AICoin makes first start-up investment in global health care
SINGAPORE: AICoin, a tokenised group that uses profits from cryptocurrency trading to take equity stakes in early-stage AI companies, has just completed its first investment in Sevamob Ventures USA Inc. AICoin, through Tessier-Ashpool PTE Ltd. is the lead investor in this $2,000,000 funding round and will acquire a board seat at Sevamob. Other participants in the round include Sorenson Impact Foundation, Impact Assets, and US-based HNIs.
About Sevamob
Sevamob, a provider of artificial intelligence-enabled healthcare platform to organizations, and part of Duke University’s Innovations in Healthcare program, is one of the new breed of companies that uses technologies like artificial intelligence and telemedicine in asset light popup clinics to deliver superior primary healthcare to underserved populations at up to 50% lower cost. Sevamob makes revenue by charging for service delivery and software licensing. Sevamob is currently running 163 full and part-time units in India, Southern Africa, and Georgia USA. The majority of these units are sustainable. More than 86 organizations are paying for their software and services.
Sevamob’s Model
In Sevamob’s B2B model, its customers include schools, employers, NGOs, corporate CSR, hospitals/clinics, pharma, and local govt. These customers like Fullerton and Indian Oil, partner with Sevamob to provide care to employees, communities or other beneficiaries. Care includes consultation, point-of-care diagnostics, treatment and referrals for issues ranging from general health, vision, dental and nutrition to cardio-metabolic, infectious disease and ENT. Sevamob’s strength is convenient onsite service, coverage in urban as well as rural, lower cost due to its technology and live dashboards to track health outcomes.
