With US$700,000 pre-seed round, Mexican startup Midoconline plans to expand

(Photo: National Cancer Institute on Unsplash)

The telehealth company closed a round led by Angel Ventures, a Mexican venture capital firm dedicated to early-stage investments. The Chinese-American fund SOSV and angel investors John Farrell (former Google Mexico) and Sebastian Siebert (Medicruiter) also participated.

CEO and co-founder of Midoconline, Fernando Carvajal Pla, praised Angel Ventures. “It is one of the funds with the longest history in Mexico, the growth of [fintech companies] Clip or Kueski is an example of the great vision they have,” he said in a statement.

Los ejecutivos de Midoconline Pedro Aspe Bernal (CCO),
Luis Gomez (CO-CCO) y
Fernando Carvajal Pla (CEO & Co-Fundador).

" data-medium-file="https://i0.wp.com/contxto.com/wp-content/uploads/2022/04/FundadoresMidoconline.png?fit=300%2C225&ssl=1" data-large-file="https://i0.wp.com/contxto.com/wp-content/uploads/2022/04/FundadoresMidoconline.png?fit=1024%2C766&ssl=1" decoding="async" >
Midoconline’s executives Pedro Aspe Bernal (CCO), Luis Gomez (Co-CCO), and Fernando Carvajal Pla (CEO & Co-Fundador). (Photo: Midoconline).

Midoconline offers individuals and companies online medical consultations and other related services under a monthly subscription modality. It was founded in 2016, and —according to company data— they have grown at a rate of more than 1000% in the last two years, currently reaching 300,000 clients.

They will use the new capital to reach the US, grow in LatAm, and develop more services.

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