RNR Lab Secures Additional KRW 2.4 Billion for Advanced Semiconductor Technologies

South Korean semiconductor thermal processing equipment startup RNR Lab has secured an additional KRW 1.84 billion from KCLAVIS Investment and KRW 1 billion from the Korea Credit Guarantee Fund (KODIT).

With this latest funding, the company’s total investment since last year has surpassed KRW 4.6 billion. Moreover, through KODIT’s Little Penguin Program, RNR Lab has secured an additional KRW 1.5 billion in credit loans to support technological advancements.

RNR Lab specializes in developing laser-based thermal processing equipment essential for manufacturing semiconductors, LEDs (Light Emitting Diodes), and power devices. The company’s patented technology boasts higher productivity and enhanced process stability compared to its competitors. It is recognized for its critical technologies needed for next-generation memory production, and is currently conducting process evaluations with two major domestic corporations, further enhancing its equipment.

Jeongdo Ryu, CEO of RNR Lab, commented, “The recognition of our technological capabilities by the semiconductor equipment industry, our existing investors, and KODIT is significant. The funds will be used for equipment upgrades and talent acquisition, targeting KRW 10 billion in sales by 2025 and an IPO by 2027.”

Additionally, RNR Lab has been selected and supported by the Gyeonggi CCEI as part of the 2023 Korea Institute of Startup & Entrepreneurship Development (KISED) Startup Promotion Package. The company is achieving notable results, including follow-up support and investment attraction through a business linkage with the National Technology Trading Platform (Semiconductors) planned for 2024.

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