Estee Retail announced that it has attracted investment from Ernest Ventures and is expanding its business.
This financing was conducted through the Sangju-Ernest Ventures Investment Association, managed by Ernest Ventures. The investment was made with the strategic goal of increasing the value of agricultural and livestock raw materials, focusing on livestock resources, and transforming the company into a high-value-added industry based on processing and technology.
Estee Retail plans to use the secured investment to further refine its core manufacturing technologies, including wave freezing aging technology and stevia-based low-sugar technology. Furthermore, the company plans to enhance its manufacturing competitiveness by improving production facilities and expanding its automation system.
In addition, we plan to establish a stable production system by improving the data-based quality management system and diversify distribution channels such as business-to-business (B2B) transactions and public procurement markets to increase market accessibility.
CEO Kim Tae-seong expressed his expectation that this investment will serve as a turning point for the company, enabling it to further enhance its livestock-focused production and processing capabilities and expand its business foundation. He also expressed his commitment to establishing a sustainable growth system through a technology-driven restructuring of the agricultural and livestock industry.
Estee Retail is a savings-tech company that reprocesses undesirable agricultural products and low-grade livestock products using proprietary technology to enhance their value. It pursues both resource efficiency and added value creation. The recent trend across the foodtech and agtech industries is expanding investment in technology-based, high-value-added models.
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