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ImmunoForge

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The development of rare disease treatments

Seoul, South KoreaFounded 2017Biotech & Life Sciences
Valuation $100–250M Last recorded · 2025
Total funding $50–100M Disclosed equity funding
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About ImmunoForge

ImmunoForge, a South Korean biopharmaceutical company established in 2017, is focused on the development of novel therapeutics for rare and intractable diseases. The company was co-founded by Sung-min Ahn, a translational scientist with a background in cancer genomics from Gachon University Gil Medical Center, and Kiho Chang, who brings over 25 years of experience in new drug development and global business from tenures at major pharmaceutical firms like Dong-A and LG Life Sciences. Their combined expertise in medical science and the biopharmaceutical business process underpins the company's strategy.

The company's core business revolves around its proprietary Elastin-Like Polypeptide (ELP) platform technology, which is designed to significantly extend the half-life of peptide and protein drugs, potentially by up to 200 times. This technology addresses a critical challenge in drug delivery, aiming to create more effective and tolerable long-term treatments. ImmunoForge's business model centers on advancing its pipeline candidates through preclinical and clinical trials, with a strategy that includes securing partnerships and licensing agreements for commercialization. An expanded licensing agreement with Duke University, where the ELP technology originated, exemplifies this approach, granting ImmunoForge rights for all therapeutic areas except anticancer drugs, for which Duke retains development rights with a profit-sharing arrangement.

ImmunoForge's product pipeline targets conditions with high unmet medical needs, including rare musculoskeletal disorders, cancer, and metabolic diseases. A lead candidate, Froniglutide (PF1801), is a long-acting biologic currently in Phase 2 clinical trials for treating idiopathic inflammatory myopathies like polymyositis and dermatomyositis. Another key asset is Pemziviptadil (PF1804), a treatment for cardiomyopathy associated with Duchenne Muscular Dystrophy (DMD), which has received IND approval for a Phase 2 trial from the U.S. FDA. The company has successfully garnered multiple Orphan Drug Designations (ODD) from the FDA for its candidates, which provides benefits such as market exclusivity and tax credits on clinical trials.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Seoul, South Korea
Open positions
None listed
Dealroom signal
20.0/100
Industry
Health
Sub-industry
Pharmaceutical, BioTechnology
Sector
Biotech & Life Sciences, Oncology, Drug Development, Spinout, Rare Diseases, biomanufacturing, DT and LS, science-based
Client focus
b2b
Links
Website

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Sep 2025 $34M $138M Undisclosed ↗
SERIES BOther financing Aug 2021 $18M $70M Mirae Asset Venture Investment · IMM Investment —
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Growth signals

ImmunoForge website traffic

Latest recorded traffic for ImmunoForge is 440 monthly website visits, down 80% over the last three months.

Latest monthly visits440 3-month web change-80%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Mirae Asset Venture Investment
  • IMM Investment

Other known investors1 additional known investor

  • Gachon University
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇰🇷 South Korea · Seoul HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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