About MedInTech
MedInTech is a company based in Hanam-si (South Korea) founded in 2020. MedInTech has raised $21.24 million across 2 funding rounds from investors including Industrial Bank of Korea, Atinum Investment and Samchully Group. MedInTech offers products and services including Medical Devices. MedInTech operates in a competitive market with competitors including Alere, Auris Health, Think Research, Pathway and Dawn Health, among others.
- Headquarter Hanam-si, South Korea
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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- Legal Name (주)메디인테크
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21.24 M (USD)
in 2 rounds
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Latest Funding Round
$14.57 M (USD), Series B
May 13, 2024
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Investors
Industrial Bank of Korea
& 8 more
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Employee Count
Employee Count
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Products & Services of MedInTech
MedInTech offers a comprehensive portfolio of products and services, including Medical Devices.
Focuses on innovative R&D for medical equipment and solutions.
Funding Insights of MedInTech
MedInTech has successfully raised a total of $21.24M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $14.57 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $14.6M
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First Round
First Round
(14 Feb 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - MedInTech | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - MedInTech | Valuation | Atinum Investment , Smile Gate Investment |
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Investors in MedInTech
MedInTech has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Industrial Bank of Korea, Atinum Investment and Samchully Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in geographies such as South Korea
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Founded Year | Domain | Location | |
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Private equity investment firm focused on buyouts
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Founded Year | Domain | Location | |
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FuturePlay is engaged in startup investment and acceleration.
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Founded Year | Domain | Location |
Investments & Acquisitions by MedInTech
Financial Statements - MedInTech
Medintech Comparisons
Competitors of MedInTech
MedInTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Alere, Auris Health, Think Research, Pathway and Dawn Health, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of small rapid diagnostic devices for infectious diseases
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| domain | founded_year | HQ Location |
Robotic microsurgical systems for endoscopy are developed.
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| domain | founded_year | HQ Location |
Expert clinical content and tools are provided for clinicians.
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| domain | founded_year | HQ Location |
Professional education courses are delivered by Pathway's center in Morocco.
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| domain | founded_year | HQ Location |
Developer of software as a medical device and digital therapeutics
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| domain | founded_year | HQ Location |
Clinical decision-making tools are developed for healthcare providers.
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Latest news on Medintech
Frequently Asked Questions about MedInTech
MedInTech was founded in 2020 and raised its 1st funding round 2 years after it was founded.
MedInTech is headquartered in Hanam-si, South Korea. It is registered at Hanam-si, Gyeonggi Province, South Korea.
Chiwon Lee is the current CEO of MedInTech.
MedInTech is a funded company, having raised a total of $21.24M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.67M, raised on Feb 14, 2022.
MedInTech was founded in 2020 as a developer in the medical technology sector. Research and development efforts are directed toward creating innovative devices that advance healthcare. AI-based software for anomaly detection and lesion identification is integrated to support diagnostic processes. Market introduction of these technologies is managed from operations in South Korea, contributing to improved accuracy in medical assessments.
MedInTech's top competitors include Auris Health, Dawn Health and Alere.
MedInTech offers Medical Devices.
MedInTech has 9 investors. Key investors include Industrial Bank of Korea, Atinum Investment, Samchully Group, Smile Gate Investment, and FuturePlay.