Developments in health technology in APAC

Developments in health technology in APAC..

“What we’ve caterpillar-tracked and seen within the last four years may be a spirited scheme, that was within the past, terribly e-commerce health-centered to today, terribly subtle with AI drug discovery, clinical trials, and digital medicine, etc. In 2018, the whole quantity of capital that was endowed in the Asia Pacific amounted to concerning $6.8B. To place in context, within the US its $8.2B and $2B for Europe,” aforesaid Julien de Salaberry, Chief military officer & Founder, anatomist Growth Asia at the SFF x SWITCH conference in Singapore in Nov.

Notable funding rounds

Indonesia-based health-tech platform Halodoc has raised 3 rounds of funding from institutional investors, with the foremost recent funding (Series B) closed earlier this year in March, raising about to $100M (around IDR1,4 Trillion) in total. This can be one amongst the biggest raise in health tech/digital health startup in Southeast Asia this year.

Singapore-based health technology startup CXA cluster declared in March that it had raised $25M in its latest spherical of funding, which can be used for the startup’s regional enlargement. In July, the CXA cluster declared that they’re going to establish the CXA technical school Hub in Vietnam, as a section of the enlargement of its technical capabilities to support its growing multi-product capabilities together with its proprietary Health-Tech scheme.

In April, China’s Tencent trustworthy Doctor, a venture-backed by technical school large Tencent Holdings, declared that it had raised $250M in a very fundraising spherical. Another Indonesian health-tech platform, Alodokter declared that it’s raised a $33M Series C funding in October. The funds are wont to expand its hospital network integration and to more develop its insurance service.

Singapore-headquartered genomic medication startup Lucence declared in Nov that it’s raised $20M serial A funding. The funds are employed by the startup to supply its liquid diagnostic test technology to additional patients across Asia and North America for personalized treatment choice.