Today is a very special day for us. We’re pleased to announce that Doctor Anywhere (DA) has raised S$88M (US$65.7M) in series C fundraising, one of the largest private funding rounds ever raised by a healthtech company in Southeast Asia. This brings the total capital raised since our founding to more than S$140 million.
This is an amazing achievement for us, and we could not have done this without the trust and support of our users, partners, and investors. Four years ago, we had a vision to transform the healthcare industry in Asia, to enable better access through digitalisation. And we are on track to make this a reality!
For those who have been on this journey with us, you know that things had not always been easy. However, with resilience and a strong sense of purpose, we have grown our operations beyond our home base of Singapore, to Vietnam, Thailand, and more recently Malaysia and the Philippines, bringing our regional presence to 5 countries. DA now serves more than 1.5 million users across Southeast Asia.
This latest round of investments makes DA the most well-funded cross-border healthcare platform, supported by an extensive network of corporate partners and healthcare providers. This will enable us to continue our mission and ambition to transform the healthcare landscape through technology and innovation, thereby creating a truly omnichannel healthcare experience for our users.
Technology and innovation remains at the heart of everything that we do. A key focus would be to strengthen our product features and scale our tech infrastructure as well as enhance our big data capabilities, providing seamless integration of online-to-offline experience for our users.
We are also looking to broaden our product offerings and introduce more exciting programmes that our users want. These include launching innovative healthcare products and services, introducing new medical specialty modules, shortening the medication delivery time, and providing customisable healthcare programmes based on user profiles.
Lastly, we will continue to attract the best and the brightest in the region to join us in our vision, as we recognise that we wouldn’t be able to grow this quickly without our talented and passionate team of medical providers, product engineers, customer support teams, and marketing and business functions.
We are excited that this latest round was led by growth equity investor Asia Partners, the team behind two of Asia’s most notable exits – the largest internet IPO from Southeast Asia (Sea Group), and the largest technology cash exit in Asia’s history (Flipkart). It is our pleasure to welcome Oliver Rippel, Co-Founder and Partner of Asia Partners, and Dr Amit Kakar, Senior Partner, Head of Novo Holdings Equity Asia to DA’s Board of Directors.
Other new investors who joined this round include Novo Holdings, Philips and OSK-SBI Venture Partners. And as a testament to our vision and performance, we are very privileged to have the continued confidence of Singapore-based global investor EDBI, Square Peg, IHH Healthcare, Kamet Capital and Pavilion Capital, who have also participated in this round.
This is just the beginning
It has been an incredible journey for us in the past year. We have more than doubled the size of our healthcare provider network – from around 1,000 providers at the start of 2020, to currently close to 2,800 medical professionals across Southeast Asia.
We’ve also 5X our transaction volume, and achieved 3X in revenue growth. We truly believe that we are in an extraordinary position to create meaningful and impactful change in the region, to make healthcare accessible to everyone.
While we are excited about what the future holds, we know that this is just the beginning. Thank you for your continued belief and support of our journey ahead.
Lim Wai Mun
Founder and CEO, Doctor Anywhere