Healthtech company Minish Technology announced on Monday that it has secured a 30 billion won investment from South Korean private equity firm VIG Partners. The round valued the company at 150 billion won, and VIG will acquire a 20 percent stake in the company.
Minish Technology said that VIG, which has recently invested in the healthcare and aesthetics sectors, recognized the company’s ultra-precision machining technology and global competitiveness to lead the natural tooth preservation and anti-aging trends.
Founded in 2021, Minish Technology is a healthtech company that provides provider dental offices with Minish, a tooth restoration solution that restores damaged teeth to their original healthy state.
The company utilizes Minish to provide care processes ranging from prevention, recovery, and anti-aging, while also developing materials, equipment, and IT solutions for optimal treatment environments.
There are 108 provider dental clinics in Japan, 53 in South Korea, 44 in South Korea, 9 in the United States, 1 in Canada, and 1 in Singapore. Cumulative Minish clinical cases have reached more than 220,000, and last year’s revenue increased 44% year-on-year to KRW 14.9 billion.
Last year, the company acquired MD Innovation, which operates the first-generation network dental brand Moa Dental.
A representative from Minish Technology said, “This investment is a result of the competitiveness we have accumulated in pioneering the domestic tooth restoration market being recognized by the Big 5 investors in Korea.” “Especially since it was done through a growth fund that weighs the future growth of the company, it shows the potential of Minish, which is different from other healthcare company investments.”
