# Wekeep Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wekeep-co

- Industry: Logistics & Distribution
- Headquarters: Incheon, South Korea
- Website: www.wekeep.co.kr
- Total disclosed funding: $24M
- Latest round: Series B (Aug 13, 2021)
- Investors on record: 9

## About

Based in South Korea, Wekeep Co., Ltd. specializes in providing logistics and fulfillment solutions designed to optimize supply chain processes for e-commerce businesses. Wekeep Co., Ltd. is a logistics and fulfillment service provider located in Incheon, South Korea, founded in 2013. The company was established by Carlos Carrara and Gérald Chiche, who are instrumental in the company's growth. Wekeep Co., Ltd. offers logistics and fulfillment services, focusing on optimizing supply chains for e-commerce sectors. Their services include fulfillment operations, transportation management, and a dedicated manager program, aimed at improving logistics efficiency for B2B and B2C clients. Utilizing advanced analytics for inventory management and a learning management system (LMS) for training, Wekeep Co., Ltd. serves a variety of industries, particularly retail and e-commerce, primarily within South Korea and potentially other regions in Asia. Wekeep Co., Ltd. employs a transaction-based revenue model, charging service fees for logistics and fulfillment. Their pricing structure includes ongoing subscription plans and one-time fees for specific logistics services, with competitive pricing tailored to clients' volume and complexity of needs. This model allows the company to effectively serve both new and existing clients while enhancing logistics efficiency. In August 2021, Wekeep Co., Ltd. raised KRW 25 billion in series B funding from KB Securities, Naver, T.S. Investment, CTK, Industrial Bank of Korea, Korea Development Bank, STIC Ventures, and Stonebridge Ventures. The company will be directing the August 2021 funds toward upgrading its Fulfillment By Wekeep (FBW) solution for global markets, specifically targeting China and the United States, as well as enhancing its domestic fulfillment centers.

## Funding rounds

- Series B, Aug 13, 2021, $22M — Korea Development Bank, Industrial Bank of Korea, Naver, T.S. Investment, KB Securities, CTK, STIC Ventures, Stonebridge Ventures
- Series A, Oct 14, 2019, $2.5M — Daegyeong Investment, T.S. Investment, KB Securities

## Investors

- Daegyeong Investment (https://capitalatlas.ai/funds/daegyeong-investment) — Series A
- T.S. Investment (https://capitalatlas.ai/funds/t-s-investment) — Series A, Series B
- KB Securities (https://capitalatlas.ai/funds/kb-securities) — Series A, Series B
- Korea Development Bank (https://capitalatlas.ai/funds/korea-development-bank) — Series B
- Industrial Bank of Korea — Series B
- Naver — Series B
- CTK — Series B
- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series B
- Stonebridge Ventures — Series B