Healthcare startup Algocare raises 15 billion KRW in Series A investment

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Summary

Algocare, an AI-driven healthcare startup, closed a 15 billion KRW (150억) Series A round led by Starset Investment with participation from several VCs and banks. The company provides a B2B corporate nutrition management service, Algocare At Work, which uses AI and an IoT nutrition engine to blend personalized micro-dose supplements. Algocare reports rapid adoption with about 40 corporate customers (including LG Energy Solution, SK Square, POSCO E&C), 480,000 cumulative intake events, and over 88% retention. The company will use the funding to accelerate B2B expansion, pilot deployments with additional enterprise clients, and develop consumer (B2C) offerings and global expansion plans.

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Amount $11.5M Total raised
Date March 14, 2024 Announcement date
Investors L&S Venture Capital Lead investors
Company - Funded company

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