Integration, a platform for traditional Korean medicine, secured 27.5 billion KRW in funding led by Altos Ventures to enhance operational efficiency and expand its services for practitioners.

Target Information

Integration, a platform for the comprehensive operation of traditional Korean medicine, has successfully secured 27.5 billion KRW in its latest funding round. Founded by Jeong Hee-bum in 2019, the company aims to foster collaboration and information sharing among healthcare professionals in the traditional medicine sector through its flagship community, 'MediStream'. Boasting a membership that includes over 85% of registered traditional medicine practitioners in South Korea, Integration serves approximately 23,700 active users. The company is expanding its services to include a specialized commerce platform for traditional medicine clinics, alongside its EMR (Electronic Medical Record) and CRM (Customer Relationship Management) systems.

Integration is strategically positioned in a domestic market valued at roughly 8 trillion KRW, which sees around 96 million patient visits annually. However, a significant portion of the 15,000 traditional medicine clinics operate independently, leading to inefficiencies in non-clinical tasks such as distribution, marketing, and patient management. The integration of business operations aims to enable practitioners to focus more on patient care, thereby enhancing revenue.

Industry Overview

The traditional Korean medicine sector plays a crucial role within the broader healthcare landscape, offering unique and culturally significant treatment modalities. The market has witnessed increasing interest recently, part