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Tech-enabled well being supplier Speedoc from Singapore has raised $28 million in a pre-Collection B funding spherical led by its new buyers Bertelsmann Investments, Shinhan Enterprise funding and Mars Progress.
Its earlier investor, Vertex Ventures Southeast Asia & India, which led its $5 million Collection A funding spherical in 2020, additionally joined this newest investing spherical.
WHAT IT DOES
Based in 2017, Speedoc is a digital clinic that gives a variety of cell house care companies, together with telehealth consultations, on-site physician and nurse visits, digital hospital wards, and ambulance-hailing companies. It’s at the moment current in 9 cities throughout Singapore and Malaysia.
The corporate can be one of many know-how companions for the two-year pilot of the Cellular Inpatient Care@Dwelling initiative by the Ministry of Well being’s Workplace for Healthcare Transformation.
WHAT IT’S FOR
This recent funding will allow Speedoc to hunt extra collaborations with each non-public and public healthcare gamers to broaden its cell house care mannequin. Its H-Ward digital hospital programme is an built-in platform ran and monitored by a devoted 24/7 care staff that mixes numerous companies for hospital care at house.
MARKET SNAPSHOT
The buyer-centric digital well being ecosystem in Asia is pushing up the general development of the area’s digital well being market to $100 billion by 2025 from $37 billion in 2020, in response to projections by McKinsey & Co.
Speedoc’s fellow well being know-how gamers in Singapore, MiyaHealth and Peculiar Folks, have additionally attracted investments early this 12 months to scale their choices throughout the area.
Elsewhere in Asia, digital well being companies like Jio Well being and Med247 in Vietnam, Indian telehealth agency Truemeds and Sydney-based telehealth firm Eucalyptus, have additionally scored respective investments up to now few months.
ON THE RECORD
“Healthcare provision and supply in Southeast Asia is poised for large change within the subsequent decade. We consider the healthcare mannequin Speedoc champions will see larger adoption in assembly the healthcare hole within the area,” Jinsoo Lee, director at Shinhan Enterprise Funding, commented.
“The thrust in direction of digital hospitals will complement and guarantee higher hospital utilisation charges, enabling medical personnel to take care of life-threatening situations in a extra environment friendly method,” Dr Shravan Verma, CEO and co-founder of Speedoc, additionally famous.
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