IMM Investment

IMM Investment Corp. is a private equity and venture capital firm based in Seoul, South Korea, established in 1999. The firm specializes in mezzanine investments and focuses on sectors such as information technology, healthcare, biotechnology, and manufacturing. It engages in various investment activities including mergers and acquisitions, corporate restructuring, management buyouts, and cross-border investments. In its growth stage investments, IMM allocates resources to startups, expansion, and mezzanine financing, with a significant emphasis on information technology infrastructure and digital content. The firm also targets medium-sized companies and prefers an active management role in its investments. Additionally, IMM Investment undertakes secondary investments and co-invests in buyout transactions, aiming for strategic opportunities in diverse industries, including telecommunications, entertainment, and biotechnology.

Hyun-Chan Cho

Partner, Co-Chief Investment Officer, Head of Infrastructure & Chair of Infrastructure Investment Committee

Ik-jin Cho

Partner

Dong-woo Jang

Co-CEO and Co-President

Il-bu Jung

VP and Partner

Gwan-hun Lee

Director

Kwang-guk Nak

Director

Min-gyoo Oh

Principal

Past deals in Asia Pacific

Medb Korea

Seed Round in 2023
Medb Korea is a medical consumer, hospital, and pharmacy-focused online medical care and prescription drug delivery platform.. Medb Korea is located in Gangnam-gu, Seoul.

Okestro

Series A in 2022
OKESTRO provides cloud and AIOps software solutions.

LumanLab

Seed Round in 2022
LumanLab develops digital therapeutics to solve developmental delay problems.

Rebellions

Series A in 2022
Rebellions Inc specializes in developing artificial intelligence semiconductors that serve as full-stack alternatives for AI processing. The company focuses on creating genuine AI accelerators by effectively linking silicon architectures with deep learning algorithms. This is achieved by pushing the boundaries of algorithms to better utilize silicon resources and redesigning AI processors to include advanced deep learning features through dedicated silicon kernels. Rebellions aims to deliver domain-specific AI processors alongside optimized software, enabling clients to access powerful and energy-efficient AI hardware. Their innovative approach ensures seamless integration and enhanced performance, addressing the limitations of traditional AI chip designs.

UPPTHERA

Series B in 2022
UPPTHERA is a pharmaceutical company that specializes in drug development using targeted protein degradation technology.

Neubility

Series A in 2022
Neubility, Inc. is a South Korean company founded in 2017, specializing in the development of robotic software aimed at improving delivery services. The company focuses on creating autonomous delivery robots that utilize vision-based localization and path-planning technologies. This innovative approach addresses the challenges of last-mile delivery, particularly for food and parcel services, by enabling robots to operate in urban environments without human intervention. Neubility's solutions offer a cost-effective delivery option for caterers and consumers, helping businesses streamline their logistics and enhance service efficiency.

Biorchestra

Series C in 2022
Developer of ribonucleic acid-based therapeutics intended to treat neurodegenerative diseases. The company's therapeutics include candidates for Alzheimer's disease, m-ribonucleic acid vaccine and drug delivery systems for ribonucleic acid candidates, enabling doctors to improve the health of humankind.

Shopl & Company

Series A in 2022
Shopl, stands for “Shop + people”, is SasS-based software trying to resolve problems such as checking field team employees’ attendance and performance, get store data and set sales targets in the retail industry. It is the right technology connecting employees at retail shops and back-office teams at Headquarters. Shopl is in full operation from 2020, and it already secured 10,000 users. Also, it is making revenue from paid customers by providing services to Global manufacturing companies. Shopl helps to manage both employees and store issues in real-time and improves employee engagement in the shop which positively impacts business performance.

WELT

Series B in 2022
From Wristworn to Waistworn: WELT, the Smart Belt for Fashion & Healthcare WELT is a 'Smart Fashion Belt' that manages users’ wellness. We encourage users to embrace healthy habits while keeping in style. We promise to help the wearer better track food intake, keep tabs on the activity level, and manage weight. To do this, WELT keeps check on the overall health by measuring (1)Waist size, (2)Steps, (3)Sitting time, and (4)Overeating habits. To help users avoid metabolic risks factors, custom messages to manage these risks are given through the app via BLE. Also, its elegant design makes it look just like a regular, leather belt. Battery is rechargeable, and can stand up to more than 7 days.

Zikooin Company

Series A in 2021
Zikooin Company produces and supplies vegetable meat made from discarded grains. The company is based in Seoul, South Korea.

Okxe

Series A in 2021
OKXE VIETNAM COMPANY LIMITED operates an online e-commerce platform for motorbikes. The platform enables users to buy and sell motorcycles online. The company was founded in 2018 and is based in Hanoi, Vietnam.

Hugel Control

Post in 2021
Hugel, Inc. is a biopharmaceutical company based in Chuncheon-si, South Korea, specializing in various medical and aesthetic products. The company offers a range of Botulinum Toxin products used for treating conditions such as eyelid convulsions, severe wrinkles, upper limb stroke, and foot deformities in children with cerebral palsy. These products are marketed under several brand names, including Botulax and Hugel Toxin. In addition to Botulinum Toxin, Hugel provides hyaluronic acid fillers under brands like Dermalax and Revigance, as well as cosmetics under the Wellage brand. Established in 2001, Hugel aims to enhance global health and quality of life through innovation and advanced technology in its offerings.

Orum Therapeutics

Series B in 2021
ORUM THERAPEUTICS, INC. engages in the research and development of therapeutic antibodies using cell penetrating antibody platform. Its platform targets specific cell types and adapts to different cell types and different intracellular proteins without chemical modifications. The company develops products for treatment of genetic diseases and cancer. ORUM THERAPEUTICS, INC. was founded in 2016 and is based in Daejeon, South Korea.

PlayList

Series B in 2021
PlayList is a web drama production company that produces dramas and music content. The company's two flagship web drama series, Love Playlist and A-Teen have gained huge popularity amongst the 18-24 age segment. Playlist dramas have over 10 million subscribers and 1.3 billion views.

Unlimeat

Series B in 2021
Unlimeat is a company that produces plant-based meat. Its plant-based meat can be used in a wide range of dishes, ensuring that its plant-based meats are ideal for both Eastern and Western cuisine. It transforms perfectly edible but unloved produce that would otherwise go to waste due to size, blemishes, or cosmetic imperfections into delectable plant-based foods. The company is proud to be a member of the Upcycled Food Association.

Biorchestra

Seed Round in 2020
Developer of ribonucleic acid-based therapeutics intended to treat neurodegenerative diseases. The company's therapeutics include candidates for Alzheimer's disease, m-ribonucleic acid vaccine and drug delivery systems for ribonucleic acid candidates, enabling doctors to improve the health of humankind.

flex

Series A in 2020
Flex is a human relations platform that addresses a wide range of difficulties in enterprises involving people and organizations. Flex is co-founded by Haenam (Justin) Chang.

PinotBio

Venture Round in 2020
PinotBio is a biotechnology company focused on creating next-generation anticancer treatments. The company's innovative drugs are designed to address refractory and relapsed cancers, as well as other challenging conditions like glaucoma. By developing targeted therapies, PinotBio aims to enhance treatment options for healthcare providers, ultimately helping patients recover from life-threatening diseases.

Okxe

Series A in 2020
OKXE VIETNAM COMPANY LIMITED operates an online e-commerce platform for motorbikes. The platform enables users to buy and sell motorcycles online. The company was founded in 2018 and is based in Hanoi, Vietnam.

Curocell

Series C in 2020
Curocell Inc is engaged in medical and pharmaceutical research and development. The company is into development of CAR-T treatments that enhance the natural function of immune cells to eliminate cancer cells through genetic manipulation of human immune cells.

UPPTHERA

Series A in 2020
UPPTHERA is a pharmaceutical company that specializes in drug development using targeted protein degradation technology.

42dot

Venture Round in 2020
42dot is a technology company based in Seoul, South Korea, focused on advancing urban mobility through its innovative Urban Mobility Operating System (UMOS). Founded in 2019, 42dot is developing a cloud-based platform that integrates various autonomous vehicles, including self-driving cars, drones, and automated delivery robots, to offer seamless transportation services. By facilitating the transition to autonomous transportation-as-a-service (aTaaS), 42dot aims to enhance mobility solutions in urban environments, making transportation more efficient and accessible.

Swatch On

Corporate Round in 2020
SWATCHON.COM was launched under the motive to provide a variety of unique, high-quality wholesale fabrics at a reasonable price. Their team is composed of young, creative, professional and motivated individuals crazy and passionate about fashion fabric. And they are here to help you find the perfect fabric for your collection. They assure that you will have great experiences with their personalized approach to each and every client.

Amondz

Series A in 2020
Amondz is a jewellery ecommerce platform that provides buyers and sellers with quick access to a production list, price quotations for consumers, and customer support.

Curiox Biosystems

Series B in 2019
Curiox is a bioinstrumentation company spun out of the Agency for Science, Technology, and Research (A*STAR) in Singapore. Curiox has become a leader in the development and commercialization of innovative assay platforms based on its expertise in surface chemistry and engineering. Curiox’s vision is to accelerate the progress of life sciences, drug discovery and diagnostics through the miniaturization and improved automation of bioassays.

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.

Ground

Series B in 2019
GROUND Inc., founded in 2015 and headquartered in Tokyo, Japan, specializes in designing and developing a cloud-based logistics platform. The company focuses on delivering innovative solutions within the logistics and distribution sector, leveraging advanced technologies under its LogiTech® brand. GROUND's core objective is to implement its original concept of Intelligent Logistics®, which incorporates artificial intelligence and robotics to enhance operational efficiency and streamline logistics processes.

Orum Therapeutics

Series B in 2019
ORUM THERAPEUTICS, INC. engages in the research and development of therapeutic antibodies using cell penetrating antibody platform. Its platform targets specific cell types and adapts to different cell types and different intracellular proteins without chemical modifications. The company develops products for treatment of genetic diseases and cancer. ORUM THERAPEUTICS, INC. was founded in 2016 and is based in Daejeon, South Korea.

Amondz

Series A in 2019
Amondz is a jewellery ecommerce platform that provides buyers and sellers with quick access to a production list, price quotations for consumers, and customer support.

Kmong

Series B in 2018
Kmong (크몽) is a Korean online talent market that enables individuals to both sell and buy services. Its categories include design, marketing, document, business, computer, music and video, life services, and handmade. Users can post up their services with a price quote on the appropriate category, which will be seen and picked up by prospective buyers. Its mobile application is available for Android devices. Kmong was established in June 2012 in Gyeongsangnam-do, Korea.

CARVI

Venture Round in 2018
CARVI offers distinct solutions in the field of mobility Insurtech. Their precise analysis of the driver's future accident probability and current driving habits is the most effective method of reducing car accidents.

Day1 Company

Series A in 2018
Day 1 Company (formerly Fast Campus) is Korea’s fastest-growing Life-Changing Education startup.

StyleShare

Venture Round in 2016
StyleShare is a realtime mobile and online platform that allows users to share and receive updates on fashion and beauty. With millions of users from 120 different countries, StyleShare is the top mobile platform for those interested in everyday fashion and beauty. Based in Seoul, South Korea, StyleShare has garnered the attention of VOGUE, Instyle, and Elle Japan as the No. 1 mobile fashion application.

Krafton

Venture Round in 2014
Krafton is a game developer for PC and mobile devices that focuses on fantasy games.

Baedal Minjeok

Venture Round in 2014
Baedal Minjeok Seoul-based restaurant delivery app. Baedal Minjeok, made by Korean startup Woowa Brothers, is similar to GrubHub in the US (which Goldman Sachs also owns a stake in) and FoodPanda in Singapore. Almost all of its transactions take place via mobile device. Users simply browse a list of local restaurant menus and pick out what they want on the app, then the Baedal Minjeok team will order, pick it up, and deliver it to their doorstep.