Photo: Meddi
Meddi, an innovative Mexican HealthTech startup, has announced the successful closure of a USD $1.7 million Seed funding round. This round was led by the prestigious European fund Medical Device Resources LTD, which specializes in global health technology. It also saw participation from prominent investors such as Grupo CAPEM, Irrazonable (formerly known as Unreasonable México), Enlaces, and angel investors.
Founded in 2018 by Mexican entrepreneurs Pablo Aguirre and Roberto Riestra, Meddi is revolutionizing the healthcare sector in Latin America with its innovative approach and commitment to accessibility and the quality of medical care. With this new capital injection, the Mexican startup aims to accelerate its growth and expand its presence in the region’s healthcare industry.
Pablo Aguirre, one of Meddi’s co-founders, expressed his enthusiasm about the financial support received, stating:
“With the support of our investors, we will strengthen our value proposition based on four pillars: technology, prevention, timely care, and coverage for unforeseen events.”
Meddi’s business model is based on Software as a Service (SaaS), and through its application, the company provides comprehensive health and wellness solutions. Meddi users can access a wide range of services, including coverage and protection against unexpected events through a network of private medical providers and exclusive benefits at pharmacies, clinical laboratories, opticians, and gyms. Meddi has benefited more than 540,000 people in Latin America, significantly improving their access to healthcare and wellness services.
One of Meddi’s most ambitious goals is to become one of the most innovative healthcare platforms globally. Roberto Riestra, Meddi’s co-founder, shared his vision for the company: “We imagine a future where health is a priority, affordable, accessible, and optimal for everyone.”
Additionally, Riestra emphasized the importance of real-time medical research as a fundamental part of Meddi’s mission. “We want to change how healthcare is delivered, and we firmly believe we will achieve it,” he added.
The financial support from this funding round will allow Meddi to accelerate its growth and expand its presence throughout Latin America. Pablo Aguirre underscored the company’s commitment to its customers, partners, and users, thanking them for trusting Meddi’s innovation. Aguirre also revealed the company’s plans to expand its geographical reach in the coming months to bring its services to more regional countries.
With its focus on technology, accessibility, and healthcare quality, Meddi is proving to be a prominent player in the Latin American HealthTech startup landscape and is positioned to make a lasting positive impact on people’s lives throughout the region.
In a broader context regarding HealthTech in Latin America, a recent report by the Inter-American Development Bank (IDB) projects that the digital health sector in Latin America could be worth up to $20 billion by 2024. This data underscores investors’ interest in healthcare startups in the region.
