MedInTech Inc. raised $14.6 million in a series B investment led by Atinum Investment, FuturePlay, Smilegate Investment, and Nextrans.
Amount Raised
$14.6 Million
Round Type
Series B
South KoreaBiotechnologyHealth CareArtificial IntelligenceMedical DeviceInvestors
Description
MedInTech Inc., South Korea's medical smart endoscopes startup, has attracted a series B investment of 20 billion won ($14.6 million) from existing investors including Atinum Investment, FuturePlay, Smilegate Investment, and Nextrans, along with new investors such as Industrial Bank of Korea, SL Investment, Hana Ventures, Wooshin Venture Investment, and SCL Investment. The investment will be used to establish a mass production system through development and overseas expansion.
Quick answer
MedInTech raised $14.6 Million in a Series B round, dated May 13, 2024. Investors: SCL Investment, Wooshin Venture Investment, Hana Ventures, SL Investment, Industrial Bank Of Korea, Nextrans, Smilegate Investment and Future Play. MedInTech is based in South Korea.
- How much did MedInTech raise?
- MedInTech raised $14.6 Million in a Series B round on May 13, 2024.
- Who invested in MedInTech?
- SCL Investment, Wooshin Venture Investment, Hana Ventures, SL Investment, Industrial Bank Of Korea, Nextrans, Smilegate Investment and Future Play are named as investors in this round.
- What does MedInTech do?
- MedInTech Inc. is a South Korea's medical smart endoscopes startup founded in 2020 by CEO Lee Chi-won and Vice President Kim Myung-joon, with a focus on developing an electric endoscope that is more intuitive and 50%..
- Where is MedInTech based and how big is it?
- MedInTech is based in South Korea.
- Who are the decision-makers at MedInTech?
- Fundz holds 1 contact at MedInTech. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Medical Device and Biotechnology around the same time
Companies in the same sectors as MedInTech that raised within 45 days of this round, from Fundz verified event records.
- Inheart raised $11M (Funding Round) on May 7, 2024.
- OsseoLabs raised $2M (Series A) on April 15, 2024.
- Formation Bio raised $372M (Series D) on June 26, 2024.
- UroMems raised $47M (Series C) on June 25, 2024.
- Ronovo Surgical raised $44M (Series B) on June 20, 2024.
- Quantum Innovations raised $10M (Funding Round) on June 20, 2024.
Who to call at MedInTech, and when
A new round usually means MedInTech is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day MedInTech raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at MedInTech, from your own LinkedIn network
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