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The Venture Codex

Welcome Capital

Yongsan, Seoul-t'ukpyolsi, South Korea

Overview

Welcome Capital is a financial company that offers loan and funding services for business development.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Business Development
  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Eight Tech

    Participated · Series A · Nov 2023

    Founded in 2020, the company builds AI waste-resource-sorting robot solutions aimed at automating recycling facilities. It focuses on replacing labor-intensive manual sorting, which the company says is unsustainable given employment shortages. To date it has secured more than 10 contracts and is expanding its business model toward unmanned waste sites. The firm has raised a cumulative 122억원 in funding, including a recent Series A. Using the new capital it plans to strengthen production capacity and build a robotic resource-recycling center in Incheon Seo-gu to produce high-purity r-PET and PET flakes. It will also invest in advancing material-analysis technology and cost-reduction R&D to further segment and optimize sorting operations, and targets an IPO in 2025.

Team

No current team members are available.