zennya, a Philippine-based mobile healthcare and medical last-mile logistics startup has raised $1.2 million in its latest funding round backed by DayOne Capital Ventures, Foxmont Capital Partners, and Ignite House of Innovation.
Prominent families and angel investors from the Philippines and Thailand have also participated in the funding round that will finance zennya's expansion to major cities in the Philippines, the company said.
zennya launched in 2016 as an on-demand managed ecosystem and marketplace for home wellness and medical services.
The platform offers COVID-19 tests, blood tests, vaccinations, pharmaceutical deliveries, telehealth consultations, corporate health services allowing for on-demand pop-up clinics, and B2B services enabling hospitals and clinic partners to deliver continuity of care.
Through its proprietary in-house technology platform, the company manages direct digital integration with its medical partners to reduce errors and counterfeit medication.
Currently, the startup operates in Metro Manila but will be launching in Cebu next month. Aside from expanding to major cities in the Philippines, zennya said it will also use the funds for talent acquisition, technology, and business development.
"We look forward to expanding this year to provide nationwide coverage while preparing for regional expansion, doubling down on our end-to-end home health service delivery technology platform," zennya founder and CEO David Foote said.
The company said it saw an 84% growth in mobile number activations, 110% growth in the number of patients served, and a 121% growth in the number of repeat customers from Q4 2020 to Q1 2021.
Lab tests and intravenous therapy led to the urge in B2C medical revenues, while wellness products continue to deliver steady revenue from zennya's customer base.
Foxmont Capital Parnters, one of the backers in the funding round, is an early-stage venture capital fund that invests in Philippine startups. Its portfolio companies include Kumu, Kravers Canteen, and Edukasyon.ph.
Source: https://www.dealstreetasia.com/stories/philippines-zennya-funding-242288/