Home Startups Vietnamese healthcare company secures US$5M Series A funding from Monk's Hill Ventures

Vietnamese healthcare company secures US$5M Series A funding from Monk’s Hill Ventures

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Jio Health, a Vietnam-based healthcare startup, announced on Monday that it had closed a US$5 million Series A financing round led by Monk’s Hill Ventures. Founded in 2014, Jio Health operates a full-stack technology-driven healthcare service, including telemedicine, digital medical records and home doctor visits in Vietnam. The new funds will allow Jio Health to scale its operations and capabilities.

The startup champions affordability and accessibility in the whole spectrum of healthcare, letting customers have access to on-demand healthcare services such as primary care, chronic disease management, pediatrics, and ancillary care services. It also has a vertically integrated polyclinic, lab, and pharmacy, which enable it to deliver scalable and quality care services.

The startup was initially founded in the US, but later moved to Vietnam when its founders saw the opportunity to offer tech-driven healthcare services to people who live in Southeast Asia.

Having launched its full suite of services in Vietnam for about a year now, Jio Health has roughly 130 staff members including 30 from the tech team and 70 caregivers which include doctors. It also holds several relevant licenses to prescribe and sell over-the-counter drugs.

Jio Health plans to expand to Hanoi before the end of this year and may be looking at international expansion plans only in 2020.

Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

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