Queensbucket announced on the 21st that it has attracted $0.4 M USD (500 million won) from the Korea Technology Guarantee Fund and $1.3M USD (1.5 billion won) from KDB Infrastructure Asset Management.
Since its launch in 2012, Queens bucket is a startup company that manufactures premium sesame oil and perilla oil with low-temperature compression, and it has established a manufacturing plant in Yeoksam-dong and is improving traditional milling methods. It is located in major department stores and large discount stores in South Korea and has succeeded in entering foreign Michelin restaurants and premium markets along with investments from global accelerator Spark Lab. Last year, the company established a plant at a national food cluster(FoodPolis) in Iksan, North Jeolla Province and received HACCP and FDA certification.
The Queens Bucket is currently under construction in Dongdaemoon, Seoul, and is aiming to complete the construction in February. City-type mill produces and supplies fresh vegetable oils that are alive with nutrients in the city center, making it possible for fresh morning oil to rise to the city’s dinner table.
“After watching Queensbucket for a long time, we found that it is well equipped with patented differentiated production facilities, material management, brand management, and quality effects.”
Representative for KDB Infrastructure Asset Management.
“The advantage of ‘gristmill’ that are disappearing from cities is that they are consumed right away as they are manufactured and communicated in an open space. Based on the know-how and technical skills that Queensbucket has built, we have maximized the advantages of being seen as a space that has been shown in urban areas and has a sense of hygiene and expertise.”
CEO Park Jeong-yong of Queensbucket.