# IVIM Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ivim-technology

- Industry: Medical Devices & Equipment
- Headquarters: Daejeon, South Korea
- Website: www.ivimtech.co.kr
- Total disclosed funding: $22M
- Latest round: Series C (Apr 21, 2022)
- Investors on record: 7

## About

Based in South Korea, IVIM Technology Corp. specializes in delivering innovative technological solutions that enhance operational efficiency for enterprises across various industries.IVIM Technology Corp., founded in 2017 and headquartered in Daejeon, South Korea, focuses on developing technology-driven solutions for enterprise-level operational challenges. The company was founded by Insun Kim, who has a background in technology entrepreneurship. IVIM Technology has successfully completed a total of 4 deals, with its most recent funding round being a Series C, where it raised KRW 15 billion on August 6, 2024, from investors including Atinum Investment and Mirae Asset Venture Investment, among others. This round brought the total amount raised by the company to KRW 15 billion.The company’s core product offerings center around innovative solutions designed to address specific operational challenges faced by enterprises across various sectors. These solutions encompass advanced software applications and platforms that facilitate enhanced data management, analytics, and process optimization. By catering primarily to mid-sized and large enterprises in industries such as finance, healthcare, and manufacturing, the company aims to streamline workflows, improve decision-making, and ultimately drive business growth. Since their initial launch, these products have been well-received in key markets, including North America and Western Europe, where the demand for efficient, technology-driven solutions is significant. The customer base includes a diverse range of clients, from established corporations to emerging businesses seeking to leverage technology for competitive advantage.The company generates revenue through a combination of subscription-based models and direct sales of its flagship software solutions. Clients typically engage in annual contracts that provide access to the company’s products along with ongoing support and updates. These transactions are structured to promote long-term partnerships, with clients benefiting from tiered pricing plans based on the scale of usage and the number of users. Revenue is further supported by additional services like customization and consulting, tailored to meet the specific needs of clients. By ensuring a comprehensive suite of offerings, the company fosters a reliable revenue stream while maintaining strong client relationships, positioning itself effectively within the market.IVIM Technology Corp. plans to leverage its recent funding of KRW 15 billion from the Series C round to enhance its product offerings and expand into new markets. The company is currently developing advanced software solutions targeted for launch in late 2024, aimed at enhancing operational efficiency for clients in growing sectors. Additionally, IVIM Technology aims to penetrate the Southeast Asian market by 2025, responding to the increasing demand for technological solutions in that region. Furthermore, the company successfully raised KRW 22.34 billion in an IPO on August 6, 2024, selling shares on the KOSDAQ, which will also support its expansion efforts.

## Funding rounds

- Series C, Apr 21, 2022, $12M — LB Investment, Atinum Investment, Mirae Asset Venture Investment, Premier Partners, BNH Investment, Time Folio Asset Management
- Series B, Oct 7, 2019, $7.4M — Atinum Investment, Company K Partners, Mirae Asset Venture Investment, BNH Investment, Time Folio Asset Management
- Series A, Oct 30, 2017, $2.7M — LB Investment, Atinum Investment

## Investors

- LB Investment (https://capitalatlas.ai/funds/lb-investment) — Series A, Series C
- Atinum Investment (https://capitalatlas.ai/funds/atinum-investment) — Series A, Series B, Series C
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series B
- Mirae Asset Venture Investment (https://capitalatlas.ai/funds/mirae-asset-venture-investment) — Series B, Series C
- BNH Investment (https://capitalatlas.ai/funds/bnh-investment) — Series B, Series C
- Time Folio Asset Management — Series B, Series C
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series C