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Hurotics raises 25 billion won ($17.5M) in Series A led by Atinum Investment to expand wearable robot distribution and develop new products.
Amount Raised
$17.5 Million
Round Type
Series A
South KoreaManufacturingBiotechnologyHealth CareMedical DeviceInvestors
Description
Hurotics, a wearable robot maker, closed a Series A round of 25 billion won ($17.5 million), bringing its cumulative funding to over 33.5 billion won. Atinum Investment led the round, with participation from existing backers Stonebridge Ventures, Industrial Bank of Korea, Aju IB Investment, and Wonik Investment Partners, alongside strategic investors Daewoong, NAVER, Lotte, and new investor Mirae Asset Venture Investment. The company plans to use proceeds to obtain overseas regulatory approvals, expand hospital distribution networks, and develop new products including H-Care. Hurotics' flagship H-Medi exosuit has been adopted by major Korean hospitals and exported internationally for rehabilitation applications.
Fundz sees it the moment Hurotics raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Funding Insights
What this usually meansHurotics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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