# THE MOMMA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-momma

- Industry: Logistics & Distribution
- Headquarters: Jeonju, South Korea
- Website: www.mommaeat.com
- Total disclosed funding: $20M
- Latest round: Series B (Feb 4, 2021)
- Investors on record: 13

## About

Founded in 2016 and based in Jeonju-si, South Korea, TheMomma operates a mobile app-based online shopping mall that delivers fresh ingredients from the nearest mart to customers throughout South Korea. In April 2022, THEMOMMA CO., LTD. raised KRW 30 billion in series C funding from unspecified investors. As of 2023, the company is led by its CEO Kim Min Soo.

THEMOMMA CO., LTD offers an e-commerce platform for fresh food purchases. Its mobile platform allows users to order fresh food directly from farmers.

The company will use the April funding to spur the acquisition of Seaspace 24, the reinforcement of primary fresh foods, the advancement of the 'Mamma Eat' app, and the expansion of the ESL business.

## Funding rounds

- Series B, Feb 4, 2021, $14M — SB Partners, SBI Investment Korea, Korea SMEs and Startups Agency, HB Investment, Posco Investment, UTC Investment, KB Securities, IBK Capital, T Investment
- Series A, Dec 4, 2020, $6.9M — SBI Investment Korea, Industrial Bank of Korea, Enlight Ventures, Ascendo Ventures, Simbon Investment Partners, SB Partners

## Investors

- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series A, Series B
- Industrial Bank of Korea — Series A
- Enlight Ventures (https://capitalatlas.ai/funds/enlight-ventures) — Series A
- Ascendo Ventures (https://capitalatlas.ai/funds/ascendo-ventures) — Series A
- Simbon Investment Partners (https://capitalatlas.ai/funds/simbon-investment-partners) — Series A
- SB Partners — Series A, Series B
- Korea SMEs and Startups Agency — Series B
- HB Investment (https://capitalatlas.ai/funds/hb-investment) — Series B
- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Series B
- UTC Investment (https://capitalatlas.ai/funds/utc-investment) — Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series B
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series B
- T Investment (https://capitalatlas.ai/funds/t-investment) — Series B