Singapore-based neonatal-clinical solutions startup Child Health Imprints (CHIL) has raised $2.4 million in its pre-Series A funding round led by healthcare investor HealthXCapital, according to an announcement.
CHIL said the fresh capital raised in the funding round, which was also backed by Enterprise SG and high net worth individuals, will go towards expanding its integrated neonatal ICU (NICU) care services in Asia Pacific as well as in securing international regulatory approvals.
The healthcare startup said it develops proprietary NICU solutions to provide real-time data and analytics to clinicians so they can easily monitor and treat newborn babies who are at risk.
HealthXCapital will target early-stage investments in digital health, diagnostics, devices, and artificial intelligence, focusing on companies with origins and impact on Southeast Asia and India.
The fund aims to invest in 10 to 12 companies, with ticket sizes ranging from $500,000 to $3 million. The fund tenure is 5-7 years.
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