(Singapore, Mar 31, 2020) A local telemedicine startup announced it has raised US$27 million in a Series B round led by Square Peg, EDBI and IHH Healthcare, The Business Times has reported.
The tech-enabled healthcare company Doctor Anywhere, which was founded in 2015, says it will use the funds for regional expansion to Malaysia and the Philippines, while deepening its exposure here in Singapore, said the chief executive and founder Lim Wai Mun as quoted by BT.
Series B rounds are all about taking businesses to the next level, past the development stage.
The new funds raised brings Doctor Anywhere’s total funding to over US$40 million.
Doctor Anywhere currently has operations in Singapore, Vietnam and Thailand while it also intends to expand both its tech and data science teams.
According to the BT report, the Singapore-based startup allows users to consult a licensed local doctor through video consultations on the app. Medication can be delivered to their doorsteps within hours.
Medical history, health reports, and other documents are stored in-app for easy access.
With a network of eight fully-owned offline clinics and 1,300 partner clinics nationwide, Doctor Anywhere now serves over a million users through its online and offline platforms.
During this time, Doctor Anywhere has also deployed its telemedicine platform at ferry terminal custom checkpoints. Those passing the checkpoint with temperatures higher than 37.5 degrees Celsius will be allowed to use the platform and consult a doctor on the spot. The startup is also providing medical services to home-quarantined individuals, Mr Lim told BT.
Chu Swee Yeok, CEO and president of EDBI, said as quoted by BT: “As a homegrown company, Doctor Anywhere is actively supporting our nation’s fight against Covid-19. EDBI seeks to bolster Doctor Anywhere’s journey as it continues to champion the adoption of telemedicine to bring healthcare accessibility and affordability to all patients in South-east Asia.”