Malaysia-based HealthMetrics has secured around $5 million in a fresh funding round to expand its footprint in Southeast Asia, media reports said.
The funding round for HealthMetrics was led by ACA Investments, a Japanese fund management firm with over $1 billion asset under management.
With regard to the funding, Alvin Yuan, chief executive officer of HealthMetrics told the media, “We would like to express our gratitude towards ACA Investments for their confidence in us as we continue striving to make a difference in employee health and wellness at home and across the region. We founded HealthMetrics to ensure that companies are able to manage their employee health and wellness benefits with ease, in a more streamlined and cost-effective way.
“Our aim was and still is to introduce innovative digital processes to companies for higher efficiency and productivity. Bringing strong new investors and strategic partners into the HealthMetrics family allows us to continue innovating on our successfully proven approach on corporate healthcare.”
The healthtech company will use the funds to expand in the region as well as for product development.
“We want to enhance our solutions to provide best-in-class user experience in health benefits whilst improving cost efficiency in corporate healthcare investments,” Alvin added.
The Kuala Lampur-based company connects its clients to its healthcare partners and offers both parties access to related data analysis. Its list of clients include PricewaterhouseCoopers, Family Mart, Star Media Group, and Pullman Hotels, among others.
Asia’s largest privately owned healthcare group IHH Healthcare recently announced that they have acquired a 100 percent stake in Prince Court Medical Centre, which is a a 277 single-bed private healthcare facility located within the ‘Golden Triangle’ in Kuala Lumpur, for RM1.02 billion.