What is MFine?
MFine is an AI-driven, on-demand healthcare platform that provides users with virtual consultations and connected care programs from leading hospitals. Unlike platforms that aggregate individual doctors, MFine partners directly with trusted healthcare institutions. Through its app, users can consult with doctors via chat or video for prescriptions and routine care, and also access services such as lab test bookings, medicine delivery, and comprehensive health packages. Founded in December 2017, MFine aims to bridge the gap between patients and high-quality healthcare providers 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 SBI Ven Capital, SBI Investment Korea Co., Heritas Capital Management Pte. Ltd., Y'S Investment, BEENEXT, and Alteria Capital
Series C (2021): $48M featuring SBI Group Japan, Beenext, Stellaris Venture Partners, and Moore Strategic Ventures
Key Investors in MFine
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.
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.
Moore Strategic Ventures
Moore Strategic Ventures is an investment firm that focuses on a range of opportunities, often in technology and growth-stage companies. While specific sector focuses can vary, their involvement in funding rounds suggests a strategic interest in companies poised for expansion and market disruption. They are known for their active participation in supporting the growth of their portfolio companies.
What's next for MFine?
With substantial enterprise-level backing, MFine is strategically positioned to enhance its AI capabilities and expand its network of hospital partnerships. Future growth is likely to focus on deepening its connected care offerings and potentially exploring new markets. The company's emphasis on partnering with established hospitals suggests a strategy aimed at building trust and ensuring the quality of care delivered through its platform. Continued investment will likely fuel technological advancements and user acquisition efforts, solidifying MFine's role in the evolving digital health landscape.
See full MFine company page
