Source it from Buymed! This Singapore-headquartered startup just raised a $51.5M Series B to make it easy for pharmacies, clinics and hospitals to source pharmaceutical supplies.

• Active in Vietnam, they have 20,000 monthly active customers and logistics coverage across all 63 provinces of Vietnam.

Investor check. UOB Ventures Management led the round. The US International Development Finance Corporation (DFC), Smilegate Investment and Cocoon Capital also joined in!

• They last raised a $9M Series A in 2021.

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🧐 Why it matters

Sourcing pharmaceutical supplies in Vietnam is a fragmented process. You'd need to work with tons of different suppliers or manufacturers — and have to figure out how they'll all ship to you.

• Especially if you're a pharmacy in a rural area, like many of Buymed's customers, this is a nightmare.

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💊💉 Buy (more than just) meds at Buymed!

Founded in 2018, they're an end-to-end B2B platform that connects healthcare providers with pharmaceutical manufacturers, distributors and suppliers — so they can access the supplies they need.

• Source the items and pay on Buymed, and they'll safely transport your order (yes, with all the cold chain protocols) to you!

Buymed makes sure all items are high-quality, authentic and competitively priced. Plus, they ensure the products get to you fast.

• One-stop-shop. They've got a diverse product assortment with medicine, supplements, supplies and personal care products.

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💰 What's with the $$$?

They'll develop their in-house tech and optimize their infrastructure to expand their coverage in Vietnam, expanding their services and improving customer experience!

• They also plan to expand within Southeast Asia.
• The goal? Build an integrated e-health ecosystem that offers high-quality healthcare service.