Private Equity Fund Investments
Moore Strategic Ventures joins Series C round of healthtech startup Mfine
Moore Strategic Ventures has joined the Series C funding round of Bangalore-based digital health startup Mfine. The round size, co-led by Moore and existing investor Beenext, has now expanded to USD 48 million (about INR 356.1 crore). The round also saw participation from other existing investors including Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y'S Investment Pte Ltd and Alteria Capital. The funding will help MFine invest in expanding its hospital, diagnostics and e-pharmacy network across the country and for building care delivery products for both acute and chronic conditions patients. To date, MFine has raised about USD 75 million in equity and debt.
From the Venture Intelligence PE-VC Deal Database: Between Sep-17 and Sep-21, Mfine had raised more than INR 654 crore from Heritas Capital, 57 Stars, Beenext, Stellaris Venture Partners, SBI Ven Capital and Prime Venture Partners.
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