# Thermo Lab Korea

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thermo-lab-korea

- Industry: Heating, Cooling & Ventilation Equipment and Services
- Headquarters: Hwaseong-si, South Korea
- Website: www.tlksys.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Feb 22, 2023)
- Investors on record: 4

## About

Based in Hwaseong, South Korea, and founded in 2017, Thermo Lab Korea is a developer and supplier of eco-friendly packaging technology, such as IoT-based smart cold chain solutions with sensors. As of February 2022, the company has raised a total of USD 5.03 million in funding and Choi Seok is its CEO. In February 2023, Thermo Lab Korea raised KRW 3 billion in series A funding from Hana Securities, Be High Investment, and Korea Credit Guarantee Fund. The round was part of a larger KRW 8 billion series A funding.

Thermo Lab Korea's product line consists of single-use boxes, multi and reusable boxes, ice packs, smart cold chains and sensors for packaging, and smart cold chain solutions. The company plans to launch PaaS (packaging as a service), which is an IoT-based smart cold chain solution after a conceptual verification for biophysics customers and members of the Korea Pharmaceutical Distribution Association. In addition, Thermo Lab Korea plans to expand its eco liner business into healthcare and bio areas. The company will use the February 2023 funding to spur growth in its business and enter global markets.

## Funding rounds

- Series A, Feb 22, 2023, $2.3M — Hana Securities, Be High Investment, Korea Credit Guarantee Fund
- Series A, Feb 14, 2022, $4.2M — SK, Hana Securities, Be High Investment

## Investors

- SK — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- Be High Investment (https://capitalatlas.ai/funds/be-high-investment) — Series A
- Korea Credit Guarantee Fund — Series A