Singapore’s Monk’s Hill Ventures has led a $5-million Series A round for Ho Chi Minh City-based healthcare services provider Jio Health, according to an official release.
Jio Health’s services include doctor visits, nursing services, pharmacy delivery, lab collection, telemedicine, and digital medical records. The startup plans to use the fresh funding to expand its spectrum of care services and boost its care provider team and clinical operations.
The company, which was founded in 2014 by University of California, Irvine (UCI) alum Raghu Rai and UCI trustee and serial entrepreneur Ken Rohl, is looking to scale its care provider team and clinical operations across Vietnam.
“Jio Health is in the business of delivering trusted healthcare. We are deeply humbled by the scale and impact of the challenge, and are excited to be working with Raghu and the Jio team to address this opportunity,” said Kuo-Yi Lim, Managing Partner at Monk’s Hill Ventures.
Lim will be joining the board of Jio Health as part of the investment.
Founded in 2014, Monk’s Hill Ventures invests in high-growth, early-stage Southeast Asian consumer and enterprise tech startups with the potential to transform millions of lives.
Recently, the venture capital firm also participated in a $7-million Series A round for Vietnamese-founded AI-based English learning app ELSA. The funding round was led by Google’s AI-focused venture fund Gradient Ventures.