BLOG

kindrik partners advises healthtech startup on $6.3million series A investment

Logo_white

share:

Share on facebook
Share on twitter
Share on linkedin
Share on email

We’re thrilled to have advised healthtech startup, mClinica, on its US6.3million series A investment. The financing round was led by Silicon Valley fund, Unitus Impact, and Global Innovation Fund based in London. Existing investors, including Kickstart Ventures, IMJ Investment Partners and 500 Startups, also participated in the investment round.

mClinica provides data and analytics services in the heath sector. Its technology brings together independent pharmacies in Southeast Asia on a single mobile platform and provide access to crucial health data (e.g. what medicines are being dispensed). Through analytics programmes, reports are provided to public and private healthcare players, e.g. pharmaceutical companies or government agencies. While this kind of data is more readily available in large Western economies (due to the domination of big customer healthcare outlets), mClinica advises that, in Southeast Asia and other emerging economies, there is a vast number of independent pharmacies and therefore no way of capturing and collating this key data. mClinica is providing a solution to this.

mClinica currently operates in the Philippines, Indonesia and Vietnam. Whilst Southeast Asia remains the focus for now, the company may look at other emerging economies across the world where this type of technology and business model would provide real benefit.

It’s great to be involved with companies like mClinica. When we talk about startup disruption, we typically think of productivity tools which increase efficiencies or lower the cost. Disruption in emerging economies, as mClinica has demonstrated, can mean something much more significant. In this case, utilising mobile technology and analysis of data can be transformative for long-term healthcare in terms of access, quality and affordability.

Congrats to Farouk and the mClinica team.

explore our other blog posts

kindrik partners advises Filipino startup edamama on US$5m pre-series A round

We’re pleased to have advised Edamama, an e-commerce platform targeted at mothers in the Philippines, on its recent US$5 million pre-series A round. Gentree Fund, Robinsons Retail Holdings, Kickstart Ventures, Foxmont Capital partners, and other angel investors participated in the round. Edamama was launched in mid 2020 by Nishant and…

introducing: the startup guide to venture debt

Venture debt is fast becoming an alternative or complementary path for startups looking to get capital to accelerate their growth. We’ve created a new resource to help startups get their head around venture debt: The Startup Guide to Venture Debt in Southeast Asia. Our guide covers venture debt for startups…

kindrik newsletter