Yapp (Other Healthcare Technology Systems)
Platform connecting patients, pharmacies, and insurers for medication.
| Date | Investors | Amount | Round |
|---|---|---|---|
$2.5m | Seed | ||
| Total Funding | 000k | ||
| EUR | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Founded in 2017 by Mauricio Ferrari and Javier Appelgren Merino, Yapp is a Chilean digital health platform designed to create an integrated healthcare ecosystem. Both founders brought experience from the health sector—Ferrari from laboratories and Appelgren from insurance and healthcare providers—where they identified significant gaps in patient access to information. The platform launched in mid-2018, initially as a mobile application for comparing medication prices across various pharmacies in Santiago. It gained immediate traction, famously acquiring 50,000 users at once after a television appearance, which temporarily crashed the app.
Yapp operates by connecting patients, pharmacies, insurers, laboratories, and healthcare providers to improve access to medications and treatment adherence. For patients, the application provides price comparisons, online purchasing with home delivery, and the ability to use supplementary insurance for online reimbursements, which can lead to savings of up to 60-80%. For pharmacies, particularly independent ones, the platform increases visibility, provides a new sales channel, and enables them to process insurance reimbursements and discounts from laboratories. The business model also serves insurers by aiming to reduce claims costs by up to 30%, and laboratories by offering digital sample sharing and patient support programs. Healthcare providers can track medication delivery and improve the patient experience.
The company's main products are "Yapp +Benefits," which facilitates insurance and other discounts at independent pharmacies, and "Yapp en tu Barrio," a service that connects health centers with neighborhood pharmacies to streamline medication delivery. Headquartered in Las Condes, Chile, Yapp secured $2.6 million in a seed funding round in November 2020, led by Taram Capital. The company has received multiple awards, including the Avonni Prize for Digital Services and recognition from Startup Chile.
Keywords: health tech, medication price comparison, pharmacy network, insurance reimbursement, digital prescriptions, patient adherence, healthcare ecosystem, digital health platform, medication delivery, pharmaceutical data, Chile, Latin America, online pharmacy, prescription savings, healthcare savings, Mauricio Ferrari, Javier Appelgren Merino