Deals Digest: Vietnam's WeCare247, Australia's EatClub raise funds

Deals Digest: Vietnam's WeCare247, Australia's EatClub raise funds

Photo: Colin Watts / Unsplash

Vietnamese home-based senior care provider Wecare 247 and Australian restaurant platform EatClub have announced raising fresh funds.

Vietnam’s WeCare247 secures funding

WeCare 247, a Vietnamese provider of home-based senior care and patient care services, has raised an undisclosed amount from Patrick Cao’s investment firm Unlock, and existing backer Mynavi Corporation.

As part of the investment, Unlock co-founders Patrick Cao and Justin Teo will join WeCare247’s board of directors, bringing additional strategic insight to the company’s growth and product development. Cao is known for his previous roles as co-founder and president of GoTo and president of Tokopedia, while Teo co-founded Cerigo Investments.

As Mynavi invested in WeCare247 a year ago, the healthcare startup has deepened its collaboration with Japanese stakeholders, with more partnerships underway. The company has also established strategic alliances with insurers, property developers, and care ecosystem players across Southeast Asia.

The new funding will help WeCare247 scale its services, invest in technology to streamline operations, and further improve customer experience.

“Senior care is more important than ever as the world ages rapidly. We focus on long-term, compounding investments in critical sectors, and are pleased to partner with WeCare 247,” Cao said.

Australian restaurant platform EatClub raises $11.6m

EatClub, an Australian restaurant platform backed by celebrity chef Marco Pierre White, has announced raising A$18.2 million (about $11.6 million) in a Series A funding round.

The round, which will help finance the company UK expansion, was led by Melbourne-based Co:Act Capital and backed by Gandel Invest, Marbruck, and Platform Advisory.

Founded in 2016 by Pan Koutlakis, Ben Tyler, Matt Cantelo, and White, EatClub provides a platform that allows restaurants to fill empty tables through real-time pricing incentives. The company launched commercially in 2017.

In addition to its push into the UK market late last month, EatClub has said it will be using the fresh funding injection to further its product development.

EatClub is currently used by more than 3,000 restaurants, bars, pubs and nightclubs in Australia.

Edited by: Pramod Mathew

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