Health tech company Minish Technology said on May 28 it raised 30 billion won in investment from South Korean private equity firm VIG Partners, which valued the company at 150 billion won.
VIG will secure a 20 percent stake through the investment.
Minish Technology said VIG, which has recently invested in healthcare and aesthetics, proceeded with the investment after highly rating its natural tooth preservation and anti-ageing technology.
Founded in 2021, Minish Technology supplies its tooth restoration solution, Minish, to provider dental clinics. It offers a treatment process spanning prevention, restoration and anti-ageing using Minish. It also runs businesses for treatment environments, including developing materials, equipment and IT solutions.
A Minish Technology official said, "This investment round is the result of a top-five domestic investor recognising the competitiveness we have built by pioneering the domestic tooth restoration market." The official added, "In particular, as it was made through a growth fund that places weight on the company’s future growth potential, it shows Minish’s potential that is different from other healthcare investments."
Chi-gyu Hwang
delight@d-today.co.kr