Clean Energy Trading Platform 'CnerG' Secures 4 Billion KRW in Pre-Series A Round

CnerG, a global clean energy trading company, is making significant strides to activate the domestic and international carbon-neutral market. In June, CnerG was selected as a target company for the "Baby Unicorn Development Project" under the Ministry of SMEs and Startups' "Global Unicorn Project." In the ongoing Pre-A Bridge Round, the company secured 4 billion KRW in investment from Hana Ventures and Samho Green Investment, laying the foundation for its growth into a global unicorn company.

VC Investment Event with 11 Local Start Ups and 20 VCs: CnerG Secures 2 Billion KRW Investment from Samho Green Investment...

More and more investors are eyeing start ups in Gwangju. The city's efforts to facilitate pre-exchanges between local startups and investors, leading to substantial investment, seem to be paying off. On the 16th, Gwangju hosted the "2024 Startup Festival Investment Presentation (IR)" with representatives from 11 startups, 20 investors, and about 50 related organizations. This event served as a pre-exchange and checkpoint before the "2024 Gwangju Startup Festival," scheduled for November, to help startups secure actual investments.

Ministry of SMEs and Startups Selects Two Gwangju Companies as ‘Baby Unicorns’

Gwangju City announced on the 3rd that Biot Korea (CEO Jang Young-jun), a developer of medical devices for therapeutic substance delivery, and CnerG (CEO Jin Yong-nam), a renewable energy trading platform, were selected as "baby unicorns" by the Ministry of SMEs and Startups. Biot Korea completed a Series A funding round of over 4 billion KRW in 2021 from Korea Investment Partners and Chonnam National University Tech Holding, and also won an innovation award at CES 2023. CnerG developed a clean energy trading platform aimed at achieving RE100 (100% renewable energy usage) targets, which is a key issue for global companies.

Two Gwangju Companies Selected as ‘Baby Unicorns’ by Ministry of SMEs and Startups, Accelerating Growth Towards Global Unicorn Status

Gwangju Metropolitan City announced on the 3rd that Biot Korea (CEO Jang Young-jun), a developer of medical devices for therapeutic substance delivery, and CnerG (CEO Jin Yong-nam), a renewable energy trading platform, were selected as "baby unicorns" by the Ministry of SMEs and Startups, which supports startups with high potential to grow into global unicorns.

Two Gwangju start ups Biot Korea and CnerG Selected as ‘Baby Unicorns’ by Ministry of SMEs and Startups

Gwangju Metropolitan City announced on the 3rd that the Ministry of SMEs and Startups has selected Gwangju-based companies Biot Korea (CEO Jang Young-jun), a developer of medical devices for therapeutic substance delivery, and CnerG (CEO Jin Yong-nam), a renewable energy trading platform, as "baby unicorns" as part of their global startup growth initiative. According to the city, the Ministry has been helping promising startups and venture companies verified through market validation and investment to grow into global unicorns through the "K-Unicorn Project" since 2019. So far, 250 baby unicorns and 111 pre-unicorns have been selected.