Total amount raised
$176.4 Millions
Latest funding date
Location
Doctor Anywhere has successfully raised significant funding through multiple rounds, with its latest being a Series C round. The company has attracted a diverse group of investors, including Square Peg Capital and Novo Holdings.
Keep reading to explore the intricacies of Doctor Anywhere's fundraising journey and the investors backing this innovative telehealth platform.
What Is Doctor Anywhere?
Doctor Anywhere, founded in 2016 by Lim Wai Mun, is a telehealth company based in Singapore. The company offers a digital platform for quick access to health and wellness solutions, including virtual consultations, physical clinics, and home care services.
With a workforce of 501-1000 employees, Doctor Anywhere supports the health and well-being of over 2.8 million people across Southeast Asia. Their services also extend to chronic disease management, mental wellness support, and a marketplace for health and wellness products.
Operating in multiple Southeast Asian countries, Doctor Anywhere is committed to providing quality care through its telehealth app, physical clinics, and mobile medical teams.
How Much Funding Has Doctor Anywhere Raised?
- Series A
- Amount Raised: SGD5.6M
- Date: July 2018
- Lead Investors: Kamet Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and expand initial service offerings.
- Series B
- Amount Raised: $27M
- Date: March 2020
- Lead Investors: Square Peg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance telehealth services.
- Series C
- Amount Raised: $65.7M
- Date: August 2021
- Lead Investors: Asia Partners Fund Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand regional presence and invest in technology.
- Series C
- Amount Raised: $38.8M
- Date: December 2022
- Lead Investors: Novo Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and enhance service offerings.
- Series C
- Amount Raised: $40.8M
- Date: December 2023
- Lead Investors: Novo Holdings, Square Peg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand secondary care services and create a vertically integrated digital healthcare ecosystem.
Total Amount Raised: $172.3M. Current Valuation: Not publicly disclosed.
Key Investors
- Square Peg Capital
- Details: Square Peg Capital is a venture capital firm that invests in technology companies across various stages. They have a strong presence in the Asia-Pacific region and are known for their hands-on approach with portfolio companies.
- Investment Focus Areas: Technology, healthcare, fintech, consumer internet.
- Notable Investments: Canva, Airwallex, Athena.
- Novo Holdings
- Details: Novo Holdings is a global life sciences investor with a focus on creating long-term value through investments in healthcare and biotechnology. They are part of the Novo Group, which includes Novo Nordisk and Novozymes.
- Investment Focus Areas: Healthcare, biotechnology, life sciences.
- Notable Investments: Xellia Pharmaceuticals, Synlab, ERT.
- Asia Partners Fund Management
- Details: Asia Partners Fund Management is a growth equity firm focused on technology and technology-enabled companies in Southeast Asia. They aim to support companies that are scaling rapidly in the region.
- Investment Focus Areas: Technology, e-commerce, digital services.
- Notable Investments: Not publicly disclosed.
- Kamet Capital Partners
- Details: Kamet Capital Partners is a Singapore-based investment firm that focuses on early-stage investments. They provide strategic support and capital to help startups grow.
- Investment Focus Areas: Early-stage startups, technology, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Doctor Anywhere?
Doctor Anywhere is poised to capitalize on the growing demand for comprehensive and connected healthcare solutions in Southeast Asia. With a recent $40.8 million funding round, the company aims to expand secondary care services and build a vertically integrated digital healthcare ecosystem. This expansion presents a significant opportunity to enhance patient experiences and outcomes through early detection and preventive measures against chronic illnesses.
Future fundraising efforts are likely as Doctor Anywhere continues to explore strategic acquisitions and new service launches. However, the company faces challenges such as managing financial losses, integrating acquisitions, and navigating a competitive market. Despite these hurdles, the strong investor confidence and market potential suggest a promising path ahead for Doctor Anywhere.
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