The Speedoc team
Speedoc, a Singapore-based digital health app, has raised S$6.7 million (US$5 million) in a Series A funding round, led by Vertex Ventures.
Other investors in the round include Decacorn Capital and Global Grand Leisure.
As per a press note, the fresh funds will be used to bankroll Speedoc’s technological advancement initiatives in Singapore to drive faster adoption of digital health services locally.
The initiatives include rolling out virtual hospital schemes and working with industry partners for clinical validation of proprietary clinical pathways.
The capital will also enable it to enhance its proprietary Chronic Disease Home Management service and aid in its plans to expand to other markets in Southeast Asia.
Additionally, it will leverage Artificial Intelligence and Machine Learning to create personalised treatment plans.
Also Read: The changing face of healthcare in a post pandemic world
Founded in 2017, Speedoc operates as a platform that combines offline and online services to provide healthcare to patients in their homes. Its services include house call doctors, telemedicine and remote health monitoring among others.
“We believe in Speedoc’s vision to make healthcare accessible and affordable for patients through digital means. With the enduring effect of the pandemic, we see immense potential for such innovative digital healthcare services to address the medical needs of many populations,” said Carmen Yuen, Partner of Vertex Ventures SEA & India.
“As Singapore’s population ages, there will be an overall increase in the need for medical services. Speedoc is looking to solve this gap by advancing digitally accessible healthcare services. We are looking to enable any home to mirror the facilities of a hospital room, with tools like continuous remote monitoring, telemedicine, and blended clinical pathways; empowering both patients and medical professionals alike,” added Dr Shravan Verma, Founder and CEO of Speedoc.
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Image Credit: Speedoc
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