CyberAgent Ventures pours capital into local health service ViCare

However, the contacted representative of ViCare did not disclose the capital supplied by the two funds.

According to Nguyen Manh Dung, chief representative cum investment director of CyberAgent Ventures in Vietnam and Thailand, the Vietnamese healthcare sector has great potential to develop because hospitals and healthcare facilities have been operating at full capacity due to a lack of infrastructure and doctors. Thus, we are looking for start-ups that have solutions to deal with over-crowded waiting rooms, and ViCare shows great promise.

Starting operation in January 2016, ViCare is a website specialising in supplying information about healthcare facilities, spas, and test facilities across the country, giving advice on healthcare services and answering questions.

After six months of operation, ViCare currently has data on over 19,000 health facilities and 20,000 doctors throughout the country. These figures have been increasing.

ViCare’s website receives 200,000 visitors, with 3,000 leaving comments and 6,000 questions per months.

CyberAgent Ventures is a venture capital firm headquartered in Tokyo. The company specialises in internet businesses and providing support for start-up companies that could have a substantial impact on the world. The firm is present in South Korea, China, Indonesia, Taiwan, Thailand, and Vietnam.

In April, Vietnam-based e-learning platform Kyna.vn raised a disclosed seven-digit seed funding from CyberAgent Ventures. The capital came from CyberAgent Ventures’ second fund reserved for Southeast Asian partners, valued at $50 million.

Pix Vine Capital (PixVC) is a Singapore-based investment house providing early-stage venture capital for start-ups aspiring to commercialise innovative solutions in the areas of Info-Tech, Med-Tech, and Fin-Tech.

PixVC has invested in 40 plus promising, high technology ventures across Israel, Singapore, China, India, Malaysia, Vietnam, Myanmar, and Thailand.