STARTUP FOCUS: Telemedicine app Dr. Now attracts $8.37 mn in series A funding

Dr. Now, a South Korean telemedicine service platform, has attracted 10 billion won ($8.37 million) in a recent series A round. The company said on Wednesday it recently completed the initial financing process and will use the proceeds to increase its user base in Korea to help promote the potential of the non-face-to-face healthcare services.

The investment was joined by Softbank Ventures, Saehan Venture Capital, Hashed and Crit Ventures.

Dr. Now is a Korean telemedicine platform with cumulative 300,000 app uses and 270,000 downloads. It is the first company that launched non-face-to-face healthcare consulting between physician and patient and a prescription drug delivery service in Korea.

Based on the latest investment, Dr. Now plans to strengthen its service and increase industry awareness, while focusing on business expansion and system advancement.

Dr. Now will be more aggressive in attracting users and expanding its base for digital medical services, the company’s chief executive Jang Ji-ho said.

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