<article>Singapore-based healthtech startup, Lifetrack Medical Systems, has secured $5.2 million in Series A funding to develop its medical imaging technology and scale its growth.</article>

Singapore-based healthtech startup, Lifetrack Medical Systems, has secured $5.2 million in Series A funding to develop its medical imaging technology and scale its growth.
The round was led by UOB Venture Management (UOBVM) through its Asia Impact Investment Fund (AIIF). Other participating investors include Philips and Kickstart Ventures, a corporate venture capital firm from the Philippines.
Lifetrack&#8217;s platform, LifeSysTM, rapidly transmits and aggregates medical images from multiple sites. This is possible even from rural areas, allowing Lifetrack to provide access to diagnostic imaging in less developed countries. Traditional radiology software usually requires expensive server equipment, high-speed bandwidth and workstations.
Carl Nicholas Ng, COO of Lifetrack said: “Our aim is to partner with healthcare systems, both private and public, to make widespread access to diagnostic imaging a reality regardless of where the modality, patient, and doctor are physically located.”
The LifeSysTM platform is currently used in emerging markets in ASEAN, South Asia, and Africa. Over 780,000 patients have had their medical images diagnosed via the technology.
“The vision for Lifetrack is to make healthcare software human again by building simple, elegant, powerful, and intuitive software platforms for the entire healthcare ecosystem,” said Eric Schulze, CEO of Lifetrack.
“We started this journey with medical imaging in emerging markets such as the Philippines where needs are greatest, resources are scarcest, and demand for high-quality affordable healthcare is growing because of the rapidly expanding middle class. Our new investors embrace that vision and mission, and we’re excited to move into this next phase with them as our partners.”
Clarissa Loh, Senior Director at UOBVM said: “In many developing areas in Asia, access to affordable medical imaging is constrained by the lack of qualified radiologists. Lifetrack’s solution seeks to overcome this challenge, and with our investment through the AIIF, we hope to help bring affordable diagnostic imaging to more people in this region.”
UOBVM invested in Lifetrack through AIIF, which supports growth companies in Southeast Asia and China that address key social challenges and improve the lives of those in low income communities.

The round was led by UOB Venture Management (UOBVM) through its Asia Impact Investment Fund (AIIF).

SG's Lifetrack Medical Systems secures $5.2m in Series A round

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SG's Lifetrack Medical Systems secures $5.2m in Series A round

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