# Wifine Tech Co.

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

- Industry: Materials
- Headquarters: Cheongju, South Korea
- Website: www.wifinetech.co.kr
- Total disclosed funding: $3.4M
- Latest round: Series A (Jun 30, 2023)
- Investors on record: 4

## About

Based in South Korea, and founded in 2017, Wifine Tech Co., Ltd., also known as Wifinetech, produces and distributes home air purifier materials for air purifiers and refrigerators. In June 2023, WI-FINE TECH raised KRW 1.5 billion in series A funding co-led by a consortium of Intops Investment and WONIK Investment Partners. The round is expected to be completed by August 2023. The round is part of a larger KRW 4.5 billion series A funding. As of 2023, the company’s CEO is Eungyeom Kim.

Wifinetech manufactures and supplies eco-friendly harmful gas removal materials, eco-friendly filter materials, home air purifier materials, and industrial harmful gas removal catalysts for vehicle air conditioners, air purifiers, refrigerators, ventilation systems, and air conditioners in large buildings, as well as ventilation in laboratories and hospitals. The company provides environmental materials like WFT-AC300, WFT-AC300SE8, WFT-AC360C, and WFT-AC360R, as well as secondary battery anode materials for electric vehicles.

The company plans to use the funds raised in June 2023 to spur the cost of establishing a raw coal plant, which is a material for impregnated activated carbon. It also plans to expand its business area to include anode catalysts for secondary batteries.

## Funding rounds

- Series A, Jun 30, 2023, $3.4M — WONIK Investment Partners, DT&Investment, Korea Credit Guarantee Fund, Intops Investment

## Investors

- WONIK Investment Partners (https://capitalatlas.ai/funds/wonik-investment-partners) — Series A
- DT&Investment (https://capitalatlas.ai/funds/dt-investment) — Series A
- Korea Credit Guarantee Fund — Series A
- Intops Investment (https://capitalatlas.ai/funds/intops-investment) — Series A