Medivate Partners

Medivate Partners LLC is a private equity firm based in Seoul, South Korea, founded in 2012. As an investment arm of Posco, it specializes in cross-border growth capital, focusing on early-stage and mid-stage companies. The firm primarily invests in growth-stage companies within the technology sector and has a particular interest in the healthcare and life sciences industries. Medivate Partners Fund II, managed by the firm, targets investments in both Asia and North America, reflecting a strategic approach to capitalizing on emerging opportunities in these regions.

Koo Bon-hyeok

Co-CEO

Roger Kang

Co-CEO

HwanJin Lee

Managing Director

Michael Park

Investment Analyst

Soomin Shim Ph.D

Senior Principal

6 past transactions

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.

Artiva

Series A in 2020
Artiva Biotherapeutics, Inc., a biotech company, develops and manufactures cellular immunotherapies for cancer patients. The company offers a pipeline of off-the-shelf, allogeneic natural killer (NK) cell therapies for the treatment of hematologic cancers or solid tumors. The company’s products target CD20 and CD19 in B-cell lymphomas and HER2 in various solid tumors. The company was founded in 2019 and is headquartered in San Diego, California. Artiva Biotherapeutics, Inc. operates as a subsidiary of Green Cross Holdings Corporation.

Cognate BioServices

Series B in 2020
Cognate Bioservices is a fully-integrated contract bioservices organization providing the highest level of scientific and management expertise. Cognate provides full development and cGMP manufacturing services to companies and institutions engaged in the development of cell-based products. The combination of highly experienced staff, successful track records and cGMP facilities makes Cognate one of the most qualified contract manufacturers of cell-based products in the world today.

WindMIL Therapeutics

Series B in 2018
WindMIL Therapeutics, Inc. is a biotechnology company focused on developing innovative cell therapies for cancer patients, utilizing insights from bone marrow immunology. Established in 2015 and based in Princeton, New Jersey, the company specializes in a novel class of therapies known as Marrow Infiltrating Lymphocytes (MILs). These therapies are derived from memory T cells found in the bone marrow and involve reactivating dormant T-cells to create effective immunotherapies. By harnessing the unique immunologic properties of bone marrow, WindMIL Therapeutics aims to provide life-saving treatment options for individuals battling cancer.

Cognate BioServices

Venture Round in 2018
Cognate Bioservices is a fully-integrated contract bioservices organization providing the highest level of scientific and management expertise. Cognate provides full development and cGMP manufacturing services to companies and institutions engaged in the development of cell-based products. The combination of highly experienced staff, successful track records and cGMP facilities makes Cognate one of the most qualified contract manufacturers of cell-based products in the world today.

SillaJen

Venture Round in 2016
SillaJen, Inc., a biotechnology company, develops and commercializes oncolytic immunotherapy products. Its lead product is Pexa-Vec, which is in Phase III clinical trial for the treatment of advanced liver cancer. The company also develops JX-929 for the treatment of breast, colorectal, and pancreatic cancers; JX-970 for the treatment of tumor tissues; and JX-900 is a series of modified vaccinia vaccine. It has a cooperative research and development agreement with the National Cancer Institute for the development of a combination therapy for colorectal cancer. The company was founded in 2006 and is headquartered in Busan, South Korea.
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