Femtech firm Kindred Health raised $5.5 M Pre-series A funding from Integra Partners
A pre-Series A funding round of $5.5 million was successfully completed by Kindred Health Inc., a female technology (femtech) company based in the Philippines.
In a Monday statement, the company stated that the first tranche of funding, $2.5 million, is being raised.
In the second tranche, it has also obtained commitments for an additional $3 million upon the achievement of significant benchmarks.
With this, the round has raised a total of $5.5 million, indicating strong investor confidence in Kindred’s potential and vision, the statement said.
Integra Partners led this funding round, according to the statement, and notable investors like Dr. Frans Beltran and Micaela Beltran, as well as Kaya Founders, KSR Ventures, Ava Zobel Pessina, Pawikan Capital Group, and Tenco Capital also participated.
Pulse63 Healthcare Ventures, a venture builder with a focus on healthcare, is steadfast in its support of Kindred’s mission and continues to play a critical role in directing the company’s growth and strategic direction.
The primary strategic goals for this most recent funding are geographic expansion, technological investments, the creation of new services, and enhancements to already existing ones.
In order to give women throughout the Philippines better access to high-quality healthcare services, the company also intends to open ten more clinics by the end of the year, with a focus on underprivileged areas.
In order to give its users a more seamless online-to-offline (O2O) experience, it also plans to further enhance its digital platforms.
It intends to expand on current offerings and introduce new ones that are specifically designed to address important women’s health concerns, such as menopause, infertility, and infectious diseases.
Personalized and comprehensive care solutions that enable women to make educated decisions about their health and well-being will be provided by these new services, which are intended to assist women in navigating and understanding their options.
According to the statement, Kindred’s commitment to leading the way for femtech innovation in the Philippines is demonstrated by these strategic initiatives.
