Singapore Startup Doctor Anywhere Raises USD 38m for Regional Expansion

Apr 2020

Doctor Anywhere, a telehealth company founded in Singapore in 2015, recently raised USD 27 million in a series B round to drive its international expansion plans. With this investment, Doctor Anywhere will be scaling its technology infrastructure, building big data capabilities into its platform, and growing its network of healthcare practitioners. The company also plans to double its current workforce of 200 employees across the region over the next couple of years.

The recent USD 27 million investment comes from Square Peg – the largest venture capital fund in Australia, EDBI – the investment arm of Singapore Government, and IHH Healthcare – a leading regional healthcare provider. Rounding out this series of funding are Pavilion Capital and existing shareholder Kamet Capital, bringing Doctor Anywhere’s total capital base to exceed USD 40 million.

Currently, Doctor Anywhere provides a platform that allows users to consult a licensed local doctor through video consultations on the app. Medication can be delivered to their doorsteps within hours, with medical history, health reports, and other documents being stored in-app for easy access. Apart from its operations in Singapore, Doctor Anywhere recently launched its platform in Thailand. In addition, Doctor Anywhere is  operating in key cities of Vietnam, namely Hanoi and Ho Chi Minh City. The company is looking to expand into Malaysia and the Philippines.

(Sources: Doctor Anywhere, Tech in Asia, The Straight Times)

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