Reusable container service company Itgreen announced on the 15th that it recently attracted Series A investment. In this investment, Arc Impact Asset Management, Regent Partners, and Korea Investment Accelerator participated as new investors, and existing investors SGC Partners and Lotte Ventures also participated in follow-up investments. The specific investment amount was not disclosed.
“This investment will accelerate business expansion and service innovation,” said Itgreen CEO Kim Seon. “We plan to enhance our services by expanding new delivery areas and developing containers so that more people can easily use reusable containers.”
Founded in 2021, Itgreen provides sustainable circular services by integrating the entire process from development of reusable containers, platform linkage, logistics, and cleaning. In January, it received eco-label certification from the Korea Environmental Industry & Technology Institute in recognition of its improved resource circulation.
Based on this investment, Itgreen plans to focus on expanding its business. The investment will be used to expand new delivery areas and strengthen franchise sales, and it will expand its reusable container business by developing new containers that can be used in various spaces.
“Itgreen is a company with an innovative business model that realizes a circular economy,” said Wonjun Kim, manager of ArcImpact Asset Management, which led the investment. “We expect this investment to help the company leap forward as a key player in the reusable container market.”
Sanghoon Byun, an auditor at Korea Investment Accelerator who participated in the joint investment, said, “Eatgreen is successfully realizing the mission of the times called ESG through its reusable container business,” and “It is a company that effectively solves the complex needs of various market participants such as restaurants, delivery platforms, and the government, and we expect significant growth in the future.”
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