Sejong Center for Creative Economy and Innovation (hereinafter referred to as Sejong Center) announced on the 16th that Pure Co., Ltd., a technology startup that received seed investment, attracted a total of KRW 2 billion in follow-up investment from domestic venture capitals (VCs) and the Korea Credit Guarantee Fund.
Pure Co., Ltd. is a representative success story that was discovered and nurtured from the prospective entrepreneur stage through the Sejong Center's 'Investment-type Incubation Program' with the support of Sejong City.
This company is producing functional raw materials with greatly improved bioavailability based on its own 'BMC method (Bioavailability Maximizing Composition)' developed to solve the problem of low bioavailability of functional substances such as vitamins and minerals. The raw materials are utilized across the food, bio, and pharmaceutical industries and are attracting attention in domestic and international markets.
Park Byeong-su, CEO of Pure, said, “Based on this investment, we will accelerate the expansion of our business based on the global community and the addition of production lines focused on monetization,” and “We will grow into a competitive raw materials company in the global healthcare market.”
Sejong Center Director Oh Deuk-chang said, “We will continue to discover innovative companies based in the region, strengthen the cooperation model between local governments and private investors, and faithfully fulfill our role as an investment accelerator to ensure the stable growth of local startups.”
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