About IDK Lab
IDK Lab is a company based in Daejeon (South Korea) founded in 2019.. IDK Lab has raised $2.88 million across 1 funding round from investors including Hanyang Korea and POSCO Capital. IDK Lab operates in a competitive market with competitors including Carbitex, DexMat, Matrix Food Technologies, Nanotex and Schoeller, among others.
- Headquarter Daejeon, South Korea
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Sectors
RetailTechnology Chemicals & Materials
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.88 M (USD)
in 1 rounds
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Latest Funding Round
$2.88 M (USD), Series A
Mar 23, 2022
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Investors
Hanyang Korea
& 1 more
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Employee Count
Employee Count
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Funding Insights of IDK Lab
IDK Lab has successfully raised a total of $2.88M through 1 strategic funding round. The most recent funding activity was a Series A round of $2.88 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $2.9M
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First Round
First Round
(23 Mar 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - IDK Lab | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IDK Lab
IDK Lab has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Hanyang Korea and POSCO Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sector-agnostic investments are pursued primarily in South Korea.
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Founded Year | Domain | Location | |
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High-tech piping solutions for semiconductors and displays are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IDK Lab
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - IDK Lab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Idk Lab Comparisons
Competitors of IDK Lab
IDK Lab operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carbitex, DexMat, Matrix Food Technologies, Nanotex and Schoeller, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Carbon-fibre induced materials are supplied for fashion applications.
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| domain | founded_year | HQ Location |
Carbon nanotube products are developed for commercial and consumer applications.
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| domain | founded_year | HQ Location |
Plant-based meat alternatives are manufactured without animal components.
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| domain | founded_year | HQ Location |
Nanotex is recognized for pioneering nanotechnology in textiles.
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| domain | founded_year | HQ Location |
Functional stretch fabrics and protective textiles are developed by Schoeller.
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| domain | founded_year | HQ Location |
Gelatin nanofibers are developed for textile applications by Gelatex.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about IDK Lab
When was IDK Lab founded?
IDK Lab was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is IDK Lab located?
IDK Lab is headquartered in Daejeon, South Korea.
Who is the current CEO of IDK Lab?
Hwang Won-Tae is the current CEO of IDK Lab.
Is IDK Lab a funded company?
IDK Lab is a funded company, having raised a total of $2.88M across 1 funding round to date. The company's 1st funding round was a Series A of $2.88M, raised on Mar 23, 2022.
What does IDK Lab do?
IDK Lab was established in 2019 in Yuseong District, South Korea. Functional nanofiber materials are produced through an electrospinning-based manufacturing approach. Nanofiber alignment spinning and yarn spinning techniques are applied to create membranes for various uses. Operations focus on the materials sector, with applications spanning textiles, healthcare, cosmetics, filtration, and defence. The company serves these industries from its base in South Korea.
Who are the top competitors of IDK Lab?
IDK Lab's top competitors include Carbitex, Matrix Food Technologies and Nibertex.
Who are IDK Lab's investors?
IDK Lab has 2 investors. Key investors include Hanyang Korea, and POSCO Capital.