Funding roundup: Thailand’s Manatal nets US$5.1M, Vietnam’s Medici raises pre-Series A

Manatal raises US$5.1M from Sequoia Surge, angels

Thailand-based end-to-end recruitment and onboarding SaaS platform Manatal today announced the closing of its US$5.1 million seed funding round from Sequoia Surge and angel investors.

The startup will use the fresh funds to enhance its product offering and AI recommendation engine in the coming months.

Manatal was founded in January 2019 by Jeremy Fichet (French) and Yassine Bel Mamoun (Moroccan) in Bangkok. It helps recruiters leverage the latest technologies to streamline the entire recruitment flow from the sourcing to the onboarding.

Also Read: Meet the 5 Southeast Asian startups graduating from Sequoia Surge’s sixth cohort

The firm also supports companies in improving internal and external communication,enrichg their recruitment data sets, track KPIs, and provideg AI-powered recommendations. With Manatal, SMEs around the globe can combat challenges around talent recruitment and reach their hiring goals in a more affordable way than offered by the various enterprise recruitment solutions in the market.

Thousands of SMEs, tech companies and startups have joined Manatal. It has now expanded its customer base to 130 countries without a sales team, helping companies hire close to 100,000 candidates.

Medici raises pre-Series A led by Wavemaker, Jungle Ventures

Medici, a one-stop healthcare and insurance platform in Vietnam, has raised an undisclosed amount in pre-Series A round co-led by Wavemaker Partners and Jungle Ventures.

Existing investor Insignia Ventures Partners also co-invested.

The company will use the fresh funds to scale up its insurtech footprint, expand its healthcare offering, and hire across different roles in the organisation.

Founded in 2019, Medici builds a digital-first, holistic healthcare ecosystem enabling affordable access for the Vietnamese masses to best-in-class doctors, healthcare products, and insurance. Its ecosystem includes telemedicine services connecting users to their curated network of in-house and partner doctors, clinics, and hospitals, an online marketplace for supplements powered by partnerships with pharmaceutical companies, and a network of leading companies in Vietnam distributing their services to their employees.

Also Read: Medici gets seed funding to foray into insurance in Vietnam

In 2021, Medici ventured into the insurance space after acquiring an insurance broker license from the Ministry of Finance. This has enabled the firm to offer affordable policies based on the health data from its ecosystem, which has millions of users across more than 30 provinces in Vietnam.

Vu Ba Tuyen, ex-Deputy CEO of Hanwha Life, with more than 20 years of experience in the insurance industry, has been appointed as the Deputy CEO of Medici in charge of Medici’s insurance business.

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