Asa Ren, a DNA data company based in Indonesia, has closed a new US$8.15 million funding round co-led by Top Harvest Capital (US), Kejora Capital, and Marcy Venture Partners (US).
Northstar Ventures, Naya Capital, PT Diagnos Laboratorium Utama Tbk, and several prominent angel investors also joined.
The capital injection will allow it to deepen its digital capabilities, and develop clinical bioinformatics, an e-health passport, and a clinical-genomic database focused on non-communicable diseases.
In addition, Asa Ren also aims to add medical diagnoses and complete health data of the customers.
The Ministry of Health of Indonesia disclosed that more than 70 per cent of deaths in Indonesia are caused by preventable diseases that can be detected from their DNA (including diabetes, CAD, stroke, and cancer). However, only 17 per cent of the healthcare spending in the country is allocated to prevention.
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Asa Ren strives to solve this by providing wellness, nutrition and clinical bioinformatics data for Indonesians.
Founded by CEO Aloysius Liang, Asa Ren aims to accelerate drug discovery and personalised treatments for Southeast Asia’s healthcare industry by developing clinical-genomic databases from healthy and confirmed diagnostic populations.
Its solutions allow customers to understand and manage their healthcare data through their genetic profile, 360 phenotypes, and medical records for a more personalised healthcare experience.
Currently, Asa Ren provides a direct-to-consumer DNA test that offers more than 360 reports, including predisposed health risks, ancestry, and other reports for adults, young parents and children.
Asa Ren has signed service agreements with more than 47 prominent hospital and clinic partners and is expecting to grow its distribution footprint to more than 60 hospital and clinic partners by the end of 2023.
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