# Urban Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/urban-labs

- Industry: Food
- Headquarters: Seoul, South Korea
- Website: www.urbanlabs.kr
- Total disclosed funding: $0.4M
- Latest round: Seed (Apr 1, 2023)
- Investors on record: 3

## About

Founded in 2019 and based in Seoul, South Korea, Urban Labs Inc. operates as an alternative food company that uses big data analysis to research and develop alternative food products and provides its clients with alternative protein sources from coffee grounds, extracting edible proteins and active ingredients. In March 2023, Urban Labs Inc. raised seed funding from new investors Big Bang Angels and Korea Omega Investment Corp. Financial terms of the deal were not disclosed. As of 2023, the company is led by its COE Kim Seon-hyun. The company will use the March funding to expand its technology to alternative meat protein R&D.

## Funding rounds

- Seed, Apr 1, 2023, $0.4M — BigBang Angels, Korea Tech Incubator for Startup
- Seed, Mar 22, 2023 — BigBang Angels, Korea Omega Investment Corp.

## Investors

- BigBang Angels (https://capitalatlas.ai/funds/bigbang-angels) — Seed
- Korea Omega Investment Corp. (https://capitalatlas.ai/funds/korea-omega-investment-corp) — Seed
- Korea Tech Incubator for Startup — Seed