Singapore-based MiyaHealth, a healthtech startup, has raised US$4.8 million in a pre-series A round led by ST Engineering Ventures. Several angel investors from the private equity and healthcare industries also participated in the round.
Photo credit: MiyaHealth
The startup said the fundraise was one of the largest pre-series A rounds by a healthtech startup in Southeast Asia.
MiyaHealth said its solutions make it easier for patients to get affordable healthcare, manage chronic illness, and improve the patient experience. The company offers two AI-driven services, namely MiyaPayor and MiyaPatient. It is also working on a new product suite called MiyaProvider.
The company has partnered with over 3,000 medical service providers and 12,000 physicians to date.
MiyaHealth was founded in 2019 by Ramesh Rajentheran, former group CFO and COO of the healthcare firm Fullerton Health, and Bevan Cheong, who previously served as chief transformation officer at Tokio Marine Insurance Group.
See also: Dutch startup plans to keep Southeast Asia afloat – literally
The startup plans to use the fresh capital to accelerate product development. In the next quarter, it plans to launch MiyaPayor in Indonesia, MiyaPatient in Europe, and MiyaProvider in Malaysia. It will also expand its headcount across its Singapore, Kuala Lumpur, and Jakarta offices.
Currency converted from Singapore dollar to US dollar: US$1 = S$1.34.
Correction (February 23, 2022 – 10:12 am SGT): This article earlier incorrectly stated that the company has raised US$6.5 million. The headline and article have been updated.
Editing by Samreen Ahmad and Arpit Nayak
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