NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Doctor Anywhere (DA), a regional tech-led healthcare company headquartered in Singapore, announced today that it has raised its Series C financing round, led by growth equity investor Asia Partners. The round also attracted other investors including Novo Holdings, Philips and OSK-SBI Venture Partners.

At $88 million SGD (US$65.7 million), it is one of the largest private funding rounds ever raised by a healthtech company in Southeast Asia.

Existing investors also participated in the round, including Singapore-based global investor EDBI, Square Peg, IHH Healthcare, Kamet Capital and Pavilion Capital. This round brings the total capital raised by Doctor Anywhere since founding to more than $140 million SGD.

As a result of the financing, Oliver Rippel, Co-Founder and Partner of Asia Partners, and Dr Amit Kakar, Senior Partner, Head of Novo Holdings Equity Asia will come onboard DA’s Board of Directors.