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MVRIX

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Targeted mRNA therapeutics and recombinant botulinum toxin platform

Anyang-si, South KoreaFounded 2021Biotech & Life Sciences
Valuation $0–100M Latest valuation · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About MVRIX

MVRIX is a South Korean biotechnology firm established in 2021, specializing in the development of therapeutics for infectious diseases through advanced platform technologies. The company is headquartered in Hwaseong, Gyeonggi-do. Since its founding, MVRIX has secured approximately 9.8 billion KRW in funding and grants and has built an intellectual property portfolio of around 80 assets. Notable investors include Laplace Partners, Capstone Partners Korea, and Korea Investment Partners, who participated in a Series A funding round.

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The company's core technological strength lies in three main platforms developed since its inception. The flagship is the Navibody platform, a targeted mRNA delivery system. This technology uses a fusion protein, combining a Lipid Nanoparticle (LNP)-binding protein with an antibody, to enable the precise delivery of mRNA therapeutics encapsulated in LNPs to specific cells. This method aims to enhance the targeting of treatments for applications such as cancer and in vivo CAR-T, while minimizing off-target effects, particularly in the liver. mRNA serves as a blueprint for cells to produce specific proteins, and LNPs are the delivery vehicles that protect the mRNA.

In addition to mRNA delivery, MVRIX is developing engineerable recombinant botulinum toxin (rBoNT) and virucidal therapeutics. The rBoNT platform focuses on creating new therapeutic applications for botulinum neurotoxins, which are potent proteins with established uses in medicine. The company also has pipelines including MIC-001 and MBT-002, with the latter being licensed out to Eyegene Inc. in May 2025.

MVRIX actively collaborates with universities, research institutions, and industry partners to advance its research and development efforts. The company has received several recognitions, including being selected for the Super Gap Startup 1000+ Project and the KDDF Drug Development Project in 2025. Its business model focuses on leveraging its platform technologies to develop novel drugs, either independently or through partnerships and licensing agreements with other pharmaceutical and biotech companies. The company operates in a competitive landscape that includes major players like Moderna and Novavax.

Source: Dealroom company data

At a glance

Founded
2021
Headquarters
Anyang-si, South Korea
Sector
Biotech & Life Sciences

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Investors

5 investors on the cap table

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

Series A5 investors entered at this stage

  • InterVest
  • EyeGene
  • Korea Investment Partners
  • Korea Omega Investment
  • Seoul National University of Science and Technology Technology Holding Company
Employees 8 total headcount
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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

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Workforce by country
1 countries with
team presence
🇰🇷 South Korea100%
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Market sentiment

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