Exclusive: BookDoc ropes in HK tycoon to co-invest in its pre-Series A

(From left) BookDoc advisor Mohamed Sharil Tarmizi, NCSM president Dr Saunthari Somasundaram, BookDoc CEO Chevy Beh and consultant of Radiologist and Nuclear Medicine Physician Dr Sulaiman Tamanang

Healthcare tech startup BookDoc has got on board an Hong Kong tycoon as one of its investors in the pre-Series A round it is raising.

The tycoon is said to have a net worth north of $10 billion, runs a conglomerate, but is not from the healthcare industry.

Declining to share further on the investor or the deal size, BookDoc founder and chief executive officer Chevy Beh told DEALSTREETASIA that this investment is the tycoon’s first in a tech startup.

“The investor is involved in many businesses and while he may not be from the healthcare industry, BookDoc will be able to leverage on the network that he can provide, and that is important. Even if we hired 100 people, we may not get the level of access this single investor has,” he said.

Previously, DEALSTREETASIA had reported that BookDoc is targeting to seal its pre-Series A funding round in May. The fundraising appears on track, as BookDoc talks to another investor.

BookDoc was also the first tech startup investment for the Brunei Royal Family. Prince Abdul Qawi had invested an undisclosed sum in BookDoc’s seven-digit seed round.

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BookDoc, which is a healthcare service booking platform, has footprints in Malaysia, Singapore, Hong Kong, and Thailand. Later this year, it plans to enter the Phillippines and Jakarta markets.

In Malaysia, it has more than 4,000 healthcare professionals on its platform, which is about 85 per cent of the country’s healthcare providers. It has over 60,000 registered users in the country.

Beh believed that with an upcoming deal, BookDoc would be able to get on board 95 per cent of the market’s healthcare providers, and over a million users.

BookDoc, launched only six months ago, has been building its network of healthcare providers. Its strategy is to populate its ecosystem so that it can deliver the promise of myriad of healthcare providers at its users’ fingertips.

In its latest partnership, the platform entered into a collaboration with the National Cancer Society Malaysia (NCSM) to widen public access to cancer-related information and services.

Under this collaboration, services offered by NCSM’s cancer & health screening clinic and nuclear medicine centre can now be searched and booked online instantly through BookDoc’s free app and website.

NCSM offers a range of general screening services with particular emphasis on breast, gynaecological and prostate cancer, and imaging service to determine the spread of cancer before the start of cancer treatment.

“As part of our Corporate Social Responsibility Initiative, in conjunction with this collaboration, BookDoc is launching a fundraising campaign for NCSM. From April 27 until June 30, 2016, anyone who registers a new user account will be prompted to enter a special code. Just key in the word “CANCER”, and we will be donating MYR1 to NCSM,” Beh said at the signing.

President of NCSM Dr Saunthari Somasundaram added that, “NCSM is glad to have a new partner to support our effort in battling cancer. With BookDoc, users can now easily search and book slots that are convenient to them, and only need to arrive no more than 15 minutes before the scheduled appointment. The system will enhance the visibility of NCSM services to the public.”

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