Kindred raises $5.5 million in pre-Series A funding round
Femtech company Kindred Health Inc. announced on July 15 that it has raised $2.5 million in the first tranche of its pre-Series A funding round. It has also secured commitments for an additional $3 million in the second tranche upon completion of key milestones.
This funding round was led by Integra Partners, with participation from investors including Kaya Founders, KSR Ventures, Ava Zobel Pessina, Pawikan Capital Group, Tenco Capital, and individuals such as Frans Beltran and Micaela Beltran. Pulse63 Healthcare Ventures, a venture builder with a focus on healthcare, continues to guide the company’s strategic direction and growth.
The latest funding has been earmarked for geographical expansion, technology investments, and new services.
“At Integra, we believe that women’s health is a huge market opportunity in Southeast Asia and globally, especially as the healthcare industry starts to gain a deeper understanding of how women manifest different symptoms and respond to treatments differently across a range of diseases and conditions,” said Jennifer Ho, a partner at Integra Partners, in a July 15 press release.
“This will enable us to scale our services, improve our technology, and increase our capacity to better serve our clients, paving the way for future generations of women in the Philippines,” said Jessica de Mesa-Lim, co-founder and CEO of Kindred, in the same press statement.
The milestones in relation to the second tranche are “rooted in clinic-specific metrics and customer satisfaction goals,” added Carlo C. Flordeliza, Kindred’s chief marketing officer, in a July 15 email. “The key milestones are customer-centric.”
Kindred was launched in 2021 as a virtual clinic, before opening a physical clinic in Taguig City, Metro Manila, in 2023. It offers consultations on mental health, contraceptives, health screenings, immunizations, intravenous therapy, nutrition and fitness coaching, and other wellness services.
The femtech company plans to build 10 additional clinics by the year’s end. It also plans to provide a better online-to-offline experience for its users and launch new offerings tailored to issues related to – among others – infectious diseases, infertility, and menopause. – Patricia B. Mirasol