# The Satellite Brewing Co.

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

- Industry: Consumer Products
- Headquarters: Seoul, South Korea
- Website: www.thesatellitebrewing.com
- Total disclosed funding: $3.4M
- Latest round: Series A (Oct 29, 2021)
- Investors on record: 3

## About

The Satellite Brewing Co. is a South Korean brewery focused on crafting unique and innovative beers that reflect local flavors and brewing techniques, catering to a diverse consumer base.Founded in 2017 and headquartered in Seoul, South Korea, The Satellite Brewing Co. specializes in brewing a variety of craft beers. The company has engaged in three different funding deals, with its latest Series A round in October 2021 raising KRW 4 billion from key investors, including Dasan Ventures, Magellan Technology Investment, and T Investment.The Satellite Brewing Co. offers a diverse range of craft beers, focusing on unique flavors that celebrate local ingredients and brewing traditions. Their products are designed to appeal to both casual drinkers and craft beer enthusiasts, prioritizing quality and innovation in their brewing processes.The company generates revenue through the sale of its craft beers, targeting both retail and hospitality channels. Their sales strategy includes direct distribution to bars and restaurants, as well as retail partnerships that enhance their market reach.The Satellite Brewing Co. plans to leverage its recent Series A funding of KRW 4 billion raised in October 2021 to expand its product line and introduce new beer styles aimed at capturing emerging market trends. The company is also focusing on expanding its distribution network within South Korea and exploring opportunities in international markets, with a goal of launching new products in 2023.

## Funding rounds

- Series A, Oct 29, 2021, $3.4M — Magellan Technology Investment, T Investment, Dasan Ventures

## Investors

- Magellan Technology Investment (https://capitalatlas.ai/funds/magellan-technology-investment) — Series A
- T Investment (https://capitalatlas.ai/funds/t-investment) — Series A
- Dasan Ventures — Series A