SG firm banks $10m in Southeast Asia’s ‘largest telehealth series A’

Photo credit: Ora

Singapore-based telehealth platform Ora has secured US$10 million, which the company said marks the “largest” series A fundraise in Southeast Asia for the industry.

The startup, which was founded by former Zalora chief marketing officer Elias Pour, looks to use the fresh capital to fuel its expansion into new markets and develop new offerings.

Funding details

• Funding amount: US$10,000,000
• Lead investors: TNB Aura, Antler
• Other investors: Gobi Partners, Kairous Capital, GMA Ventures
• Stage: Series A
• Source

Ora houses a group of healthcare brands that are powered by an integrated telehealth platform. It operates personalized skincare brand Modules, male health-focused brand AndSons, and Ova – which focuses on female reproductive health.

According to Pour, over 70% of its revenue comes from subscriptions to these brands. The company now has “a very clear and believable path to profitability that is imminently ahead of us,” he added.

Since going live in 2021, the firm said it has delivered 250,000 consultations and seen “uninterrupted monthly growth.”

Currently operating in Singapore, Malaysia, and the Philippines, Ora looks to enter additional markets in 2023.

More details