About MedInTech
MedInTech is a company 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.
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MedInTech
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MedInTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MedInTech
When was MedInTech founded?
MedInTech was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Who is the current CEO of MedInTech?
Chiwon Lee is the current CEO of MedInTech.
Is MedInTech a funded company?
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.
What does MedInTech do?
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.
Who are the top competitors of MedInTech?
MedInTech's top competitors include Auris Health, Dawn Health and Alere.
What products or services does MedInTech offer?
MedInTech offers Medical Devices.
Who are MedInTech's investors?
MedInTech has 9 investors. Key investors include Industrial Bank of Korea, Atinum Investment, Samchully Group, Smile Gate Investment, and FuturePlay.
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