Beflex Inc.
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Beflex Inc. - overview
Established
2016
Location
Seoul, -, South Korea
Primary Industry
Consumer Products
About
Based in Daejeon, South Korea, and founded in 2016, Beflex Inc. operates as a product company that develops a motion analysis solution BiomechEngine, integrated with its patented biomechanics algorithm that is analyzed from sports wearables such as its wireless earbuds called Beflex Coach. In June 2022, Beflex Inc. raised KRW 3.
6 billion in series A funding from Magellan Technology Investment, and HB Investment, NVC Partners, and Olive Healthcare Inc. Beflex Inc. is a company that has developed a sports wearable IoT device for real-time monitoring and coaching of runners. The ear-worn motion extraction system is intended to track the runner's momentum, measure running performance and safety, provide voice coaching, and conduct running analysis.
The device uses head motion data to provide runners with precise information about their running form.
Current Investors
HB Investment, Magellan Technology Investment, Olive Healthcare Inc.
Primary Industry
Consumer Products
Sub Industries
Consumer Electronics, Recreational Hobbies & Sporting Goods, Healthcare IT, Monitoring Equipment
Website
www.beflex.co
Verticals
HealthTech, Manufacturing, Wearables & Quantified Self
Company Stage
Series A
Total Amount Raised
Subscriber access only
Beflex Inc. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 64,040,000 | 114,586,000 | - | - | - |
| % Revenue Growth (YoY) | - | 78.9% | - | - | - |
| EBITDA (USD) | - | - | - | - | - |
| Operating Income (USD) | (915,202,000) | (1,030,131,000) | - | - | - |
| Operating Margin | (1429.1%) | (899.0%) | - | - | - |
| % EBITDA Margin | - | - | - | - | - |
| NET Income (USD) | (349,099,000) | (239,220,000) | - | - | - |
| % Net Margin | (545.1%) | (208.8%) | - | - | - |
Beflex Inc. - employee data
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