Naluri, a Singapore-based digital employee health and wellbeing provider, has raised US$5 million in a series B funding round led by TELUS Global Ventures through the Pollinator Fund for Good.

Current investors Sumitomo Corporation Equity Asia, M Venture Partners, and others also joined the round. This brings Naluri’s total series B funding to US$14 million.

The company plans to use the new capital for working capital to reach profitability within a year and to expand further in Asian markets, starting with the Philippines and Vietnam.

The company operates in Singapore, Indonesia, Malaysia, and Thailand.

TELUS Health has also signed a commercial partnership with Naluri to serve Employee Assistance Programme clients in eight regional markets.

Naluri provides digital health solutions for enterprise clients in sectors such as banking, insurance, technology, logistics, energy and mining, professional services, and BPO industries across Southeast Asia.

🔗 Source: Naluri

🧠 Food for thought

1️⃣ Employee awareness gap creates massive market opportunity for digital health providers

Naluri’s expansion into new Southeast Asian markets comes at a time when employee wellbeing services face a significant awareness challenge that creates substantial growth potential.

A recent study of 15,302 employees across Southeast Asia found that only 29% were aware of Employee Assistance Program (EAP) services offered by their employers1. This awareness gap represents a massive untapped market, especially since the same study showed that access to EAP services was significantly associated with improved mental health, productivity, and reduced turnover intention.

The economic stakes are enormous. Mental health disorders are projected to cost the global economy $6.1 trillion by 2030, up from $2.5 trillion in 20102. In the U.S. alone, untreated mental health conditions cost businesses $47.6 billion annually in lost productivity3.

TELUS’s commercial partnership with Naluri to serve EAP clients across eight regional markets demonstrates how established players are recognizing this opportunity to bridge the awareness gap through strategic partnerships rather than building solutions internally.

2️⃣ Healthcare cost pressures drive strategic partnerships in Asian markets

The timing of TELUS’s investment in Naluri aligns with broader healthcare spending pressures across Asia that are pushing companies toward preventive digital solutions.

ASEAN’s six largest countries are projected to nearly double healthcare spending by 2025, representing an increase of around $320 billion4. This dramatic cost inflation is occurring as approximately 21% of Southeast Asia’s population will be aged 60 and above by 2025, creating unprecedented healthcare demand.