InterVest

InterVest Co., Ltd. is a venture capital firm based in Seoul, South Korea, founded in 1999. The firm specializes in investing in startups and early-stage businesses across various sectors, including biotechnology, healthcare, semiconductor technology, telecommunications, and artificial intelligence. InterVest provides pre-initial public offering financing through mezzanine and bridge transactions, targeting seed-stage, early-stage, and later-stage companies. Its investment focus extends to industries such as life sciences, oncology, fintech, energy, and environmental technologies, as well as digital content and smart society initiatives. InterVest manages multiple funds, including the New Growth Fund and the Growth Secondary Fund, investing primarily in South Korea and other regions in Asia, along with the United States.

Simon Baek

Director

Geuna Hyun

Managing Director, Strategic Planning Department

Yoosik Kim

Managing Director and Investment Executive

Heechul Shin

Executive Managing Director and Management Professional

Hyoungju Yun Ph.D

Managing Director and Investment Professional

Sanggyun Kim Ph.D

Managing Director and Investment Professional

Man Cha Ph.D

Managing Director / Investment professionals

50 past transactions

Dot Inc.

Series B in 2023
Dot Incorporation, based in Seoul, South Korea, specializes in developing innovative smartwatches designed specifically for visually impaired individuals. The company has created a cutting-edge braille cell that is significantly smaller and more affordable than traditional piezo-electric cells, which have dominated the braille device market. This electro-magnetic actuator has enabled Dot to introduce the Dot Watch, the world’s first braille smartwatch. By addressing key issues related to cost, size, and functionality, Dot aims to enhance tactile literacy and reduce the informational gap that visually impaired individuals face in their daily lives.

Phantom AI

Series C in 2023
Phantom AI, Inc. specializes in developing advanced driver-assistance systems (ADAS) for autonomous vehicles, utilizing artificial intelligence and sensor technology. The company offers several key products, including PhantomVision, a deep learning-based computer vision solution that supports the detection of vehicles, pedestrians, bicyclists, and traffic signals, ensuring compliance with Euro NCAP standards. Additionally, Phantom AI provides PhantomFusion, which integrates data from various sensors such as cameras, radar, and LiDAR to create a comprehensive environmental model. The PhantomDrive solution enhances vehicle control by predicting the motion of detected objects, facilitating safe and natural vehicle movement. Established in 2016 and located in Burlingame, California, Phantom AI aims to democratize access to ADAS technology, ultimately contributing to safer driving experiences and the advancement of self-driving capabilities at competitive prices for OEMs and Tier 1 suppliers.

Dankkumi

Series B in 2022
Operator of an educational platform intended to offer enjoyable learning content for children. The company provides informative and beneficial children's humanities content and prepares diverse stories, enabling children to think, feel, and learn on their own.

Apposter

Series B in 2022
Apposter is a Korean-based interactive solutions company engaged in providing UI development, app development, and mobile business consultancy solutions to its customers. Apposter has released many mobile apps and solutions to the enterprise market including, Fotofly, Life Valley, and Tok Song.

PineTree Therapeutics

Series A in 2022
PineTree Therapeutics is dedicated to developing innovative therapies in oncology and immuno-oncology, focusing on addressing unmet medical needs in these fields. The company specializes in biological therapeutics technology, employing advanced platforms that target tumor-associated essential receptors and utilize recombinant agents for infectious diseases. This approach enables medical professionals to create effective anticancer treatments specifically designed for patients with solid tumors. Through its commitment to advancing therapeutic solutions, PineTree Therapeutics aims to make a significant impact in the treatment of cancer and related conditions.

Parcel

Seed Round in 2022
Parcel is focused on facilitating virtual real estate transactions within the metaverse. It has created a comprehensive marketplace that aggregates digital land listings, connecting landowners and creators to support the growth of the metaverse community. Parcel offers a variety of services, including real-time appraisals and extensive industry knowledge, while minimizing costs through zero marketplace fees and low gas consumption. By streamlining access to virtual properties, Parcel aims to empower users to navigate the virtual ecosystem more efficiently and affordably.

Innospace

Series B in 2022
Innospace is an aerospace and defense company focused on developing hybrid rocket-powered small satellite launch vehicles. The company aims to provide cost-effective, low-latency, and environmentally friendly launch services tailored for the small satellite market. By utilizing innovative hybrid rocket technology, Innospace is committed to delivering reliable solutions for satellite deployment, catering to the increasing demand for efficient access to space.

Genome Insight

Series B in 2022
Genome Insight is a whole genome sequence (WGS) analysis and interpretation company.

Asleep

Series B in 2022
Developer of a non-contact sleep monitoring technology designed to track sleep stages. The company's technology utilizes the Internet of Things and artificial intelligence to measure movement and breathing patterns along with diagnosing stages and disorders based on various bio-signals and offer personalized sleep-inducing content, light regulation, and humidity control, enabling users to fall asleep and wake up naturally, and improve their overall rest quality.

Cipherome

Series B in 2022
Operator of an artificial intelligence and bioinformatics company designed to provide personalized drug treatment to everyone regardless of age, race or gender. The company provides genome information that allows patients with personalized drug reaction risk information, enabling doctors to reduce adverse drug reactions among patients.

Ably

Series C in 2022
ABLY Corp., Inc. offers an in-store market collection application for fashion/beauty shopping. The company also offers delivery and after-purchase services for sellers. ABLY Corp., Inc. was founded in 2018 and is based in Seoul, South Korea.

N.thing

Series B in 2021
N.thing, Inc. is a South Korean company founded in January 2014, specializing in IoT technology for the gardening and agriculture sectors. Headquartered in Seoul, with a North American branch in New York, the company aims to connect people with nature through innovative solutions. N.thing offers a range of products, including the Planty Cube, an internet-connected indoor farm equipped with LED technology and real-time monitoring, and the Planty Square, a modular hydroponic kit that allows users to grow various plants easily. Additionally, Planty serves as the world's first internet-connected social pot, enabling users to monitor their plants' conditions and share their gardening experiences. The company also provides a smart gardening journal called Life, which helps plant enthusiasts document and share their gardening activities on social media. N.thing's mission is to enhance the gardening experience by integrating technology, making it accessible for anyone to engage in farming and plant care.

H2O Hospitality

Series C in 2021
H2O Hospitality, Ltd. specializes in hospitality management services for hotels and lodgings in the Korean and Japanese markets. Founded in 2015 and based in Seoul, the company has emerged as the largest vacation rental management provider in these regions. H2O Hospitality automates operational processes through its proprietary property management system, which efficiently manages reservations, inventory, and housekeeping without the need for on-site staff. This automation significantly reduces fixed operational costs while enhancing the yield of the managed facilities. The company offers a range of services, including profit management, customer call response, online sales and marketing, and review management, which collectively support vacation rental owners in optimizing their property management and increasing customer satisfaction.

Nextchip

Private Equity Round in 2021
NEXTCHIP Co., Ltd. produces and sells semiconductors for the video security industry in South Korea. The company offers image signal processors, AHD and SoC products, and advanced driver assist systems. Its products are used in business, security, automotive, and consumer applications. The company was formerly known as NEXTCHIP Solution Co., Ltd. and changed its name to NEXTCHIP Co., Ltd. in January 2005. NEXTCHIP Co., Ltd. was founded in 1997 and is based in Seongnam, South Korea.

Solmedix

Series A in 2021
Provider of medical device development and commercialization services intended to offer new medical devices for advanced treatments and diagnoses. The company's service offerings include diagnosis of medical device ideas, prototype production, patents, national projects, empirical research, preclinical research, prototype development, technology transfer and product launch, enabling the smooth commercialization of startups with medical device ideas.

Asleep

Series A in 2021
Developer of a non-contact sleep monitoring technology designed to track sleep stages. The company's technology utilizes the Internet of Things and artificial intelligence to measure movement and breathing patterns along with diagnosing stages and disorders based on various bio-signals and offer personalized sleep-inducing content, light regulation, and humidity control, enabling users to fall asleep and wake up naturally, and improve their overall rest quality.

Kmong

Series C in 2021
Kmong Inc. operates an online marketplace in South Korea that connects freelancers with clients seeking various services. Established in June 2012, the platform features a wide range of categories, including design, IT, marketing, consulting, translation, writing, and more niche services like fortune-telling and handmade goods. Users can list their services along with price quotes, allowing potential buyers to browse and select offerings that meet their needs. Kmong has expanded its accessibility through a mobile application available on Android devices, further enhancing its reach in the freelance market. Based in Seoul, the company has established itself as a significant player in the growing gig economy.

Databank

Series A in 2021
Developer of e-learning services platform designed to bridge the educational gap through technology. The company's platform offers English mock test-takers automated scoring and immediate feedback on their spoken and written answers and the automation of the process shortens the time it takes to score the open-ended tests than human graders, enabling customers to get affordable, time-saving, and customized education through technology.

Databank

Series A in 2021
Developer of e-learning services platform designed to bridge the educational gap through technology. The company's platform offers English mock test-takers automated scoring and immediate feedback on their spoken and written answers and the automation of the process shortens the time it takes to score the open-ended tests than human graders, enabling customers to get affordable, time-saving, and customized education through technology.

Standigm

Series C in 2021
Standigm, Inc. is a South Korea-based company founded in 2015 that specializes in applying advanced artificial intelligence technologies to the pharmaceutical industry, particularly in drug discovery. The company focuses on drug repositioning, utilizing a sophisticated AI model to predict new indications for existing drugs by analyzing molecular features related to drug responses and uses. Standigm has successfully generated numerous drug candidates targeting various conditions, including cancers, Parkinson's disease, autism, and fatty liver diseases. By leveraging its AI-driven approach, Standigm aims to deliver practical benefits such as reducing time and costs in the drug discovery process while minimizing uncertainties typically associated with the development of new therapies.

Innospace

Series A in 2020
Innospace is an aerospace and defense company focused on developing hybrid rocket-powered small satellite launch vehicles. The company aims to provide cost-effective, low-latency, and environmentally friendly launch services tailored for the small satellite market. By utilizing innovative hybrid rocket technology, Innospace is committed to delivering reliable solutions for satellite deployment, catering to the increasing demand for efficient access to space.

Wee Digital

Venture Round in 2020
Wee Digital creates new digital banking experience with user- centric designs, biometric security technology and deep data analytics. Through secured digital identities, they bring “conversation” and “natural language processing” into banking. They provide forward- thinking designs to give you all the expertise you need in digital banking. With their technology, they deliver a digital banking experience as exciting as those we see in top social media applications today.

Dekoruma

Series B in 2020
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling a variety of home furnishings and furniture. Established in 2015 and based in Jakarta, Indonesia, the company offers products for various areas of the home, including kitchen and dining, bedroom, bathroom, and decor items, as well as household appliances and light products. Additionally, Dekoruma connects customers with interior designers, suppliers, and vendors, facilitating a comprehensive approach to home decoration and improvement. The company aims to provide affordable solutions for creating beautiful living spaces, emphasizing that achieving a warm and aesthetically pleasing home does not have to be costly.

Snapask

Series B in 2020
Snapask Holdings Pte. Ltd. is an education technology company that provides a mobile application designed to enhance student learning by connecting them with qualified tutors for immediate assistance. Founded in 2015 and based in Hong Kong, Snapask offers a "Question & Answer" service that allows students to seek help on a wide range of subjects, including mathematics, English, and various vocational topics. The app also features a "Learning Planner," which provides personalized content recommendations tailored to individual students' study habits and progress. With a user base exceeding 2.5 million students across ten regions in the Asia-Pacific, Snapask aims to deliver effective, personalized, and accessible educational support, leveraging machine learning and mobile cloud services to facilitate this goal.

Sparkplus

Series B in 2019
Sparkplus is a coworking space operator based in Seoul, South Korea, founded in 2016. The company specializes in designing and managing real estate contracts, as well as overseeing interior design, construction, and furniture arrangements for office environments. By providing flexible workspace solutions, Sparkplus caters to the needs of modern businesses seeking adaptable office settings.

Mathpresso

Series B in 2019
Mathpresso, Inc. is an educational technology company based in Seoul, South Korea, established in 2015. It operates Qanda, a data-driven platform that leverages artificial intelligence and optical character recognition (OCR) technology to assist students with their studies. Users can take a photo of a question or problem, which the platform then analyzes to provide solutions and explanations. Qanda covers a wide range of subjects, including mathematics, Korean history, social studies, and science. The platform is designed to facilitate learning by allowing students to engage with tutors and access answers in real time. As of this year, Qanda has attracted over one million users in South Korea, making it a significant resource for students seeking help with homework and exam preparation.

Pomelo Fashion

Series C in 2019
Pomelo Fashion Co., Ltd. is an international online fashion retailer based in Bangkok, Thailand, established in 2013. The company specializes in offering a diverse range of women’s apparel, shoes, and accessories through its e-commerce platform and physical retail stores. Pomelo prides itself on designing and producing products in Asia, catering to a global audience with a focus on modern trends and affordability. The brand collaborates with designers to create house brand products, emphasizing eco-conscious practices and enabling consumers to express their personal style. With a commitment to providing stylish options at competitive prices, Pomelo Fashion aims to empower women to look and feel their best.

rainist / 레이니스트

Series C in 2019
Rainist Co., Ltd. is a South Korean financial technology company founded in 2012 and based in Seoul. The company develops a financial application known as BankSalad, which collects and analyzes users' financial data to provide recommendations for expenditure analysis and personal financial management. BankSalad also offers tailored suggestions for financial products, such as credit cards, based on users' spending patterns. Through these services, Rainist aims to enhance individuals' financial decision-making and improve their overall financial well-being.

D&D Pharmatech

Series B in 2019
D&D Pharmatech Co., Ltd. is a clinical-stage biotech company based in Seongnam, South Korea, established in 2014. The company focuses on developing innovative medicines across various therapeutic areas, including neurodegenerative, fibrotic, and metabolic diseases. It operates through disease-specific subsidiary companies that are guided by leading medical research faculty, facilitating the translation of advanced research into viable therapeutic products. D&D Pharmatech's expertise encompasses drug research and development, manufacturing quality control, and clinical development. Additionally, the company is involved in the development of positron emission tomography (PET) imaging biomarkers and single-cell sequencing technologies related to degenerative brain diseases. By leveraging advanced drug delivery technologies, such as PEGylation, D&D Pharmatech aims to enhance the effectiveness and outcomes of its therapeutic offerings.

Publy

Series B in 2019
Publy is an online content platform that caters to working individuals by providing subscription services for custom content. The platform facilitates the creation, design, archiving, storage, and publication of tailored content and events. Users can purchase and reserve access to content from various media sources, including materials that have not yet been released. This allows working professionals to access valuable resources and information that can enhance their productivity and knowledge.

Kmong

Series B in 2018
Kmong Inc. operates an online marketplace in South Korea that connects freelancers with clients seeking various services. Established in June 2012, the platform features a wide range of categories, including design, IT, marketing, consulting, translation, writing, and more niche services like fortune-telling and handmade goods. Users can list their services along with price quotes, allowing potential buyers to browse and select offerings that meet their needs. Kmong has expanded its accessibility through a mobile application available on Android devices, further enhancing its reach in the freelance market. Based in Seoul, the company has established itself as a significant player in the growing gig economy.

Brich

Venture Round in 2018
Brich is an online-to-offline (O2O) service that facilitates the sale of the latest Korean fashion trends through a global integrated marketplace platform. Established a year ago, the company assists local fashion boutiques in selling their products online by streamlining various aspects of e-commerce, including market entry, product registration, order management, delivery processing, and customer service. This comprehensive approach allows customers to easily search for specific items or explore a wide array of brands, enhancing the shopping experience while promoting the unique offerings of smaller boutiques. Brich has also gained financial support from Hana Financial Investment to further its operations.
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Lunit

Series B in 2018
Lunit Inc. is a South Korean company that specializes in developing advanced algorithms for medical image analysis and general object detection using machine learning technology. The firm focuses on areas such as digital chest X-ray, digital mammography, digital pathology, and fundus photography. By leveraging cutting-edge deep learning techniques, Lunit aims to assist physicians in making accurate and efficient clinical decisions. The company has demonstrated its expertise in image recognition, having ranked among the top five in the ImageNet Challenge, a prominent competition in the field. Lunit's technology is notable for its ability to utilize weakly labeled data, enhancing its pattern recognition capabilities. Supported by significant venture capital investments, Lunit is actively engaged in large-scale research collaborations with major university hospitals in South Korea, reflecting its strong reception within the medical community.

D&D Pharmatech

Series A in 2018
D&D Pharmatech Co., Ltd. is a clinical-stage biotech company based in Seongnam, South Korea, established in 2014. The company focuses on developing innovative medicines across various therapeutic areas, including neurodegenerative, fibrotic, and metabolic diseases. It operates through disease-specific subsidiary companies that are guided by leading medical research faculty, facilitating the translation of advanced research into viable therapeutic products. D&D Pharmatech's expertise encompasses drug research and development, manufacturing quality control, and clinical development. Additionally, the company is involved in the development of positron emission tomography (PET) imaging biomarkers and single-cell sequencing technologies related to degenerative brain diseases. By leveraging advanced drug delivery technologies, such as PEGylation, D&D Pharmatech aims to enhance the effectiveness and outcomes of its therapeutic offerings.

Maxst

Series A in 2017
Maxst Co., Ltd. is an augmented reality technology company based in Seoul, South Korea, founded in 2010. It specializes in designing and developing a cross-platform augmented reality software development kit (SDK) that enables developers and organizations to create applications that merge physical and digital realities. The company offers various products, including AR SDK, AR Collaboration, and AR Guide, which are built for security, reliability, and scalability. Maxst aims to enhance decision-making capabilities through its advanced AR, AI, and computer vision technologies. The company has established partnerships with leading firms such as Hyundai & Kia, SK Telecom, LG Electronics, KT, and Naver, positioning itself as a key player in the augmented reality market.

Brich

Series A in 2017
Brich is an online-to-offline (O2O) service that facilitates the sale of the latest Korean fashion trends through a global integrated marketplace platform. Established a year ago, the company assists local fashion boutiques in selling their products online by streamlining various aspects of e-commerce, including market entry, product registration, order management, delivery processing, and customer service. This comprehensive approach allows customers to easily search for specific items or explore a wide array of brands, enhancing the shopping experience while promoting the unique offerings of smaller boutiques. Brich has also gained financial support from Hana Financial Investment to further its operations.

Blocko

Series A in 2017
Blocko is a commercial blockchain startup offering multinational organizations the ability to design, deploy, and manage digital services on a secure distributed network. It provides a blockchain operating system and a development platform with stable APIs. The company supports AERGO, a new open-source enterprise blockchain solution based on a hybrid blockchain design with advanced cloud deployment capabilities.

Lunit

Series A in 2016
Lunit Inc. is a South Korean company that specializes in developing advanced algorithms for medical image analysis and general object detection using machine learning technology. The firm focuses on areas such as digital chest X-ray, digital mammography, digital pathology, and fundus photography. By leveraging cutting-edge deep learning techniques, Lunit aims to assist physicians in making accurate and efficient clinical decisions. The company has demonstrated its expertise in image recognition, having ranked among the top five in the ImageNet Challenge, a prominent competition in the field. Lunit's technology is notable for its ability to utilize weakly labeled data, enhancing its pattern recognition capabilities. Supported by significant venture capital investments, Lunit is actively engaged in large-scale research collaborations with major university hospitals in South Korea, reflecting its strong reception within the medical community.

Noom

Series B in 2014
Noom, Inc. is a mobile health coaching company that focuses on preventing and managing chronic conditions such as obesity, diabetes, and hypertension. Founded in 2008 and headquartered in New York, with additional offices in Seoul and Tokyo, Noom combines technology with human empathy to facilitate behavior change. Its platform includes evidence-based curricula, trained cognitive behavior coaches, and mobile tracking tools, allowing users to engage in personalized health management. Noom's direct-to-consumer applications have successfully reached over 47 million users globally, and the company has expanded its offerings to include programs for pre-hypertension and diabetes management, as well as its original weight loss initiatives. By leveraging the recognition from the CDC's Diabetes Prevention Program, Noom aims to provide scalable solutions for individuals seeking to improve their health outcomes.
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