General Bio, a company known to be socially and environmentally responsible has received a total of US$4.6m (KRW 5.3b) investment from Mirae Assets, L&S Venture Capital, Coolidge Corner Investment and SJ Investment Partners. The company which kicked off in 2007 is a producer of organic laundry detergents and fabric conditioners. The R&D oriented company has continued to develop products that are environmentally friendly and biodegradable.

Although the socially responsible status is noteworthy, the company is making headlines for receiving an investment from technical venture capitals. The investments companies have all based their investment decision around General Bio’s technology, potential, and operational capabilities.

In July 2015, General Bio established an independent distribution network and this investment will be put towards building a 30,000 square feet factory with CGMP facilities. This facility will enable General Bio to experience further future growths. In June 2015, the company was formally registered for listing onto the KOSDAQ with IPO targeted for 2017.

Related Article List

‘COMEUP 2023’ Concludes with a Grand Finale, Establishing Itself as the leading Global Startup Event in South Korea Gadget Korea Showcases Superalink eSIM Platform at GITEX 2024 in Dubai, Transforming Global Data Roaming 인도어팜용 기능성 품종 개발 ‘파미레세’, 시드 투자 유치 감속 기술 개발 전문 ‘디알드라이브’, 중기부 팁스 프로그램 선정 환자별 맞춤 의료기기 솔루션 개발 ‘시안솔루션’, 씨엔티테크로부터 투자 유치