Vietnam’s health-tech startup eDoctor raises funding from Japanese, S Korean VCs

Vietnamese health-tech startup eDoctor has raised a new round of funding from Japan’s CyberAgent Capital and Genesia Ventures, and South Korea’s early-stage venture capital firms Bon Angels and Nextrans.

Financial details of the investment were not disclosed but the startup said it has now raised more than $1 million to date.

eDoctor had previously bagged $500,000 in funding on the Shark Tank TV show from CyberAgent Capital, which was represented on the show by its country head Dzung Nguyen.

“We will use the investment to further enhance our remote healthcare consultancy and the capacity in connecting offline services to the users,” said Huynh Phuoc Tho, co-founder of eDoctor.

The eDoctor platform allows users to send requests to doctors, and book health checkups and test services that can be conducted at their homes.

The startup claims to have connected users with more than 500 nurses and over 400 doctors as well as 80 hospitals and clinics across the country. It boasts nearly 100,000 transactions by individual and corporate users.

eDoctor has also built a website enabling users to access real-time data about COVID-19.

“Telemedicine, home healthcare and preventive healthcare are the service modules that eDoctor will complete in the near future,” the company said in a statement.

“Online healthcare service has become an attractive market in other countries but has only scratched the surface in Vietnam,” said Dzung Nguyen, the Vietnam head for CyberAgent Capital.

He said online healthcare services in Vietnam will grow fast, much like e-commerce years ago. “E-commerce was also new in the 2011-13 period. A number of businesses chose to enter the market then and have now become major players.”

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.