# SPRING ONWARD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spring-onward

- Industry: Consumer Services
- Headquarters: Daejeon, South Korea
- Website: www.onedo.kr
- Total disclosed funding: $0.9M
- Latest round: Seed (Nov 5, 2020)
- Investors on record: 1

## About

SPRING ONWARD is a coffee machine rental and subscription service company, enhancing the coffee experience for businesses with high-quality coffee solutions and equipment.Founded in 2019 and headquartered in Daejeon, South Korea, SPRING ONWARD specializes in providing coffee machines and subscription services to various businesses. The company received KRW 1 billion in Seed funding on November 5, 2020, led by Ascendo Ventures, and has raised a total of KRW 1 billion across its funding rounds.SPRING ONWARD specializes in the rental of coffee machines and subscription services for premium coffee beans, catering to businesses like offices and hotels. Their product range includes various professional coffee machines designed to deliver optimal brewing for different environments. With a client base exceeding 2,000 corporate clients and over 100,000 employees in South Korea, the company positions itself in major urban centers to meet the growing demand for quality coffee at the workplace.SPRING ONWARD generates revenue through its subscription model for coffee beans and rental agreements for coffee machines. Clients benefit from a recurring supply of premium beans sourced from renowned roasteries, with pricing structures tailored to the specifics of consumption needs. Their flagship offerings, including the Dr. Coffee H10 and F2 machine lines, provide solutions that meet the requirements of offices and hospitality venues.Following the KRW 1 billion Seed funding raised in November 2020, SPRING ONWARD plans to invest in the development of new product lines and expand its geographical reach. Specific markets targeted for expansion include urban centers across South Korea. The funding will primarily support the design and launch of upcoming coffee machine models aimed to enhance user experiences.

## Funding rounds

- Seed, Nov 5, 2020, $0.9M — Ascendo Ventures

## Investors

- Ascendo Ventures (https://capitalatlas.ai/funds/ascendo-ventures) — Seed