Covering Co., Ltd.

Based in South Korea, Covering Co. , Ltd. specializes in innovative waste collection services, simplifying recycling for both households and businesses through a user-friendly approach. Founded in 2020 in Seoul, South Korea, Covering Co.

, Ltd. provides waste management solutions that eliminate the need for sorting waste. The company has engaged in 3 deals and recently raised funds in November 2023, reflecting its growth trajectory. Seongjin Kang, the founder, has also led previous ventures in the waste management sector.

Covering offers a comprehensive waste collection service designed to simplify recycling for both residential and commercial clients. The core product is the Covering bag, which allows customers to dispose of waste without the need for sorting or separating materials. The service targets individuals and businesses looking for a more convenient solution to waste management, particularly those who may find traditional recycling processes cumbersome. Covering's model emphasizes ease of use, as clients can request waste collection at their convenience without adhering to a predetermined schedule.

This service is currently available in major urban areas, catering to a diverse clientele that includes households, small businesses, and larger corporate entities. Covering generates revenue through a direct-to-consumer model, where customers pay for waste collection services facilitated by their proprietary bags. The transaction structure revolves around individual service requests, allowing users to schedule pickups as needed. This flexible approach enables clients to manage waste on their own terms.

Although specific pricing details are not disclosed, the pricing reflects the convenience provided by the service, appealing to a wide range of customers from eco-conscious households to busy corporate offices. By integrating waste collection and recycling efforts into a unified service, Covering positions itself as a reliable partner in sustainable waste management, generating consistent revenue through repeat engagements. In November 2023, Covering Co. , Ltd.

raised an undisclosed amount of venture funding from Korea Investment Accelerator, with participation from New Paradigm Investment. This funding will be utilized to enhance service offerings and improve operational capabilities. The company plans to develop new products aimed at expanding its waste management solutions and is targeting expansion into additional urban markets in South Korea by 2024.