Innohas
3 known investors
Innohas offers a collection of hundreds of recipes designed to be prepared simply using a microwave, along with recommended recipes and member events. The site is aimed at home cooks and appears to relate to microwave-based cooking products or content.
Also known as INNOHAS ยท Inohas ยท Inohas Co., Ltd. ยท ์ด๋ ธํ์ค ยท ์ฃผ์ํ์ฌ ์ด๋ ธํ์ค
Investors ยท 3
Also in the syndicate ยท 1
Company profile
researched Aug 2026Innohas (Inohas Co., Ltd.; Korean: ์ฃผ์ํ์ฌ ์ด๋ ธํ์ค) is a South Korean food technology company that researches, develops, manufactures and sells plant-based alternative meat and home meal replacement (HMR) products. Its range includes charcoal-grilled style plant-based galbisal and jeyuk (pork-style) products, hamburg steak, dumplings such as kimchi-jeyuk mandu, and frozen kimbap lines using plant-based bulgogi, jeyuk, tuna, seasoned squid and pulled-pork style fillings. The company is developing plant-based beef, chicken and pork products as part of its roadmap.
The business combines OEM/ODM manufacturing for food companies and retailers in South Korea and the United States under private label with its own consumer brands. It launched the B2C brand 'MEAT FREE-DOM' in June along with charcoal-grilled plant-based galbisal and jeyuk products, and also markets the brand 'Sunlit Foods' internationally. The company's own online store sells products directly to Korean consumers and promotes microwave-based recipes, member events and review-point promotions, alongside sections for company information, manufacturing facilities, OEM/ODM and B2B purchasing.
Innohas is led by CEO and co-founder Park Jisoo (Jeesu Park). It is headquartered in South Korea, with a listed business address in Jecheon, Chungcheongbuk-do and a Seoul office in Gangnam-gu; a directory profile lists Seoul as its location.
Founding story
Innohas was founded in November 2021 as a startup focused on the research, development, manufacture and sale of plant-based alternative meat, drawing on proprietary patented technology and a team of professionals with approximately 30 years of industry experience.
Business model
Innohas manufactures plant-based meat and home meal replacement products, selling through OEM/ODM private-label production for food companies and retailers in South Korea and the United States, through its own branded products ('MEAT FREE-DOM', 'Sunlit Foods') in domestic and export markets, through B2B purchasing channels, and direct-to-consumer via its own online store.
Revenue comes from the sale of manufactured plant-based food products: contract/private-label OEM and ODM production, B2B and retail distribution, and direct online consumer sales of packaged frozen items priced from roughly 3,500 to 10,000 KRW per unit.
Traction
Annual revenue has grown steadily since the 2021 launch, including 90% growth in 2023. The company supplies OEM products to food companies and retailers in South Korea and the US, distributes its Sunlit Foods brand across eight overseas markets, and tripled production capacity with a second factory opened in early 2024. Cumulative investment surpassed 10 billion KRW within one year of establishment.
Latest developments
In July 2024, VinaCapital Ventures announced an investment in Innohas to support entry into Vietnam and Southeast Asia, including locally tailored products and strengthened local production and distribution networks. Earlier in 2024 the company opened a second, larger plant-based production facility that tripled capacity.
โธFull profile โ market position, technology, go-to-market, geography, history
Market position
Innohas positions itself as a scaled Korean manufacturer of plant-based meat alternatives, having reached mass production early to secure competitive pricing and quality consistency; Euromonitor estimated the global plant-based meat alternative market at US$6.4 billion in 2023.
The company attributes its differentiation to patented technology that resolves the bean odour and texture problems associated with plant-based alternative meat, protein-structuring technology that mimics meat texture, early scaling to mass production for pricing and consistency, and a team with roughly 30 years of sector experience.
Technology
The company states it holds patented core technology that removes the off-odours and off-tastes commonly found in plant-based proteins rather than masking them with additional ingredients, and additional technology for structuring plant-based proteins to closely mimic the texture of meat. It operates its own manufacturing facilities, including a carbon-reducing 'Greener Food Factory' expansion and a second plant described as Korea's largest plant-based specialised factory.
Go-to-market
Innohas sells through OEM/ODM contracts with established food companies and retailers, its own branded retail lines distributed in Korea and internationally, participation in domestic and international exhibitions and events to build brand awareness, and an owned e-commerce site supported by member events, review-point incentives and social/messaging channels including KakaoTalk, Facebook, YouTube, Instagram and a blog.
Food companies and retailers seeking private-label plant-based products in South Korea and the US, international distributors in Europe, North America, Africa and Oceania, and home cooks buying frozen plant-based meals and kimbap directly online.
Geography
Headquartered in South Korea, with a facility address in Jecheon, Chungcheongbuk-do and a Seoul office in Gangnam-gu. Products are sold in Korea and exported to the United States, Canada, France, Germany, the United Kingdom, South Africa, Australia and the Netherlands, with planned expansion into Southeast Asia including Vietnam and Indonesia and the establishment of a US branch.
History
Founded in November 2021, Innohas raised 7 billion KRW in a Series A round in March, four months after establishment. In June it entered the B2C market with its own brand 'MEAT FREE-DOM' and charcoal-grilled plant-based galbisal and jeyuk products, later adding plant-based charcoal-grilled galbi dumplings and kimchi-jeyuk dumplings for the winter food market. In January 2023 it announced a 3.5 billion KRW Series A bridge round, taking cumulative investment past 10 billion KRW within a year of founding. In early 2024 it opened a second facility described as Korea's largest plant-based specialised factory, tripling production capacity, and in July 2024 VinaCapital Ventures announced an investment to support expansion into Vietnam and Southeast Asia.
Compiled by commissioned research from 7 cited public sources โ announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed โ not independently audited.
Timeline ยท 6
launches, deals, and filingsVinaCapital Ventures announced an investment in Innohas to facilitate expansion into Vietnam and Southeast Asia, including locally tailored product development and local production and distribution networks.
Innohas opened its second facility, described as Korea's largest plant-based specialised factory, tripling production capacity.
Innohas announced a 3.5 billion KRW Series A bridge round with new investors Industrial Bank of Korea and Ascendo Ventures plus follow-on investment from F&F Partners and Shinhan Venture Investment; funds earmarked for a US branch, a new plant-based HMR brand and global expansion.
Innohas entered the B2C market with its own brand 'MEAT FREE-DOM' and new products including plant-based charcoal-grilled galbisal and plant-based charcoal-grilled jeyuk.
Four months after establishment, Innohas raised 7 billion KRW in Series A funding, proceeds directed in part to expanding its carbon-reducing 'Greener Food Factory'.
The company introduced two products, plant-based charcoal-grilled galbi dumplings and plant-based kimchi jeyuk dumplings, aimed at the winter food market.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
โธResearch sources ยท 7
primary sources listed
- Innohasinnohas.com ยท web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Innohas do?
- South Korean food-tech manufacturer of plant-based meat and home meal replacement products for retail, OEM and export.
- Who are Innohas's investors?
- Innohas's investors include Ascendo Ventures, VinaCapital Ventures.