Singapore-based healthcare company Doctor Anywhere (DA) has raised $40.8 million in a Series C1 extension round from investors, including Square Peg and Novo Holdings, according to an announcement on Thursday.
In Dec 2022, the firm had raised a Series C1 funding round of $38.8 million, led by Novo Holdings and backed by existing shareholders, including Asia Partners, Kamet Capital, Square Peg, IHH Healthcare, EDBI, and OSK-SBI Venture Partners.
The Series C1 round came after the healthtech startup raised a $65.7 million Series C in August 2021.
The funds from the latest financing will be used to drive next-generation healthcare innovation within the company and to deepen its presence in secondary care. The company will intensify product innovation in building a vertically integrated digital healthcare ecosystem. This ecosystem will cater to the rising demand for healthcare services.