Pre-Series A funding raised by Kyberlife led by PE Global, angel investors
Kyberlife, a Singapore-based e-commerce marketplace startup for the life sciences, pharmaceuticals, and healthcare industries, today announced an undisclosed Pre-Series A funding round led by PE Global, PANSAR Group’s venture capital arm, and industry leaders including James Simkins (CEO of GETZ Healthcare), Dr Michael Gorriz (Global Group Chief Information Officer of Standard Chartered Bank), and Dr Soenke Weissenborn (Group Operations Director for IDS Immunodiagnostics Systems).
Existing investors including Rapzo Capital and Amatar Investment took part in the investment round as well.
Kyberlife claims to have raised “approximately one million Singapore dollars” in addition to initial money received in August of last year. According to reports, the Pre-Series A investment round has been oversubscribed.
Kyberlife connects B2B customers such as scientists/researchers, institutions, universities, corporations, labs, and hospitals with principals in the life sciences, pharmaceutical, and healthcare industries.
Eppendorf, Merck, Roche, and Tipbio Systems are among the global corporations with which the company has formed agreements.
Lim noted in a press statement that many health sciences executives in Europe and the United States are hesitant to enter Asia and Southeast Asia because of the expensive startup costs, which are aggravated by COVID-19 travel limitations. However, thanks to Kyberlife’s open marketplace, they can now reach out to their customers in a more convenient and risk-free way — to new market segments.
Three founding partners, Ryan James Lim (CEO), Michael Tillmann (Chairman), and Wesley Lim, formed and incorporated Kyberlife in Singapore (China Channel Lead).
“With Kyberlife we are solving an imminent and overlooked problem within these traditional industries where consumers experience a laborious process of searching for products while principals have little control of their products on third-party platforms. It is our mission to achieve an efficient and active network for the community by being the one-stop-shop for both parties to communicate and transact with each other. Consumers will experience higher transparency across products for easy sourcing while the principals will retain full control over their products,” said Kyberlife Co-Founder and CEO Ryan James Lim.
Prior to Kyberlife, Ryan and Wesley Lim founded a cosmetics-related e-commerce portal for B2C users. After that, Kyberlife adopted its technologies.
Tillmann has over 25 years of experience working for international pharmaceutical and diagnostics firms in top executive and supervisory board roles. He formerly served as the President and CEO of Roche Diagnostics in North America, as well as the Asia Pacific and Europe.
He also launched Vela Diagnostics, a polymerase chain reaction startup, where he met and mentored Ryan Lim, who had previously worked as an intern at his company.
