Pierrot Company, an IT device subscription and redistribution service provider, has secured funding from SparkLabs and CNTTech. The investment amount was not disclosed.

Operating with a cumulative inventory of over 10,000 IT devices, Pierrot Company runs two core services: Phongo, a subscription-based rental platform, and Rigo, a device recovery and redistribution service. The company enables clients to lease devices at competitive prices while monetizing idle IT assets through buyback and liquidation services. Corporate clients ranging from major Korean enterprises to startups currently utilize the platform.

The company has also established global distribution channels through Rigo Trade, which transforms verified recovered IT devices into tradable assets and redistributes them to emerging markets and developing countries where demand exists.

With this investment, Pierrot Company plans to upgrade its trade infrastructure and offer it as a platform service, targeting domestic companies looking to dispose of unused IT assets as new clients. The company also intends to accelerate its global market expansion in collaboration with SparkLabs.

Yujin Kim, CEO of SparkLabs, stated that “as circular economy realization has become an important national agenda, we decided to invest because we believe Pierrot Company, which creates value by finding optimal uses for IT devices throughout their lifecycle, will be competitive in the global redistribution market.”

Minjin Park, CEO of Pierrot Company, said, “Our goal is to build a new structure where IT device assets circulate globally. We will systematically expand Rigo Trade to make it a new growth engine and generate global results.”Pierrot Company received accelerating support from SparkLabs as part of the K-Startup Grand Challenge program supporting Asian market entry in 2024, and was also selected for the Ministry of SMEs and Startups’ TIPS program. Additionally, the company recently signed an IPO underwriting agreement with Korea Investment & Securities, establishing a foundation for its public offering.