About UpBox
UpBox is a company based in Seoul (South Korea) founded in 2019 by Keunho Kim.. UpBox has raised $11.75 million across 1 funding round from investors including Goldman Sachs, Industrial Bank of Korea and unknown. UpBox offers products and services including Waste Collection Service and Waste Reporting Platform.
- Headquarter Seoul, South Korea
- Founders Keunho Kim
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Sectors
Environment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Reco Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.75 M (USD)
in 1 rounds
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Latest Funding Round
$11.75 M (USD), Series B
Jan 25, 2023
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Investors
Goldman Sachs
& 2 more
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Employee Count
Employee Count
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Products & Services of UpBox
UpBox offers a comprehensive portfolio of products and services, including Waste Collection Service and Waste Reporting Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for collecting and disposing business waste types efficiently.
Platform for monitoring and reporting waste volumes and legal compliance.
Funding Insights of UpBox
UpBox has successfully raised a total of $11.75M through 1 strategic funding round. The most recent funding activity was a Series B round of $11.75 million completed in January 2023. 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 B — $11.8M
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First Round
First Round
(25 Jan 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - UpBox | 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 UpBox
UpBox has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Industrial Bank of Korea and unknown. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Industrial bank
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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 UpBox
| 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.
|
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 - UpBox
| 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 |
Upbox Comparisons
Competitors of UpBox
| 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 UpBox
When was UpBox founded?
UpBox was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is UpBox located?
UpBox is headquartered in Seoul, South Korea.
Who is the current CEO of UpBox?
Keunho Kim is the current CEO of UpBox. They have also founded this company.
Is UpBox a funded company?
UpBox is a funded company, having raised a total of $11.75M across 1 funding round to date. The company's 1st funding round was a Series B of $11.75M, raised on Jan 25, 2023.
What does UpBox do?
UpBox was founded in 2019 in Seoul, South Korea, by Keunho Kim, who serves as CEO. Operations focus on waste management within the environmental services sector. Collection services for various waste types are handled, supporting urban sustainability efforts. The company operates primarily in the South Korean market, with domain upbox.us facilitating online engagement. Geographic emphasis remains on Seoul-based activities.
What products or services does UpBox offer?
UpBox offers Waste Collection Service and Waste Reporting Platform.
Who are UpBox's investors?
UpBox has 3 investors. Key investors include Goldman Sachs, Industrial Bank of Korea, and unknown.