Healthtech startup TrueDoc has announced its merger with healthcare app AiHealth, while Phuc Sinh Corp has secured a $25-million loan facility from the Netherlands-based &Green Fund.
TrueDoc raises funding from TNB Aura
TrueDoc has announced its merger with healthcare app AiHealth while it has also raised a pre-seed funding round from TNB Aura.
TNB Aura invested through Scout Initiative, its early-stage investment programme in Southeast Asia. This initiative allows TNB Aura to engage with emerging companies at an earlier stage than its typical Series A investments.
Founded in 2019, TrueDoc offers remote consultations, home-based healthcare, corporate health screenings, and international patient transfers. The company said it has a healthcare distribution network comprising 1,000 doctors and over 300 hospitals and clinics.
TrueDoc added that the funding from TNB Aura will be directed towards optimising its technology platform, expanding service offerings, and broadening its operational network to increase user engagement.
“We recognise the potential in Vietnam’s digital healthcare ecosystem, which remains largely underserved. Although several companies have attempted to accelerate their development with various business models, there is still a pressing need for players like TrueDoc to strengthen the telehealth infrastructure in Vietnam,” said Joe Zhang, a partner at TNB Aura.
Phuc Sinh bags loan from &Green Fund
Phuc Sinh Corp., a Vietnamese producer of coffee and pepper, will receive a loan of up to $25 million from the Netherlands-based &Green Fund managed by SAIL Investments.
The company, located in Ho Chi Minh City and also an exporter of chillies, cashew nuts, cassia, and other products, is the first Vietnamese firm to obtain direct support from this environmentally-focused foundation. The funds will be used to ensure deforestation-free coffee supply chains, the company added.
“We are committed not only to improving product quality but also to ensuring that Phuc Sinh’s production process contributes to environmental protection and community support,” the company stated.
Established in 2017, SAIL’s &Green Fund invests in agricultural enterprises that meet ESG standards to promote green economic development, protect the environment, and mitigate climate change, according to its website. Vietnam is one of the 10 regions in which the fund is investing.
