About Quro Medical
Quro Medical is a company based in Johannesburg (South Africa) founded in 2018.. Quro Medical has raised $2.45 million across 3 funding rounds from investors including Life Healthcare, Mineworkers Investment Company (MIC) and Enza Capital. Quro Medical offers products and services including Remote Patient Monitoring and Hospital-at-Home. Quro Medical operates in a competitive market with competitors including Surgery Partners, Sound Physicians, TeamHealth Holdings, Vanguard Healthcare Solutions and Gabbi, among others.
- Headquarter Johannesburg, South Africa
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.45 M (USD)
in 3 rounds
-
Latest Funding Round
$1.35 M (USD), Seed
May 09, 2023
-
Investors
Life Healthcare
& 3 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Quro Medical
Quro Medical offers a comprehensive portfolio of products and services, including Remote Patient Monitoring and Hospital-at-Home. 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.
Monitors patient vitals remotely for continuous health tracking and interventions.
Delivers daily medical support and visits for recovery in a home setting.
Unlock access to complete
Unlock access to complete
Funding Insights of Quro Medical
Quro Medical has successfully raised a total of $2.45M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.35 million completed in May 2023. 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 3
- Last Round Seed — $1.4M
-
First Round
First Round
(14 Apr 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Quro Medical | Valuation |
investors |
|
| Aug, 2021 | Amount | Seed - Quro Medical | Valuation | Life Healthcare |
|
| Apr, 2021 | Amount | Seed - Quro Medical | Valuation | Enza Capital , Mohau Equity Partners |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Quro Medical
Quro Medical has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Life Healthcare, Mineworkers Investment Company (MIC) and Enza Capital. 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 |
|---|---|---|---|---|
|
A black-owned investment holding company focused on long-term assets.
|
Founded Year | Domain | Location | |
|
Enza Capital is engaged in venture capital investments across Africa.
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Quro Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Quro Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Quro Medical Comparisons
Competitors of Quro Medical
Quro Medical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Surgery Partners, Sound Physicians, TeamHealth Holdings, Vanguard Healthcare Solutions and Gabbi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Surgical facilities and ancillary services are operated nationwide.
|
|
| domain | founded_year | HQ Location |
Management services for acute care healthcare providers are offered.
|
|
| domain | founded_year | HQ Location |
Hospital-based clinical outsourcing
|
|
| domain | founded_year | HQ Location |
Outsourced mobile clinical services are provided to healthcare facilities.
|
|
| domain | founded_year | HQ Location |
Breast cancer risk assessment services are provided by Gabbi.
|
|
| domain | founded_year | HQ Location |
Pharmacy acceleration services are provided to healthcare organizations nationwide.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Quro Medical
Frequently Asked Questions about Quro Medical
When was Quro Medical founded?
Quro Medical was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Quro Medical located?
Quro Medical is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Is Quro Medical a funded company?
Quro Medical is a funded company, having raised a total of $2.45M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Apr 14, 2021.
What does Quro Medical do?
Quro Medical was founded in 2018 and is based in Johannesburg, South Africa. Operations are conducted in the medical technology sector, where patient monitoring systems are developed and distributed. These systems are utilized by healthcare facilities to track vital signs and improve care delivery. The companys online presence is maintained through the domain quromedical.co.za, supporting regional healthcare needs in South Africa.
Who are the top competitors of Quro Medical?
Quro Medical's top competitors include Surgery Partners, Sound Physicians and TeamHealth Holdings.
What products or services does Quro Medical offer?
Quro Medical offers Remote Patient Monitoring and Hospital-at-Home.
Who are Quro Medical's investors?
Quro Medical has 4 investors. Key investors include Life Healthcare, Mineworkers Investment Company (MIC), Enza Capital, and Mohau Equity Partners.