Founded in 2017 by CEO Lee Beom-joo, Rafiq develops sustainable cosmetic ingredients by transforming plant matter and food waste through its flagship SofTech (Plant Softening Technology) platform, along with SoftFerm, Upcycling Beauty, and Upcycle Exosome processes. These technologies enable entire leaves, petals, and other plant parts to be softened and blended directly into formulations, delivering both visual appeal and functional benefits. The company generates revenue through multiple channels, including ODM manufacturing, regional specialty cosmetics development, and its own brand, Plenty Plant. Investors report the firm has experienced rapid growth in orders and revenue, underscoring commercial traction, though specific metrics were not disclosed. To support scaling, Rafiq will build a CGMP-certified manufacturing plant in Cheonan that includes filling and packaging lines, creating an end-to-end production workflow. This vertically integrated facility is expected to boost margins, speed up product launches, and cement the startup’s position in the eco-friendly K-beauty supply chain.

Total raised

$11M

Funding rounds

1

Latest round

Series B

Latest activity

Oct 2025