Chilean health marketplace Examedi raises $2.7M to grow internationally

Examedi, a healthcare marketplace, announced a $2.7M seed round backed by 8VC, Quiet capital, and Goodwater Capital.

Ian Lee, who serves as Examedi’s CEO and is one of its co-founders, explains that what they are building “is a health super app.” The company wants to offer any type of medical service that can be performed at home –from blood tests to telemedicine and prescription deliveries.

Currently, it focuses on blood and Covid tests in Chile and serves almost 400 patients.

The Uber for medical lab work

The company was founded by Lee, Juan Pablo Zepeda, and Andres Kemeny. The young Chilean entrepreneurs are aged between 20 and 26 years old and dropped out of school to launch the company in 2021. They joined Y Combinator’s acceleration program last June.

As a healthcare marketplace, Examedi connects independent medical personnel (nurses, lab technicians) to patients that need their tests to be taken at home. It currently offers up to a 70% lower cost than hospitals and clinics by sending the tests directly to the labs.

“We get a fee from the labs and eliminate hospitals and clinics as intermediaries,” Lee explains. The medical personnel performing the tests, who work as third-party contractors for Examedi, receive payment for their work.

Mexico, Examedi’s first international operation

After adding other cities in Chile, Examedi expects to enter the Mexican market by the end of the year.

“In terms of market potential, Mexico is one of the most important in the region,” Lee explains. “The Mexican audience tends to be an early adopter of new business models that come from Chile,” he said, referencing the growth path chosen by Cornershop, another Chilean startup.

Examedi expects to be processing 5,000 monthly patients in 12 months, both in Chile and Mexico. The time frame also includes a plan to launch a prescription delivery service in Mexico.