The pre-series B round of funding for the healthtech company Speedoc brought in US $28 million from investors including Bertelsmann Investments, Shinhan Venture Investment, Mars Growth, and Vertex Ventures Southeast Asia & India.
The telehealth consultations, on-site doctor and nurse visits, virtual hospital wards, and ambulance-hailing services offered by Speedoc, a tech-enabled, omnichannel healthcare provider, were founded in 2017 by Serene Cai and Shravan Verma.
The company has offices in Singapore and eight Malaysian cities in addition to its native nation. In 2020, Speedoc completed its most recent $5 million US series A financing.
The company supported the Singaporean government’s home rehabilitation and home immunization campaigns during the height of the Covid-19 outbreak.
The additional funding will be used to create virtual hospitals throughout Southeast Asia. Additionally, Speedoc wants to grow H-Ward, its 24/7 online hospital.
A two-year pilot experiment for virtual ward services is being conducted by the firm in collaboration with hospital partners from Singapore. The program is a component of the Mobile Inpatient Care@Home project of the Ministry of Healthcare Office for Healthcare Transformation.