Naluri Pte Ltd, a Malaysian digital health service provider, has secured a USD$7 million pre-series B funding round led by Thailand’s leading real estate development group Pruksa Group, whose business is also involved in digital health technology and healthcare operations through Vimut Hospitals.
The new funding is earmarked for Naluri’s strategic expansion in Thailand and will further bolster the company’s operations in Malaysia, Singapore, and Indonesia.
Pruksa Group’s investment is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and is supported by several returning investors, including M Venture Partners, Palm Drive Capital, and INP Capital.
“We must do more to not only manage chronic health and mental health conditions, but we must also prevent them as well,” said Naluri Co-Founder and Chief Executive Officer Azran Osman-Rani.
“We must do so quickly and effectively. Global markets have tightened, but this investment affirms Naluri’s mission and fast-tracks our efforts to deliver support to more deserving people in the region.”
Founded in 2017, the company pairs evidence-based interventions and human-led expertise with a digital platform (via the Naluri app) to deliver integrated person-centred care to transform the lives of people at risk of, or managing, the most pervasive chronic and mental health conditions across Malaysia, Singapore, Thailand and Indonesia, with imminent plans for expansion into the Philippines, Hong Kong and Australia.
To date, it serves more than 75 of the region’s leading employers in industries that include financial services, oil and gas, property development, telecommunications, tertiary education and aviation.