What is MFine?
MFine operates as an AI-driven, on-demand healthcare platform, connecting users with virtual consultations and connected care programs from leading hospitals. Unlike platforms aggregating individual doctors, MFine partners directly with trusted healthcare institutions. Through its app, users can access chat or video consultations with doctors from their preferred hospitals for prescriptions and routine care. The platform also facilitates booking lab tests, medicine delivery, and offers comprehensive health packages. Founded in December 2017, MFine aims to revolutionize healthcare accessibility through technology.
How much funding has MFine raised?
MFine has raised a total of $73.5M across 4 funding rounds:
Series A
$4.2M
Series B
$5.3M
Other Financing Round
$16M
Series C
$48M
Series A (2018): $4.2M, investors not publicly disclosed
Series B (2020): $5.3M led by Caretech Pte
Other Financing Round (2021): $16M supported by BEENEXT, Alteria Capital, SBI Investment Korea Co., Y'S Investment, SBI Ven Capital, and Heritas Capital Management Pte. Ltd.
Series C (2021): $48M featuring SBI Group Japan, Stellaris Venture Partners, Moore Strategic Ventures, and Beenext
Key Investors in MFine
Stellaris Venture Partners
Stellaris Venture Partners is an early-stage, technology-focused investment firm that is sector-agnostic. They are committed to supporting founders in building resilient businesses from the ideation stage to revenue milestones. The firm invests in various themes including fintech, consumer tech, AI, and sustainability, with a strong emphasis on collaboration and hands-on support for their portfolio companies. Their approach is characterized by a deep engagement with founders, fostering a balanced relationship that extends beyond financial investment.
Beenext
BEENEXT is a founder-first venture capital firm that supports bold ideas from innovative entrepreneurs across various sectors. With a global community of passionate founders and investors, they emphasize collaboration, networking, and the sharing of knowledge. Their portfolio includes diverse startups focused on fintech, sustainability, mobility, and enterprise SaaS, among others. The firm aims to create a long-lasting impact by fostering an environment of openness and innovation.
SBI Ven Capital
SBI Ven Capital is a prominent private equity and private credit firm that focuses on investments in the financial services and technology sectors across Asia. The company is part of the SBI Group, which has been a pioneer in internet-based financial services since its establishment in 1999. SBI Ven Capital aims to provide accessible finance solutions, particularly targeting under-banked populations. Their portfolio includes a diverse range of industries, including fintech, agritech, and health tech.
What's next for MFine?
The recent major strategic investment signals a pivotal phase for MFine, likely indicating a move towards scaling operations and further developing its AI capabilities. This capital injection will probably be directed towards expanding its network of hospital partners, enhancing its technological infrastructure, and potentially exploring new market segments. The company's focus on integrated care programs suggests a strategy to deepen user engagement and provide end-to-end health management solutions, positioning it for sustained growth in the competitive digital health landscape.
See full MFine company page
