(L-R) Care Concierge CEO Martin Yap, Gobi Co-Founder Thomas Tsao, and Care Concierge COO Justin Yap
Malaysia’s Gobi Dana Impak Ventures (GDIV), a fund recently launched by pan-Asian VC firm Gobi Partners, has announced an investment in Care Concierge.
Care Concierge will use the funding to create innovative and digital solutions in senior living care.
Care Concierge was founded in 2017 by CEO Martin Yap and COO Justin Yap. The startup helps families navigate the complexities of finding the right senior care solution for their loved ones across its various home care, residence care, day care, and shop care services.
Care Concierge is one of six winners of the Khazanah Impact and Innovation Challenge 2021, with the prize being a grant worth US$66,000.
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GDIV is a part of the Future Malaysia Programme, an initiative announced early this month under the Malaysian sovereign wealth fund Khazanah’s Dana Impak. Dana Impak aims to support the local startup ecosystem of entrepreneurs, startups, VC, and corporate venture programmes through collaborations with domestic and international partners, such as Gobi Partners.
The investment into Care Concierge fits the fundamental objective of Dana Impak, which is to invest in catalytic sectors to increase Malaysia’s economic competitiveness and build national resilience.
According to a report by the UN, Malaysia is expected to become an ageing society by 2030, with more than 15 per cent of the population aged 60 years and above. One of the key challenges associated with ageing is providing healthcare services to the elderly as they are more susceptible to chronic diseases and disabilities, which require specialised medical care.
Gobi Partners is a pan-Asian VC firm with US$1.5 billion in assets under management. Headquartered in Kuala Lumpur and Hong Kong, Gobi has raised 15 funds to date, invested in over 350 startups and nurtured ten unicorns.
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