Jumidang, an AI-driven foodtech company, has secured 5.5 billion KRW in pre-Series A funding to enhance its technology and market reach.

Target Information

Jumidang, an AI-driven foodtech company, has successfully secured a pre-Series A funding round totaling 5.5 billion KRW, as announced by the Gwangju Information and Culture Industry Promotion Agency (GICON) on the 29th. This funding round attracted several major domestic investors, who were drawn by Jumidang's stable business model, the growth potential of the AI-based foodtech market, and its demonstrated revenue growth.

Leveraging data analysis to enhance product planning and streamline production and distribution processes, Jumidang has experienced rapid growth. The company's business model, which integrates consumer data with AI algorithms, has established a distinct competitive advantage, making it a focal point within the investment community.

Industry Overview

In South Korea, the foodtech industry is undergoing significant transformation driven by advancements in artificial intelligence and data analytics. With a growing consumer demand for personalized food solutions,