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§ Private Profile · Seoul, Seoul-t'ukpyolsi, South Korea
AI-based healthcare company providing personalized nutrition management services with custom supplements for corporations and individuals.
Based in Seoul, South Korea, Algocare is an AI-based healthcare company that develops IoT smart dispensers and proprietary algorithms to provide personalized nutrition management services. The venture-backed hardware and subscription business operates both B2B and B2C models, securing KRW 15 billion in Series A funding to expand its domestic operations. As of early 2024, the company's corporate wellness platform served over 40 enterprise clients with an 88 percent retention rate and recorded more than 480,000 consumed nutritional supplement servings. Expanding into the consumer market, the firm recently generated over 1,000 pre-orders for its home wellness agent. Algocare supplies its customized nutrition systems to corporate customers including LG Energy Solution, SK Square, and POSCO E&C, while receiving financial backing from venture investors like Company K Partners and Murex Partners. The company was founded in 2019 by Jiwon Joung.
Algocare has raised $11.0M across 1 funding round.
Algocare has raised $11.0M in total across 1 funding round.
Algocare has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Series A in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 13, 2024 | $11M Series A | Starset Investment | Company K Partners, JB Investment, L&S Venture Capital, Maple Investment Partners, Murex Partners, Small And Medium Business Bank | Announced |
Algocare has raised $11.0M in total across 1 funding round.
Algocare's investors include Starset Investment, Company K Partners, JB Investment, L&S Venture Capital, Maple Investment Partners, Murex Partners, Small and Medium Business Bank.