Ubie receives an additional $19 million in Series C funding
Japanese health tech startup Ubie has raised an additional $19 million in an extended Series C funding round.
The round was joined by Sogo Medical Co., AAIC Investment, Japan Impact Investment II Limited Partnership, Rakuten Capital, Shoko Chukin Bank, Japan Finance Corporation and Mizuho Bank.
This adds to the $26 million raised in its first Series C round in August, which now totals $45 million. To date, the company has received $76 million in funding.
WHAT’S THE POINT
According to a press release, its new funds will be used to accelerate its growth and presence in the United States.
THE GREAT TREND
In April, Ubie announced its expansion into the US market with its AI Symptom Checker App. It comes with custom AI algorithms that consider local disease trends and other regional characteristics.
After its first Series C funding round, the company used the proceeds to set up a local subsidiary in New York in October. It became its second overseas location after Singapore.
Meanwhile, the company recently appointed Ryusuke Shigetomi, chairman and representative director of Blackstone Group Japan, to its board as an outside director.
