Health

Singapore-based telehealth startup Physician Anyplace nets $66M in Collection C spherical



Physician Anyplace, a Singapore-headquartered digital well being platform, has scored SG$88 million ($65.7 million) in a Collection C funding spherical led by development fairness investor Asia Companions. 

The spherical additionally noticed the participation of Novo Holdings, Philips and OSK-SBI Enterprise Companions, in addition to the corporate’s current traders comparable to EDBI, Sq. Peg, IHH Healthcare, Kamet Capital and Pavilion Capital. 

The brand new funds carry the corporate’s whole capital raised over the previous 5 years to over SG$140 million ($104 million).

WHY IT MATTERS

Physician Anyplace delivers healthcare providers by way of its cell platform. It has a community of practically 2,800 medical doctors and medical professionals serving over 1.5 million customers throughout Southeast Asia since 2017.

The corporate is at the moment current in Singapore, Thailand, Malaysia, Vietnam and the Philippines; it has not too long ago established regional tech hubs in Bangalore, India and Ho Chi Minh Metropolis in Vietnam.

In a press assertion, Physician Anyplace stated it can use the proceeds from the most recent investing spherical to “additional deepen its presence” in current markets and to enter “new” markets. The funding will even be deployed for the enhancement of its digital capabilities and augmenting its capability to ship healthcare providers. 

Following the financing spherical, Oliver Rippel, co-founder and associate at Asia Companions, and Dr Amit Kakar, head and senior associate at Novo Holdings Fairness Asia, will be a part of Physician Anyplace’s board of administrators.

THE LARGER TREND

This newest funding occasion follows its Collection B investing spherical final 12 months in March the place it raised $27 million. 

Final 12 months, the corporate launched its COVID-19 Medical Advisory Clinic which presents video session with medical doctors for its cell app customers in Singapore, Thailand and Vietnam. Additionally that 12 months, it launched an on-line psychological well being video session service that enables customers to guide video remedy classes with their most popular psychologists and counsellors. 

ON THE RECORD

“[Doctor Anywhere’s] mission is to be the biggest tech-enabled omnichannel healthcare supplier in Southeast Asia, and making use of progressive expertise to bettering affected person outcomes is core to our differentiated choices,” Physician Anyplace Founder and CEO Lim Wai Mun stated.



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