Food Tech Company Ignis Secures 34.8 Billion KRW in Series B Funding

Last Year's Sales 50.2 Billion KRW
Targeting IPO in 2025

Food tech company Ignis (CEO Park Chan-ho) announced on the 11th that it has completed a Series B investment round worth 34.8 billion KRW, recognizing its potential for global growth. This round included participation from prominent investors such as Mirae Asset Capital, Villance Investment, Magna Investment, Sema Investment, Innopolis Partners, Kolon Investment, Hanwha Investment & Securities, and NICE Investment Partners.

Ignis, a startup founded in 2014 by co-founders CEO Park Chan-ho and Director Yoon Se-young, holds key products including the functional protein meal replacement "Lapnosh," chicken breast product "Hankkitongsal," and konjac brand "Grocery Seoul." Hankkitongsal ranked first in sales among chicken breast products sold on Naver and Coupang, while Lapnosh secured the number one spot in the protein drink category at GS25 and CU convenience stores. Based on this, the company achieved sales of 50.2 billion KRW last year and aims to go public by 2025.

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Ignis plans to focus on global expansion through this investment. Through a strategic partnership with Japan’s largest drugstore ‘Plaza,’ Lapnosh and Grocery Seoul have been placed in the ‘K-Food Healthy Meal’ section, and Lapnosh and Kloop have started sales in the United States. Additionally, in August last year, Ignis acquired Xolution (based in Munich, Germany), which holds technology for resealable caps, and is collaborating with leading global beverage companies. The resealable cap developed by Xolution allows the lid of canned beverages to be closed again, enabling resealing and preserving carbonation for over six months.

Park Chan-ho, CEO of Ignis, said, "This investment is highly meaningful as it recognizes Ignis’s brand capabilities and global growth potential. By supplying Xolution’s resealable caps and collaborating with various global beverage brands, we will introduce new brands beyond our core products, including beer, energy drinks, and coffee, and grow into Asia’s top food brand developer."

This content was produced with the assistance of AI translation services.