Daily Markup #498: Prenetics brings healthcare to homes; Glife invests in Vietnamese agritech; Naluri supports Universal Health Coverage

Credit: Rise

Delivering healthcare at home

  • 2022 started with a bang for 500-backed biotech company Prenetics! It announced revenue growth of over 60% in Q1 this year — a record high US$92M.
  • To date, the genetic and diagnostic testing firm has performed and delivered more than 22 million COVID-19 laboratory and rapid at-home tests globally.
  • What’s next following this happy news? Danny Yeung, Co-founder & CEO revealed that  company acquisitions are on the horizon. “We are in advanced M&A discussions with multiple companies in Europe and Southeast Asia in the areas of telehealth and personalized care, which we believe can add additional revenues and new technology to our portfolio,” he said.
  • This year, Prenetics is set to launch ColoClear, a non-invasive stool-based FIT-DNA test for colorectal cancer screening, and Circle Snapshot, an at-home blood test with a user-friendly blood sample collection and result delivery system.
  • Read the full article on Tech in Asia.

Credit: Nhip Cau Dau Tu

Growing never stops 

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  • Hot off the acquisition of a farm-to-table startup in Indonesia, and a plant-based food distributor in Malaysia, 500-backed Glife is now in Vietnam, investing in Koina Investment Group JSC, an agritech supply chain company.
  • Believe it or not, Koina is only 4 months old! The company provides farming technology to local cooperatives and farmers to help them improve their productivity.
  • In just a short period of time, Koina recently celebrated a milestone of delivering 1,000 tons of agri-products thanks to its network of 80 farming households, over 50 hectares of farmland, and distribution to over 3,000 merchants across 9 provinces in Vietnam.
  • Justin Chou, Co-founder & CEO of Glife Technologies, said, “We believe in the company’s business model, development strategy, capability, and the enthusiasm of the Koina founding team. We see Koina as an exciting Vietnamese agri-tech company, and our investment into Koina is a necessary catalyst in helping to enhance the regional agricultural value chain.”
  • “More importantly, we see Koina playing a pivotal role in helping to build trust and augment the status of Vietnamese agricultural products in the region,” he added.
  • Read the full story here.

Credit: Naluri

Healthcare is a human right

  • It’s a day for big announcements! Wrapping up our stories for today is 500-backed digital health startup Naluri, which has become proud signatory to the World Bank Group’s Ethical Principles in Healthcare as proposed by the IFC – International Finance Corporation.
  • The full documentation is here, but here’s the gist: its signatories support Universal Health Coverage, which aims to ensure that people have access to the healthcare they need without suffering financial hardship.
  • Azran Osman-Rani, Co-founder & CEO said, “We are unwavering in our mission and uncompromising in our ethics in the promotion of Sustainable Development Goal 3, and pledge to work with investors, partners, and clients who are committed to the same.” 
  • Read the full announcement here.

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