Failed 2023

    Mfine Singapore (Wind-Down)

    Singapore-headquartered telehealth Mfine raised US$60M during COVID then heavily downsized as Asian telehealth demand normalized.

    Founded → Closed

    2017 → 2023

    Funding Raised

    $60M

    Industry

    Healthtech

    Country

    Singapore

    Full Analysis

    Singapore-headquartered (India-operating) telehealth Mfine raised over US$60M during COVID. As Asian telehealth demand normalized, the company laid off most staff in 2022-23 and was reportedly acquired by LifeWell Health Pvt Ltd in a soft outcome. A useful regional telehealth post-mortem.

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