Market of Material
Online trading platform for industrial steel materials.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
Market of Material Co., Ltd. operates Steelboso, a digital trading platform for industrial materials, with a primary focus on the steel industry. Founded in October 2019 and incorporated in March 2020, the South Korean company aims to digitize and resolve inefficiencies in traditional B2B transactions for industrial goods.
The company's core offering, the Steelboso platform, leverages AI, big data, and search technology to facilitate transactions. It serves as a marketplace for surplus, obsolete, and waste materials, connecting sellers with potential buyers. The platform provides services for managing and inspecting obsolete materials and features a system for recommending the utilization of surplus materials. A key feature is a waste material trading service that suggests optimal logistics companies.
Market of Material has achieved several milestones, including attracting investment from ETRI Holdings and Awesome Ventures in 2021. The company has secured multiple patents for its methods related to searching, trading, and utilizing industrial materials. It has also received certifications for venture business status and ISO 9001/14001. The business model appears to be centered on facilitating trades through its online platform, aiming to create a collaborative ecosystem for market partners.
Keywords: industrial material trading, steel marketplace, B2B e-commerce, surplus materials, online steel market, circular economy, waste material trading, supply chain technology, asset recovery, industrial by-products, digital procurement, scrap metal trading, materials management, South Korea, Steelboso, logistics optimization, heavy industry, venture capital, B2B platform, industrial tech