Doctor Anywhere sets out for SE Asia push with S$88-million funding

Doctor Anywhere, a regional tech-led healthcare company headquartered in Singapore, has raised S$88 million SGD (US$65.7 million) through a financing round led by growth equity investor Asia Partners. 

The round also enabled the entry of new investors Novo Holdings, Philips and OSK-SBI Venture Partners as well as the return of EDBI, Square Peg, IHH Healthcare, Kamet Capital and Pavilion Capital. 

This round brings the total capital raised by Doctor Anywhere since founding to more than $140 million.

Since its launch in 2017, DA has grown exponentially to serve more than 1.5 million users across Southeast Asia. Over the past 18 months, the COVID-19 pandemic has also served as a catalyst to fast-track the adoption of telehealth services in the region, an innovation which enabled the healthcare industry to continue providing high-quality, affordable care to families through the crisis.

Lim Wai Mun, founder and CEO of Doctor Anywhere, said this latest investment will also allow the group to expand into new markets, to drive its mission of transforming the regional healthcare landscape through technology.

“We will utilise this funding to further enhance our digital capabilities, and scale up on our ability to deliver quality healthcare seamlessly to our users in Southeast Asia,” said Lim.

Doctor Anywhere is currently available in Singapore, Malaysia, Thailand, Vietnam, and the Philippines. The group also recently announced the establishment of regional tech hubs in Bangalore, India, and Ho Chi Minh City, Vietnam.

The group has built a strong ecosystem of payers, providers, and patients across its core markets. It has close to 2800 doctors and medical professionals within its network in the region, and it also works closely with major hospitals and healthcare institutions.