# Byon8 Corporation A.B.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/byon8-corporation-a-b

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.byon8.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Aug 9, 2021)
- Investors on record: 3

## About

Byon8 Corporation A.B., based in Stockholm, Sweden, specializes in providing licensed virtual medical services that enhance healthcare accessibility through online consultations and tailored health solutions for both individuals and corporate clients.Founded in 2017, Byon8 Corporation A.B. operates in the healthcare sector, offering virtual medical consultations and services. The company has not undergone any notable pivots or structural changes. Under the leadership of CEO Josef Murad, Byon8 has successfully raised USD 1.5 mn in Seed funding in August 2021, led by People Ventures, with participation from Jellyfish and T&W Holding. The company has completed a total of 2 deals to date, with its headquarters located in Stockholm, Sweden.Byon8 offers licensed virtual medical services, primarily focusing on providing online consultations and healthcare solutions to individuals and corporate clients. The core product is the BYON8 Medical Package, which includes symptom assessment and access to licensed medical professionals via a user-friendly app. The platform enhances healthcare accessibility by allowing users to consult with doctors remotely, addressing challenges like long wait times and geographical barriers. Byon8's services cater to a diverse clientele, including individual users seeking convenient healthcare options and businesses implementing medical solutions for employees, primarily operating under the regulations of the Kenya Medical Practitioners and Dentist Council.In 2022, Byon8 generated revenue of USD 2,634.70 mn, with an EBITDA of USD -542,518.40. The company’s revenue is primarily derived from a subscription-based model and partnerships with businesses seeking to provide healthcare solutions for their employees. Clients engage with the platform through straightforward transactions, subscribing to access medical consultations and additional health services, which include tiered pricing plans to accommodate individual consumers and corporate clients. The app has received positive feedback with a rating of 4.5/5 based on over 2,400 reviews, indicating its acceptance in the market.Byon8 Corporation A.B. plans to utilize the recent Seed funding of USD 1.5 mn to accelerate its growth in emerging markets, beginning with Kenya. The company is focusing on expanding its product offerings and aims to introduce new healthcare solutions that enhance user experience. This funding will support the company’s initiatives to target specific markets for expansion, with a strategic emphasis on establishing a stronger presence in Kenya and potentially other regions in the future.

## Funding rounds

- Seed, Aug 9, 2021, $1.5M — Jellyfish, T&W Holding, People Ventures

## Investors

- Jellyfish — Seed
- T&W Holding — Seed
- People Ventures (https://capitalatlas.ai/funds/people-ventures) — Seed