Business

Monk’s Hill leads US$5M pre-Series A round of Singapore’s telehealth startup Ordinary Folk


Abnormal Folks Founder SeanLow

Singapore-based telehealth startup Abnormal Folks as we speak introduced a pre-Sequence A funding of US$5 million led by Monk’s Hill Ventures.

The healthtech agency will use the capital to speed up talent-hiring to construct a differentiated buyer expertise in healthcare utilizing tech, increase to new markets (Hong Kong and Japan), and scale in Singapore.

Abnormal Folks plans to rent high engineering abilities in Vietnam, product, development and design throughout the Singapore, Hong Kong and Japan markets.

Established in 2020, Abnormal Folks integrates its two shopper platforms — Noah and Zoey — distributed compliant medical community, digital medical document (EMR), digital prescriptions, cloud pharmacy, and last-mile fulfilment.

Noah is a males’s telehealth platform that integrates totally different care areas, together with sexual well being, psychological wellness, hair care, and weight administration, creating the correct instruments for a greater, extra seamless affected person expertise. Alternatively, Zoey permits girls to entry sexual wellness, fertility, psychological well being, and wellbeing medical options in a judgment-free house.

Additionally Learn: Why Singapore is ASEAN’s sandbox for innovation in healthtech

Abnormal Folks will use a portion of the funds raised on this spherical to increase its B2B partnerships with firms to offer ‘Noah’ and ‘Zoey’ companies to its workers.

The healthtech startup claims its income grew by over 130 per cent and attracted over one million distinctive guests.

“Hundreds of thousands of individuals throughout Asia discover it tough to entry correct therapy and take care of well being circumstances with enormous taboos connected. Our mission is to make use of expertise to simplify the affected person expertise. Sixty per cent of complete well being expenditure in Southeast Asia is out-of-pocket, making remedies for a lot of prevalent well being circumstances expensive,” stated Sean Low, founding father of Abnormal Folks.

“We realised the necessity for a frictionless expertise, from discovery to supply. This is the reason it was important for our digital well being platforms to create entry to docs and medical options for sexual well being, hair care, fertility, psychological well being and total wellbeing collectively,” added Low.

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