# YYSoft Co.

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

- Industry: Software
- Headquarters: Seongnam-si, South Korea
- Website: www.yysoft.kr/
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 17, 2023)
- Investors on record: 2

## About

Founded in 2020 and based in Seoul, South Korea, YYSoft Co., Ltd. operates as a developer of an online platform that develops tracking solutions for supply chain management based on PaaS and blockchain technology. In November 2023, YYSoft Co., Ltd. raised KRW 700 million in seed funding from Korea Tech Incubator for Startup, being selected for the Accelerator Investment-Driven Tech Incubator Program, and Magna Investment. As of 2023, the company is led by its CEO, Honghyun Yang.

The company develops an open API system that offers a Platform as a Service (PaaS) solution based on GS1 codes using blockchain, catering to the needs of businesses involved in the food supply chain. The firm’s primary product is KFT, which is a comprehensive solution integrating blockchain into the supply chain, utilizing GS1 codes like GLN, GTIN, and SSCC. This platform utilizes smart contracts, facilitating secure and transparent transactions. The company's business scope extends to various services such as the KFT Blockchain Platform, GS1-based supply chain resume services, blockchain consulting, and tailored KFT solutions.

The organization plans to use the November 2023 funding to recruit key personnels, stabilize its solutions, and expand its POC.

## Funding rounds

- Seed, Nov 17, 2023, $0.5M — Magna Investment, Korea Tech Incubator for Startup

## Investors

- Magna Investment (https://capitalatlas.ai/funds/magna-investment) — Seed
- Korea Tech Incubator for Startup — Seed