500% progress because of Covid-19, Physician Wherever raised Collection C capital of almost $66 million

Physician Wherever (DA) introduced its Collection C fundraising occasion, coordinated by progress fairness investor Asia Companions. As well as, the funding spherical additionally attracted traders equivalent to Novo Holdings, Philips and OSK-SBI Enterprise Companions.

With a funding spherical of S$88 million ($65.7 million), it is among the largest non-public funding rounds ever raised by a medical expertise firm in Southeast Asia. .

Singapore-based world traders together with EDBI, Sq. Peg, IHH Healthcare, Kamet Capital and Pavilion Capital are additionally concerned within the deal.

The funding spherical brings the entire quantity of capital raised by Physician Wherever since its inception to over S$140 million.

Because of the funding spherical, Mr. Oliver Rippel, Co-Founder and Accomplice of Asia Companions, and Dr. Amit Kakar, Senior Accomplice and Director of Novo Holdings Fairness Asia will be a part of the DA’s Board of Administrators.

DA is constructing a powerful ecosystem of integrations on the applying together with cost gateways, service suppliers and sufferers in key markets. The applying not solely contains almost 2800 medical doctors and medical professionals within the regional community, but additionally works carefully with hospitals and large-scale healthcare amenities.

This funding will assist the DA develop in new markets.

Launched in 2017, Physician Wherever at present has over 1.5 million customers in Singapore, Malaysia, Thailand, Vietnam and the Philippines. The group additionally lately introduced the institution of regional expertise hubs in Bangalore, India and Ho Chi Minh Metropolis.

Over the previous 18 months, the COVID-19 pandemic has acted as a lever to make customers extra conscious of the advantages of telehealth within the area. That is thought-about a brand new step to advertise the event of the healthcare trade.

Mr. Kien T. Nguyen, co-founder of Asia Companions shared: “The tight coupling between telehealth and face-to-face care is anticipated to have a profound influence on payers, suppliers and sufferers within the 650 million Southeast Asian area. And the DA is main the way in which in offering this service.”

“The pandemic has fueled a development that’s step by step attracting the eye of customers: high-quality, inexpensive healthcare companies, excessive accessibility via digital media. with out worrying about geographical obstacles“, stated Dr. Amit Kakar, Senior Accomplice and Director of Novo Holdings Fairness Asia.

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