Category: Health Care

November 17, 2020

Singapore-based medical benefits platform for employees Mednefits has announced it has successfully raised S$8 million (equivalent of US$5.95 million) in a Series A round of financing. The round of funding was led by Malaysian customer loyalty firm BLoyalty. B Infinite will also work with Mednefits to enhance and automate the medical benefits for its clients’ […]

November 16, 2020

Indonesian telemedicine “super app” Alodokter has raised an undisclosed amount in fresh capital led by MDI Ventures, the corporate venture capital of Telkom Group.The new round, led by MDI Ventures, is an extension of its US$33M Series C it raised in 2019 from investors, including Sequis Life, Heritas Capital and Hera Capital Former investors such as […]

November 12, 2020

Private equity firm Carlyle Group Inc announced it invested more than $250 million in Pharmapacks, a U.S. e-commerce firm focused on health, personal care and beauty products. Carlyle’s investment, which values Pharmapacks at about $1.1 billion, comes as the COVID-19 pandemic has pushed more consumers to shop online. Founded as a brick-and-mortar pharmacy shop in […]

October 28, 2020

Nordic digital therapeutics company, Sidekick Health, has closed a $20 million Series A led by pan-European VC Wellington Partners and healthcare focused VC Asabys Partners. Existing investors, Novator and Frumtak Ventures, also participated in the oversubscribed round. The 2014-founded startup has built a gamified digital care platform that targets chronic and lifestyle disease management via digital […]

October 23, 2020

Dingdang Kuaiya, a Chinese online-to-offline (O2O) drug retailer has closed its Series B+ funding with RMB1 billion (the equivalent of US$150 million in current exchange rates) according to a press statement by the financial advisor of the transaction China Renaissance Capital. Existing backers reinvesting in the round include SoftBank China, CMB International, and Sinopharm Zhongjin, […]

October 14, 2020

Nestle’s strucks $2 billion offer to gain full ownership of the first U.S.-approved peanut allergy treatment, which has struggled with a slow launch due to the COVID-19 pandemic. Including shares it already held, Nestle controlled around 84% of the outstanding shares as of the $34.50 per share offer’s expiration date. “The minimum tender condition to the […]

September 29, 2020

Taiwanese smart thermometer startup iWEECARE has announced  it has raised US$2.4 million in extended pre-Series A funding round. The round of funding was led by TransLink Capital, a Silicon Valley-based venture capital firm with focus on Asia the statement noted. Other participating investors of the round include Taiwan’s National Development Fund, BE Capital, Taiwan Surface […]

September 28, 2020

Noyo, a startup that provides APIs that link players in the health insurance space, announced that it has closed a $12.5 million Series A round of funding. Noyo’s new funding event was led by Costanoa Ventures and Spark Capital. Prior investors Core Innovation Capital, Garuda Ventures, the Webb Investment Network, Precursor Ventures and Homebrew upped […]

September 23, 2020

The “AI-powered” fitness coaching app Freeletics, has closed $25 million in Series B funding. Leading the round is U.S.-based JAZZ Venture Partners and Causeway Media Partners, with support from KKCG. The fresh injection of capital follows $45 million in Series A funding in late 2018. It will be used by the company to develop new tech, further […]

September 15, 2020

Singapore-based indoor air quality sensor company uHoo announced in a statement dated September 15, 2020 that it has successfully secured an “oversubscribed by 50 per cent”. The round of financing was led by Wavemaker Partners with participation from existing investors from the real estate and tech world. The fresh funds according to the statement will […]

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