Thailand’s HD Receives Funding Boost from FEBE Ventures to Expand Healthcare Solutions in Vietnam

Thailand’s health-tech company, HD, has secured investment from FEBE Ventures, a well-known venture capital firm headquartered in Vietnam. The funding will be crucial in expanding HD’s presence, primarily focusing on Vietnam, where the company identifies significant market potential for its healthcare and surgery solutions.

Through this partnership, HD plans to offer its services and elective surgeries throughout Southeast Asia. The investment from FEBE Ventures will enable HD to strengthen its marketplace further. 

Following its recent funding round in January, which raised US$6 million from investors, including AC Ventures and M Venture Partners, HD is now setting its sights on achieving profitability by the end of 2023. 

Founded in 2019 by a team of passionate individuals sharing a unified vision for the future of healthcare, HD has emerged as a prominent healthcare and surgery marketplace in the rapidly expanding Southeast Asian region. 

The health-tech company’s platform, HDmall, operates in Thailand and Indonesia, connecting patients with a vast network of over 1,500 healthcare providers, delivering a wide range of outpatient and inpatient healthcare services. The company also offers healthcare financing solutions, aiming to enhance access to affordable care and surgeries for individuals across the region.

Since its inception, HD’s platform has positively impacted the lives of more than 250,000 patients. 

The company recently launched HDcare, a service that optimizes operating room capacities for providers while granting patients expedited access to vital surgeries. The introduction of HDcare has seen an astounding surge in patient demand, experiencing a 30-fold increase since its rollout in November 2022. 

In recent times, healthcare startups in the Southeast Asian region have experienced a surge in funding attraction, showcasing the growing investor interest and support in this burgeoning sector. Last month, the global healthcare venture platform VentureBlick secured US$2.6 million in funding for its first two startups. The venture aims to validate, support, and invest in early-stage healthcare startups.

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