ZDVC, an early-stage startup investment firm, has made a seed investment in Studio Dashimulgeul, an eco-friendly materials development company. The investment amount was undisclosed.
Studio Dasimulgyeol is developing a new bioplastic material with industrial-grade strength and durability. Its unique feature is that it overcomes the durability issues previously identified as limitations of existing eco-friendly plastics using proprietary plant-derived nanofiber-based technology. Currently, it is commercializing "REO," a high-performance bioplastic product based on PHA (polyhydroxyalkanoate).
GD Ventures decided to invest in the technology because it highly evaluated the fact that it can be directly applied to existing manufacturing lines without separate investment in production facilities, and that it has the technological prowess and marketability to respond to the trend of strengthening global environmental regulations.
Since being selected for the 2023 Preliminary Startup Package, Studio Dasimulgyeol has proven its technological prowess by being selected for a series of major government projects, including the Minister of National Defense Award and selection as a Youth Entrepreneurship Academy. Furthermore, the company is expanding its business foundation by collaborating with the Korea Conformity Laboratories and the Clean Technology Research Institute of the Korea Institute of Industrial Technology, as well as securing its own production facility and major partners. Recently, the company won the Korea Environmental Industry & Technology Institute Director's Award at the Ministry of Environment's Environmental Startup Competition, further solidifying its growth momentum.
Based on this investment, Studio Dasimulgyeol plans to secure talent across all areas, including research and development, operations, and sales, and accelerate its global business expansion, aiming to enter the U.S. and Southeast Asian markets by 2026.
GD Ventures continues to make strategic investments in early-stage startups with technological prowess and growth potential. In the first half of this year, it invested in domestic and international startups across various fields, including AI content, global fintech, and premium liquor brands.
GD Ventures CEO Kim Ha-kyung said, “Studio Dasimulgyeol is continuing meaningful growth based on its competitive technology in the field of sustainable new materials,” and added, “We expect it to have a positive ripple effect on the entire eco-friendly materials industry in the future.”
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