Smilegate Investment

Smilegate Investment, established in 1999 in Seoul, South Korea, is a venture capital and private equity firm that has actively supported the growth of over 200 companies since its inception. Originally founded as MVP Capital, the firm has organized and managed more than 30 funds, focusing on a diverse range of sectors including B2B, B2C, media, healthcare, energy, information technology, advanced manufacturing, climate technology, digital health, SaaS, artificial intelligence, big data, e-commerce, financial technology, mobile commerce, clean technology, and life sciences. Smilegate Investment aims to identify and nurture promising growth potential within these industries, contributing to the advancement of the South Korean economy.

Byung-Hwi Ahn

Senior Vice President

Heung-Sun Chang

Senior Vice President

Kyoung-Hwan Kim

Senior Vice President

Young-Kwon Ku

President

Jong-Ho Lee

Senior Vice President

Ki-Mun Nam

CEO

Kimoon Nam

CEO

Jung-In Park

Senior Vice President

Past deals in Wearables

Fitogether

Venture Round in 2024
Fitogether focuses on football data analysis and has developed a wearable electronic performance tracking system tailored for elite football leagues, teams, and players. This device facilitates the acquisition of player data and fitness management, enabling the monitoring of players' readiness and supporting periodization. Additionally, it offers performance evaluation metrics, including endurance and tactical analysis, through a cloud-based platform. This technology empowers players and coaches to assess the collected data effectively and manage player workload, enhancing overall performance and strategic decision-making in the sport.

Agreable

Series C in 2023
Agreable is a brand commerce startup that manufactures and distributes lifestyle products.

PranaQ

Seed Round in 2022
PranaQ is a digital healthcare company focused on developing wearable medical devices designed to address sleep and breathing disorders. Utilizing an AI-powered biomedical signal processing algorithm, the company's technology measures sleep quality and blood flow through LED light exposure on the skin, while also monitoring oxygen saturation, heart rate variability, and respiratory vital signs. By providing these digital solutions, PranaQ aims to empower individuals with greater understanding of their health conditions, enhance their ability to manage medical treatments, and ultimately improve their quality of life. The company is positioned at the forefront of the Internet of Medical Things, reflecting its commitment to advancing digital healthcare.

Cardio Health

Seed Round in 2022
CardioHealth is developing a service that utilizes the Cardio AI agent to perform basic cardiac stress tests for individuals at home or in the gym, enabling early detection of cardiovascular diseases. Currently, we are leveraging a VR exercise bike platform to increase engagement in various non-patient exercises, thereby collecting a large volume of cardiac stress test data to train the AI.

Dr.Diary

Series B in 2022
Dr.Diary is a company that provides a comprehensive diabetes management application aimed at helping users monitor and manage their condition effectively. Founded in 2017 and based in Seoul, South Korea, the application allows users to track their blood glucose levels, exercise routines, and food intake, while offering insights on how these factors influence their health. In addition to these features, the platform includes medicine intake reminders, monthly health reports, and daily tips on diabetes management. It also facilitates communication with friends and provides personal consultation services with healthcare professionals, enhancing the overall user experience in managing diabetes.

Earable Neuroscience

Seed Round in 2022
Earable Neuroscience is a deep tech company focusing on building consumer wearables and solutions that unlock human potential through improved sleep and cognitive function. Earable was early-invested in by FoundersFund and Samsung Ventures. After 9 years of R&D at the University of Colorado and the University of Oxford, Earable invented FRENZ Brainband - a pioneering AI-powered sleep-aid wearable designed to track and stimulate brain activity in real time using science-backed personalized audio delivered via bone-conduction speakers.

WELT

Series B in 2021
WELT is a company that focuses on health and wellness through innovative wearable technology, specifically a smart belt that combines fashion with functionality. This device monitors key health metrics, including waist size, steps taken, sitting time, and eating habits, to help users adopt healthier lifestyles. By leveraging Bluetooth technology, the belt connects to an app that provides personalized insights and alerts, assisting users in managing their health and avoiding metabolic risks. The smart belt is designed to resemble a traditional leather belt, ensuring that it remains stylish while serving its health-related purposes. Its rechargeable battery lasts over seven days, making it a practical choice for everyday wear.

Huinno

Series B in 2020
Huinno, Inc. is a healthcare technology company established in 2014 and headquartered in Boston, Massachusetts, with additional offices in New York and Seoul. The company specializes in developing advanced healthcare devices designed to monitor vital health data, including blood pressure, heart rate, electrocardiograms (ECG), and blood oxygen saturation levels. Utilizing proprietary wearable devices along with AI-based analytics, Huinno aims to transform the management of chronic cardiac diseases by providing continuous, real-time health monitoring with clinical-grade accuracy. Their platform includes an application and a cloud-based ecosystem that facilitates longitudinal trend analysis of patients' health metrics, medication compliance, and lifestyle habits. By offering healthcare providers a robust remote patient monitoring solution, Huinno enhances chronic disease prevention and reduces hospital readmission rates, ultimately supporting clinicians in making informed medical decisions.

IDUS

Series D in 2020
IDUS is an online store that sells watches, home fabric, shoes, rings, earrings, necklaces, bracelets, phone cases, digital accessories, and home interior products. They enable customers to transact directly with sellers over the Internet via a web browser or a mobile app. Their goods benefit customers.

Huinno

Series A in 2019
Huinno, Inc. is a healthcare technology company established in 2014 and headquartered in Boston, Massachusetts, with additional offices in New York and Seoul. The company specializes in developing advanced healthcare devices designed to monitor vital health data, including blood pressure, heart rate, electrocardiograms (ECG), and blood oxygen saturation levels. Utilizing proprietary wearable devices along with AI-based analytics, Huinno aims to transform the management of chronic cardiac diseases by providing continuous, real-time health monitoring with clinical-grade accuracy. Their platform includes an application and a cloud-based ecosystem that facilitates longitudinal trend analysis of patients' health metrics, medication compliance, and lifestyle habits. By offering healthcare providers a robust remote patient monitoring solution, Huinno enhances chronic disease prevention and reduces hospital readmission rates, ultimately supporting clinicians in making informed medical decisions.

Earable Neuroscience

Seed Round in 2019
Earable Neuroscience is a deep tech company focusing on building consumer wearables and solutions that unlock human potential through improved sleep and cognitive function. Earable was early-invested in by FoundersFund and Samsung Ventures. After 9 years of R&D at the University of Colorado and the University of Oxford, Earable invented FRENZ Brainband - a pioneering AI-powered sleep-aid wearable designed to track and stimulate brain activity in real time using science-backed personalized audio delivered via bone-conduction speakers.

WELT

Series A in 2018
WELT is a company that focuses on health and wellness through innovative wearable technology, specifically a smart belt that combines fashion with functionality. This device monitors key health metrics, including waist size, steps taken, sitting time, and eating habits, to help users adopt healthier lifestyles. By leveraging Bluetooth technology, the belt connects to an app that provides personalized insights and alerts, assisting users in managing their health and avoiding metabolic risks. The smart belt is designed to resemble a traditional leather belt, ensuring that it remains stylish while serving its health-related purposes. Its rechargeable battery lasts over seven days, making it a practical choice for everyday wear.

IDUS

Venture Round in 2018
IDUS is an online store that sells watches, home fabric, shoes, rings, earrings, necklaces, bracelets, phone cases, digital accessories, and home interior products. They enable customers to transact directly with sellers over the Internet via a web browser or a mobile app. Their goods benefit customers.
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