According to Doctor Anywhere, this latest investment will be used to fund its "extensive expansion" in Asia.

Published 2020-03-31 10:47:49

Singapore-based telehealth startup Doctor Anywhere announced today (March 31) that it has secured US$27 million in a Series B financing round led by Square Peg, EDBI and IHH Healthcare.

This round is also joined by Pavilion Capital and existing shareholder Kamet Capital, bringing Doctor Anywhere’s total capital base to exceed US$40 million.

According to Doctor Anywhere, this latest investment will be used to fund its “extensive expansion” in Asia.

Most recently, Doctor Anywhere launched its platform in Thailand, in partnership with an “established” local private hospital and a global corporate insurance provider.

It also operates in key cities of Vietnam, namely Hanoi and Ho Chi Minh City.

Doctor Anywhere revealed that it will share other regional plans in the pipeline which are due later this year, but did not elaborate further on the specifics of it.

“I am thrilled to announce our partnership with this group of outstanding institutional investors, especially at a time when global healthcare challenges are top-of-mind in many countries,” said Lim Wai Mun, founder and CEO of Doctor Anywhere.

“Our mission is to make healthcare cost-effective and accessible for everyone, and I feel grateful that our partners share the same vision of transforming the traditionally conservative healthcare industry. With our partners’ significant influence and astute industry insights, we are rapidly becoming the leading tech-led health and wellness platform in Asia.”

Featured Image Credit: Doctor Anywhere

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