Kylie Verzosa, partner-founded Telehealth Start-Up Gets Funding
Manila-based healthtech platform &youĀ founded by entrepreneur Emil Eriksen and his partner beauty queen-turned-actress Kylie Versoza has secured pre-seed funding from New York-based venture capital firm Everywhere Ventures. The amount was undisclosed.
In a statement sent to Esquire Philippines, the startup said the fresh funding from the strategic group of early investors will be used to scale engineering, expand domestic operations, and to prepare for entry into new verticals in the year.
&you launched its online medical services in April and says it has seen "thousands" of customer sign ups for the service since then. The startupĀ seeks to bring accessible healthcare services such as mobile onboarding, medical intake and prescription straight to the customerās doorstep. It also offers personalized medical treatment plans through consultation with licensed local doctors.
Based on the company's website, services also include weight loss programs, sexual health, and hair loss treatments.
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āWeāre addressing unique regional challenges such as disrupted supply chains, user-unfriendly platforms, and a significant trust deficit,ā Eriksen, who founded the platform, said. āOur goal is to make getting help feel as easy and safe as ordering food.ā
The company also emphasized that it works with Food and Drug Administration-compliant partners and fully-licensed doctors to ensure treatment plans are safe and fully regulated and clinical credibility.
āDespite a dynamic global trade environment, the macro tailwinds behind Southeast Asia and the Philippines in particular are unquestionable,ā said Scott Hartley, co-founder and managing partner of Everywhere Ventures said, commenting on the investment potential present in the country.
āWe believe in rising prosperity, the incredible power of an expanding middle class, and the demand that creates for quality healthcare products.:ā
&you said that 90 percent of people in the Philippines still self-medicate due to a lack of resources, adding that seven in 10 rural patients travel hours just to consult with medical specialists. Patients also often turn to black-market or illegal alternatives if legitimate services stay overpriced and unreliable.
According to Statista Research, the Philippine digital health market is on track to reach $971.80 million this year and to grow to $1.37 billion by 2029.
āFor millions, traditional healthcare is either out of reach, unaffordable, or unreliable,ā &you said. āThatās the gap &you is stepping into--not just with technology, but with a new model built around clinical credibility, licensed care, and patient trust.ā
āHealthcare doesnāt work here the way it should,ā according to Eriksen āWeāre fixing that ā one problem, one product, and one person at a time.ā