# Veluga Brewery

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veluga-brewery

- Industry: Consumer Services
- Headquarters: Seoul, South Korea
- Website: www.business.veluga.kr
- Latest round: Series A (Nov 1, 2023)
- Investors on record: 2

## About

Based in South Korea, Veluga Brewery Inc. operates as an innovative technology provider, focusing on advanced software solutions that enhance operational efficiency across various industries.Veluga Brewery Inc. was founded in 2017 and is headquartered in Seoul, South Korea. The company specializes in offering technological solutions to improve business operations. Theodore Kim serves as the CEO. Notably, Veluga has successfully secured funding through five investment rounds, with the most recent round occurring on November 1, 2023.Veluga specializes in providing innovative technological solutions aimed at enhancing operational efficiency for businesses across various sectors. The company's core product offerings include advanced software platforms featuring automation tools, data analytics capabilities, and user-friendly interfaces designed to streamline processes and optimize decision-making. These solutions cater primarily to industries such as finance, healthcare, and logistics, effectively addressing common challenges in data management, workflow inefficiencies, and compliance. Veluga serves a diverse client base, including small to medium-sized enterprises and larger corporations, focusing on markets in North America, Europe, and parts of Asia.Veluga generates its revenue through a structured model encompassing both B2B and direct-to-consumer transactions. The company employs a subscription-based pricing plan for its flagship software products, allowing clients to access regular updates and support as part of their ongoing service. Additionally, partnerships with retailers and wholesalers enhance the distribution of Veluga's solutions, expanding market reach and customer acquisition. The transaction framework typically involves annual contracts with businesses, promoting predictable revenue streams and fostering long-term client relationships. Specific pricing details and the structure of individual transactions are tailored to meet the unique requirements of clients, ensuring effective utilization of Veluga's offerings.In November 2023, Veluga Brewery Inc. raised an undisclosed amount of Series A funding from new investors HL Holdings Corp. and SEMA Translink Investment. The company is currently designed to launch new software products aimed at enhancing operational efficiency, with specific release dates to be announced. Veluga plans to expand its market presence by targeting new geographic regions, specifically focusing on emerging markets in Southeast Asia and expanding its footprint in Europe by the end of 2024. The recent funding will support these initiatives, ensuring the development and marketing of their upcoming products while facilitating entry into these new markets.

## Funding rounds

- Series A, Nov 1, 2023 — SEMA Translink Investment, HL Holdings Corp.

## Investors

- SEMA Translink Investment — Series A
- HL Holdings Corp. — Series A