a production timeline of approximately four to six weeks before final delivery and installation.Spacewavy intends to leverage the recent KRW 1 billion raised in Seed funding to enhance its product offerings and expand into new markets. The company is currently designing upcoming models aimed at diversifying its portfolio and meeting evolving customer demands. Additionally, plans are in place to enter international markets, with specific focus on Southeast Asia and other regions by 2023, positioning itself to cater to a broader audience.

## Funding rounds

- Seed, Dec 28, 2021, $0.8M — Bluepoint Partners

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed