The HD founding team
HD, a Bangkok-headquartered startup operating the healthcare and surgery marketplace HDmall in Thailand and Indonesia, has received US$6 million in new funding
Partech Partners, M Venture Partners, AC Ventures, iSeed, and Orvel Ventures invested in the round.
The company plans to use the funding to expand its team and develop its technology, enabling over 5,000 healthcare providers, 300 operating rooms, and thousands of surgeries by 2024.
HD is an online marketplace that powers over 1,500 healthcare providers, including hospitals. It connects patients to hospitals, clinics, operating rooms, and surgeons while offering healthcare financing solutions to increase access to affordable care and surgeries. Over 250,000 patients have used the platform.
In November 2022, the startup launched HDcare, an elective surgery product for healthcare providers to increase the utilisation of the operating room capacities of hospitals and clinics. Dubbed the ‘Airbnb for Surgeries’ solution, HDcare enables HD to help healthcare providers and patients.
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A portion of the newly raised funds will be used to accelerate HDcare.
On average, the company claims, patients getting surgeries such as thyroid, haemorrhoid, and orthopaedic surgery can enjoy 15-20 per cent better pricing versus market rates in addition to getting healthcare financing options.
For those with insurance or employer coverage, the HDcare team often helps patients navigate complex and stressful reimbursement processes.
Sheji Ho, CEO and Co-Founder of HD, said: “As we put the pandemic behind us, our investors and us see a once-in-a-lifetime supply-driven opportunity in HDcare that is very similar to how companies like Airbnb, Uber, and Groupon leveraged supply and emerged from the 2008 Financial Crisis.”
HD is also one of ten startups recently accepted into the Google for Startups Accelerator: Southeast Asia programme.
According to a recent article by The Lancet, as much as 28-32 per cent of the global disease burden can be attributed to surgically treatable conditions, with the most significant bottleneck being unable to access surgeries without catastrophic expenditure.
Unfortunately, as of today, 91 per cent of people in Southeast Asia aren’t able to access or afford surgeries compared to 52 per cent for high-income Asia Pacific.
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