PureSpace, a South Korean food tech startup specializing in ethylene gas reduction to enhance the freshness of produce, secured 6 billion KRW in Series A funding from Altos Ventures.

Information on the Target

PureSpace, a South Korean food tech startup established in 2018, has developed an innovative catalytic system that significantly reduces ethylene gas, which is responsible for the ripening and spoilage of fruits and vegetables. This proprietary technology addresses the limitations of existing ethylene removal devices and filters, allowing for a remarkable enhancement in the freshness of produce during transportation.

In practical environmental simulation tests, PureSpace confirmed its capability to reduce ethylene levels by over 90%. The company has tested its technology with major global retailers, including Carrefour in France and Lotte Mart in South Korea, demonstrating a more than 50% reduction in food waste and extending the shelf life of certain products twice as long.

Industry Overview in South Korea

The food tech industry in South Korea is rapidly evolving, with a growing emphasis on sustainability and reducing food waste. Recent regulations by the European Union to lega