Vietnam's Medigo Raises USD 2M In Series A Funding lead by East Ventures

Medigo, a telehealth platform based in Vietnam that offers on-demand medicine prescription and delivery services, has raised $2 million in a series A funding round led by East Ventures.

Pavilion Capital and Touchstone Partners also participated in the round, according to Medigo.

Medigo intends to use the additional funds to expand its services and create a healthcare ecosystem in Vietnam.

The new funding will allow Medigo to build a healthcare ecosystem that includes remote doctor consultation, quick medicine delivery around the clock, and home testing services.

Remote doctor consultation is an online platform that connects customers with leading doctors, allowing them to receive health advice regardless of their location.

The platform's 24-hour quick medicine delivery service ensures that customers receive their medication as soon as possible, usually within 20 minutes, even if it is urgent.

Customers can use home testing services to perform a variety of health tests in the comfort of their own homes, such as blood tests, urine tests, and pregnancy tests.

The platform also aims to improve the community's mental and physical health by optimising operations through digital transformation.

Ha Le, Medigo's CEO and Co-Founder, expressed his excitement about East Ventures' lead role in the current fundraising round.

East Ventures has supported over 250 technology companies as one of the leading venture capital firms in Southeast Asia and the world.

“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 Vietnamese medical technology company founded in 2019 that is developing a platform that connects users to high-quality healthcare services.

The Medigo platform connects customers with the closest trusted pharmacies, allowing for on-demand medicine delivery.

The Medigo app allows users to locate nearby licenced pharmacies and order medication for immediate delivery.

The Medigo app currently has over 500,000 active users and nearly 1,000 pharmacy partners across Vietnam, thanks to its ability to provide users with convenient, quick, and cost-effective health services.

Medigo's vision is to build a strong healthcare ecosystem for its customers in Vietnam and beyond.

Medigo has continuously improved its operations and services, optimising the user experience and acting as a bridge to facilitate users' access to healthcare services in a safe, quick, convenient, and efficient manner.

East Ventures is a cutting-edge, sector-agnostic venture capital firm.

Founded in 2009, the firm has evolved into a comprehensive platform that provides multi-stage investment for over 250 Southeast Asian technology companies, ranging from seed to growth stage investments.

East Ventures is the first investor in Indonesia's unicorn companies, Tokopedia and Traveloka, as an early believer in the Indonesian startup ecosystem.

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 are among the other notable companies in East Ventures' portfolio.