(L-R) Speedoc Co-Founders Serene Cai and Dr Shravan Verma
Speedoc, a virtual clinic and healthcare solutions platform that brings advanced medical care to homes in Singapore and Malaysia, has announced closing its US$28 million pre-series B funding round.
New investors Bertelsmann Investments, Shinhan Venture investment, Mars Growth, and returning backer Vertex Ventures Southeast Asia & India invested in the round.
“With this investment, we look forward to expanding our collaborations with private and public healthcare players to bring hospital-level care into every home and for every person. This would further empower patients and caregivers by providing them with an alternative to recover at home whilst providing them with adequate cost savings. The thrust towards virtual hospitals will complement and ensure better hospital utilisation rates, enabling medical personnel to attend to life-threatening conditions more efficiently,” said Dr Shravan Verma, CEO and Co-Founder of Speedoc.
Also Read: How home-based care is changing the face of the health sector
Founded in 2017, Speedoc is a virtual clinic and healthcare solutions platform enabling users access to home-based medical care and services. It aims to drive medical care needs out of hospitals and clinics by delivering a full suite of healthcare services to homes. These services include home visits by doctors and nurses, video consultations, allergy and health screenings, virtual hospital wards, and remote health monitoring.
The platform is available in nine cities across Singapore and Malaysia and serves patients and caregivers across both countries.
Speedoc is currently working with hospital partners, such as the National University Health System, the Singapore General Hospital, and Khoo Teck Puat Hospital.
The healthtech startup will also look to expand its H-Ward virtual hospital programme, an integrated platform monitored by a dedicated 24×7 patient-care team that standardises and combines different services needed for hospital care at home.
In 2020, Speedoc secured US$5 million in Series A funding led by Vertex Ventures.
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