London based Your.MD, the world’s smartest AI health information service, has completed its latest round of funding, having raised $10 million led by Orkla Ventures and with participation from Smedvig Capital AS and other existing shareholders.
Orkla is a leading supplier of branded consumer goods to the health, pharmacy, grocery, confectionary, specialised retail and bakery sectors in the Nordics, Baltics and selected markets in Central Europe.
The investment will be used to support the growth of Your.MD’s health information platform and to consolidate its position at the forefront of Artificial Intelligence (AI) development in the digital health sector. The agreement will also enable expansion of its revolutionary OneStop Health™ platform – a global, AI-powered marketplace of trusted health service providers and products – that is already helping 35 international and local digital health businesses reach users with a direct need for their services. Your.MD intends to multiply its commercial partnerships to offer users over 100 best-in-class health services by the end of 2017.
Matteo Berlucchi, Your.MD’s CEO said, “This invaluable partnership with Orkla enables us to build upon the immense strides we’ve made over the last two years to offer mobile phone users access to personal and trusted pre-primary care guidance, all across the world. This investment is going to support the next phase of development of our vision: providing the best health information everyone needs, for free.”
Your.MD has achieved 2.1 million downloads to-date for its iOS and Android app, having been the #1 Health and Fitness app in over 120 countries since its launch in November 2015. Through the advanced chat bot, users can query and get personal, trustworthy and relevant health information. The AI-based pre-primary care service is also available on the web and popular messenger platforms such as Facebook Messenger, Kik, Skype, Slack and Telegram.