Filipino Femtech Kindred Raises P55.2 Million in Seed Funding Just One Year Since Launch
Philippine-based hybrid femtech startup Kindred has just raised $1 million (approximately P55.2 million) from its seed round, bringing the brand’s total valuation to $6 million (approximately P331 million) just one year since its founding. The startup’s investors so far include KSR Ventures through Katrina Razon, Ava Zobel Pessina, Tenco Capital Holdings, Pawikan Capital Group through Gabby Ayala, Gabbi Tiangco, Frans and Micaela Beltran, Pulse63 Healthcare Ventures, and Kaya Founders.
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Created by co-founders Jessica de Mesa and medtech entrepreneur Abetina Valenzuela, Kindred is the first hybrid, online-offline (O2O) women’s health clinic. The startup aims to address pain points in women’s healthcare in the Philippines by providing patients with online and offline access to doctors, healthcare services, and more.
“Kindred is poised to redefine healthcare accessibility according to a woman’s needs. It is our strong belief that we are ushering in a new era of women’s healthcare through an omnichannel approach,” said Jessica de Mesa, co-founder and CEO of Kindred. “Our goal is to reshape the landscape of women’s healthcare by empowering patients, connecting them with the right specialists, and providing personalized care plans in order to foster a more compassionate and efficient system.”
After the launch of Kindred’s offline clinic in BGC in late 2022, the femtech company marks its first anniversary with the launch of Kindred App, which will connect patients directly to Philippine healthcare professionals without the need for third-party apps. Patients can talk to their doctors in real-time chat conversations and connect with specialists according to their healthcare needs. The Kindred App will also streamline the healthcare process by eliminating long lines, centralizing medical records, and scheduling appointments.
At Kindred’s first year anniversary event, De Mesa also announced that the startup plans to build its second offline clinic in Quezon City with satellites set to appear in other areas in Metro Manila. Since the BGC clinic opened, Kindred has treated 8,000 patients and collaborated with 20 corporate partners through Kindred Employer Solutions.
