NewKIDS INVESTMENT Fuels Growth of Three Regional Startups : Waro, Dello, and LPartners
Korean VC NewKIDS INVESTMENT has made seed investments in three regionally-focused startups: Waro, Dello, and LPartners.
Located in Jinju, Gyeongsangnam-do, Waro operates as an online and offline food platform aimed at fostering a healthy local community. It runs Waro Salad, a salad social franchise, leveraging local ingredients to offer fresh and safe food options, while addressing climate change by shortening distribution channels. Additionally, it functions as a social enterprise by assisting socially vulnerable youths to more stably integrate into society.
Dello, situated in Cheongju, Chungcheongbuk-do, specializes in manufacturing educational assembly kits called ‘artbot’ using eco-friendly paper, bolts, and nuts. By developing three-dimensional paper kits that can be folded, colored, and assembled, Dello aims to promote environmental protection and assist children in creating a healthy and joyful future.
LPartners, based in Sejong City, provides entrepreneurial small business owners with services such as cash flow forecasting and management, fundraising, and optimizing financial structures. Its flagship service, ‘Cash Shepherd,’ offers management consulting across various domains such as sales, marketing, HR, and finance, acting as a growth partner for businesses.
Minji Lee, team leader at NewKIDS INVESTMENT, stated, “Region-based startups hold significant potential to invigorate local economies and address social issues. Waro, Dello, and LPartners all possess innovative business models capable of positively impacting local communities. This investment aims to support their growth and contribute to the development of the region-based startup ecosystem.”
Oh Hyung-rae, CEO of Waro, shared, “Although we started in the small region of Jinju, Gyeongsangnam-do, we have been dedicated to enhancing our product and service competitiveness. This investment marks a significant milestone for us to evolve from a local brand into a national one.”
Kim Dong-yoon, CEO of Dello, remarked, “Following the investment, we are concentrating on expanding our offline presence to enhance our engagement with children and facilitate direct communication. Additionally, we are preparing to venture into international markets beyond the domestic scene.”
Lee Han-wook, CEO of LPartners, commented, “This investment will enable us to advance our Cash Shepherd solution, laying a robust foundation for startup growth. LPartners is committed to partnering with startups to jointly explore new market opportunities.”
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