Vietnamese digital well being startup Med247 will get $4.5M in Collection A funding


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Med247, a well being tech startup in Vietnam, has raised $4.5 million in an oversubscribed Collection A funding spherical led by Altara Ventures.

The spherical additionally drew the participation of Pavilion Capital, MiRXES, and angel traders East Ventures and Venturra Ventures.


Launched in 2019 with seed funding from enterprise capital funding agency KK Fund, Med247 operates underneath an offline-to-online mannequin. It gives a cellular telehealth app the place customers can guide clinic appointments, entry distant teleconsultation with docs, request digital medical data, and order prescription medicines and assessments for supply. 

The app additionally includes a screening software that’s powered by PPG expertise and AI to acquire customers’ very important indicators by means of a smartphone digicam. 

On its offline aspect, the startup runs a community of comfort store-type household clinics that present multi-speciality healthcare and expertise help. 


Primarily based on a LinkedIn announcement, its contemporary funding shall be used to place up extra household clinics, rising its depend to over 70 from simply 4 by yearend. It additionally plans to arrange a coaching academy for docs and nurses and speed up R&D efforts.


Med247 was envisioned to be a one-stop store for main and preventive care, prescribed drugs, medical providers, and telemedicine, in keeping with CEO and co-founder Tuan Truong.

“From day one, our mission has been to reinvent the digital healthcare mannequin and improve well being entry for Vietnam’s underserved main and household care sufferers,” stated Med247 COO and co-founder Thao Nguyen. 

In Vietnam, there are about 9 docs for each 10,000 sufferers, which is near the World Well being Group’s customary however removed from the 36:10,000 physician to affected person ratio beneficial by the Group for Financial Co-operation and Growth.


Early within the month, its fellow Vietnamese startup Jio Well being, which additionally operates an offline and on-line healthcare ecosystem, scored $20 million in a Collection B funding spherical, the proceeds from which shall be deployed for its native and worldwide enlargement, in addition to the addition of extra sensible clinics throughout Vietnam.

One other native startup, on-line pharmacy Medigo, obtained $1 million in funding final September which it’ll use to introduce extra choices, together with telemedicine.

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