Infratil CEO joins board of Tend as it closes $15 million capital raise

Author
Newstalk ZB,
Publish Date
Wed, 27 Jan 2021, 6:52PM
Tend clinical director Dr. Mataroria Lyndon, chief product officer Josh Robb and co-founders and co-chief executives Cecilia and James Robinson. Photo / Supplied
Tend clinical director Dr. Mataroria Lyndon, chief product officer Josh Robb and co-founders and co-chief executives Cecilia and James Robinson. Photo / Supplied

Infratil CEO joins board of Tend as it closes $15 million capital raise

Author
Newstalk ZB,
Publish Date
Wed, 27 Jan 2021, 6:52PM

Digital healthcare start-up Tend has raised $15 million through a closed capital funding round to finance the next stage of its growth.

The 3-month-old company, which conducts most of its patient doctors appointments virtually, is looking to acquire a string of medical clinics using the fresh capital, the NZ Herald reports. 

Tend founder and co-chief executive Cecilia Robinson said the funds were raised by the original four company founders - herself and husband James Robinson, Theresa Gattung and Dr Lee Mathias, along with new director and shareholder Marko Bogoievski - the chief executive of NZX-listed infrastructure investments firm Infratil.

Each have put in the same valuation of capital.

Bogoievski, who has taken a 13 percent stake in the company, brings 30 years of corporate and technology experience to the board.

He told Heather du Plessis-Allan that in Tend he sees a group of people that are trying to address on of the countries biggest challenges, which is primary health care. 

"It's a combination of digital healthcare with physical support and services throughout the country that will redefine healthcare.

"It's not just about an online alternative. It's combining that with a use of data and better services that should change the way people think about healthcare."

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