With US $700,000 Pre-seed Round, Mexican Startup Midoconline Plans to Expand

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.

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.

This article was originally Published in Contxto >

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