A Singapore-based startup mClinica has raised $6.3 million in Series A investment round led by Unitus Impact. According to the company, the funds will be used to grow its network, expand to new markets, ramp up product development, and increase manpower.
The funding round also saw investment from Global Innovation Fund, MDI Ventures, and Endeavor Catalyst. Existing investors 500 Startups, IMJ Investment Partners, and Kickstart Ventures also participated in the round.
Founded in 2014, the health-tech startup claims to have a presence in six markets in Southeast Asia, including Singapore, Indonesia, Philippines, Malaysia, Thailand, and Vietnam.
“We are solving the issue of access to pharmacies, patients and data at the last mile of the pharmaceutical supply chain,” said Farouk Meralli, Founder and CEO, mClinica.
The company provides a platform for drug companies to connect with distributors, pharmacies, and patients. It collects comprehensive data to allow deployment of programs with an aim to unify the ecosystem to improve patients’ health outcomes and access to affordable medicine.