# Neofect Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neofect-co

- Industry: Medical Devices & Equipment
- Headquarters: Seongnam, South Korea
- Website: www.neofect.com/
- Total disclosed funding: $11M
- Latest round: Series C (Dec 22, 2017)
- Investors on record: 11

## About

Founded in 2010 and based in Seongnam, South Korea, Neofect Co., Ltd., operates as a medical device company that specializes in the provision of rehabilitation equipment and services to treat patients with neurological and musculoskeletal irregularities. In July 2019, Company K Partners, Korea Investment & Securities, and Hastings Asset Management invested KRW 14 billion in Neofect Co., Ltd in a PIPE transaction, and In the same month Neofect acquired longlife greencare inc, in an add-on Acquisition. As of 2024, the company is led by its Co-Founder and CEO, Hoyoung Ban, and has partnered with companies like Northern Edge Physical Therapy, Barrow Neurological Institute, HonorHealth Rehabilitation Hospital, and many more.

Neofect manufactures a variety of neurorehabilitation devices such as smart gloves and smart boards that assist users in retraining muscle functions. Neofect also offers therapeutic services which include a cognitive rehabilitation program designed for patients with dementia, traumatic brain injury, and other neurological conditions. The program involves games that work to improve subjects' attention and memory, as well as assuage cognitive impairment.

The company also provides users with the option to teleconference with TeleRehab, a portal through which medical professionals can provide consultations and monitor rehabilitation progress.

Neofect derives its revenue from the sale of therapeutic equipment to medical institutions, such as hospitals, clinics, and nursing homes.

## Funding rounds

- Series C, Dec 22, 2017, $5.5M — Korea Investment & Securities, Shinhan Securities, DSC Investment, Company K Partners, NH Investment & Securities, Hastings Asset Management, SORISB
- Series B, Jun 24, 2016, $5.1M — SBI Investment Korea, Hyundai Venture Investment, DSC Investment, DT&Investment
- Series A, Apr 18, 2014, $0.5M — DSC Investment, Company K Partners
- Seed, Dec 15, 2012, $0.2M — Posco Investment

## Investors

- Posco Investment (https://capitalatlas.ai/funds/posco-investment) — Seed
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A, Series B, Series C
- Company K Partners (https://capitalatlas.ai/funds/company-k-partners) — Series A, Series C
- SBI Investment Korea (https://capitalatlas.ai/funds/sbi-investment-korea) — Series B
- Hyundai Venture Investment (https://capitalatlas.ai/funds/hyundai-venture-investment) — Series B
- DT&Investment (https://capitalatlas.ai/funds/dt-investment) — Series B
- Korea Investment & Securities (https://capitalatlas.ai/funds/korea-investment-securities) — Series C
- Shinhan Securities (https://capitalatlas.ai/funds/shinhan-securities) — Series C
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series C
- Hastings Asset Management — Series C
- SORISB — Series C