About IPS Ventures
IPS Ventures is a venture capital firm founded in 2018. It is primarily based out of Seoul, South Korea. As of Oct 2023, IPS Ventures has invested in 38 companies. It primarily invests in Seed round in South Korea based startups. Its investments are spread across a wide range of sectors from High Tech to Consumer and Life Sciences. Most recently it participated in the $***** Seed round of WeMeet A lot of funds co-invest with IPS Ventures, with names like SBI Investment sharing a substantial percentage of its portfolio. IPS Ventures has team of 9 people including 6 partners.Key Metrics
IPS Ventures' List of Top Investments
IPS Ventures has a portfolio of 38 companies. Their most notable investments are in THYROSCOPE and TEEware.Their portfolio spans across South Korea, France and United States. They have invested in High Tech, Consumer, Life Sciences and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by IPS Ventures:1. Mediwhale
AI based diagnostic device for chronic diseases. It offers AI algorithm based device that analyzes retinal images to predict the persons age, gender, height, and weight, and find biomarkers related to specific diseases which include cardiovascular, chronic kidney disease, retinal diseases, and others.
Key facts about Mediwhale
- Founded Year: 2016
- Location: Seoul (South Korea)
- Stage: Series C
- Total Funding till date: $36.2M
- Employee Count: 46 as on Aug 31, 2026
- Investors: Mirae Asset, Mayo Clinic and 18 Others
- Latest Funding Round: Series C, Mar 31, 2026, $*****
- Highlight: Editors' Pick
2. Vibe Zone
Fanbase-oriented K-pop vibe platform. It provides users with fanbase services and K-pop artist pictures. It also offers an artist-customized search function that searches by hair color, costume concept, and props. Available on both Android and iOS platforms.
Key facts about Vibe Zone
- Founded Year: 2020
- Location: Seoul (South Korea)
- Stage: Funding Raised
- Investors: IPS Ventures
3. Fitogether
Provider of a wearable device for gathering player data. It develops a wearable device for player data acquisition. It also provides an analytics solution for monitoring performance and managing teams.
Key facts about Fitogether
- Founded Year: 2017
- Location: Seoul (South Korea)
- Stage: Series B
- Total Funding till date: $9.18M
- Employee Count: 30 as on Aug 31, 2026
- Investors: STIC Ventures, Magellan Technology Investment and 5 Others
- Latest Funding Round: Series B, Aug 31, 2021, $*****
- Highlight: Editors' Pick
4. VPIX Medical
Developer of digital biopsy platform for intraoperative consultation during cancer surgery. It offers a real-time 생검진단 platform, cCeLL, for intraoperative consultation during cancer surgery. The platform facilitates digital biopsy and provides clinical images for various organs. The company focuses on advancing medical technology through research and development in the field of digital pathology.
Key facts about VPIX Medical
- Founded Year: 2016
- Location: Yuseong District (South Korea)
- Stage: Seed
- Employee Count: 16 as on Aug 31, 2026
- Investors: Kingo, Big Move Ventures and 2 Others
- Latest Funding Round: Seed, Oct 30, 2025, $*****
5. InHandPlus
InHandPlus provides an AI-based smartwatch for medication management. It provides an automatic medication behavior analysis solution and data-driven medication management software. It integrates healthcare data such as medication history in a digital platform and provides personalized healthcare service.
Key facts about InHandPlus
- Founded Year: 2019
- Location: Seoul (South Korea)
- Stage: Series A
- Total Funding till date: $2.29M
- Employee Count: 7 as on Aug 31, 2026
- Investors: Strong Ventures, Maple Investment Partners and 5 Others
- Latest Funding Round: Series A, Jul 07, 2023, $*****
- Highlight: Editors' Pick
IPS Ventures' Year-on-Year Investment Trends
IPS Ventures has invested in 38 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in WeMeet.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 3 | 0 | 3 |
2022 | 0 | 0 | 0 |
2021 | 2 | 0 | 2 |
2020 | 1 | 0 | 1 |
IPS Ventures' Investments by Stage
IPS Ventures has made 3 investments in Seed stage, 2 investments in Series A stage with an average round size of $5.65M and 1 investment in Series B stage with an average round size of $9.18M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
IPS Ventures' Investments by Sector
IPS Ventures has a diverse portfolio, with companies operating in the HealthTech, High Tech, Artificial Intelligence - Industry Applications, Consumer and Enterprise Applications. Notably, it has invested in 31 Tech companies, 19 Enterprise (B2B) companies, 14 Consumer (B2C) companies and at least 13 companies focusing on Software.Sector | No. of Investments |
|---|---|
HealthTech | 4 |
High Tech | 2 |
Artificial Intelligence - Industry Applications | 1 |
Consumer | 1 |
Enterprise Applications | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
IPS Ventures' Investments by Geography
IPS Ventures has made most investments in South Korea (6).IPS Ventures' recent investments
IPS Ventures has not made any investment in 2026 so far.Here are the most recent investments by IPS Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 13, 2023 | South Korea | Seed | 3709 | [+2] | |
Jul 07, 2023 | South Korea | Series A | 1980 | ||
Apr 18, 2023 | South Korea | Series A | 6947 | [+8] | |
Aug 31, 2021 | South Korea | Series B | 4224 | [+3] | |
2021 | South Korea | Seed | 7931 | - |
Team profile of IPS Ventures
IPS Ventures has a team of 9 members including 6 Partners. IPS Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in IPS Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of IPS Ventures
Over the past 6 years, 32 investors have co-invested in IPS Ventures's portfolio companies. This includes funds and angels.
- Top Co-investors of IPS Ventures: 21 investors entered a company along with IPS Ventures. These include investors like SBI Investment (1 company).
- Invested after IPS Ventures: A total of 11 investors have invested in IPS Ventures's portfolio after their investments. Top Investors include Korean Development Bank (1 company), Woori Ventures Partners (1 company) and IMM Investment (1 company).
Recent News related to IPS Ventures
•
Huject attracts investment of 1.8 billion wonVenture Square•Nov 21, 2023•HUJECT, EcoPro Partners, BlissVine Ventures, Hanyang University and 3 others
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Alternative raw meat developer ‘We Meat’ attracts investmentVenture Square•Oct 13, 2023•WeMeet, Postech Holding, CNT Tech, IPS Ventures and 2 others
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AI-powered retina scanning startup Mediwhale raises $9MTechCrunch+•Apr 18, 2023•Mediwhale, KKR, SBI Mutual Fund, BNK Venture Capital and 4 others
