Healthtech Startup Doctor Anywhere Raises $40 Million to Grow Digital Care

Shaping the Future of Digital Healthcare

Doctor Anywhere, a Singapore-based health tech startup, has raised $40.8 million in fresh funding to expand its digital healthcare services across Southeast Asia.

Square Peg and Novo Holdings led the series C1 extension round. Doctor Anywhere says it will use the capital to strengthen partnerships, make acquisitions, and build out its telehealth, primary care, and specialist platforms.

This brings the company's total funding to $176 million as it rapidly scales up its ambitions. Just last December, Doctor Anywhere acquired medical services firm Asian Healthcare Specialists for over $76 million.

Doctor Anywhere Expanding Horizons

The startup now boasts 2.5 million users in Singapore, Indonesia, Malaysia, Thailand, Vietnam, and the Philippines.

Its goal is to create preventative care pathways and help more people "take charge of their health and well-being."

Founder and CEO Lim Wai Mun envisions a "vertically integrated digital healthcare ecosystem" encompassing telemedicine, in-person clinics, and ancillary services.

Digital Care Revolution

The firm more than doubled revenue between 2021 and 2022.

The fresh injection of funds will fuel Doctor Anywhere's regional expansion at a time when demand for telehealth and digital care options is surging worldwide.

However, the competitive digital health space faces lingering challenges in reimbursement and adoption.