Shadine Taufik · · 1 min readSG healthtech firm gets $28m pre-series B injection
Healthtech firm Speedoc has raised US$28 million in its pre-series B round, which drew backers including Bertelsmann Investments, Shinhan Venture Investment, Mars Growth, and Vertex Ventures Southeast Asia & India.
Speedoc co-founders Serene Cai (left) and Shravan Verma / Photo credit: Speedoc
Founded in 2017 by Serene Cai and Shravan Verma, Speedoc offers tech-enabled, omnichannel healthcare services, giving users access to telehealth consultations, on-site doctor and nurse visits, virtual hospital wards, and ambulance-hailing services.
Headquartered in Singapore, the firm operates in its home country and eight cities in Malaysia. Speedoc last raised US$5 million via its series A round in 2020.
At the height of the Covid-19 pandemic, the firm provided support for the Singapore government’s home recovery and home vaccination programs.
The fresh funds will be channeled into developing virtual hospitals across Southeast Asia. Speedoc also aims to expand H-Ward, its 24/7 virtual hospital platform.
The startup is working with Singapore-based hospital partners on a two-year pilot trial for virtual ward services. The initiative is part of the Ministry of Healthcare Office for Healthcare Transformation’s Mobile Inpatient Care@Home initiative.
See also: An unknown Singapore healthtech firm’s dubious $583m valuation
Editing by Miguel Cordon and Eileen C. Ang
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