PURESPACE (CEO Seonyoung Lee), which possesses technology to extend the shelf life of fresh food, announced on the 16th that it has secured Series A investment of KRW 6 billion from Silicon Valley-based venture capital Altos Ventures.
PureSpace, a food tech startup founded in 2018, is developing a catalyst system that reduces ethylene gas, which accelerates ripening and spoilage in fruits and vegetables. By improving the removal rates of existing ethylene removal equipment and filters, PureSpace aims to maintain the quality of fresh produce during distribution by lowering ethylene concentrations. The company stated that in tests simulating real-world conditions, its system has proven effective in reducing ethylene emissions by over 90%.
Lee Seon-young, CEO of PureSpace, stated that approximately 40% of fruits and vegetables produced worldwide are wasted during distribution, and that losses in the fresh food supply chain pose both a cost burden and environmental problems. She went on to announce plans for this investment to contribute to global market expansion and the reduction of food waste.
Altos Ventures Partner Sang-il Ahn, who led this investment, evaluated PureSpace's technology as being able to provide both financial benefits and environmental value by extending the shelf life of fresh food.
PureSpace plans to use this investment to expand its global market, expand its sales force, and develop next-generation products. It currently supplies models for store refrigeration and small warehouses (PF105) and large logistics centers (PF106), and is preparing to launch products for containers and transport vehicles in 2026.
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