Zennya Secures P57.7 Million Investment
Philippine health-tech startup Zennya has secured a $1.2 million (P57.7 million) investment from its latest funding round led by Foxmont Capital Partners, DayOne Capital Ventures, and Ignite House of Innovation. Angel investors and prominent families from the Philippines and Thailand also took part in this round.
Zennya is the latest Filipino startup to bag such a sizable investment. Launched in 2016, the company began as a massage and wellness provider but has since evolved to offer hospital-quality medical services to patients at home via mobile technology.
A year into the COVID-19 pandemic, Zennya has met the needs and demands of the times, proving its profitability to investors. The mobile healthcare and medical last-mile logistics app has achieved over 100 percent year over year growth from 2020, as well as doubled month over month revenue in Q1 2021. Since its inception, it has completed over 500,000 services to date.
"We are excited to have the backing of Foxmont, DayOne, and Ignite House as well as a fantastic group of strategics and angel investors, in our continuing journey to transform the healthcare patient journey," said David Foote, founder and CEO of Zennya. "We look forward to expanding this year to provide nationwide coverage while preparing for regional expansion, doubling down on our end-to-end home health service delivery technology platform.”
The notable investment from this round will be used toward growing Zennya's reach to all major cities in the Philippines, including Cebu this June, and expanding its talent acquisition, technology, business development, and partnerships with leading hospitals, diagnostic centers, and insurance providers.
"As the Philippines' needs rapidly evolve in this new normal, we believe Zennya's commitment to quality and technical excellence will set the standard for delivering healthcare and wellness to people's homes for many years to come," added Franco Varona, managing partner of Foxmont.
Meanwhile, Ignite CEO Andre Yap praised Zennya's CEO for proving that he can build "the holy trinity of tech, logistics, and user experience, and couple it with admirable resilience and grit."
What Is Zennya?
The advanced health app offers end-to-end, clinical-grade services through what it calls its "one-touch healthcare super grid," which is a wide network of doctors, nurses, therapists, motorcycle drivers, cars, ambulances and more.
The home healthcare service has grown into a virtual hospital ecosystem that now delivers consumers services like COVID-19 tests, blood tests, vaccinations, deliveries, telehealth consultations, and more.
According to Zennya, it's the startup's full stack technology platform that sets it apart from other super health apps across Southeast Asia. With Zennya's tech, it's able to fully integrate online healthcare training, medical records, cold-chain logistics, mobile diagnostics, and more.
COVID-19 changed the face of healthcare, and Zennya joins the ranks of other healthcarer apps innovating to keep up with patient demands.
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