# Synergy Co.

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

- Industry: Renewable Energy
- Headquarters: Ulsan, South Korea
- Website: www.sngy.io/kr/
- Total disclosed funding: $7.5M
- Latest round: Series A (Sep 26, 2024)
- Investors on record: 6

## About

Based in Ulsan, South Korea, and founded in 2019, Synergy Co., Ltd. operates as an energy management company. In September 2024, Synergy raised KRW 10 billion in Series A funding from Hanhwa Group and GS Holdings. As of 2024, the company is led by its CEO, Jang Kwon-young.

Synergy specializes in providing energy management solutions and battery management systems to optimize energy consumption and reduce costs. The company’s product line includes the xEMS platform, an artificial intelligence-enabled energy management system; FEMS (factory energy management system), an advanced system that provides real-time monitoring and analysis of factory energy usage; CEMS community energy management system), which offers distributed energy solutions, including solar power, fuel cells, energy storage, and demand response; and CVR (conservation voltage reduction), which evaluates the efficiency of energy conversion processes.

The company plans to utilize the September 2024 funding raised to speed up BMS research and development and further commercialize its products.

## Funding rounds

- Series A, Sep 26, 2024, $7.5M — T.S. Investment, K2 Investment Partners, BSK Investment, Hanwha Investment & Securities, Korea Asset Investment Securities, GS Ventures

## Investors

- T.S. Investment (https://capitalatlas.ai/funds/t-s-investment) — Series A
- K2 Investment Partners (https://capitalatlas.ai/funds/k2-investment-partners) — Series A
- BSK Investment (https://capitalatlas.ai/funds/bsk-investment) — Series A
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series A
- Korea Asset Investment Securities (https://capitalatlas.ai/funds/korea-asset-investment-securities) — Series A
- GS Ventures (https://capitalatlas.ai/funds/gs-ventures) — Series A