Through our work as the Asia HealthTech Connector, we are collating a wealth of rich information on the Asia healthtech ecosystem. We plan to share our insights with our subscribers via our point of view reports, our assessment of trends shaping the future of HealthTech in the region, access to our database and latest HealthTech funding rounds.

Reports

Stay current with our latest thought leadership, predictions and trends on the convergence of technology and healthcare 

Asia HealthTech 2016 Report

The Galen Growth Asia HealthTech 2016 report offers its readers rich insights and points of view as seen through the eyes of the Asia HealthTech founders and CEOs as well as other ecosystem operators who are all leading the transformation of healthcare from China, to India all the way to Indonesia bringing together the perspective of HealthTech CEOs from 12 countries in Asia.

Global Trends and HealthTech Solutions for Diabetes

Diabetes-focussed startup Holmusk conducted a comprehensive study on diabetes, which we want to share with you!

HealthTech Funding Tracker

Galen Growth Asia is tracking all noteworthy HealthTech funding events in Asia.

Month Target Funding Size ($M)/Stage Investor
April

Medwell Ventures (India)

Medical Big Data

Medwell Ventures, a home healthcare services company, has raised $21 million (Rs 140 crore) in Series B funding led by Mahindra Partners, the $1 billion private equity and venture capital arm of the Mahindra Group, and existing investors including Eight Road Ventures and US-based F-Prime Capital Partners. The investment will help Medwell, which also runs the Nightingales home healthcare services brand, to expand into other parts of the country including eastern India.

21.0

Series B

Lead: Mahindra Group

Followed by: Eight Road Ventures, F-Prime Capital

April

Holmusk (Singapore)

Medical Big Data

The Singapore based Medical Big Data company provides a GlucoLeap, a Diabetes management tool that engages with its users. After closing a Seed and Pre-A funding round in 2016, Holmusk now closed a $6 million Bridge funding round from undisclosed investors.

6.0

Bridge

Lead: undisclosed

April

Clinivid (Australia)

Doctor Networks

Healhcare startup Clinivid closes A$350k seed round Clinivid, a video and communications platform catering to health professionals, has closed an A$350,000 ($267,085) seed round in a round led by Right Click Capital. Founded by Dr Katja Beitat, its solution aims to accelerate decision-making and enhance patient care by resolving the communications breakdown that can occur between professioanls and other operators in the healthcare space. Beitat has spent nearly a decade working for the New South Wales Health Care Complaints Commission, granting her an awareness of the deficits in the health

0.27

Seed

Lead: Right Click Capital

April

HealthEngine (Australia)

Online Marketplace

HealthEngine, an Australian online healthcare marketplace, has raised A$26.7 million ($20.2 million) in a Series C funding round led by Sequoia India. The funding marks Sequoia India’s first direct investment in an Australian-owned and headquartered tech startup. Alongside Sequoia India, the funding round also attracted new investors including private equity fund Alium Capital and several notable high net worth family offices. Follow-on investments were received from Go Capital, Carsales.com.au founder Greg Roebuck, and the founders of the Lux Group, one of Australia’s largest e-commerce companies.

20.2

Series C

Lead: Sequoia India

Followed by: Alium Capital

April

PharmEasy (India)

Online Marketplace

Mumbai-based pharmacy aggregator PharmEasy has closed a $17-million deal (around Rs 111 crore) in a series-B round by three of its existing venture capital investors, said a person aware of the deal. The funding indicates continued interest in the online pharmacy segment despite a reported dip in the total investment secured by startups in this space. PharmEasy’s latest round of funding was led by Silicon Valley's Bessemer Venture Partners, according to the person.

17.0

Series B

Lead: Bassemer Venture Partners

Followed by: Orios Venture Partners, Aarin Capital, Infosys

March

Haoeyou (China)

Remote Monitoring

Shenzhen-listed Chinese smart building and smart city services provider Hakim Unique Internet Co., Ltd. has led a US$40 million series A round in Haoeyou, a digital hospital platform for Chinese patients to directly connect with doctors from the U.S. under the California Healthcom Group. Founded in 2013, Haoeyou provides a platform where Chinese patients can make an appointment with American doctors and receive remote consultancy at home via web camera. It also help patient to travel to the U.S. to receive medical treatment. The platform claims that it has over 1,000 care providers registered.

40.0

Series A

Lead: Hakim Unique Internet
March

Xiaolu Yiguan (China)

Telehealth

Redpoint Ventures and Sinovation Ventures have led a RMB100 million (US$14 million) series B round in Xiaolu Yiguan, an online platform connecting traditional Chinese medicine providers with consumers. Founded in January 2016, Xiaolu offers online traditional Chinese medicine consultancy services for patients with chronic disease and those suffering from sub-optimal health, areas that traditional Chinese medicine might treat with herbal mixtures and dietary augmentation. The start-up plans to use the latest proceeds to improve its businesses by expanding the network of professional doctors available, deepen relations between doctors and patients, and enhance medicine quality and logistics.

14.0

Series B

Lead: Redpoint Ventures, Sinovations Ventures
March

Kingdee Healthcare (China)

Health Services Search

Shanghai-based financial services firm Yongjin Group and JD.com Inc. have led an around RMB100 million (US$14 million) series A round in Kingdee Healthcare, a Guangzhou city-based mobile healthcare company under Kingdee International Software Group Co Ltd, according to a company announcement. Kingdee Healthcare provides hospital information platform, mobile healthcare platform, online hospital appointment booking services, and hospital resource planning. It currently has over eight millions users, and has provided services for over 3,000 hospitals and healthcare institutions, the firm claims. The company plans to use the proceeds to develop new products and explore new marketing opportunities.

14.0

Series A

Lead: Yongjin Group, JD.com
March

EndoMaster (Singapore)

Robotics

Medical robotics company EndoMaster said on Thursday it has raised S$20.5 million (US$14.54 million) in Series B funding, said to be one of the largest such amounts for a medical technology (medtech) company here. EndoMaster, a spin-off by Nanyang Technological University and National University of Singapore, has developed a robotic-assisted surgical system that removes gastro-intestinal cancer tumours without the need for surgical incisions on the body or organ. Its non-invasive way of removing the tumours - similar to how stents and balloon catheters replace open heart surgery - is believed to lower surgery time to under one hour. According to the company, clinical trials have also shown it to reduce complications rate to below 5 per cent, and reduce hospital stays to less than one day.

14.54

Series B

Lead: undisclosed
February

Hao Daifu (China)

Health Services Search

Beijing-based Hudong Feng Technology, operator of online and mobile doctor's consultation and appointment booking platform Hao Daifu ("Good Doctor"), recently announced that it is soliciting USD 200 mln in new funding, led by Chinese internet and mobile services firm Tencent (0700.HK).

200.0

Series D

Lead: Tencent

February

Anxin Doctor (China)

Online Health Communities

Anxin Doctor is a Beijing-based mobile health app focused on children and women healthcare founded in 2015 to connect patients with obstetrics, gynecology doctors and pediatrics doctors. Currently, tens of thousands of doctors are registered on the platform, and services are available in six cities in China including Beijing, Shanghai and Shenzhen. The proceeds to improve its offline medical care service, as well as allow patients to receive online medical care services from doctors they meet offline.

28.0

Series B

Lead: Matrix Partners China

Followed by: Qiming Venture Partners, IDG Capital

February

Vault Dragon (Singapore)

Medical Big Data

Vault Dragon offers a suite of healthcare software solutions that act synergistically to improve the healthcare ecosystem in the region. Their healthcare solutions include EMR, paperless consultation, and practice management.

1.16

Pre-A

Lead: Golden Equator Capital, Raging Bull

Followed by: undisclosed

February

SigTuple Technologies (India)

Medical Big Data

SigTuple Technologies is a 1.5-year-old, Bengaluru, India-based HealthTech startup that is creating a data-driven cloud-based platform to detect anomalies and trends in medical data. It offers medical diagnostic space through data driven intelligence. It builds cloud-based solutions for medical diagnosis using artificial intelligence techniques and has tied up with medical institutions to get data for the analysis.

5.8

Series A

Lead: Accel Partners

Followed by: IDG Ventures, Endiya Partners, Pi Ventures, VH Capital, Axilor Ventures

February

mClinica (Singapore)

Patient Engagement

The Singapore-based company is mappaing healthcare data in South East Asia to help tracking how medicines are being used. mClinica's platform for loal pharmacies is currently present in three countries - the Philippines, Indonesia and Vietnam and is aiming to to expand to cover Malaysia and Thailand but also Cambodia, Laos and Myanmar.

6.3

Series A

Lead: Unitus Impact

Followed by: Global Innovation Fund, MDI Ventures, Endeavor

February

MedGrocer (Philippines)

Consumer Health & Wellness

MedGrocer, owned and operated by Wellbridge Health Inc., enables customers to order medicines online and have these medicines delivered directly to them. Its online platform also allows patients to compare prices and obtain essential information for their medications prior to purchase.

undisclosed

unknown

Lead: Ayala Healthcare Holdings Inc.

February

CXA Group (Singapore)

Payments & Insurance

The rapidly growing Singapore-based Employee Benefits, Flex & Wellness Marketplace has a unique business solution in Asia cutting a across three out of four of our focus industries, including health & wellness, financial services and consumer services. The investment will be used to scale its existing platform and operations beyond Singapore and Hong Kong to include China, India, Indonesia, Japan, Malayisa, the Philippines, South Korea, Taiwan and Thailand.

25.0

Series B

Lead: EDBI, B Capital Group

Followed by: Royal Philips, RGAx

January

Mobile MD Systems (China)

Medical Big Data

Chinese alternative investment firm Genesis Capital has led a RMB100 million (US$14 million) series C round in MobileMD System, a cloud computing provider in the medical care industry. Existing investors Matrix Partners China, Northern Light Venture Capital and Shenzhen Cowin Venture Capital Investments Ltd. also participated in the round. Founded in 2013 in Jiaxing city in Zhenjiang province, MobileMD System is a Software-as-a-service(SaaS) provider with products including clinical research data collection system eCollect, randomized grouping and drug management system eBalance, and patients reports system eReport.

14.0

Series C

Lead: Genesis Capital

Followed by: Matrix Partners China, Nothern Light Venture Capital, Shenzhen Cowin Venture Capital Investments Ltd.

January

Cui Yutao Health Management Centre (China)

Online Health Community

GGV Capital, through its RMB managed fund Yuanxing Capital, has completed a $20 million series C funding round in Beijing-based Cui Yutao Health Management Center Co Ltd. Existing investors, Chinese healthcare-focused venture firm HighLight Capital and Wu Capital, also participated, the China Money Network reported. Wu Capital is the family office of Chinese real estate developer Longfor Properties Co Ltd’s founding family Wu Yajun. Yuanxing Capital focuses on healthcare, artificial investments and consumer upgrade themes.

20.0

Series C

Lead: Yuanxing Capital

Followed by: HighLight Capital, Wu Capital

January

Practo (India)

Health Services Search

The rising Indian healthcare booking platform has been growing by 90 % in patients, 80 % in appointment booking, 8X more reviews from users and by 5M+ health records shared in 2016. It further expanded into the Middle East and acquired the advanced analytics firm Enlightiks to enable to offer business intelligence solutions to healthcare enterprises.

55.0

Series D

Lead: Tencent

Followed by: Thrive Capital, Ru-Net, Matrix Partners, Sequoia, CapitalG

Month Target Funding Size ($M)/Stage Investor
November

Stasis Labs (India)

Telehealth & Remote Monitoring

Stasis Labs, based in Bangalore and Los Angeles, offers wireless monitoring device that tracks of vitals and send them to a tablet computer, which shows the patients' trends. Until now, the device is live in a few hospitals in Bangalore. The Seed funding will be utilised to deploy its device across India and other countries.

5.0

Seed

Lead: Techstars

Followed by: RTP-Healthcare Ventures

September

We Doctor (former GuaHao) (China)

Navigating the Healthcare System

The Hangzhou-based healthcare service navigator provices online healthcare services such as online hospital appointments, payments and other services to 110 million registered users. The company plans to invest US$300M to establish an internet-based national diagnosis and treatment platform and another US$150M to set up five regional surgery centers.

394.0

Series D

Lead: Tencent

Followed by: Hillhouse Capital, Goldman Sachs

September

HaloDoc (Indonesia)

Navigating the Healthcare System

The Indonesian company connects users to a network of 18,600 lincensed doctors, 1,000 certified partner pharmacies through medical delivery service ApotikAntar, and licensed medical laboratory services. Users can communicate with these medical professionals via chat, video and voice call. The investment round will be used to build the engineering resource and develop a product suitable for mass adoption.

13.0

Series A

Lead: Clermont Group

Followed by: Go-Jek, Blibli.com, NSI Ventures

August

Health2Sync (Taiwan)

Patient Engagement

The Taipei-based company provides a cable that connects a smartphone to a glucose meter via the headphone jack to get the two devices talking. Once these devices are connected, data stored on the glucose meter will sync with the smartphone via the Health2Sync app. The funding will used to continue product development and emerge into new markets.

3.0

Series A

Lead: WI Harper Gp

Followed by: Cherubic Ventures, iSeed Ventures, SparkLabs

August

Meet You (China)

Navigating the Healthcare System

The female social network and period tracker has reported 100 million existing users and 5 million daily avtive users. The money collected will be used to allow existing USD investors to exit as the company dismantles its variable interest entity structure. The company is also in preparation of an initial public offering in the domestic stock exchange.

151.0

Series D

Lead: Matrix Partners

Followed by: K2VC, Cathay Capital Private Equity

July

Babytree (China)

Navigating the Healthcare System

The parenting portal is the leading Chinese digital resource for maternal and childcare services. The latest round of financing in RMB, indicates its intention to seek a domestic listing in the future.

437.0

Series D

Lead: Fosun Group

Followed by: Zhaojin Investment, Danfu Investment & others

June

Chunyu Yisheng (China)

Telehealth & Remote Monitoring

The Beijing-based Telehealth company finished 2015 with a profit of RMB30M (~US$4.3M). Founded in 2011, Chunyu Yisheng is preparing to spin out its online consultation business and list it via a reverse merger with a A-share company and considering the New Third Board as a potential destination for an IPO.

183.0

Series D

Lead: CICC
May

PingAn Good Doctor (China)

Navigating the Healthcare System

The healthcare service navigator and medical service app Ping An Good Doctor hit a reported valuation of US$3B, with 77 million registered users, 250,000 users daily, and more than 50,000 doctor's in China. The Series A investment of US$500 is unique in size globally. Within 1 year, Ping An Good Doctor recruited 1,000 full-time medical professionals and partners with 5,000 doctors.

500.0

Series A

Ping An
April

iCarbonX (China)

Big Data & Analytics

The Big Data & Analytics company develops artificial intelligence to interpret and mine the data and enables every individual to better manage their health and defeat diseases. The platform will also allow to facilitate research related to preventive care and precision nutrician. An valuation US$1B in six month makes it the fastest technology unicorn in the world.

155.0

Series A

Lead: China Bridge Capital

Followed by: Tencent

April

1mg Technologies (India)

Consumer Health & Wellness

The Mumbai-based Consumer Health platform operates as an online marketplace for medicine and facilitates doctor appointments and diagnostic tests. 1mg reported a growth in revenue by eight times in the last 12 month. The raised money will be used to expand the online pharmacy and diagnostics verticals and to launch digital health products, including smart prescriptions and personalised health feeds for consumers.

16.0

Series B

Lead: Maverick Capital Ventures

Followed by: Sequoia Capital, Omidyar Network

March

Prenetics (Hong Kong)

Genomics

The Hong Kong-based precision medicine company focusses on personalized, predictive and preventive treatments. Its proprietary iGenes test helps physicians prescribe medications and dosages to achieve the most effective results with the least side effects, based on a patient's unique genetic profile. The raised money will be used to launch new products and services out that will continue to shape the future of healthcare.

10.0

Series A

Lead: Ping An
January

Obino (India)

Big Data & Analytics

The India-based company builds an artificial intelligence (AI) based-interface so that users can be coached via the app. Obino finished 2015 with 10,000 weekly users and about 500 paid customers.

undisclosed

Series A

Lead: RoundGlass Partner

Month Taget Funding Size ($M)/Stage Investor
November

Signostics (Australia)

Sensors & Diagnostics

The Adelaide-founded company offers the handheld ultrasound technology "SignosRT ultrasound system" and will launch its bladder scanner "SignosRT Bladder system in 2016. The new round of funding will be used to grow jobs in Tonsley (SA).

35.0

Series C

Lead: KKR

October

Attune Technologies (India)

HPC Management

The Channai-based company delivers an integrated cloud-based platform for healthcare delivery organisations. The platform interfaces with over 1100 devices such as lab analyzers and ICU machines to absorb labs into the health network. It can serve a single GP clinic up to a national HIS/EMR network. Raised investment will be used to fuel the company’s growth in India and to accelerate its expansion into international markets like Africa, West Asia and South-East Asia.

3.0

Series B

Lead: Qualcomm

Followed by: Norwest Venture Partners

October

Welcome Cure (India)

Consumer Health & Wellness

The Mumbai-based company offers a platform for homeopathic treatment, which it claims to deliver all across the world. Users first need to sign up on the platform post which they can enter the health problems they have. The platform will use 10 percent of the funding for developing tech, 20-25 percent for talent and doctor acquisition and the rest on marketing and user acquisition.

6.0

Pre-series A

Lead: Bennett, Coleman and Co
September

Portea Medical (India)

Sensors & Diagnostics

The Bangalore-based home healtcare company reported it adds about 5,000 new user monthly and has 60,000 visits per year. Portea Medical combines highly trained physicians and technology to improve health outcomes, efficiency and accessibility for patients.

37.5

Series B

Lead: Qualcomm

Followed by: IFC, Accel Partners

April

1mg (former HealthKartPlus) (India)

Consumer Health & Wellness

Gurgaon-based Bright Lifecare Pvt Ltd has rebranded its online medicine store HealthKartPlus to 1MG and spun it off into a separate company 1MG Technologies Pvt. Ltd. The funds from this round of investment will be used for scaling up its business and expanding its operations to other cities like Mumbai, Hyderabad, Chennai, Pune and Chandigarh by end of 2015.

6.0

Series A

Lead: Sequoia Capital

Followed by: Kae Capital, Intel Capital, Omidyar Network

April

DocDoc (Singapore)

Navigating the Healthcare System

The Singapore-based doctor-booking platform's basic premise provides concierge services – a dial-up Q&A center, specifically – for patients looking to learn more about their choice in doctors. DocDoc is currently present in Thailand, Malaysia, Hong Kong, Singapore, and the Philippines. The new capital will used for marketing and branding development activities.

8.5

Series A

Lead: Hong Leong Financial Group

Followed by: SparkLabs Global Ventures

April

Huakang Mobile Health (China)

Navigating the Healthcare System

The Shenzhen-based company offers doctor appointment reservation, online medical consultation, payment, and digital health record in their platform. The revelation of the new funding round follows the announcement of an established strategic partnership with Ali Health a week before.

32.0

Series B

Lead: Yufeng Capital

Followed by: Shenzhen Co-Win Venture Capital Investments Limited, New Horizon Capital

April

Practo (India)

Navigating the Healthcare System

Just two month after announcing a Series B funding, Practo closed its third round of funding. The investment will be used to expand Practo's segments with fitness, wellness, hospitals as well as expanding its business to over 10 countries. They further plan to expand.

90.0

Series C

Lead: Tencent Holdings

Followed by: Sofina, Sequoia, Google capital, matrix, and others

March

Healint (Singapore)

Telehealth & Remote Monitoring

The Singapore-based health analytics startup offers the migrane tracking app "Migraine Buddy". The money will be used to strengthen the company's local intellectual development and for growth expansion into markets with high mobile penetration, such as Japan.

1.0

Seed

Lead: Wavemaker Pacific

Followed by: Gree Ventures, NRF, Shinryoku

February

Connexions Asia (Singapore)

Navigating the Healthcare System

The Singapore-based Insurance and Wellness marketplace offers customised benefits and wellness packages for employees and provides a tool for employers improve their workforce health, cap premium increases and reduce their workload burden through automation of administrative processes and vendor consolidation. The funding will be used towards regional expansion and scaling of its platform.

8.0

Series A

Lead: NSI

Followed by: BioVeda

February

Practo (India)

Navigating the Healthcare System

The India-based healthcare booking platform offers two products, Practo Search, the largest doctor search engine in Asia with 4M montly searches, and Practo Ray a clinic management software. The new money will be used to expanded to 35 cities in India and more within Asia, and to increase their headcount by 150% till the end of 2015.

30.0

Series B

Lead: Sequoia Capital

Followed by: Matrix Partners

February

BabyTree (China)

Navigating the Healthcare System

The parenting portal is the leading Chinese digital resource for maternal and childcare services. The money will be used to extend BabyTree's e-commerce operations with the help of their new investor. The investment round is the highest ever recorded by a Chinese company in the maternity and baby market

300.0

Series C

Lead: Jumei

Followed by: unnamed