The South Korean startup, Carbon Neutral Research Institute (CNRI), has developed ‘LynC,’ a simplified SaaS for managing Life Cycle Assessments (LCA). CNRI recently secured funding in its pre-Series A round with investments from Seoul Techno Holdings, GS Ventures, and MYSC. ‘LynC’ streamlines the LCA calculation and management process, reducing costs and time by approximately 95% compared to traditional consulting services. This platform not only enhances product competitiveness through LCA analysis results but also ensures compliance with various LCA regulations and Scope 3 linkages.

CNRI has gained recognition for its technological and competitive edge by securing major clients across diverse industries, including GS Caltex, Amore Pacific, and LG Science Park.

Seoul Techno Holdings discovered CNRI through an open innovation program with GS. They invested, impressed by CNRI’s unique success in developing an LCA solution domestically, its ongoing projects with automotive and chemical companies, and its founding team comprised of LCA experts from Seoul National University‘s College of Engineering. The investment decision was also influenced by the solution’s ongoing adoption, its potential for expansion across various industries, and its capability to comply with Scope 3 disclosure regulations.

Lee Min, CEO of CNRI, stated, “Internalizing Life Cycle Assessment (LCA) is crucial for addressing the diverse and stringent climate regulatory risks. The urgent Carbon Border Adjustment Mechanism (CBAM), battery laws, and digital product passports are just the beginning. To secure foundational competitiveness, we provide services that manage not only Product Carbon Footprints (PCF) but also water and resource footprints, along with toxicity. Comprehensive enterprise-level data diagnostics are required for LCA analysis, and our core competitiveness lies in our ability to link to Scope 3 and respond to all major regulations.”