Indonesian men’s health firm Newmans bags pre-seed capital from EverHaus

Indonesia’s EverHaus has invested an undisclosed amount in men’s healthcare company Newmans, Gitta Amelia, founder of the early-stage venture capital firm, told DealStreetAsia in an exclusive chat.

This marks the pre-seed round for the startup established earlier this year.

Catering directly to the consumer, Newmans focuses on men’s health and helps tackle uncomfortable topics “that are often closeted and considered a taboo”, Amelia said. The company that often draws a comparison with US-based forhims.com connects men and doctors on a single platform for guidance on health-related issues such as hair loss, smoking cessation and erectile dysfunction, among others.

“We have invested in this since the industry has good margins, and the timing is apt since we are leveraging the first and second waves established already in Indonesia of payments, e-commerce behavior, and logistics,” said Amelia.

The corpus raised will be used by the startup to spruce up its social media presence and add on influencers who can educate consumers that solutions to ‘men’s problems’ do exist. Going forward, the company plans to build an extensive platform to connect healthcare providers, doctors, insurance partners and patients and plans to raise a bigger amount from investors for that.

Newmans claims to be recording a growth of around 20 per cent month-on-month.

EverHaus is one of the youngest VCs in Southeast Asia. Founded in November 2017, it invests in pre-Seed and pre-Series A rounds across sectors with ticket sizes ranging from $50,000 to $500,000. Its portfolio companies include B2B e-commerce firm Bizzy, online rental portal Jendela360, and DOOgether, a booking startup for fitness and sports classes.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.