Singapore-based telehealth startup Physician Anyplace introduced right this moment (March 31) that it has secured US$27 million in a Collection B financing spherical led by Sq. Peg, EDBI and IHH Healthcare.
This spherical can also be joined by Pavilion Capital and present shareholder Kamet Capital, bringing Physician Anyplace’s whole capital base to exceed US$40 million.
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In keeping with Physician Anyplace, this newest funding might be used to fund its “in depth growth” in Asia.
Most not too long ago, Physician Anyplace launched its platform in Thailand, in partnership with an “established” native personal hospital and a worldwide company insurance coverage supplier.
It additionally operates in key cities of Vietnam, particularly Hanoi and Ho Chi Minh Metropolis.
Physician Anyplace revealed that it’s going to share different regional plans within the pipeline that are due later this yr, however didn’t elaborate additional on the specifics of it.
“I’m thrilled to announce our partnership with this group of excellent institutional traders, particularly at a time when world healthcare challenges are top-of-mind in lots of nations,” mentioned Lim Wai Mun, founder and CEO of Physician Anyplace.
“Our mission is to make healthcare cost-effective and accessible for everybody, and I really feel grateful that our companions share the identical imaginative and prescient of reworking the historically conservative healthcare business. With our companions’ important affect and astute business insights, we’re quickly changing into the main tech-led well being and wellness platform in Asia.”
Featured Picture Credit score: Physician Anyplace