About Simple Planet
Simple Planet is a company based in Seoul (South Korea) founded in 2021 by Ildoo Jeong.. Simple Planet has raised $7.5 million across 2 funding rounds from investors including Pulmuone, DCP and Easy Holdings. Simple Planet operates in a competitive market with competitors including Thyssen Biopharmaceuticals, HN Novatech, Innohas, DaNAgreen and SEAWITH, among others.
- Headquarter Seoul, South Korea
- Founders Ildoo Jeong
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.5 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Seed
Feb 14, 2024
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Investors
Pulmuone
& 9 more
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Employee Count
Employee Count
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Funding Insights of Simple Planet
Simple Planet has successfully raised a total of $7.5M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $6 million completed in February 2024. 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 2
- Last Round Seed — $6.0M
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First Round
First Round
(01 Jun 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - Simple Planet | Valuation | DCP , MYSC | |
| Jun, 2022 | Amount | Seed - Simple Planet | Valuation | Pulmuone |
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| 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 Simple Planet
Simple Planet has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Pulmuone, DCP and Easy Holdings. 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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Private equity investments are managed across multiple sectors by DCP.
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Founded Year | Domain | Location | |
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Health-focused venture capital investments are made in US sectors.
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Founded Year | Domain | Location | |
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Pathfinder H is engaged in venture capital investments for startups.
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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 Simple Planet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 - Simple Planet
| 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 |
Simple Planet Comparisons
Competitors of Simple Planet
Simple Planet 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 Thyssen Biopharmaceuticals, HN Novatech, Innohas, DaNAgreen and SEAWITH, 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 |
Lab-grown meat substitutes are offered via an online platform.
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| domain | founded_year | HQ Location |
Platform offering alternative meat products
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| domain | founded_year | HQ Location |
Plant-based meat substitute novel food products are developed by Innohas.
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| domain | founded_year | HQ Location |
Provider of scaffolds to culture cells in 3D
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| domain | founded_year | HQ Location |
Cultured meat products are developed from seaweed using lab-based methods.
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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 Simple Planet
When was Simple Planet founded?
Simple Planet was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Simple Planet located?
Simple Planet is headquartered in Seoul, South Korea.
Who is the current CEO of Simple Planet?
Ildoo Jeong is the current CEO of Simple Planet. They have also founded this company.
Is Simple Planet a funded company?
Simple Planet is a funded company, having raised a total of $7.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 01, 2022.
What does Simple Planet do?
Provider of plant-based cultivated meat. It uses cell cultivation technology for alternative meat production. Its plant-based meat alternatives include beef, pork, chicken, and seafood.
Who are the top competitors of Simple Planet?
Simple Planet's top competitors include DaNAgreen, HN Novatech and Thyssen Biopharmaceuticals.
Who are Simple Planet's investors?
Simple Planet has 10 investors. Key investors include Pulmuone, DCP, Easy Holdings, MYSC, and Prolog Ventures.