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Contxto – Healthtechs and remote care platforms are investors’ darlings as of late.
Portuguese Indico Capital Partners led a seed investment for €2.6 million (around US$3 million) in São Paulo-based healthtech, Zenklub. European funds 200M and All Iron Ventures contributed alongside Brazilian angels from healthcare and insurance industries.
Zenklub shall divide the funds among the two countries where it operates. The overall goal will be to improve its marketplace platform of therapists through updates and new features.
This is the second time Indico contributes to the startup. Last year, it procured over US$500,000 for Zenklub to expand its product and engineering teams in Portugal. No doubt the investor played a crucial role in drawing other European inventors into the deal.
Zenklub covering all fronts with investment
The startup works as a B2C (business-to-consumer) and B2B (business-to-business). Correspondingly, the fresh funds will help Zenklub enhance its marketplace for users from both models.
By providing services to companies, the healthtech has experienced a monthly 30 percent growth rate. So as to keep these customers happy and draw in new ones, Zenklub wants to add a platform for HR managers. Other end-users—therapists and patients—can also expect improvements in data security.
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With these objectives in mind, the investment will be divided among the healthtech’s offices in São Paulo and Lisbon.
“In Brazil, we’ll focus on expanding the company’s corporate segment so as to establish emotional health as a benefit for customers and employees,” announced Zenklub. “In Portugal, the company will focus on investing in the final consumer and expand the tech team.”
Primetime for healthtechs in Brazil
Self-isolation has led to a rise in mental health issues. Simultaneously, it’s also created the right scenario for remote healthcare platforms to gain attention, users, and investments. Brazil perfectly illustrates this:
- Vittude raised US$1 million in November 2019
- VivaBem raised US$2.5 million in March 2020
- Psicologia Viva raised US$1 million in May 2020
Many of these deals were closed even before the pandemic gained force. So now, investors are likely all the more satisfied with where they’ve placed their money.
Related articles: Tech and startups from Brazil!