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
- SectorsHealthcare
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website medintech.co.kr
- Legal Name (주)메디인테크
- Date of Incorporation 10 Aug, 1977
- Jurisdiction Maharashtra, India
- Total Equity Funding$21.24M (USD)
in 2 rounds
- Latest Funding Round$14.57M (USD), Series B
May 2024
- InvestorsIndustrial Bank of Korea
& 8 more
Associated legal entities of MedInTech
MedInTech operates through , (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| , CIN U99999MH1977PLC010754 | Active | 10 Aug 1977 | Nanded, Maharashtra | – | – | – | View details |
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 $21.24M
- Total Rounds 2
- Last Round Series B β $14.57M
- First Round $6.67M
(Feb 2022)
- Investors Count 9
All 2 funding rounds of MedInTech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $14.57M | Series B | β | β | |
| Feb 2022 | $6.67M | Series A | β | Atinum Investment, Smile Gate Investment | β |
9 investors in total: 9 institutional.
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 |
|---|---|---|---|---|
VC firm investing in geographies such as South Korea | 1988 | atinuminvest.co.kr | Seoul, South Korea | |
Private equity investment firm focused on buyouts | – | smilegateinvestment.com | Seoul, South Korea | |
FuturePlay is engaged in startup investment and acceleration. | – | futureplay.co | Seoul, South Korea | |
- | – | slinvestment.com | - | |
Financial support is provided to ventures by Hana Ventures. | – | hanaventures.co.kr | Seoul, South Korea | |
Corporate venture capital arm of Asia Cement | – | wooshinvc.com | Gangnam, South Korea | |
- | – | nextrans.co.kr | - | |
Industrial bank | 1961 | ibk.co.kr | Seoul, South Korea | |
Supplier of gas | 1955 | samchully.co.kr | Seoul, South Korea |
Investor details for MedInTech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of MedInTech
1 people are tracked at MedInTech (1 in leadership).
| Name | Role | Group |
|---|---|---|
Chiwon Lee | CEO | Leadership |
Complete people profiles for MedInTech
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of MedInTech
3 dated milestones of MedInTech across 4 years, from founding to its latest funding, stage changes and deals.
- Founded MedInTech is founded.
- Funding First funding round of $6.7M.
- Funding Latest funding round, Series B, of $14.6M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alere.com | 1991 | Waltham, United States | $616.22M | 7,011 | Developer of small rapid diagnostic devices for infectious diseases | |
| aurishealth.com | 2007 | Redwood, United States | $733.17M | 242 | Robotic microsurgical systems for endoscopy are developed. | |
| thinkresearch.com | 2006 | Toronto, Canada | $25M | – | Expert clinical content and tools are provided for clinicians. | |
| pathway.ma | 2019 | Rabat, Morocco | – | – | Professional education courses are delivered by Pathway's center in Morocco. | |
| dawnhealth.com | 2016 | Copenhagen, Denmark | $41.51M | 76 | Developer of software as a medical device and digital therapeutics | |
| uphillhealth.com | 2015 | Covilha, Portugal | $12.43M | – | Clinical decision-making tools are developed for healthcare providers. | |
| clewmed.com | 2014 | Netanya, Israel | $10M | – | AI-powered virtual ICU platform is provided for healthcare providers. | |
| nuna.com | 2010 | San Francisco, United States | $90M | 161 | Nuna is focused on AI-powered chronic disease management solutions. | |
| hokuto.app | 2021 | Minato, Japan | $5.99M | – | Digital clinical decision support tool developed for doctors. |
Detailed competitors of MedInTech
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MedInTech
The website of MedInTech (medintech.co.kr) receives about 4.9K visits a month.
- Monthly visits4.9K
▼ 2.4% vs previous month
Websites whose visitors overlap most with MedInTech. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
huic.co.kr | huic.co.kr | 100% | – | #1,316,236 | β |
Similar companies to MedInTech
10 companies that operate in the same segment as MedInTech (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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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 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.
MedInTech operates through ,.