Enhans (fka Viral Pick, a Seoul, South Korea-based AI commerce solutions startup, has raised KRW 7.5 billion (approximately $6.3 million) in Series A funding.
SaaS Investors
The round was led by Hyundai Venture Investment, L&S Venture Capital, and KDB Capital, with participation from new investors Timefolio Asset Management and AOA Capital Partners.
Founded in 1997, Hyundai Venture Investment Corporation is the corporate venture capital arm of Hyundai Finance Corporation. The firm prefers to invest in seed-stage, early-stage, and later-stage companies. The firm seeks to invest in consumer products, consumer services, information technology, healthcare, manufacturing, life sciences, e-commerce, oncology, TMT, mobile commerce, and ad tech sectors in Asia.
L&S Venture Capital is a venture capital firm specializing in incubation, seed, early, and expansion-stage investments. The firm focuses on early-stage funding for innovative new technology companies. Founded in 2006 and headquartered in Seoul, South Korea.
KDB Capital is a credit specialty company that operates as a subsidiary of the Korea Development Bank. The company offers venture capital, mezzanine, PE, project investment services, loans, working capital, structured and project financing, factoring, industrial machinery lease, medical equipment lease, and ship lease services. Founded in 1972, KDB Capital is based in Seoul, South Korea.
Enhans Use of Funds
The funding will support the company's expansion into North America, Europe, and Southeast Asia.
About Enhans
Founded in 2021, Enhans develops action-based AI models that manage real-time product information from around the world. The company has registered 11 patents for big data and automation in the United States and Korea, and it currently offers SaaS (Software-as-a-Service) services on a subscription basis. The company offers subscription-based SaaS solutions to help brands enter domestic and international commerce markets, including Amazon, Shopee, and others. Major domestic companies like Samsung Electronics are already using Enhans' solutions.
Funding Details
Company: Enhans
Raised: KRW 7.5B
Round: Series A
Funding Month: July 2023
Lead Investors: Hyundai Venture Investment, L&S Venture Capital, and KDB Capital
Additional Investors: Timefolio Asset Management and AOA Capital Partners
Company Website: https://viralpick.tech/
Software Category: AI Commerce Solutions
Source: https://wowtale.net/2023/09/10/63165/