The Qmed Asia team
Malaysian online doctor consultation startup Qmed Asia has raised RM5.1 (US$1.2) million through an equity crowdfunding (ECF) campaign on Leet Capital.
As many as 110 investors participated in the campaign, including angels, the Malaysia Co-Investment Fund (MyCIF), and 1337 Ventures.
“With this funding, we are well-positioned for regional expansion into markets such as Indonesia and Saudi Arabia while also driving the development of our deep-tech solutions in medical AI,” said Dr Kev Lim, Co-Founder of Qmed Asia.
Also Read: How to inject agility into your fundraising
Qmed Asia (formerly QueueMed) was launched in 2018 by doctors and engineers, including Lim, Dr Tai Tzyy Jiun, and Nic Tai. It started as an appointment booking and mobile live queue system provider for the healthcare industry. During the pandemic, Qmed Asia became the official partner for the operations of 42 COVID-19 vaccination centres, signing partnerships with Nestlé Malaysia and SP Setia Group.
The startup currently serves over 4,000 healthcare providers in both the public and private sectors, with over three million active patients to date.
Qmed Asia recently unveiled two innovative products: Qmed GO, a telehealth kiosk for workplaces offering teleconsultations and remote patient monitoring run by local general practitioners, aimed to reduce employee medical coverage costs.
The second product, Qmed Copilot, is an AI-powered clinical assistant that empowers healthcare professionals to diagnose faster and more accurately. By leveraging technology, Copilot allows doctors and clinicians to identify patterns and trends in patient data, effectively reducing diagnostic errors and ultimately improving patient outcomes.
Also Read: The future of startup fundraising in Singapore
Qmed was the winner of the 1337 Ventures ECF Accelerator.
Launched in 2019, Leet Capital is an innovative and premier equity crowdfunding platform. Ata Plus and pitchIN are the other two leading ECF platforms in Malaysia.
—
Echelon Asia Summit 2023 brings together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here. Echelon also features the TOP100 stage, where startups can pitch to 5000+ delegates, among other benefits like connecting with investors, visibility through the e27 platform, and other prizes. Join TOP100 here.
The post Malaysian healthtech startup Qmed secures US$1.2M to expand into Saudi, Indonesia appeared first on e27.