About Neofect
Neofect is a company based in San Francisco (United States) founded in 2010 by Scott Kim. It operates as a HealthTech, and Direct-to-Consumer (D2C). Neofect has raised $4 million across 2 funding rounds from investors including DSC Investment, SBI Investment Korea and Company K Partners. The company has 49 employees as of December 31, 2024. Neofect offers products and services including Smart Glove, Smart Board, Smart Pegboard, Cognition, and TeleRehab. Neofect operates in a competitive market with competitors including HyperIce, KT Tape, Flint Rehab, Firefly Recover and Neurofit, among others.
- Headquarter San Francisco, United States
- Employees 49 as on 31 Dec, 2024
- Founders Scott Kim
- Stage Public
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Neofect Co.,Ltd
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Annual Revenue
$14.31 M (USD)-20.67as on Dec 31, 2024
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Net Profit
$-645.13 K (USD)80.83as on Dec 31, 2024
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EBITDA
$-192.37 K (USD)-168.97as on Dec 31, 2024
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Total Equity Funding
$4 M (USD)
in 2 rounds
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Latest Funding Round
$8.55 M (USD), Post-IPO
Jul 05, 2019
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Investors
DSC Investment
& 2 more
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Employee Count
49
as on Dec 31, 2024
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IPO & Listings of Neofect
Neofect is a publicly listed company on the KRX with ticker symbol 290660 in South Korea, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Neofect
Neofect offers a comprehensive portfolio of products and services, including Smart Glove, Smart Board, Smart Pegboard, Cognition, and TeleRehab. 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.
Used for repetitive movement training in virtual environments.
Designed for unweighted proximal muscle strengthening exercises.
Interactive tool for challenging dexterity, vision, and cognition.
Computerized program for cognitive rehabilitation and training.
HIPAA-compliant platform for remote video conferencing rehabilitation.
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Funding Insights of Neofect
Neofect has successfully raised a total of $4M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $8.55 million completed in July 2019. 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 Post-IPO — $8.5M
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First Round
First Round
(01 Mar 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2019 | Amount | Post-IPO - Neofect | Valuation |
investors |
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| Mar, 2015 | Amount | Series B - Neofect | Valuation | SBI Investment Korea , DSC 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 Neofect
Neofect has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include DSC Investment, SBI Investment Korea and Company K Partners. 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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Venture capital firm investing in tech startups
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Founded Year | Domain | Location | |
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Sector-agnostic VC firm investing in geographies such as South Korea
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested primarily in South Korean startups.
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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 Neofect
| 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 - Neofect
| 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 |
Neofect Comparisons
Competitors of Neofect
Neofect 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 HyperIce, KT Tape, Flint Rehab, Firefly Recover and Neurofit, 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 |
Internet first brand offering smart devices for physical fitness
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| domain | founded_year | HQ Location |
Manufacturer of kinesiology tape and related recovery products. It offers a variety of tapes designed for different needs and activity levels, including options for sensitive skin and specific areas of the body. The product line also includes supporting items such as ice sleeves, pain relief gels, and blister prevention products. The company provides educational resources on proper application techniques and offers a mobile application for further support. The focus is on providing solutions for pain relief, muscle support, and recovery from injuries.
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| domain | founded_year | HQ Location |
Developer of stroke rehabilitation systems
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| domain | founded_year | HQ Location |
Recovery device for delayed onset muscle soreness is developed.
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| domain | founded_year | HQ Location |
Virtual rehabilitation tools are provided to patients and healthcare professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Neofect
Frequently Asked Questions about Neofect
When was Neofect founded?
Neofect was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is Neofect located?
Neofect is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Neofect a funded company?
Neofect is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4M, raised on Mar 01, 2015.
How many employees does Neofect have?
As of Dec 31, 2024, the latest employee count at Neofect is 49.
What is the annual revenue of Neofect?
Annual revenue of Neofect is $14.31M as on Dec 31, 2024.
What does Neofect do?
Neofect is focused on creating clinically proven neurorehabilitation devices and services for upper extremity recovery. Solutions are offered in the healthcare sector, targeting stroke survivors and patients with motor impairments. Products like Smart Glove, Smart Board, and Smart Pegboard are designed to maximize arm and hand use through gamified training. Remote rehabilitation is supported via the TeleRehab platform. Partnerships with clinical institutions like Stanford Medical Center validate outcomes through trials. Operations span across 34 countries, serving over 3200 hospitals.
Who are the top competitors of Neofect?
Neofect's top competitors include HyperIce, KT Tape and Flint Rehab.
What products or services does Neofect offer?
Neofect offers Smart Glove, Smart Board, Smart Pegboard, Cognition, and TeleRehab.
Is Neofect publicly traded?
Yes, Neofect is publicly traded on KRX under the ticker symbol 290660.
Who are Neofect's investors?
Neofect has 3 investors. Key investors include DSC Investment, SBI Investment Korea, and Company K Partners.
What is Neofect's ticker symbol?
The ticker symbol of Neofect is 290660 on KRX.
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