FEBE Ventures invests in Thailand’s HD to support company’s growth in Vietnam

The well-known Vietnamese venture capital firm FEBE Ventures has made a sizeable investment in HD, the healthcare and surgery marketplace based in Thailand.

HD said in a statement on Tuesday that this strategic alliance enhances HD’s standing as the preferred platform in Southeast Asia for easily accessible and reasonably priced medical services as well as elective surgeries.

The announcement claims that HD will be able to deepen its market presence and broaden its reach in developing Southeast Asia thanks to the investment from FEBE Ventures.

As the need for affordable, high-quality healthcare services grows, HD claims it is in a strong position to provide people in the area with improved healthcare experiences.

Since launching its new, cutting-edge elective surgery product, HDcare, and successfully raising $6 million in funding in January, HD, which runs the HDmall platform in Thailand and Indonesia, has grown remarkably.

HDcare collaborates with healthcare providers, many of whom are already using the HDmall platform, to maximize the use of operating rooms in clinics and hospitals.

HD is able to assist patients and healthcare providers alike with this “Airbnb for Surgeries” solution, which has low utilization rates across private hospital infrastructure.

HDcare has seen a thirty-fold increase in patient demand since its November 2022 launch. By the end of the year, HD claims to be profitable and to be consolidating its position as the industry leader.

“We are thrilled to partner with FEBE Ventures, a prominent Southeast Asian venture capital firm with deep insights into the Vietnamese market,” said Sheji Ho, Chief Executive Officer and Co-Founder of HD.

His statement states that the company’s entry into Vietnam, a nation of 100 million people with a healthcare ecosystem that complements our surgical solutions and healthcare marketplace, will be accelerated by FEBE’s network and market knowledge.

As per the statement, HD’s quick expansion and the triumph of its recently introduced HDcare elective surgeries business model are acknowledged by FEBE Ventures.

“We see similarities between the healthcare systems in HD’s current markets and Vietnam,

“We strongly believe that HD’s team can bring better access to affordable healthcare and surgeries to Vietnam,” said Olivier Raussin, Co-founder and Managing Partner at FEBE Ventures.

A group of enthusiastic and committed people with a common goal for the future of healthcare founded HD in 2019.

Operating in emerging Southeast Asia, the company powers over 1,500 healthcare providers, including some of the biggest hospitals, as a marketplace for surgery and healthcare.

In addition to providing healthcare financing options, the platform links patients with hospitals, clinics, operating rooms, and surgeons to enhance access to reasonably priced medical care and procedures.

Over 250,000 patients have used HD’s platform to get more affordable and easily accessible healthcare to date.