Singapore-based healthcare technology company MiyaHealth has received an undisclosed sum of investments from HealthXCapital, Central Capital Ventura and SEEDS Capital.
That comes on top $4.8 million was raised in a pre-Series A round earlier this year.
Founded in 2019, the startup offers two technology platforms: MiyaPatient, a navigation platform that helps patients manage their chronic illness, and MiyaPayor, the AI-powered claims processing and predictive analytics. It comes up with a third offering, MiyaProvider, designed to improve the patient experience in hospitals and clinics.
Currently, over 3,000 medical providers and 12,000 doctors use these platforms.
WHAT IT IS FOR
The company said the additional funding will help advance its product development, hiring and expansion plans. Specifically, it will support its efforts to launch MiyaPatient in Europe and the MiyaPayor and MiyaProvider platforms in Indonesia and the Philippines.
THE BIGGER TREND
Alongside this announcement, MiyaHealth also announced that it is preparing to launch a Series A fundraiser “over the next six months,” the proceeds of which will help “continue to develop its product suite, expand its operations globally, and continue working with Key.” prospects move forward”.
Asia’s consumer-centric digital healthcare ecosystem continues to grow as demand increases. According to a report by McKinsey & Co., the region’s digital healthcare market is projected to reach $100 billion by 2025, compared to $37 billion in 2020.