Thailand’s Medical Departures raises $2.5m

According to a statement, the capital will be used to expand the range of clinics and procedures the company offers in regions including Southeast Asia. Other participants in the round included Hubert Burda Media, CyberAgent Ventures and OPT SEA.

"DMP's investment into Medical Departures is in line with our wider focus on digital companies serving multiple emerging markets that have a natural advantage against global competition," Mark Suckling, principal at DMP, told AVCJ. "In this case, Medical Departures has developed a deep understanding of how to arbitrage healthcare assets between emerging and mature markets; to that end, it has built a strong layer of customer trust, localization, and support that is hard and costly to replicate."

Medical Departures targets customers willing to travel for medical treatment by facilitating the booking of appointments through online price comparisons, patient reviews, videos and certification information. The company said the increased affordability of global travel has prompted more patients to economize medical expenses by seeking treatment outside their home countries. It has valued the global medical care market at $55 billion with an annual growth rate of 15%.

DMP launched its first fund in 2011 targeting Southeast Asian companies with a focus on the development of the consumer internet and its supporting infrastructure. The firm, which was recently rebranded from Digital Media Partners, typically makes investments in a range between $500,000 and $1.5 million.

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• Topics
• Southeast Asia
• Healthcare
• Expansion
• Venture
• Early-stage
• Thailand
• TMT