MediBuddy raises $40 million in Series B funding
The companies raised money for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes.
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BENGALURU :
Digital healthcare platform MediBuddy on Tuesday said that it has closed its Series B funding at $40 million led by India Life Sciences Fund III, LLC, along with participation from other investors.
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The company had earlier raised $20 million in June 2020 as part of its ongoing Series B round, while announcing its merger with online doctor consultation startup DocsApp. The company now said that moving forward both companies will be operating under a single brand name - MediBuddy.
Healthcare platform MediBuddy raises $40 m in Series B funding
February 02, 2021
MediBuddy co-founders Satish Kannan (left) and Enbasekar× MediBuddy, a digital healthcare platform, has announced the closure of its $40 million Series B round on Tuesday.
The firm had announced an initial funding of $20 million (₹150 crore) in June 2020 under this round, led by India Life Sciences Fund III, LLC with participation from other investors.
The Series B round attracted new investments from India Life Sciences Fund III, TEAMFund LP, JAFCO Asia Fund, FinSight Ventures, ALES Global Japan and Beyond Next Ventures. Existing investors including Bessemer Venture Partners, Milliways Ventures and Rebright Partners also participated in this round.