About Assistive Tech sector in South Korea
The Assistive Tech sector in South Korea comprises 40 companies, including 14 funded companies having collectively raised $55.9M in venture capital money and private equity. Out of these, 6 are Series A+ funded.
Assistive Tech sector in South Korea has seen 1 IPO.
This sector includes companies that develop innovative hardware and/or software or offer tech-enabled services to improve the functional capabilities of people with disabilities or elderly people.
Assistive Tech sector is also known as Disabled and Elderly Assistive Technology or Assistive Technology.
Companies developing infrastructure solutions like accessibility solutions and accessibility testing solutions for people with disabilities and elderly people, high tech assistive devices/hardware and/or assistive software, industrial and enterprise solutions, consumer applications for, and tech-enabled services aimed at people with disabilities are included in this sector. Companies developing low tech/no tech assistive devices, non-profit websites and/or organizations, websites of regulations associated with persons with disabilities or elders and investment firms investing in assistive tech startups are excluded.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
IPOs
Also known as
Disabled and Elderly Assistive Technology or Assistive Technology
Top Assistive Tech Companies in South Korea
There are 40 Assistive Tech startups in South Korea which include Olive Union, H·ROBOTICS, Sullivan +, CareDoc, Good Neighbors. Out of these, 14 startups are funded, with 6 having secured Series A+ funding.
Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Columbia University.
Here is the list of top Assistive Tech startups in South Korea
1. Olive Union
Provider of personal sound amplifying product. The company's product, Olive, is a smart hearing aid and uses a sound algorithm and Bluetooth technology. The connected app allows users to test their hearing ability and manage their hearing profile.
Key facts about Olive Union
- Founded Year: 2016
- Location: Seoul (South Korea)
- Stage: Series B
- Total Funding till date: $20M
- Investors: Bonds Investment Group, JFC and 5 Others
- Latest Funding Round: Series B, Apr 05, 2021, $*****
- Tracxn Score: 53/100 What is this?
- Competitors Rank: 1 of 6 Competitors
2. H·ROBOTICS
Developer of robotic rehabilitation systems. Its features include integrated telemedicine software, assist-as-needed control, treatment for various conditions related to joint, muscle, and neurological pathologies, as well as passive motion and range of motion measurement. It enables remote rehabilitation of patients in their homes and clinics.
Key facts about H·ROBOTICS
- Founded Year: 2018
- Location: Pohang si (South Korea)
- Stage: Series B
- Total Funding till date: $10M
- Investors: POSCO Capital, Hana Financial Group and 8 Others
- Latest Funding Round: Series B, Oct 18, 2021, $*****
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 14 of 242 Competitors
3. Sullivan +
Sullivan is an artificial intelligence-based visual guide. It provides voice assistance for blind and low vision people. It uses a smartphone camera to recognize the images. It can also recognize characters, colors, and brightness. It also has a magnifier tool.
Key facts about Sullivan +
- Founded Year: 2018
- Location: Daegu (South Korea)
- Stage: Unfunded
- Tracxn Score: 41/100 What is this?
- Competitors Rank: 2 of 35 Competitors
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4. CareDoc
Caredoc is a provider of doctors listing platform for multiple diseases. It allows users to search for various clinics, hospitals, doctors based on their requirements. It provides details about hospital & doctors with reviews & ratings.
Key facts about CareDoc
- Founded Year: 2018
- Location: Seoul (South Korea)
- Stage: Series B
- Total Funding till date: $12.9M
- Investors: D3 Jubilee Partners, Insight Equity and 14 Others
- Latest Funding Round: Series B, Nov 15, 2023, $*****
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 1 of 8 Competitors
Online platform providing remote assistance solutions for elders. The platform provides community care solutions for elders from the neighborhood. Users can match with long-term and short-term caregivers and care providers using the platform.
Key facts about Good Neighbors
- Founded Year: 2019
- Location: Incheon (South Korea)
- Stage: Unfunded
- Tracxn Score: 38/100 What is this?
Companies founded year-on-year in the Assistive Tech sector in South Korea
6 Assistive Tech startups in South Korea were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | - |
2023 | 1 |
2022 | 6 |
2021 | 2 |
2020 | 4 |
2019 | 1 |
2018 | 6 |
2017 | 4 |
2016 | 5 |
Stage-wise distribution of Assistive Tech sector companies in South Korea
Out of the total 40 Assistive Tech companies in South Korea, 14 have secured funding. Among them, 6 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 40
Funded - 14
Series A+ - 6
Series B+ - 5
Series C+ - 1
Company Stage | No. of companies |
|---|---|
Founded | 40 |
Funded | 14 |
Series A+ | 6 |
Series B+ | 5 |
Series C+ | 1 |
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Funding Trends in the Assistive Tech sector in South Korea
Total funding year-on-year in the Assistive Tech sector in South Korea
The Assistive Tech sector in South Korea saw a total funding of more than $55.9M in the last 10 years. The most amount of funding was in 2023 at more than $28.9M.
- Total Funding
Year | Total Funding |
|---|---|
2023 | $28.9M |
2022 | - |
2021 | $17M |
2020 | - |
2019 | $10M |
2018 | - |
Recent Funding Rounds in Assistive Tech in South Korea
In the year 2023, till December 2023, Assistive Tech companies in South Korea have raised $28.9M in equity funding across 3 rounds.
In the same period last year (i.e. till June 2022), Assistive Tech companies in South Korea had raised equity funding across 1 round.
Here are some recent, important funding rounds in Assistive Tech companies in South Korea:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 3371 | Dec 14, 2023 | - | |
Series B | 1607 | Nov 15, 2023 | and 9 more | |
Series B | 8793 | Nov 06, 2023 | ||
Seed | 2719 | 2022 | ||
Series B | 2660 | Oct 18, 2021 | and 7 more |
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Top Investors in Assistive Tech in South Korea
K-Startup Grand Challenge is the top investor in Assistive Tech companies in South Korea based on number of companies invested.
Here are some top investors in Assistive Tech companies in South Korea:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Seongnam-si (South Korea) | - | |
Sunnyvale (United States) | - | |
Seoul (South Korea) | ||
Paris (France) | - | |
Seoul (South Korea) |
IPOs in Assistive Tech in South Korea
In the year 2014, till December 2014, 1 IPO happened in Assistive Tech sector in South Korea.
Here are some recent, important IPOs in Assistive Tech sector in South Korea:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 17, 2014 | Korea Exchange (KRX) |
Top News in Assistive Tech in South Korea
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Selvas Healthcare, Selvas AI, business cooperation and stock transfer agreement with MedianaVenture Square•Nov 20, 2023•Mediana, Selvas AI, SELVAS Healthcare
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