Singaporean digital well being startup Strange People has bagged $5 million in pre-Sequence A funding from Monk’s Hill Ventures.
Based two years in the past, Strange People runs two telehealth platforms: Noah, a web based healthcare service devoted to males, and Zoey, which focuses on ladies’s sexual wellness, fertility, psychological well being and wellbeing.
WHAT IT’S FOR
In line with a media launch, Strange People will use its contemporary funds to increase its enterprise throughout Asia, beginning in Singapore and Hong Kong. It additionally plans to rent extra expertise for its engineering, product, and design groups.
It’s also eyeing extra B2B partnerships to supply Noah and Zoey telehealth providers to company workers.
WHY IT MATTERS
“Tens of millions of individuals throughout Asia discover it troublesome to entry correct remedy and look after well being situations which have great taboo hooked up,” Peng T. Ong, co-founder and managing accomplice at Monk’s Hill Ventures, famous.
Strange People made it a mission to make use of expertise to “simplify affected person expertise”. With round 60% of the overall well being expenditure in Southeast Asia being out-of-pocket, founder Sean Low stated there’s a want for a “frictionless expertise from discovery to supply”.
MARKET SNAPSHOT
Early this month, telecommunications agency China Cell formally launched its cellular well being app in Hong Kong. Developed with well being tech firm Heals Healthcare, the Dr. HK app affords each on-line and offline providers, together with entry to digital well being information, on-line outpatient clinic appointments, video consultations, and medication supply.
Asia’s digital well being market is projected to develop to round $100 billion by 2025 from $37 billion in 2020, pushed by the increasing consumer-centric digital well being ecosystem within the area, in line with a report by McKinsey & Co.
