Naluri co-founder and CEO Azran Osman-Rani
Naluri Hidup, a Malaysia-headquartered digital health service provider, has closed a new funding round worth US$5 million, led by Singaporean VC firm Integra Partners.
Existing backers — strategic investors Duopharma Biotech and Pathology Asia, and VC firm M Venture Partners — also participated.
Sumitomo Corporation Equity Asia (Japan), Palm Drive Capital (New York), INP Capital (Vancouver), Hibiscus Fund (a VC fund managed by RHL Ventures and Korea’s KB Investment) also joined Naluri’s latest round.
Naluri will use the funds to expand operations in Singapore and Indonesia, as well as launch its service in Thailand and the Philippines.
Also Read: Feeling deflated, defeated and downright tired as a founder? You are not alone
It also plans to deepen its tech and data science capabilities to enhance its product and predictive algorithms including natural language processing and depression detection, as well as device connectivity and patient monitoring.
The startup will also continue to invest in clinical research to strengthen the evidence-base in diabetes, renal, cardiovascular, cancer and mental health therapeutic areas, including launching clinical research in Europe.
Naluri was co-founded in 2017 by Azran Osman-Rani (CEO), former chief of iflix Malaysia and AirAsia, with Dr. Jeremy Ting and Dr. Hariyati Shahrima.
The Kuala Lumpur-headquartered startup offers human-led and AI-augmented digital health coaching that aims to transform the lives of people who are at risk of, or managing, chronic and mental health conditions.
Premised on the fundamental understanding that physical and mental health are inextricably interconnected, the company provides structured multi-disciplinary support to those affected by diabetes, hypertension and heart disease, anxiety and depression, as well as advanced chronic conditions such as renal disease and cancer.
Working with leading corporates in the region, including Reckitt, AXA Affin, and SP Setia, Naluri helps contain rising healthcare expenditure and improves employee productivity and engagement.
In 2019, Naluri had raised US$1.5 million in an oversubscribed pre-Series A round of funding, led by Global Founders Capital.
CEO Osman-Rani said: “With mental health at the fore in light of the pandemic, we are delighted that companies are now taking bolder steps to tackle physical and mental health holistically.”
Also Read: Malaysian healthtech startup Naluri raises US$250K seed funding from 500 Startups, BioMark
“Our work shows that Naluri is taking a differentiated and practical approach to healthcare that really gets at the root of the problems facing healthcare provisioning in Southeast Asia today, with the increasing prevalence of chronic diseases driving unsustainably high medical inflation, and the rise of mental health issues exacerbated by the pressures of Covid-19,” said Jennifer Ho, principal at Integra Partners.
—
Image Credit: Naluri
The post Naluri secures US$5M Series A to support people with chronic health, mental conditions in SEA appeared first on e27.