Specialty polymer materials company AM Solution raises $3 billion in Series A funding

AM Solution, a leading specialty polymer materials company, today announced that it has secured a Series A investment of 3 billion won, bringing its cumulative investment to 3.6 billion won.

The Series A investment was led by Korea Investment Partners, Shinhan Capital, EcoPro Partners, and the Credit Guarantee Fund.

Founded as a venture company in 2014, AMSolution initially focused on the high-performance golf ball material business, but has since grown by switching to the high-performance elastomer (elastomer) field.

Since its conversion to a corporation in 2018, AMSolution has recorded brand sales of 2.4 billion won in 2022, with expected sales of 10 billion won in 2023, and is targeting 50 billion won by 2025.

Hwang Jin-taek, CEO of AMSolution, said, "Our goal is to build AMSolution into an unrivaled leader in the field of polymer material applications." "We plan to utilize this investment to expand sales, recruit personnel, invest in facilities, and upgrade internal systems, and promote win-win cooperation with global companies through continuous material development."

Dr. Jin-taek Hwang, the founder of AMSolution, is the youngest Ph.D. graduate from KAIST and was the youngest particle and principal researcher at Samsung Advanced Institute of Technology, and later served as the head of the research center of Hyundai Advanced Materials' parent company, E-Polymer.