# QUADMEDICINE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quadmedicine

- Industry: Medical Devices & Equipment
- Headquarters: Seongnam, South Korea
- Website: www.quadmedicine.com
- Total disclosed funding: $14M
- Latest round: Series C (May 11, 2022)
- Investors on record: 6

## About

Based in Seongnam, South Korea, and founded in 2016 by CEO Seung-Ki Baek, QuadMedicine, Inc. develops a medical microneedle platform technology used for a wide range of vaccines, diagnostic medical devices, and synthetic drugs that can be delivered trans-dermally. In January 2025, QUADMEDICINE raised KRW 7 billion in pre-IPO funding from new investors Horizon Investment, AON Investment, KAIC TO Ventures, MMS Ventures, and Yonsei Biohealth Technology Holdings. Returning investor Shinhan Venture Investment also participated in the round. As of April 2022, the company employs about 39 employees. The product pipeline of QuadMedicine includes QMV-P007 for DTP-HepB-HiB vaccination, QMV-P008 for influenza vaccination, QMM-P009 for osteoporosis, QMM-P010 for alopecia, QMD-P011, and QMD-P012. The company also offers MAP (microneedle array patch), a medical product platform that comprises APIs and solid microneedles used for biologics, chemical drugs, and diagnosis. In addition, the firm provides MAP-specific formulations, manufacturing equipment, and product testing and analysis methods. The company plans to use the January 2025 funding for research and development.

## Funding rounds

- Series C, May 11, 2022, $12M — Shinhan Venture Investment, NH Investment & Securities, Kiwoom Investment
- Series A, Mar 27, 2019, $1.8M — Krypton
- Series A, Nov 1, 2018, $0.4M — Krypton
- Seed, Mar 1, 2017 — Bluepoint Partners, Korea Tech Incubator for Startup

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- Korea Tech Incubator for Startup — Seed
- Krypton (https://capitalatlas.ai/funds/krypton) — Series A
- Shinhan Venture Investment (https://capitalatlas.ai/funds/shinhan-venture-investment) — Series C
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series C
- Kiwoom Investment (https://capitalatlas.ai/funds/kiwoom-investment) — Series C