mClinica raises $6.3m to transform global health data
Wednesday, February 15, 2017
Singapore-based mClinica today announced it bagged US$6.3 million in series A funding to expand its operations globally.
The round is one of the largest financings for a health tech startup in Southeast Asia, according to Tech in Asia data. It was led by Silicon Valley-based Unitus Impact and joined by London-headquartered Global Innovation Fund, MDI Ventures of Indonesia, and US-based Endeavor Catalyst. Existing investors 500 Startups, IMJ Investment Partners, and Kickstart Ventures also put in some cash.
mClinica’s mobile technology connects drug companies, their distributors, pharmacies, and patients on a common platform. By unifying them, the company’s network collects comprehensive data that allows for the deployment of programs to improve patients’ health outcomes and access to affordable medicine. The company was founded by Farouk Meralli, a Harvard graduate with years of experience working for multinationals Roche, Johnson & Johnson, and Pfizer under his belt. (Read more on how mClinica works and its early days.)
With a footprint in the Philippines, Vietnam, and Indonesia, the company has most of the world’s largest pharmaceutical companies, more than 5,000 pharmacies, 70 million patients, and billions of data points in its network.
- Health Care