Prosus Ventures Backs Kismet with $8.2M Seed Investment for Healthcare Innovation

Prosus Ventures Backs Kismet with $8.2M Seed Investment for Healthcare Innovation

(IN BRIEF) Kismet, a healthcare startup, has secured $8.2 million in seed funding led by Prosus Ventures and Airtree Ventures, bringing its total financing to $10.8 million since its founding in February 2023. The funding will accelerate Kismet’s mission to revolutionize global health engagement by enhancing its digital ecosystem connecting caregivers, health insurance, and healthcare providers. Kismet’s platform simplifies appointment booking, integrates insurance benefits, and aims to make healthcare services more accessible and affordable. The company has rapidly expanded its reach, providing access to over 35,000 providers and support coordinators within a year. Mark Woodland, CEO of Kismet, highlights the significance of the funding in advancing their goal of democratizing healthcare access worldwide. Sachin Bhanot from Prosus Ventures and Elicia McDonald from Airtree Ventures express enthusiasm for Kismet’s innovative approach and potential to redefine the caregiving experience globally.

(PRESS RELEASE) NEW YORK/ LONDON, 4-Mar-2024 — /EuropaWire/ — Prosus N.V. (AMS: PRX), a global consumer internet group and one of the largest technology investors and operators in the world, announces that its venture investing arm Prosus Ventures, has participated in Kismet’s successful seed funding round of USD 8.2 million. Kismet, an innovative healthcare startup, has garnered recognition for its pioneering community-engagement ecosystem that connects caregivers, health insurance, and healthcare providers worldwide. Alongside Airtree Ventures, we are proud to spearhead this latest financial backing, which brings Kismet’s total financing to USD 10.8 million since its inception in February 2023. This substantial investment is poised to propel Kismet’s mission to revolutionize health engagement on a global scale. With this influx of capital, Kismet is well-positioned to accelerate its expansion efforts and strengthen its team and international presence. We look forward to partnering with Kismet as they continue to drive innovation and transform the healthcare landscape.

Addressing the multifaceted healthcare needs of modern families amidst a dynamic societal and demographic landscape, Kismet emerges as a beacon of support for individuals grappling with caregiving responsibilities for elderly parents and young children alike. Its cutting-edge platform is meticulously crafted to alleviate caregiving strains across the age spectrum, offering a comprehensive digital ecosystem tailored to the unique demands of the global in-home, disabled, and aged segments. By seamlessly integrating care recipients, coordinators, and service providers, Kismet streamlines the healthcare journey, automating appointment bookings based on available insurance options.

A trailblazer in the startup arena, Kismet champions an inclusive healthcare model that transcends traditional boundaries, fostering a unified online ecosystem that empowers care receivers, coordinators, and providers alike. By revolutionizing appointment scheduling and streamlining insurance integration, Kismet drives down healthcare costs, making essential services more accessible and affordable. Since its inception, Kismet has facilitated access to over 35,000 providers and support coordinators within just one year, underscoring its unparalleled impact on global health engagement.

Mark Woodland, Co-founder and CEO of Kismet, reflects on the company’s meteoric rise, stating, “Our first year has been transformative, evolving from an initial concept into a worldwide community. This injection of funds is more than just a financial milestone; it represents a significant advancement in our quest to democratize healthcare access globally.”

Sachin Bhanot, Head of Investments, SEA & ANZ at Prosus Ventures, commends Kismet’s pioneering approach to healthcare, remarking, “Kismet is defining a completely new category in healthcare – positioned at the unique intersection of software, healthcare, ecommerce and payments. It is Australia’s first comprehensive digital ecosystem player, with a founding team with demonstratable experience and success. We’re thrilled to lead this investment round and support the company as it seeks to redefine the caregiving experience.”

Elicia McDonald, Partner at Airtree, echoes this sentiment, expressing optimism about Kismet’s trajectory. “Kismet, led by a robust management team and active community support, is charting a course towards monumental change. Having witnessed the team’s prior success with Xplor, we are enthusiastic about partnering again with Kismet to revolutionize healthcare accessibility.”

Kismet’s successful seed funding round marks a significant milestone in its journey to reshape global health engagement, affirming its position as a frontrunner in the healthcare innovation space.

About Kismet:

Launched in February 2023 in Melbourne, Australia, Kismet is a trusted digital community platform. It enables individuals to leverage their health insurance benefits to locate and schedule appointments with healthcare providers globally, accessible via the web or mobile devices.

About Prosus:

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors. Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture, etc. The team actively backs exceptional entrepreneurs using technology to improve people’s everyday lives. Each month, more than 2 billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built. To find out more, please visit www.prosus.com.

About Airtree Ventures:

Airtree is a venture capital firm backing Aussie and Kiwi founders, building the iconic technology companies of tomorrow. We’re empowered by our network, dedicating extraordinary resources to help founders shortcut company-building firsts and accelerate their journey from idea to global household name. https://www.airtree.vc/

SOURCE: Prosus