Global Carbon Neutrality Solution 'CnerG' Secures 13.2 Billion KRW in Funding

CnerG, a global carbon neutrality solutions provider, announced on the 21st that it has secured a 13.2 billion KRW (~USD 10 million) pre-Series A bridge investment. The company's practical achievements in clean energy trading received high praise from investors. This funding round saw participation from existing investors like KB Investment, Hana Ventures, BNK Ventures, and iM Investment Partners, as well as new investors including SGC Partners, K-R Ventures, Brite Energy Partners, Hanwha Investment & Securities, Samho Green Investment, and Astone Ventures. Notably, Brite Energy Partners, Korea’s largest independent solar power operator, and SGC Partners, the corporate venture capital (CVC) arm of energy company SGC Energy, participated as strategic investors (SI), highlighting CnerG's potential for future growth.

CnerG and Association of SMEs Sign MOU to Achieve Carbon Neutrality for Small and Medium Enterprises

CnerG, a global clean energy trading solutions company, is expanding its efforts to stimulate the domestic and international carbon-neutral market. On the 31st, CnerG announced that it had signed an MOU with the Korea Association of SMEs to strengthen carbon-neutral capabilities for domestic SMEs. Through this MOU, CnerG will provide services related to carbon accounting and carbon offsetting for the 7,000 members of the federation. A CnerG official stated, "Global supply chains are increasingly demanding RE100 compliance and carbon neutrality from many export-oriented SMEs in Korea. We expect CnerG's comprehensive, globally recognized carbon-neutral solutions to be helpful."

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.