LuluMedic

About LuluMedic

LuluMedic is a health-tech company headquartered in Seoul, South Korea, that provides a comprehensive health management system. Founded in 2021 by co-CEOs Yeongwoong Kim and Sunghan Woo, the company aims to eliminate healthcare boundaries by offering seamless services that connect medical care, data, and insurance. The company's mission is to address the challenges individuals face when seeking medical assistance abroad, ensuring continuous health management regardless of location.

The company's core services revolve around its global care membership, which includes medical support and travel insurance. This is facilitated through its 'Assist Card' travel care service, which covers medical expenses, transportation costs, and local emergency rescue for travelers. A key feature is the global medical evacuation network, offering air ambulance services and transfer cost support up to 200 million KRW. LuluMedic also provides a platform called 'd'stat,' which allows users to consolidate their medical records from doctor visits and checkups in one place. This platform enables users to translate and share their health data with local providers when traveling internationally. Additionally, the app offers features like blood sugar management by integrating with glucometers and even a tool to predict estimated medical costs over the next 10 years.

LuluMedic operates on a B2C model, targeting individuals and families who require comprehensive health management, including services for diabetes, diet, and insurance planning. The firm generates revenue through its global care memberships and health and safety services. Since its inception, the company has achieved significant milestones, including securing a 5 billion KRW institutional investment and acquiring Assist Card Korea in September 2023. Investors include Quantum Ventures Korea, Shinhan Capital, and Shinsong Holdings.