Singapore-based healthtech startup DocDoc Pte. Ltd. announced that it has closed a funding round of US$13 million led by Adamas Finance Asia Limited (ADAM), a London-listed investment company.
This is the second time ADAM invested in the company, after putting in a convertible note of US$2 million in March 2018.
Joining the round are regional family offices, a fund managed by a global investment firm specialising in financial services, and the Cyberport Macro Fund. To date, DocDoc claimed it has raised a total of US$24.6 million.
In Asia, DocDoc claimed to have over 23,000 doctors and 793 clinics and hospitals in its network. It partners with insurance companies and corporations to enable them to reduce costs and offer a variety of products to their policyholders.
Before the funding last year and this round, DocDoc raised US$8.7 million in Series A funding in 2015, led by Hong Leong Financial Group President and CEO Raymond Choong Yee How, with participation from Sparklabs Global Ventures.
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