About MiCare
MiCare is a company based in Shah Alam (Malaysia) founded in 2006 was acquired by Zuellig Pharma in June 2013.. MiCare has raised $90 million across 2 funding rounds from investors including Mitsui & Co., International Finance Corporation and Zuellig Pharma. MiCare offers products and services including Healthcare Administration and Cost Management.
- Headquarter Shah Alam, Malaysia
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Micare Sdn Bhd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$90 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series C
May 27, 2021
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Investors
Mitsui & Co.
& 2 more
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Employee Count
Employee Count
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Acquired by
Zuellig Pharma
(Jun 01, 2013)
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Products & Services of MiCare
MiCare offers a comprehensive portfolio of products and services, including Healthcare Administration and Cost Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Efficient and cost-effective administration is managed for insurers, brokers, agents, and corporates to streamline healthcare processes.
Opportunities to increase efficiency and prevent inaccuracies are addressed through medical audits, provider management, and oversight of patient flows.
Funding Insights of MiCare
MiCare has successfully raised a total of $90M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in May 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $60.0M
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First Round
First Round
(09 Dec 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series C - MiCare | Valuation |
investors |
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| Dec, 2020 | Amount | Series B - MiCare | Valuation | IFC |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MiCare
MiCare has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsui & Co., International Finance Corporation and Zuellig Pharma. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Traditional conglomerate services are provided across multiple sectors by Mitsui.
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Founded Year | Domain | Location | |
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Healthcare access in Asia is enhanced by Zuellig Pharma.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MiCare
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MiCare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Micare Comparisons
Competitors of MiCare
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about MiCare
When was MiCare founded?
MiCare was founded in 2006 and raised its 1st funding round 14 years after it was founded.
Where is MiCare located?
MiCare is headquartered in Shah Alam, Malaysia. It is registered at Shah Alam, Selangor, Malaysia.
Who is the current CEO of MiCare?
Moses Hee is the current CEO of MiCare.
Is MiCare a funded company?
MiCare is a funded company, having raised a total of $90M across 2 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Dec 09, 2020.
What does MiCare do?
MiCare was established in 2006 and is headquartered in Shah Alam, Malaysia. Third-party administration services are offered by the company, focusing on operational support for clients in various sectors. Activities are centered in the Malaysian market, with management led by CEO Moses Hee. The firm handles administrative tasks on behalf of third parties, ensuring efficient processing and compliance.
What products or services does MiCare offer?
MiCare offers Healthcare Administration and Cost Management.
Who are MiCare's investors?
MiCare has 3 investors. Key investors include Mitsui & Co., International Finance Corporation, and Zuellig Pharma.
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