Medify Raises $1M in Seed Round
At Medify, our vision to build a platform to optimise Information Management, Data Analytics, Hierarchical Access Monitoring and Patient Retention, has seen us close our first fundraise of $1 Million in our Seed Round.
As we begin our journey into 2023, we at Medify are thrilled to announce the closure of our Seed Round, a raise of $1 million, led by Authum Investment & Infrastructure, a public-listed NBFC, with participation from Financial Intermediaries and Notable Angels.
With healthcare entities from over 20 cities already enlisted on the Platform, Medify plans to utilise the funds from this round to advance the platform’s capabilities and help healthcare providers automate operational processes, while also increasing reach and awareness of the Platform on a PAN-India basis.
In the past year, we have made great strides in realising our vision of using technology to improve access to healthcare. The primary objective for us at this stage is to build a platform that serves the purpose of as many protagonists of the industry as possible, as well as educating them on the benefits and advantages that come with the ideal utilisation of a Platform such as this.
“Despite millions worth of investments in this sector, operators of healthcare enterprises, whether micro, small or large, are still employing obsolete methods to maintain information, security of access and retain their patients. At Medify, our aim is to modernise this entire operation, by providing secure cloud based storage of and access to relevant information and analytics for all Primary Healthcare Providers.”
– Kairav Shah, Founder & CEO of Medify.
“In the post pandemic era where digital health practices have become the norm, Medify is developing an essential component of the ecosystem that has lacked reinvention over the years. With the focus shifting towards the large E-Health businesses over the last 36 months, Medify’s vision to empower retail enterprises of all sizes with the technology infrastructure that would enable better rendering of services and business outcomes, is one that is truly compelling.”
– Sudeepto Deb, an Advisor to Medify since 2021 and Investor as a part of the Seed Round.
The trust and belief of all Investors, Clients and members of the organisation in Medify’s vision is our driving force to continue to strive to newer and greater heights. The entire Medify Team is excited to explore what the future holds and look forward to increasing our positive impact in the world of healthcare, achieving our goals and more in the years to come.
Team Medify wishes you a very Happy New Year!
