Siri Ventures also plans to invest 600 million baht (about US$18.29 million) next year into startup and innovation technology to support the proptech sphere.
Medinex will use the capital for marketing and business operations, which includes acquiring human resources and consulting services company Ark Leadership.
Golden Gate Ventures (GGV) made the move to expand and solidify its regional footprint in Malaysia
The proceeds raised will be used for new investments and capital requirements.
The investment will fuel development in the Praxis Company’s existing markets of the Philippines, Singapore, and Thailand as well as expansion into Vietnam and Malaysia.
Financial details of the investment were not disclosed but F88 said the fund valued the firm at nearly VND1 trillion (about US$43.5 million).