Total amount raised
$176.4 Million
Latest funding date
12/1/2023
Location
Doctor Anywhere has successfully navigated five funding rounds, with the latest being a Series C round. The company has attracted a total of eight investors, including notable names like 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 is a telehealth company based in Singapore, providing comprehensive healthcare services through digital platforms. The company operates in various sectors, including health care, hospital, information technology, telehealth, and unified communications.
Founded in Singapore, Doctor Anywhere has grown to employ between 501 and 1000 people. The company offers a range of services such as telehealth consultations, physical clinics, health screenings, vaccinations, and specialist care, serving over 2.8 million users across Southeast Asia.
How Much Funding Has Doctor Anywhere Raised?
- Series A
- Amount Raised: USD 4,100,000
- Date: July 2018
- Lead Investors: Kamet Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for the company's telehealth services and expand its initial market presence.
- Series B
- Amount Raised: USD 27,000,000
- Date: March 2020
- Lead Investors: Square Peg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the digital healthcare platform's capabilities.
- Series C
- Amount Raised: USD 65,700,000
- Date: August 2021
- Lead Investors: Asia Partners Fund Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's services across Southeast Asia and invest in new healthcare technologies.
- Series C
- Amount Raised: USD 38,800,000
- Date: December 2022
- Lead Investors: Novo Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion into new markets.
- Series C
- Amount Raised: USD 40,800,000
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand secondary care services and develop a vertically integrated digital healthcare ecosystem.
Total Amount Raised: USD 176,400,000. Current Valuation: Not publicly disclosed.
Key Investors
- Square Peg Capital
- Details: Square Peg Capital is a venture capital firm that invests in technology startups across various stages. The firm is known for its focus on high-growth companies with strong potential for market leadership.
- Investment Focus Areas: Technology, healthcare, fintech, consumer internet.
- Notable Investments: Canva, Airwallex, Stripe.
- Novo Holdings
- Details: Novo Holdings is a global life sciences investor that focuses on healthcare and life sciences sectors. The firm aims to foster personalized and intuitive healthcare experiences through its investments.
- Investment Focus Areas: Life sciences, healthcare, biotechnology, pharmaceuticals.
- Notable Investments: Novozymes, Chr. Hansen, Xellia Pharmaceuticals.
- Asia Partners Fund Management
- Details: Asia Partners Fund Management is a private equity firm that focuses on growth-stage technology companies in Southeast Asia. The firm aims to support companies that have the potential to become regional leaders.
- Investment Focus Areas: Technology, digital economy, consumer internet.
- Notable Investments: Not publicly disclosed.
- Kamet Capital Partners
- Details: Kamet Capital Partners is a Singapore-based investment firm that focuses on early-stage investments. The firm aims to support innovative startups with strong growth potential.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Doctor Anywhere?
Doctor Anywhere is poised to capitalize on the growing demand for digital healthcare solutions in Southeast Asia. With recent funding, the company plans to expand its secondary care services and develop a vertically integrated digital healthcare ecosystem. This expansion presents significant opportunities for growth, including strategic alliances and new service launches.
Future fundraising rounds are likely as the company explores further acquisitions to enhance its service offerings. However, challenges such as managing financial losses, navigating a competitive market, and regulatory hurdles in different countries may arise. Despite these obstacles, Doctor Anywhere's focus on innovation and strategic growth positions it well for continued success.
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