Brand commerce company Byte Lab has attracted an investment of more than 10 billion won, according to venture investment information platform The VC on the 27th. Domestic venture capital firm Atinum Investment participated in the round, with CJ Olive Young joining as a strategic investor (SI).
This marks the first time Byte Lab, founded in 2020, has raised external capital. Including its subsidiaries, the company's annual revenue last year was approximately 60 billion won.
Byte Lab operates a portfolio of in-house brands, including hair care brand "lilyeve," skin care brand "Saekdong Seoul," and lifestyle brand "Baruner." The company plans to channel the new funding into research and development (R&D) of next-generation strategic products, the enhancement of business infrastructure, and the recruitment of key talent. In particular, it plans to hire more than 30 additional top-tier professionals from Korea and abroad by the second half of this year.
Modakbul Energy Secures 700 Million Won in Funding
Climate tech startup Modakbul Energy has successfully raised 700 million won in seed funding from Schmidt, Sopoong Ventures, and Solid X.
Founded in 2025 by energy experts from Seoul National University, Modakbul Energy provides a heat pump subscription service based on a renewable thermal energy platform. The company's distinguishing feature is offering an integrated service covering the entire process, including energy savings analysis, optimized installation, and operational monitoring of heat pumps.
A heat pump is a device that uses electricity as its power source to absorb heat from outside air and supply floor heating and hot water. While installation costs run five to 10 times higher than conventional boilers, heating bills are reduced by more than half over a 10- to 15-year usage period.
With this investment, Modakbul Energy plans to focus on expanding nationwide its subscription model that connects investors with households facing heating difficulties. Under the model, users install heat pumps without any initial capital outlay and pay a portion of their reduced heating costs as a subscription fee, while investors generate returns through this arrangement. The company is currently rolling out the service to roughly 100 small business owners, detached houses, and social welfare facilities across the country.
Tesollo Attracts Strategic Equity Investment
Tesollo, a humanoid robot hand specialist, has completed a strategic equity investment from Daesung Hi-Tech. Founded in 2019, Tesollo specializes in multi-jointed robot hands and grippers, pursuing proprietary mechanism design, motor control, firmware, and application development. On this basis, the company has supplied robot grippers to Samsung Electronics, LG Electronics, and Delta Electronics. More recently, it co-developed fingertip changer technology with a research team at Hanyang University.
The company plans to strengthen its collaboration with Daesung Hi-Tech through this investment. Leveraging its existing ultra-precision machining technology and automated inspection equipment development capabilities, Daesung Hi-Tech intends to participate in building Tesollo's mass production system for robot hands and to establish a mid- to long-term cooperation framework within the humanoid robot industry.
