K-ICT Born2Global, a start-up accelerating center sponsored by the Ministry of Science, ICT and Future Planning, announced that its member company “DoubleH” attracted “Global Star Fund for New Growth Engines” from L&S Venture Capital on May 12.
DoubleH developed a smart wearable diet belt “LumiDiet” using light therapy technology. The company claims that the device helps break down abdominal fat and reduce abdominal obesity.
DoubleH CEO Lee Kyung-han said, “I think the company was able to attract investment since the device with trendy design can help consumers lose fat easily and effectively as they are always concerned about weight gain. We are planning to accelerate business expansion to global markets, including the U.S., Europe and Southeast Asia, in the future.”
All of “Super Early Bird” from DoubleH were sold out within three days after its release at Indiegogo, the global crowdfunding platform, last month, making a successful debut in the crowdfunding market.
Meanwhile, Born2Global Center is running the K-Global Startup Hub at the startup campus in Pangyo, Gyeonggi Province. Since March, it has been fostering 46 companies which were selected based on the evaluation of business value, technology and organizational competency.
K-ICT Born 2 Global Center President Kim Jong gap said, “As all of our member companies’ efforts are combined with steady support from the center, we are seeing them make good results, including DoubleH. We will fully support a full cycle service from providing space to mentoring to startups who seek to expand their businesses to global markets so they can run businesses more stably.”