Hd company a Thailand-based healthcare and surgery marketplace, has announced the completion of a $5.6 million Series A funding round.
According to a statement from HD, SBI Ven Capital, a division of the well-known Japanese Internet banking behemoth SBI Group, spearheaded this major round through its joint fund with South Korea’s Kyobo Securities and NTU Singapore’s NTUitive.
The round also witnessed the participation of earlier backers such as M Venture Partners, FEBE Ventures, Partech Partners, Ratio Ventures, and Orvel Ventures, along with the welcoming of a new investor, TA Ventures.
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The company’s sustained focus on enhancing patient outcomes and care delivery is a result of a strategic alliance it signed with Johnson & Johnson MedTech in July of last year.
With this new capital, HD is also well-positioned to grow even more. The startup wants to help 300 operating rooms and more than 5,000 healthcare providers so that thousands more surgeries can be performed.
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In emerging Southeast Asian markets, the real opportunity for healthcare artificial intelligence (AI) lies not in building yet another general practitioner chatbot but in enhancing patient outcomes by streamlining operational and administrative tasks for providers and payers.
“Our unique MEhdIQ LLM, with its exclusive and anonymized training data, aims to significantly alleviate the administrative load, allowing healthcare and insurance professionals to focus on delivering superior patient care,” said Sheji Ho, Chief Executive Officer and Co-Founder of HD.
It has the potential to transform healthcare operations and insurance procedures in the future as a software-as-a service (SaaS) AI copilot tool for payers and providers.
HD’s continued sustainable growth, despite global macroeconomic challenges, is impressive. Their unique business model and relentless execution by seasoned e-commerce and healthcare professionals make them standout.
“We are excited to support HD in their mission to be the largest healthcare and surgery marketplace in Southeast Asia, improving access to quality, affordable healthcare,” said Ryosuke Hayashi, Chief Executive Officer of SBI Ven Capital.
About HD
HD, Company One of the top venture capital firms in Asia, . is headquartered in Singapore and makes investments in the financial services and technology sectors. There track record of collaborating with enterprises and bringing together the essential resources required to expand operations in Asia speaks for itself.
