The HDmall team
HD, the Bangkok-headquartered company behind the HDmall, a healthcare and surgery marketplace in Thailand and Indonesia, has secured a “significant investment” from Vietnamese VC firm FEBE Ventures.
The size of the deal has not been disclosed.
The capital will enable HD, which describes itself as the ‘Airbnb for surgeries’, to expand its reach and deepen its market presence in emerging Southeast Asia.
This round follows a US$6 million raise in January from Partech Partners, M Venture Partners, AC Ventures, iSeed, and Orvel Ventures and the launch of its new elective surgery product HDcare.
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HD was co-founded in 2019 by Sheji Ho, Aditya Jamaludin, Raya Chantaramungkorn (all former top executives at Thailand’s leading e-commerce enabler aCommerce), and Frankie Shum (formerly with Ardent Capital). It connects patients to hospitals, clinics, operating rooms and surgeons while offering healthcare financing solutions to increase access to affordable care and surgeries.
HDcare works with healthcare providers – many already on the HDmall platform – to increase the utilisation of hospitals’ and clinics’ operating room capacities.
The firm works with 1,500 healthcare providers, including some of the largest hospitals. To date, it has served over 250,000 patients.
Since its launch in November 2022, the company claims the patient demand for HDcare has grown 30x. It aims to achieve profitability by the end of this year.
Sheji Ho, CEO and Co-Founder of HD, said: “FEBE’s network and market expertise will accelerate our expansion into Vietnam, a country with a population of 100 million and a healthcare ecosystem that aligns with our healthcare marketplace and surgery solutions.”
The healthtech recently entered into a strategic partnership with Johnson & Johnson MedTech, aiming to elevate the surgical skills of healthcare providers and surgeons operating on HD’s HDmall and HDcare platforms. This collaboration aims to increase patients’ access to high-tech and innovative surgical procedures, improving patient outcomes and reducing the cost of healthcare services.
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