About InterVest
InterVest is a venture capital firm founded in 1999. It is primarily based out of Seoul, South Korea. As of Sep 2026, InterVest is an active investor, having invested in 114 companies, with 6 new investments in the last 12 months. It primarily invests in Series B round in South Korea based startups. Its investments are spread across a wide range of sectors from Life Sciences to High Tech and Enterprise Applications. Most recently it participated in the $***** Series B round of MVRIX Overall, InterVest portfolio has seen 3 unicorns, 32 IPOs and 7 acquisitions including key companies like Phantom, Nota and Kredivo Holdings. A lot of funds co-invest with InterVest, with names like Korean Development Bank sharing a substantial percentage of its portfolio. InterVest has team of 32 people including 19 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
InterVest's List of Top Investments
InterVest has a portfolio of 114 companies, including 3 unicorns. Their most notable investments are in WiRobotics and WiRobotics.Their portfolio spans across South Korea, United States, Indonesia and 6 more locations. They have invested in Life Sciences, High Tech, Enterprise Applications and 27 other sectors, across stages such as Series B, Series A and 2 more. Here is the list of top investments by InterVest:
1. Phantom
AI-enabled full-stack system provider for autonomous vehicles. It is an artificial intelligence company focused on developing and optimizing software stacks & sensor suites for autonomous driving while providing various levels of autonomy as end solutions. The company offers technologies for computer vision and Level-2 autonomous vehicles as well as it is developing an optimal platform & sensor suite for Level-4 autonomy in vehicles.
Key facts about Phantom
- Founded Year: 2016
- Location: Burlingame (United States)
- Stage: Acquired
- Total Funding till date: $80.2M
- Employee Count: 50 as on Sep 30, 2026
- Investors: Ford, Millennium Technology Value Partners and 13 Others
- Latest Funding Round: Series C, Feb 01, 2023, $*****
- Highlight: Acquired
2. Nota
Developer of AI optimization solutions for on-device and edge computing. The company provides tools for AI model compression and optimization across various industries. It offers solutions for applications such as surveillance, industrial safety, and intelligent transportation systems. The company focuses on enabling high-performance AI on diverse devices.
Key facts about Nota
- Founded Year: 2015
- Location: Seoul (South Korea)
- Stage: Public
- Total Funding till date: $63.1M
- Employee Count: 176 as on Sep 30, 2026
- Investors: SBVA, Samsung and 17 Others
- Latest Funding Round: Series C, Jun 18, 2024, $*****
- Highlight: Public
Provider of a consumer lending platform for financial applications. It provides users with a company that offers consumer-focused purchase financing, instant cash loans, and more. Loans can be accessed through an app-based platform that is available on iOS and Android devices.
Key facts about Kredivo Holdings
- Founded Year: 2015
- Location: Jakarta (Indonesia)
- Annual Revenue: $1M - $10M as on Dec 31, 2017
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $660M
- Employee Count: 2,963 as on Sep 30, 2026
- Investors: DST Global, Jungle Ventures and 35 Others
- Latest Funding Round: Series D, Mar 22, 2023, $*****
- Highlight: Editors' Pick
4. Upstage
Provider of AI platform for multiple task management. It provides an environment in which customers can focus on their core business by resolving challenges that customers face in the process of integrating AI technology at once, and by streamlining the resources required for AI technology development and maintenance.
Key facts about Upstage
5. Noom
Provider of a digital platform for weight loss management and behavior change. The company offers personalized nutrition support for weight loss management and psychological support for customers with chronic health conditions like hypertension and diabetes. Also offers tracking tools for food, exercise, and more.
Key facts about Noom
- Founded Year: 2008
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $624M
- Employee Count: 1,202 as on Sep 30, 2026
- Investors: Silver Lake, Qualcomm Ventures and 42 Others
- Latest Funding Round: Series F, May 25, 2021, $*****
- Highlight: Editors' Pick
InterVest's Year-on-Year Investment Trends
InterVest has invested in 114 companies over the last 13 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Sep 2026, it has made 10 investments in this year. Its most recent first time investment was in MVRIX and most recent follow-on round was in Inocras.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 4 | 10 |
2025 | 8 | 0 | 8 |
2024 | 8 | 2 | 10 |
2023 | 8 | 0 | 8 |
2022 | 3 | 1 | 4 |
2021 | 10 | 3 | 13 |
2020 | 3 | 1 | 4 |
2019 | 8 | 1 | 9 |
2018 | 3 | 3 | 6 |
2017 | 5 | 0 | 5 |
InterVest's Investments by Stage
InterVest has made 25 investments in Series B stage with an average round size of $23.5M, 24 investments in Series A stage with an average round size of $15M, 10 investments in Seed stage with an average round size of $4.66M and 10 investments in Series C stage with an average round size of $39.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 25 |
Series B | 25 |
Seed | 9 |
Series C | 9 |
Note: We have considered here, only first round of investments
InterVest's Investments by Sector
InterVest has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Life Sciences, Artificial Intelligence - Industry Applications and HealthTech. Notably, it has invested in 97 Tech companies, 75 Enterprise (B2B) companies, 46 Software companies and at least 36 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
High Tech | 26 |
Life Sciences | 16 |
Artificial Intelligence - Industry Applications | 10 |
HealthTech | 10 |
Others | 75 |
Note: We have considered here, only first round of investments
InterVest's Investments by Geography
InterVest has made most investments in South Korea (46), followed by United States where it has made 14 investments.Country | No. of Investments |
|---|---|
South Korea | 46 |
United States | 14 |
Indonesia | 2 |
Malaysia | 2 |
China | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
InterVest's recent investments
InterVest has made 10 investments in 2026 so far. MVRIX and INCERASOLUTION are the latest among them.Here are the most recent investments by InterVest:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 04, 2026 | South Korea | Series B | 6270 | ||
Sep 01, 2026 | South Korea | Series A | 6365 | [+6] | |
Aug 03, 2026 | United States | Series B | 1763 | [+9] | |
Jul 13, 2026 | South Korea | Series A | 6572 | [+13] | |
Jul 13, 2026 | South Korea | Series A | 7144 | [+9] |
Unicorns in InterVest's Portfolio
InterVest has 3 unicorns in its portfolio - Upstage, Kredivo Holdings and Noom. The most recent unicorn in their portfolio is Upstage. It became a unicorn in 2026.Here is a list of unicorns in InterVest's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of AI platform for multiple task management | 2020 | San Jose | Series C | bozsjlm | ||
69 | Provider of a consumer lending platform for financial applications | 2015 | Jakarta | Series D | kuatkzi | ||
68 | Provider of a digital platform for weight loss management and behavior change | 2008 | New York City | Series F | dzamanb |
IPOs and Publicly Listed companies in InterVest's Portfolio
32 of InterVest's portfolio companies have become public. Allganize got listed on the Tokyo Stock Exchange (TYO), in Nov 2026 at marketcap of $147M and SkyeChip got listed on the Bursa Malaysia (KLSE) at marketcap of $89.2M.Here are InterVest's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 04, 2026 | Nov 04, 2023 | Series B | 7706 | |
May 20, 2026 | Aug 28, 2025 | Series A | 4853 | |
Mar 26, 2026 | Nov 07, 2023 | Series B | 1609 | |
Nov 18, 2025 | - | - | 3812 | |
Nov 03, 2025 | Dec 01, 2021 | Series B | 9382 |
Acquired companies in InterVest's Portfolio
7 companies from InterVest's portfolio have been acquired. The most recent acquisition was Phantom in Feb 2026 by Harbinger Motors for $*****.Here are InterVest's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 25, 2026 | Feb 01, 2023 | Series C | 8472 | |
Jun 20, 2025 | - | - | 2330 | |
Sep 20, 2024 | Feb 19, 2019 | Seed | 2925 | |
Jul 19, 2022 | - | - | 5204 | |
Sep 28, 2021 | - | - | 2816 |
Team profile of InterVest
InterVest has a team of 32 members including 19 Partners, 2 Venture Partners and 2 Principals located in South Korea and United States. InterVest's team does not sit on the board of any company as of now.Here is a list of top team members in InterVest:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Seoul | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | South Korea | - | ||
Partner | - | - | - | |
Partner | Seoul | - | - | |
Partner | South Korea | - | - | |
Partner | - | - | ||
Partner | - | - | - |
Co-investors of InterVest
Over the past 13 years, 472 investors have co-invested in InterVest's portfolio companies. This includes funds and angels.
- Invested before InterVest: Stonebridge Capital, SBVA and 141 others have invested in rounds before InterVest. There are 5 companies where Stonebridge Capital has invested before InterVest and 4 companies where SBVA has invested before InterVest.
- Top Co-investors of InterVest: 174 investors entered a company along with InterVest. These include investors like Korean Development Bank (6 companies).
- Invested after InterVest: A total of 155 investors have invested in InterVest's portfolio after their investments. Top Investors include Atinum Investment (5 companies), DS (4 companies) and Korea Investment Holdings (4 companies).
Recent News related to InterVest
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Upstage attracts 180 billion won worth of Series C first investment...becoming a unicornWowtale•Apr 14, 2026•Sazze, Shinhan Venture Investment, Mirae Asset, WOORI Venture Partners and 7 others
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Textile material technology and fashion tech ‘Covertherman’ attracts follow-up investment from IntervestWowtale•Jan 08, 2026•Cover Summon, InterVest
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Coversummon secures follow-up investment from InterVestVenture Square•Jan 08, 2026•Cover Summon, InterVest
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Coverthermon Secures 5 Billion Won in Series A Fundingmk.co.kr•Mar 13, 2025•Cover Summon, InterVest, JS Corporation, Big Move Ventures
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AI music technology company NewTune attracts 2 billion won in pre-A investment from InterVestESTaid Corp.•Dec 04, 2024•InterVest, Neutune, Mix.audio
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Smith Hill Capital, ECI Group, InterVest Form $250M Multifamily Lending PlatformCommercial Observer•Oct 16, 2024•Smith Hill Capital, ECI Group, InterVest, ECI Group and 2 others
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Liner raises $20 mn in Series B fundingKedglobal•Oct 11, 2024•LINER, Atinum Investment, InterVest, Samsung Venture Investment and 5 others
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AI startup VoyagerX attracts 16.5 billion won in new investmentmk.co.kr•Oct 10, 2024•VoyagerX, InterVest, Murex, InterVest and 3 others
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Nota AI Secures $19.9Million Series C to Pioneer On-Device Generative AIAiThority•Jun 18, 2024•Nota, STIC Ventures, Korea Development Bank Europe, Stonebridge Ventures and 5 others
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Linq raises $6.6M to use AI to make research easier for financial analystsTechCrunch+•Jun 11, 2024•InterVest, Atinum Investment, Techstars, Kakao Ventures and 3 others
