Yeolda Company (CEO Chan-sol Lim), which operates Yeolda, a subscription-based home care platform based on organizing and organizing, announced on the 7th that it was finally selected for the Ministry of SMEs and Startups' technology startup support program TIPS.
TIPS is a program that collaborates with private investment firms and the government to discover and nurture startups with outstanding technological capabilities. This selection was made upon the recommendation of Seoul National University Technology Holdings, the operator of TIPS, which recently made a seed investment in Yeolda Company. Yeolda Company will receive up to 500 million won in research and development funding over the next two years.
Yeolda Company operates a home organizing service where experts diagnose your living space and then provide customized organizing, storage, and furniture rearrangement services. The company shifted the market structure, previously centered on expensive, one-time services, to a non-face-to-face subscription model. After the initial visit, a single expert performs only partial optimization, reducing service costs by over 80%.
The company emphasizes its core competitiveness in building a spatial data infrastructure that digitizes item-level data generated during the organizing process. Through this, the company aims to systematically accumulate and manage data generated in physical spaces and improve inefficiencies across the residential environment.
Yeolda Company plans to use the funds secured through this TIPS selection to advance its technology for automatically analyzing and managing data on objects within spaces. Going forward, the company plans to expand its services beyond simple organizing and storage services to include a spatial operating system, dubbed Space OS, that manages data within furniture.
Lim Chan-sol, CEO of Yeolda Company, said that the value of spatial data that the company has been pursuing has been recognized by the selection of TIPS following the seed investment from Seoul National University Technology Holdings, and that the company will grow into a subscription-based smart home platform that connects all aspects of life, including home management, cleaning, and repairs, by digitizing actual spatial data.
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