Medigo, a Vietnam-based telehealth platform that provides on-demand medicine prescription and delivery services, has successfully raised $2 million in a series A funding round led by East Ventures.
The round also saw the participation from Pavilion Capital and Touchstone Partners, Medigo said in a statement.
With the added capital, Medigo plans to strengthen its services and develop a healthcare ecosystem in Vietnam.
The new capital will enable Medigo to develop a healthcare ecosystem that includes remote doctor consultation, 24/7 quick medicine delivery, and home testing services.
Remote doctor consultation is an online connection platform with leading doctors, helping customers receive advice on health issues regardless of their location.
The platform’s 24/7 quick medicine delivery service helps ensure that customers receive their medication as quickly as possible within 20 minutes, even when urgent.
Home testing services enable customers to perform a variety of health tests in the comfort of their own homes, including blood tests, urine tests, and pregnancy tests.
The platform also aims to improve the mental and physical health of the community by optimizing operations through digital transformation.
Medigo’s Chief Executive Officer and Co-Founder Ha Le expressed his excitement about East Ventures’ lead role in the current fundraising round.
As one of the leading venture capital firms in Southeast Asia and the world, East Ventures has supported more than 250 tech companies.
“East Ventures’ investment is a powerful vote of confidence in Medigo’s vision, business model, and direction,
“We greatly appreciate the trust and commitment they and our other investors have placed in us and we look forward to working with them as we continue to scale up our business,” said Ha.
Meanwhile, East Ventures Managing Partner Koh Wai Kit said digital technologies can improve the accessibility and affordability of good quality healthcare.
“We are excited by Medigo’s mission to revolutionalize pharmacies and healthcare services in Vietnam,
“We welcome Medigo to East Ventures’ ecosystem and look forward to collaborating with them to drive healthcare innovation,” he added.
Medigo is a medical technology company in Vietnam founded in 2019 that is creating a platform that connects users with high-quality healthcare services.
Medigo’s platform connects customers with the nearest trusted pharmacies, providing on-demand medicine delivery services.
The Medigo app helps people find the nearest licensed pharmacies and order medicine to be delivered instantly.
By offering convenient, fast, and cost-saving health services for users, the Medigo app currently has more than 500,000 active users and nearly 1,000 pharmacy partners across Vietnam.
Medigo’s vision is to develop a strong healthcare ecosystem that will benefit its customers in Vietnam and beyond.
Since its launch, Medigo has continuously improved its operations and services, optimizing the user experience, as well as serving as a bridge to facilitate users’ access to healthcare services safely, quickly, conveniently, and efficiently.
East Ventures is a pioneering and leading sector-agnostic venture capital firm.
Founded in 2009, the firm has transformed into a holistic platform that provides multi-stage investment, from seed to growth stage investments, for over 250 tech companies across Southeast Asia.
As an early believer in the startup ecosystem in Indonesia, East Ventures is the first investor of Indonesia’s unicorn companies, namely Tokopedia and Traveloka.
Other notable companies in East Ventures’ portfolio include Ruangguru, SIRCLO, Kudo (acquired by Grab), Loket (acquired by Gojek), Tech in Asia, Xendit, IDN Media, MokaPOS (acquired by Gojek), ShopBack, KoinWorks, Waresix, and Sociolla.