500 Startups Vietnam hosted on Friday its Demo Day to introduce its nine new startups to investors, while Bengaluru-based insurtech and healthtech startup Clinikk has raised an undisclosed sum in pre-series A round.
500 Startups Vietnam hosts Demo Day
500 Startups, one of the most active venture capital investors in Vietnam, hosted on Friday its Demo Day to showcase the nine startups in its portfolio to over 100 investors.
Most of the nine startups have graduated from the three-month Saola Accelerator programme, where 500 Startups Vietnam invested up to $150,000 in each participating company.
The startups include Bizzi, an intelligent accounts payable automation; CoolMate, a digital wardrobe for men; Cricket One, a classic protein for the modern world; PI.EXCHANGE, a virtual data scientist for enterprises; ProSpark, a learning platform for upskilling and reskilling the workforce in Southeast Asia.
In addition, there were Staple — AI data capture layer for finance, banking, and healthcare; TradingFoe — B2B marketplace for Nordics and Southeast Asia trading; Tribee — employee experience app; Staple — AI data capture layer for finance, banking, and healthcare; and Voiz — audiobook and podcast.
The VC investment firm also introduced in the event its newly-minted edtech unicorn, ApplyBoard. The platform aims to help international students access quality higher education in the US, the UK, and Canada.
500 Startups Vietnam has made 15 new investments in 2020, increasing its portfolio to more than 70 companies.
India’s Clinikk raises pre-Series A round
Bengaluru-based insurtech and healthtech startup Clinikk raised an undisclosed sum in a pre-series A round led by fintech venture capital firm EMVC, according to an announcement.
The funding round was joined by Times Internet Group, 500 Startups’ Southeast Asia-focused 500 Durians fund, WEH Ventures, First Principles VC, and prominent angel investors including Anjali Joshi, former Product VP at Google.
Established in 2016, Clinikk is transforming healthcare for Middle India by coupling primary care and comprehensive health insurance into one affordable subscription for the 600-million uninsured in the country.
The company claims that it is growing subscribers by 40 per cent QoQ, delivering positive primary healthcare outcomes and maintaining one of the strongest health insurance portfolios in India.
“The financial and health benefits of insurance have yet to reach mass adoption in India. For that to happen, entire systems need to be reimagined from the ground up, and that is exactly what Clinikk is doing through its innovations in pricing, delivery, payments, and digital distribution,” said Melissa Frakman, Founder of EMVC.
EMVC is a cross-border venture capital firm that invests in transformative fintech and insurtech in high-growth emerging markets with a strong India focus.
Launched in 2018, the next-generation firm continues to build a consortium of the largest and most influential financial services companies and fintech investors in the US and across the world.