# MyanCare telemedicine

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/myancare-telemedicine

- Industry: Software
- Headquarters: Rangoon, Myanmar
- Website: www.myancare.org
- Latest round: Series A (Apr 17, 2019)
- Investors on record: 1

## About

MyanCare telemedicine specializes in providing innovative telehealth solutions that enhance patient care and streamline healthcare processes, making medical consultations more accessible and efficient for patients and providers alike.Founded in 2017 and headquartered in Rangoon, Myanmar, MyanCare telemedicine focuses on delivering digital health services. The company has secured funding through 2 deals, with the most recent venture funding round occurring on 13 July 2020, amounting to USD 0.600 mn, led by SPARX Group and including AIN Holdings Inc. and SCALA, Inc. MyanCare was established to address the healthcare needs in the region, but no specific pivots or changes in operations have been documented.MyanCare offers a comprehensive telehealth platform that facilitates virtual consultations, enabling healthcare professionals to connect with patients remotely. The services include health management tools for chronic disease management, empowering patients to monitor their health and communicate effectively with providers. Their client base includes healthcare providers, hospitals, and individual patients, with services marketed in North America and parts of Europe, aligning with the growing demand for digital health solutions.MyanCare generates revenue through a subscription-based model, allowing healthcare providers to access their telehealth platform under multi-year contracts. The pricing structure features tiered subscription plans, providing flexibility for various sizes and needs of organizations. Revenue-sharing agreements may be in place with healthcare institutions for integrated services that improve patient engagement and outcomes, ensuring a steady revenue flow from their core offerings.Following the USD 0.600 mn funding round in July 2020, MyanCare plans to enhance its telehealth offerings and expand into new geographic markets. Specific target markets for expansion are currently not detailed. The investment will be utilized to support product development and strengthen their telehealth platform, aligning with the increasing demand for digital health solutions.

## Funding rounds

- Series A, Apr 17, 2019 — SPARX Group

## Investors

- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A