TEMCO, a Korean startup preparing supply chain based on bitcoin (RSK), announced it has successfully secured investment from Korea Investment Partners (KIP), a leading venture capital firm out of Korea. KIP has been investing in growing companies such as: Naver, Kakao, Korbit, DoubleU Games, Bithumb (largest Korean bitcoin exchange) and now TEMCO.
Envisioned as a public supply chain blockchain, TEMCO utilizes bitcoin smart contracts and public ledgers with the goal of building the next generation of supply chain management systems.
Korea Investment Partners (KIP) specifically invests in high growth sectors. The venture capital operates from global offices situated in Seoul, Shanghai, Beijing, and Sunnyvale-California. With a portfolio that spans across 30 years, the venture firm manages over 20 private equity funds and successfully invested in over 500 companies. Notable investments being: Daum Kakao – the most widely used Korean mobile messenger, Naver – the dominant search engine and web portal in Korea, etc. KIP will utilize their management expertise to accelerate TEMCO’s development.
Korea Investment Partners (KIP) joins a list of institutional investors that support the TEMCO project including: RSK – Bitcoin Smart Contract Platform, TLDR Capital – Global Cryptocurrency Investment Firm, Deblock – ICON Foundation Accelerator, and Blockchaini – Global Blockchain Accelerator.
“TEMCO is more than prepared to disrupt contemporary supply chain process. Not only does TEMCO exceed existing business solutions, but also is a prime example of the potential of blockchain technology. Korea Investment Partners is proud to be a leading investment partner for TEMCO.”
TEMCO is beginning the process of its public token sale with a target cap of $19 million. Starting now, the token sale whitelist is open with the pre-sale scheduled for November 2018.