# Team Fresh

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/team-fresh

- Industry: Logistics & Distribution
- Headquarters: Seoul, South Korea
- Website: www.teamfresh.co.kr
- Total disclosed funding: $171M
- Latest round: Series D (Jun 29, 2022)
- Investors on record: 21

## About

Based in Seoul, South Korea, and founded in 2018, Team Fresh Co., Ltd. is a cold-chain platform company that provides logistics, delivery, and fulfillment services for fresh goods and groceries. The company's founder and current CEO is Sung-il Lee who was a former Kurly Corp. employee. 

The company provides logistics, delivery, and fulfillment services for third-party companies that are mainly in fresh goods and groceries businesses. TeamFresh owns a logistics center located in Suwon-si and cold storage trucks that stores and delivers good directly to consumers in Seoul. TeamFresh also provides purchasing service for supplying food materials to clients that are engaged in catering, dining, and online food commerce businesses. 

The company's revenue is generated from providing logistics, storage, delivery, fulfillment, purchasing, and other types of cold chain services from its client companies. Team Fresh Co., Ltd. offers its services to over 130 clients, including major retail businesses in South Korea such as eBay Korea LLC and Ranking.com.

As of April 2021, TeamFresh plans to launch an Online To Offline (02) service that connects clients with delivery drivers directly. It also plans to improve the efficiency of its fulfillment service by establishing regional logistics hubs.

## Funding rounds

- Series D, Jun 29, 2022, $123M — STIC Investments, NH Bank, Woori Bank, KT Corporation, WOORI Venture Partners, KDB Capital, NAU IB Capital, DT&Investment, NH Capital, Murex Partners, Inflection Point Ventures
- Series C, Mar 30, 2021, $27M — Shinhan Capital, IGIS Asset Management, Kakao Investment, NAU IB Capital, DT&Investment, NH Capital, KT Investment, STIC Ventures, Harang Invest
- Series B, May 6, 2020, $17M — Kolon Investment, DT&Investment, T.S. Investment, K2 Investment Partners, NH Capital, STIC Ventures, I Partners Asset Management
- Series A, Mar 4, 2019, $4M — Murex Partners, STIC Ventures, I Partners Asset Management

## Investors

- Murex Partners (https://capitalatlas.ai/funds/murex-partners) — Series A, Series D
- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series A, Series B, Series C
- I Partners Asset Management — Series A, Series B
- Kolon Investment (https://capitalatlas.ai/funds/kolon-investment) — Series B
- DT&Investment (https://capitalatlas.ai/funds/dt-investment) — Series B, Series C, Series D
- T.S. Investment (https://capitalatlas.ai/funds/t-s-investment) — Series B
- K2 Investment Partners (https://capitalatlas.ai/funds/k2-investment-partners) — Series B
- NH Capital — Series B, Series C, Series D
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series C
- IGIS Asset Management (https://capitalatlas.ai/funds/igis-asset-management) — Series C
- Kakao Investment (https://capitalatlas.ai/funds/kakao-investment) — Series C
- NAU IB Capital (https://capitalatlas.ai/funds/nau-ib-capital) — Series C, Series D
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series C
- Harang Invest (https://capitalatlas.ai/funds/harang-invest) — Series C
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series D
- NH Bank — Series D
- Woori Bank — Series D
- KT Corporation — Series D
- WOORI Venture Partners (https://capitalatlas.ai/funds/woori-venture-partners) — Series D
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Series D
- Inflection Point Ventures (https://capitalatlas.ai/funds/inflection-point-ventures) — Series D