ITChem raises $27.8M via convertible bonds to construct a next-gen pharmaceutical plant, with Timefolio Asset Management leading the investment.
Amount Raised
$27.8 Million
Round Type
Convertible Note
South KoreaManufacturingBiotechnologyPharmaceuticalInvestors
Description
South Korean specialty chemical company ITChem has raised approximately $27.8 million through unregistered private convertible bonds. The funds will be utilized to build a GMP-certified manufacturing facility for high-value active pharmaceutical ingredients. Major investors include Timefolio Asset Management and LIFE Asset Management, among others. The investment marks a strategic expansion for ITChem in the pharmaceutical sector.
Quick answer
ITChem raised $27.8 Million in a Convertible Note round, dated February 23, 2026. Investors: LIFE Asset Management, Hy24 and Timefolio Asset Management. ITChem is based in South Korea.
- How much did ITChem raise?
- ITChem raised $27.8 Million in a Convertible Note round on February 23, 2026.
- Who invested in ITChem?
- LIFE Asset Management, Hy24 and Timefolio Asset Management are named as investors in this round.
- What does ITChem do?
- ITChem is a South Korean advanced specialty chemical company focused on the production of high-value active pharmaceutical ingredients (APIs).
- Where is ITChem based and how big is it?
- ITChem is based in South Korea.
Source: Fundz verified event record.
Who else raised in Pharmaceutical and Manufacturing around the same time
Companies in the same sectors as ITChem that raised within 45 days of this round, from Fundz verified event records.
- Botanix Pharmaceuticals raised $33M (Funding Round) on February 17, 2026.
- Kaster Technologies raised $1.3M (Pre-Seed) on February 9, 2026.
- Route 92 Medical raised $50M (Funding Round) on April 7, 2026.
- PanTera raised $4M on March 31, 2026.
- Neion Bio raised $11M (Seed) on March 27, 2026.
- Elmed Life Sciences raised $2.7M (Seed) on March 26, 2026.
Who to call at ITChem, and when
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- An alert the day ITChem raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ITChem, from your own LinkedIn network
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ITChem 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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