Naluri Secures Fund to Launch Services in Key South East Asian Markets

Jun 2021

Naluri Hidup, a Malaysia-based digital health service provider, has secured MYR 20.6 million (USD 5 million) in a new fundraising round headed by Singapore’s Integra Partners. The successful round marks the Malaysian government’s first match of private capital contribution, dollar-for-dollar, that aims to boost the local startup ecosystem.

The startup’s current round was joined by Sumitomo Corporation Equity Asia (Japan) through PMCare, Palm Drive Capital (New York), INP Capital (Vancouver), and Hibiscus Firm (a VC fund managed by RHL Ventures and Korea’s KB Investment). Its existing strategic investors – Duopharma Biotech, Pathology Asia, and M Venture Partners – had also participated.

The fund will be utilized by Naluri to grow its operations in Singapore and Indonesia. It will also launch its services in Thailand and the Philippines. It further intends to increase its tech and data science capabilities to improve its product and prediction algorithms such as natural language processing, depression detection, device connectivity and patient monitoring. The company will also invest in clinical research to explore the evidence basis in the therapeutic areas of diabetes, renal, cardiovascular, cancer and mental health, which includes commencing clinical research in Europe.

Established in 2017, Naluri provides a human-led and AI-augmented digital health coaching application that benefits people who are at risk of, or managing, chronic and mental health conditions. Besides, the firm offers structured multi-disciplinary support to people suffering from diabetes, hypertension and heart disease, anxiety and depression, and advanced chronic conditions such as renal disease and cancer. It is currently in collaboration with large multinationals such as Reckitt, AXA Affin, and SP Setia.

(Sources: Digital News Asia; Deals Street Asia)

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